Donald Trump and his team of economic advisers are racing ahead with an attempt to radically reshape the US economy from a consumption behemoth with a huge trade deficit to a manufacturing powerhouse. The economic pivot, which has focused on aggressive tariffs and significant cuts to government spending, has sent US equities reeling and prompted … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A small cohort of global steel producers has emerged as unlikely winners from Donald Trump’s sweeping import tariffs, as the US president expands his trade war in an attempt to protect US manufacturing industries. US … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s 25 per cent tariffs on steel and aluminium imports into the US took effect on Wednesday as he continued to pursue his protectionist trade agenda despite growing concern over the risk … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have long been wary of China, piling into US markets, no matter what the climate. But is that changing? Today on the show, Rob Armstrong and Aiden Reiter talk to Ruchir Sharma, a columnist … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s financial watchdog is set to largely abandon its controversial plan to “name and shame” more companies that it investigates, marking a major U-turn after the regulator faced mounting pressure to drop the policy. … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s payments watchdog will be abolished by Sir Keir Starmer as part of his drive to boost growth by scrapping or merging some of the country’s patchwork of around 130 regulators. The prime minister … Read more
Two NASA missions, set for a late-night launch aboard a single rocket on Monday night, have been delayed again. Both aim to unravel mysteries about the universe — one by peering far from Earth, the other by looking closer to home. Less than an hour before the scheduled launch on a Falcon 9 rocket on … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s pensions minister is pushing retirement funds to invest more in private markets as part of wider plans to improve performance and consolidate £1.3tn of UK pension assets. Torsten Bell told the Financial Times … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Walgreens Boots Alliance’s shareholders are being offered a 63 per cent premium if they sell to private equity firm Sycamore Partners. But some of the company’s creditors could be in line for a similar bonanza. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ex-Barclays chief Jes Staley has insisted he did not lobby JPMorgan to retain Jeffrey Epstein as a client after the deceased financier’s conviction for soliciting a minor. Staley felt “loyal” to Epstein, but denied that … Read more