The writer is professor of economics at Harvard University and author of ‘Our Dollar, Your Problem’ US fiscal policy is running off the rails, and there seems to be little political will in either party to fix it until a major crisis occurs. The 2024 budget deficit was a mind-blowing 6.4 per cent of GDP; … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US import costs of steel and aluminium, used in everything from baseball bats to cars and aircraft parts, are expected to rise by more than $100bn after Donald Trump raised tariffs on the metals to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tata Steel has warned that it could be excluded from tariff-free access to the US under the UK’s trade agreement with Washington, putting more than £150mn worth of annual exports at risk. Britain’s largest steel … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Swiss government has proposed increasing UBS’s capital requirements by up to $26bn in an attempt to reduce the risk of another Credit Suisse-style collapse, a move UBS previously called “extreme” and “excessive”. Switzerland’s Federal … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The UK financial regulator is planning to lift a ban on some retail investment products linked to cryptocurrencies, in a thawing of its hardline stance on digital assets as the British government pushes to make the … Read more
Triumphing under Trump: the corporate winners and losers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Man Group, the world’s largest listed hedge fund manager, has ordered its London-based quants to temporarily return to the office five days a week amid a period of poor performance. Man AHL, the firm’s flagship … Read more
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. TotalEnergies defended its strategy of labelling natural gas as a transition fuel in promotional material as part of its rebranding, in a landmark trial over the claim that the French oil and gas group had … Read more
Coffee, jukeboxes and dementia clinics: is this the future of banking?
