the ball is in Europe’s court

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former supervisory board member of the European Central Bank and a senior fellow at Bocconi University Paul Volcker’s famous judgment against financial innovation sounds exaggerated today. In late 2009, the former … Read more

Trump world tries to corner crypto

One scoop to start: Citadel Securities’ profits jumped nearly 70 per cent in the first quarter to $1.7bn, as the high-speed trading firm benefited from a surge of volatility across financial markets as Donald Trump retook office. Another scoop: McKinsey has cut more than 10 per cent of its staff in the past 18 months, … Read more

Elon Musk criticises Donald Trump’s ‘big, beautiful’ tax bill

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Elon Musk has strongly criticised Donald Trump’s showpiece tax bill, claiming it “undermines” the work done by his government cost-cutting team, in comments that are likely to widen the rift between the billionaire … Read more

US government will not renew Chevron’s Venezuela oil licence

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US has said it will not renew Chevron’s oil licence in Venezuela, as Donald Trump’s administration hardens its stance towards President Nicolás Maduro’s authoritarian government. The decision, announced by the US state … Read more

Nigeria’s shock therapy

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For years, Nigeria has been not so much a sleeping giant as a comatose one. Home to nearly one in five sub-Saharan Africans, its market of 230mn people should be an engine of continental growth. … Read more