Economics

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Near the start of Stalingrad, the first part of Vasily Grossman’s epic duology on Russia and totalitarianism during the second world war, two characters have a heated exchange. At the heart of their…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world California governor Gavin Newsom said that the state will sue to halt Donald Trump’s sweeping tariffs in a move that challenges the US president’s unprecedented use of emergency powers to upend the global…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The plaque that honours David Ricardo in Bloomsbury seems almost designed to be walked past unnoticed. The nearby statue of his fellow free-trader Richard Cobden has become a popular latrine with the local…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Donald Trump won the US election in November, many bankers and money managers predicted that his presidency would create a bonanza for American finance. Now he could be Wall Street’s Achilles heel. For the…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s top trade negotiator has travelled to Washington for the first time since Donald Trump imposed stiff tariffs, starting talks that will set out the US’s demands and give the world wider clues over what…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ASML said orders of its chipmaking machines fell short of market estimates by almost €1bn, as chief executive Christophe Fouquet warned that Donald Trump’s tariff announcements had “increased uncertainty”. Shares of ASML, which have been…

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 tariffs are forcing private equity groups to pause their dealmaking and focus on managing their existing portfolio companies, in a stark reversal of earlier expectations for a boom in activity under…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US is engaging in efforts to negotiate a landmark global tax deal despite President Donald Trump’s criticism of the agreement, according to the OECD. Secretary-general Mathias Cormann told the Financial Times the US was…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC has ceased operations in more than a dozen countries that its global bosses have deemed too small, risky or unprofitable, as it seeks to avoid a repeat of scandals that have plagued the accounting…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is mayor of Istanbul. He writes from Silivri prison Straddling Europe and Asia and anchoring both the Black Sea and the Eastern Mediterranean, Turkey sits at a crossroads of continents, cultures and conflict…