Economics

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Cryptocurrency prices fell on Friday as an executive order from President Donald Trump to establish a US strategic bitcoin reserve left investors disappointed the plan would not trigger a wave of large-scale government purchases of digital…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The euro is on track for its best week against the dollar since the global financial crisis, as investors bet that Germany’s historic fiscal stimulus will help power an economic recovery in the…

Stanley Druckenmiller is revered on Wall Street. The veteran investor has not had a down year in three decades of running his own hedge fund or at the family office he has subsequently overseen for 14 years, according to people familiar with his returns. Now the 71-year-old billionaire’s influence is extending beyond the world of…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurostar trains between Paris and London have been cancelled for the rest of the day after a second world war bomb was found near the tracks close to Paris Gare du Nord, the train operator…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Four decades ago, the swanky Plaza Hotel in New York became famous in finance lore. On September 22 1985, the US government persuaded Britain, Japan, Germany and France to jointly devalue the dollar,…

More than a decade had passed since Ahmed al-Sharaa squeezed into the narrow lift that went up to his parents’ 10th-floor apartment. The Soviet-style block hadn’t changed much since he last saw it. It still overlooked a series of identical concrete buildings and the weed-ridden patches that separated them. The hallways were the same shade…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mark Zuckerberg is building up the voice capabilities of Meta’s artificial intelligence this year, as the social media giant pushes forward with plans to generate revenues from the fast-developing technology. Meta is planning to introduce…

Dubai’s property market is racing towards a record bull run, with the Middle Eastern commercial hub’s buoyant economy and swelling population fuelling the longest price rally since the eve of the 2008 financial crash. Properties in Dubai sold for an average of Dh1,750 ($476.50) per square foot last month, according to data provider Reidin, a…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The recurring question in liberal circles during Donald Trump’s first term as US president was whether to take him seriously or literally. Seven weeks into his second term, it has so far been…