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UK distances itself from Macron ceasefire proposal

wazvzpyx3 months ago3 months ago07 mins

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The UK has distanced itself from a proposal by French President Emmanuel Macron for a limited initial one-month truce between Russia and Ukraine, while Kyiv raised reservations about stopping fighting without security guarantees. The…

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  • Economics

European defence shares jump as blistering rally gathers pace

wazvzpyx3 months ago3 months ago02 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in European defence companies extended a blistering rally on Monday as investors raised their bets that governments across the continent will have to boost military spending. Rheinmetall jumped 18 per cent in Frankfurt, BAE…

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  • Economics

Deutsche Bank clashed with ECB over bad loan losses

wazvzpyx3 months ago3 months ago05 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank clashed with the European Central Bank throughout 2024 over concerns the German lender may be underestimating how many loans would sour, people familiar with the matter told the Financial Times.  The ECB flagged…

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  • Economics

How Trump’s tariffs threaten an iconic US pick-up truck

wazvzpyx3 months ago3 months ago08 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Chevrolet Silverado has been one of America’s most popular pick-up trucks since it was launched almost three decades ago. But the iconic vehicle could now become one of the biggest victims of…

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  • Economics

China ‘annihilated’ US aluminium — can Trump’s tariffs revive it?

wazvzpyx3 months ago3 months ago012 mins

The Magnitude 7 Metals aluminium plant near the banks of the Mississippi is eerily quiet these days, its electrolysis cells dark and devoid of people, its once white-hot smelters cold to the touch. “It breaks my heart, ‘cos I’ve seen it in all its glory,” said Greg Lester, the facility’s manager, gesturing upwards to its…

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  • Economics

How big is the stock market’s America bubble?

wazvzpyx3 months ago3 months ago012 mins

US stocks’ huge surge since the global financial crisis means they account for almost two-thirds of the world’s investable market, raising concerns about whether such dominance creates too much risk for investors’ portfolios. Wall Street has raced ahead of international rivals over the past decade and a half, driven largely by a rally in the…

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How to respond to the realities of a more dangerous world

wazvzpyx3 months ago3 months ago09 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shortly before travelling to meet Donald Trump, Sir Keir Starmer announced last week that “we will keep our manifesto commitment to spend 2.5 per cent of our GDP on defence. But in light of the…

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  • Economics

China adviser pushes for lower marriage age to boost births

wazvzpyx3 months ago3 months ago06 mins

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China’s top political advisory body will consider a proposal to lower the country’s marriage age to help reverse falling birth rates this week, as more than 5,000 delegates gather in Beijing for the…

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  • Economics

Zelenskyy rejects calls for immediate Ukraine-Russia ceasefire

wazvzpyx3 months ago3 months ago06 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Volodymyr Zelenskyy has rejected calls for Ukraine to agree an immediate ceasefire in its war with Russia, saying it would be “failure for everyone” if a cessation of hostilities were not accompanied by…

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  • Economics

Clearlake to buy majority stake in ModMed that values it at $5.3bn

wazvzpyx3 months ago3 months ago05 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity group Clearlake Capital is close to clinching a deal to buy a majority stake in healthcare software company Modernizing Medicine in a buyout that values the group at $5.3bn including debt, according to…

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