Economics

Three Bulgarian nationals have been found guilty of spying for Russia at the Old Bailey in London, in a trial that police described as one of the most significant espionage cases to be brought in Britain in decades. Katrin Ivanova, 33, Vanya Gaberova, 30, and Tihomir Ivanchev, 39, were each convicted of one count of…

Europe is rushing to provide Ukraine with alternatives to Elon Musk’s Starlink broadband satellite network, after the US withdrew military aid and intelligence sharing from the country this week.  Four large satellite operators — Luxembourg’s SES, Spain’s Hisdesat, Viasat, owner of the UK’s Inmarsat, and France’s Eutelsat/OneWeb — have all confirmed to the Financial Times…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump is confident that Chinese President Xi Jinping will not attack Taiwan during his time in the White House, according to US Treasury secretary Scott Bessent. Speaking on CNBC, Bessent said Trump…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has threatened Russia with additional “large scale” sanctions and tariffs, as the US president shifts to piling pressure on Moscow in an effort to broker a peace deal in Ukraine. Trump’s…

Today’s non-farm payrolls figure matters even more than usual, coming at the end of a rocky week for markets. Concerns about the health of the US economy are mounting amid uncertainty over the Trump administration’s tariff policies and the scale of aggressive job cuts imposed by the so-called Department of Government Efficiency, headed by Elon…

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,…