Economics

Donald Trump’s decisions to suspend military aid to Ukraine and impose tariffs on the US’s top trading partners have reverberated across the globe, as Europe seeks to shore up Kyiv, and China, Canada and Mexico respond to the new import duties. Amid efforts to step into the gap left by Washington, European Commission president Ursula…

The long unthinkable prospect of Ukraine fighting without US weapons, equipment or intelligence looks set to become a reality after the White House on Monday announced it would cut military aid to Kyiv. A senior Ukrainian intelligence official said that Ukraine would probably run out of the last American military supplies in “two or three…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US vice-president JD Vance has provoked outrage in Britain after belittling a UK-France plan for European troops to guarantee peace in Ukraine, saying a deal was unlikely to be secured by “some random country that…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Target has warned that Donald Trump’s tariffs could cut into profits as it grapples with consumer fears over the state of the US economy and anger over its recent pullback from diversity goals. The big-box…

Germany’s chancellor-in-waiting Friedrich Merz is considering unlocking hundreds of billions in extra funding for the country’s military and infrastructure as coalition talks with Social Democrats gather pace. One option under review is a proposal by top German economists to raise up to €800bn in new public borrowing for two separate off-budget funds over a decade,…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eutelsat said it was in talks with European governments about providing additional satellite connectivity in Ukraine, as investors bet that the French satellite operator could replace Elon Musk’s Starlink in the country. Eutelsat, the owner…

The White House bust-up between Donald Trump and Volodymyr Zelenskyy — leading to a US decision to suspend military aid to Ukraine — was triggered by an exchange over the terms of a possible ceasefire, with the Ukrainian leader demanding security guarantees to deter Russia from attacking again. The US president on Monday dismissed concerns…

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Professor Eric Talley may soon have a surprise summer project: a major rewrite of his long-running syllabus for his core class on corporate law at Columbia Law School. The standards for US mergers…

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Global government borrowing is expected to reach a record $12.3tn this year, as a rise in defence and other spending by major economies and higher interest rates combine to push up debt levels. The 3…