FT News Briefing

America's dollar stores get a makeover

24 Apr 2023

Contributed by Lukas

Santander is trying to poach some of Credit Suisse’s most senior investment bankers, UK prime minister Rishi Sunak looks to establish calm after dep...

Introducing Behind the Money: Night School

22 Apr 2023

Contributed by Lukas

There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, ...

Credit Suisse bondholders sue

21 Apr 2023

Contributed by Lukas

Regional banks across the US have largely stopped the massive outflow of deposits after the collapse of Silicon Valley Bank, investors representing $4...

Ukraine pleads for air defence missiles

20 Apr 2023

Contributed by Lukas

Natural gas consumption in the EU fell almost 18 per cent in the past eight months, Ukraine will plead for urgent shipments of surface-to-air missiles...

The TikTok divide

19 Apr 2023

Contributed by Lukas

Rupert Murdoch’s Fox has agreed to pay $787.5mn to settle a landmark defamation case, Bank of America emerged from banking turmoil with higher first...

A power struggle in Sudan

18 Apr 2023

Contributed by Lukas

Apple and Goldman Sachs launched a new savings account with an interest rate more than 10 times the national average, a Chinese genetics company said ...

Turkey’s voters lose faith in Erdogan

17 Apr 2023

Contributed by Lukas

Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year, one of Charles Schwab’s l...

The quantum revolution: The way the world is

15 Apr 2023

Contributed by Lukas

In the final episode of this Tech Tonic series, we hear how radical quantum ideas are reshaping our fundamental understanding of the universe. Nobel P...

Open AI’s ‘red team’

14 Apr 2023

Contributed by Lukas

BP has started pumping crude through a new $9bn offshore platform as it slows its transition out of fossil fuels, global equities have recovered from ...

Emerging markets debt crunch

13 Apr 2023

Contributed by Lukas

Donald Trump is suing his former lawyer Michael Cohen, an uptick in core prices in the US is keeping pressure on the Federal Reserve to push ahead wit...

EY: Breaking up is hard to do

12 Apr 2023

Contributed by Lukas

EY has scrapped plans to break up its audit and consulting businesses, the IMF has warned the global economy could be in for a “hard landing”, and...

Rise of the Russian informer

11 Apr 2023

Contributed by Lukas

Companies on the S&P 500 index are expected to report a 6.8 per cent decline in first-quarter earnings, Eli Lilly’s CEO told the Financial T...

The rising influence of Mrs Assad

10 Apr 2023

Contributed by Lukas

China’s financial sector is reeling from a series of new corruption probes and the FT’s Middle East correspondent, Raya Jalabi, explains how Syria...

The quantum revolution: Brain waves

08 Apr 2023

Contributed by Lukas

Quantum computers aren’t the only form of groundbreaking technology that use quantum physics. Madhumita Murgia hears from Dr. Margot Taylor, ne...

Ukraine’s plans for Crimea

06 Apr 2023

Contributed by Lukas

Brands keep spending on TikTok despite a threat by the US to ban the social media app, KKR is looking to buy a large stake in FGS Global, and Ukraine ...

Trump pleads not guilty

05 Apr 2023

Contributed by Lukas

Former US president Donald Trump pleaded not guilty to 34 felony charges in court on Tuesday, Credit Suisse held its last annual general meeting, and ...

EU pressures China to help end war in Ukraine

04 Apr 2023

Contributed by Lukas

The president of the European Commission has called on Beijing to play a “constructive” role in bringing peace to Ukraine, EY has been banned from...

The cases against Trump

03 Apr 2023

Contributed by Lukas

Former President Donald Trump will turn himself in to New York prosecutors on Tuesday, Saudi Arabia and other members of the Opec+ group announced sur...

The quantum revolution: First port of call

01 Apr 2023

Contributed by Lukas

The Port of Los Angeles is one of the world’s busiest — and most inefficient. It’s now using an early quantum computing application to help solv...

Oleksandr Gryban: Investing in Ukraine’s future

31 Mar 2023

Contributed by Lukas

Donald Trump has been indicted in what is the first criminal charges against a former US president in the country’s history, Ukraine’s deputy econ...

Binance hid links to China

30 Mar 2023

Contributed by Lukas

Social media giant Meta is deliberating a company-wide ban on political advertising in Europe, crypto exchange Binance hid substantial links to China,...

Beijing’s big bailouts

29 Mar 2023

Contributed by Lukas

JP Morgan CEO Jamie Dimon will testify about his bank’s relationship with Jeffrey Epstein, the Middle East is enjoying an IPO boom, China has expand...

Israel’s PM Netanyahu agrees to postpone judicial reforms

28 Mar 2023

Contributed by Lukas

Israeli prime minister Benjamin Netanyahu has postponed a bitterly contested judicial overhaul, the first consignment of German Leopard 2 tanks has re...

Money market madness

27 Mar 2023

Contributed by Lukas

Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, sen...

The quantum revolution: ‘Spooky action’

25 Mar 2023

Contributed by Lukas

 In this episode, Tech Tonic dives into the science at the heart of quantum computing. How do technologists use unexplained subatomic phenomena t...

A congressional TikTok smackdown

24 Mar 2023

Contributed by Lukas

TikTok’s CEO faced bruising questioning in US Congress over the social media app’s links to its Chinese parent company ByteDance, short seller Hin...

The Fed passes on a pause

23 Mar 2023

Contributed by Lukas

The US Federal Reserve pressed ahead with its monetary tightening campaign despite the recent turmoil in the banking sector and the FT’s Andrew Jack...

Banking crisis complicates interest rate decisions

22 Mar 2023

Contributed by Lukas

The IMF has struck a deal with Ukraine to provide a $15.6bn loan, some former central bankers say pausing rate increases because of the banking s...

Will a $3bn bailout be enough for Sri Lanka?

21 Mar 2023

Contributed by Lukas

The IMF’s board has finally backed a $3bn bailout for Sri Lanka to help relieve a ‘catastrophic’ economic and social crisis, shares in Firs...

UBS agrees to buy Credit Suisse

20 Mar 2023

Contributed by Lukas

UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fre...

The quantum revolution: The race to build a quantum computer

19 Mar 2023

Contributed by Lukas

Tech companies including Google, Microsoft and IBM are all working on plans for a commercially viable quantum computer. They say that these machines w...

Wall Street banks rescue First Republic

17 Mar 2023

Contributed by Lukas

The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances, the European Central Bank h...

Swiss central bank backs Credit Suisse

16 Mar 2023

Contributed by Lukas

The Swiss central bank said it would provide a liquidity backstop to Credit Suisse, UK chancellor Jeremy Hunt unveiled a Budget that includes a £4bn ...

The Fed’s SVB balancing act

15 Mar 2023

Contributed by Lukas

The world’s largest private investment firms are exploring the purchase of loans from the remains of Silicon Valley Bank, the Federal Reserve is cau...

SVB jitters spread to global markets

14 Mar 2023

Contributed by Lukas

The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, an...

SVB’s cardinal sin

13 Mar 2023

Contributed by Lukas

The Federal Deposit Insurance Corporation is leading an auction to find a potential buyer for Silicon Valley Bank after the US government said it woul...

The quantum revolution: Q-Day

11 Mar 2023

Contributed by Lukas

In the cybersecurity world they call it Q-Day, the day when a quantum computer will be built that can break the encryption of the internet.John Thornh...

Silicon Valley Bank rattles Wall Street

10 Mar 2023

Contributed by Lukas

A US bank index suffered the worst one-day fall in market value since June 2020, the first France-UK summit in five years will focus on resetting rela...

Britain’s stuck economy

09 Mar 2023

Contributed by Lukas

EY employees were told that the plan to spin off the consulting business needs to be reworked, and Chinese president Xi Jinping is preparing to shore ...

How Hindenburg shorted Adani

08 Mar 2023

Contributed by Lukas

Jay Powell warned US lawmakers that the Federal Reserve is prepared to return to bigger interest rate rises to fight inflation, and the US gender pay ...

FTX trading arm sues Grayscale

07 Mar 2023

Contributed by Lukas

FTX affiliate Alameda has sued crypto investment company Grayscale and its owner over the structure of their large bitcoin and ethereum trusts, Chines...

China’s military spending to outpace economic growth

06 Mar 2023

Contributed by Lukas

Huawei is lobbying to build the Malaysian government’s 5G network, China will aim for an economic expansion of “around 5 per cent” for 2023, Isr...

Introducing Tech Tonic Season 6: The Quantum Revolution

03 Mar 2023

Contributed by Lukas

Tech companies and labs around the world are building a revolutionary new computer. Quantum computers harness the mysteries of quantum physics to perf...

London Stock Exchange gets the cold shoulder

03 Mar 2023

Contributed by Lukas

The US will launch a renewed crackdown on countries that are helping the Kremlin evade western sanctions, the world’s largest building materials gro...

Salesforce catches a break

02 Mar 2023

Contributed by Lukas

Salesforce reported better than expected earnings on Wednesday amid a fight with activist investors, Bridgewater Associates is set to cut about eight ...

Goldman’s big bet

01 Mar 2023

Contributed by Lukas

Goldman Sachs is going all in on asset management, Nigeria’s opposition parties are calling for a rerun of the presidential election over the weeken...

A big step for Brexit

28 Feb 2023

Contributed by Lukas

Shell’s top executives explored moving the company to the US, and Britain and the EU clinched a deal on Monday to settle their dispute over Northern...

The future of the World Bank

27 Feb 2023

Contributed by Lukas

Major US employers are reporting a dramatic improvement in hiring conditions despite official data, and the FT’s Aime Williams tells us what the Wor...

Ukrainian filmmaker Nadia Parfan on art and resistance

24 Feb 2023

Contributed by Lukas

Nadia Parfan was travelling outside Ukraine when Russia invaded on February 24. Instead of remaining abroad, Parfan returned to her homeland, fearing ...

Life in a war zone

23 Feb 2023

Contributed by Lukas

It’s been a year since Russia’s full-scale invasion of Ukraine. Ukraine MP Lesia Vasylenko describes waking up in a war zone that day and she argu...

The economics of Russia’s war in Ukraine

22 Feb 2023

Contributed by Lukas

Investors are betting the European Central Bank will raise interest rates to all-time highs, and the FT’s Ben Hall explains the impact of the war in...

Russia’s ‘second front’

21 Feb 2023

Contributed by Lukas

Consumer confidence in the eurozone is up, Moscow is buying influence in Africa on the cheap, and the FT’s Henry Foy explains how the war in Ukraine...

Biden in Poland for Ukraine war anniversary

20 Feb 2023

Contributed by Lukas

US President Joe Biden travels to Poland to mark one year since Moscow invaded Ukraine, the FT’s Felicia Schwartz discusses US response to the war o...

Nigeria’s ‘democracy generation’

17 Feb 2023

Contributed by Lukas

YouTube chief executive Susan Wojcicki is stepping down, the Pentagon is reviewing its weapons stockpiles after seeing how quickly ammunition has been...

The SEC’s crypto crackdown

16 Feb 2023

Contributed by Lukas

World Bank president David Malpass will step down from his post at the end of June, US authorities have begun the year looking to further crack down o...

Dispatch from northwest Syria

15 Feb 2023

Contributed by Lukas

US inflation declined in January though less than expected, Turkey’s president faces a backlash for an amnesty programme that forgave faults in mill...

US regulators go after non-competes

14 Feb 2023

Contributed by Lukas

Nigeria’s highest court slapped a temporary ban on the plan to replace the country’s largest currency notes, and US regulators may ban non-compete...

Syrian refugees in Turkey face rising hostility

13 Feb 2023

Contributed by Lukas

The earthquake in Turkey has worsened the plight of Syrian refugees who already face rising hostility, YouTube has rolled out a revenue sharing scheme...

Credit Suisse’s big slump

10 Feb 2023

Contributed by Lukas

China has pulled back from an internet pipeline connecting Asia with Europe, activist investor Nelson Peltz has called off his fight against Disney, a...

Disney to axe 7,000 jobs

09 Feb 2023

Contributed by Lukas

Disney plans to cut 7,000 jobs to reduce costs, the UK competition regulator said Microsoft’s acquisition of video game maker Activision Blizzard wo...

Adani scrambles to reassure investors

08 Feb 2023

Contributed by Lukas

Federal Reserve chair Jay Powell said on Tuesday that reducing inflation would take a “significant period of time”, Turkey declared a state of eme...

The jig is up for the Texas two-step

07 Feb 2023

Contributed by Lukas

The UK Treasury and Bank of England are designing a “digital pound”, Google revealed plans on Monday to launch a chatbot to rival OpenAI’s popul...

Unhedged’s Rob Armstrong on a puzzling US economy

06 Feb 2023

Contributed by Lukas

The US donor network led by billionaire industrialist Charles Koch has signalled it will oppose Donald Trump’s bid to secure the 2024 Republican pre...

Markets’ dove-coloured glasses

03 Feb 2023

Contributed by Lukas

Big Tech companies reported earnings lacklustre yesterday, equities markets ended Thursday higher despite central banks tightening monetary policy,&nb...

Federal Reserve slows pace of rate rises

02 Feb 2023

Contributed by Lukas

The US Federal Reserve increased its benchmark interest rate by a quarter of a percentage point on Wednesday, Adani Enterprises called off its $2.4bn ...

Do meme 'stonks' still stink?

01 Feb 2023

Contributed by Lukas

Hundreds of thousands of UK public sector workers set to walk out on Wednesday in co-ordinated action, the EU is set to unveil a draft plan today that...

Renault and Nissan reach a deal to save alliance

31 Jan 2023

Contributed by Lukas

The International Monetary Fund says that global economic growth has proven “surprisingly resilient” in its latest forecast, Renault and Nissan re...

Nelson Peltz versus Disney

30 Jan 2023

Contributed by Lukas

India’s Adani Group has published an angry rebuttal of allegations of wrongdoing by short seller Hindenburg Research that wiped more than $50bn from...

Nigeria’s $11bn court challenge

27 Jan 2023

Contributed by Lukas

UK chancellor Jeremy Hunt will on Friday take on rightwing Tory MPs by rejecting calls for big tax cuts in his Budget, Brazil and Argentina’s leftwi...

Tesla sees a bumpy road ahead

26 Jan 2023

Contributed by Lukas

Tesla reported record revenues last quarter, the Bank of Canada signalled it would pause interest rate rises, and trillions of dollars each day are gu...

Microsoft cloud business holds up

25 Jan 2023

Contributed by Lukas

Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts...

Germany’s tank dilemma

24 Jan 2023

Contributed by Lukas

Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectivel...

A Latin American common currency?

23 Jan 2023

Contributed by Lukas

Brazil and Argentina will this week announce that they are starting preparatory work on a common currency, advisers to western banks trying to exit Ru...

Netflix's CEO steps down

20 Jan 2023

Contributed by Lukas

Reed Hastings is stepping down as chief executive of Netflix, central bankers are making it clear to investors that they’re going to keep raising in...

US expected to hit debt ceiling

19 Jan 2023

Contributed by Lukas

The US is set to hit the debt ceiling today and Microsoft plans to cut 10,000 jobs to bring down costs. Plus, the FT’s Katie Martin reports from Dav...

Beijing’s new tech control strategy

18 Jan 2023

Contributed by Lukas

Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies...

Berlin beats back Big Tech

17 Jan 2023

Contributed by Lukas

US Treasury secretary Janet Yellen will meet her Chinese counterpart Liu He in Zurich this week, a former Russian paramilitary soldier has promised to...

The FT heads to Davos

16 Jan 2023

Contributed by Lukas

Demand for ‘buy now, pay later’ deals has surged among all age groups in the UK, US regulators are cracking down on a type of investment vehicle u...

Pakistan’s debt crisis

13 Jan 2023

Contributed by Lukas

Annual US inflation fell in December to its lowest level in more than a year, and Sweden’s state-owned mining company LKAB has said it has discovere...

Moscow’s military reshuffle

12 Jan 2023

Contributed by Lukas

Brussels is stockpiling drugs and obliging manufacturers to guarantee supplies, and Russian forces are stepping up attacks on the Ukrainian town of So...

Toyota’s EV struggle

11 Jan 2023

Contributed by Lukas

UK staffers fired by Twitter claim their dismissals were conducted unlawfully, BioNTech has agreed to buy UK artificial intelligence start-up InstaDee...

White House under pressure to expel Bolsonaro

10 Jan 2023

Contributed by Lukas

The White House is facing calls from the US Congress to expel former Brazilian president Jair Bolsonaro after Sunday’s insurrection, France is set t...

Bolsonaro supporters storm Brazil’s capital

09 Jan 2023

Contributed by Lukas

Thousands of supporters of Brazil’s former rightwing president Jair Bolsonaro stormed the country’s capital, and America’s biggest banks are set...

Crypto bank’s ‘crisis of confidence’

06 Jan 2023

Contributed by Lukas

The pace of US jobs growth is set to have slowed further in December, and clients pulled $8.1bn in deposits from crypto-focused US bank Silvergate lat...

Falling inflation in Europe

05 Jan 2023

Contributed by Lukas

IMF deputy managing director says the Federal Reserve shouldn’t declare victory against inflation just yet, inflation in Europe is falling, and the ...

Apple and Tesla start 2023 on the wrong foot

04 Jan 2023

Contributed by Lukas

Downing Street says Britons could struggle to access healthcare this winter, Tesla and Apple shares both fell because of production issues in China, a...

How did 2% become the magic inflation target?

03 Jan 2023

Contributed by Lukas

Economists say the UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, and The Netherlands may be the first ...

Bankman-Fried’s $250mn bail

23 Dec 2022

Contributed by Lukas

FTX founder Sam Bankman-Fried’s bail is set at $250mn, Wall Street stocks slide after a round of upbeat economic data was released, and the FT’s A...

UK childcare in crisis

22 Dec 2022

Contributed by Lukas

Big Tech groups are ditching offices that are part of their European headquarters to cut costs and Tesla has fallen below ExxonMobil in stock market v...

Bank of Japan stuns markets

21 Dec 2022

Contributed by Lukas

The Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, and a group of FTX customers will try to ...

Wirecard on trial

20 Dec 2022

Contributed by Lukas

US regulators settled a record breaking case against the maker of video game Fortnite, a former Wirecard executive told a Munich court that the collap...

India ramps up lending to counter China

19 Dec 2022

Contributed by Lukas

EU member states have reached a deal on the world’s first major carbon border tax, New Delhi has stepped up spending on infrastructure in neighbouri...

Britain’s nurses launch historic strike

16 Dec 2022

Contributed by Lukas

Global stocks tumbled after a broad group of central banks raised interest rates, and nurses in England, Wales and Northern Ireland went on strik...

Fed enters a new phase

15 Dec 2022

Contributed by Lukas

The Federal Reserve slowed the pace of its interest rate increases, western sanctions are causing a steady degradation, rather than a dramatic collaps...

Former FTX chief charged with fraud

14 Dec 2022

Contributed by Lukas

US inflation slowed for the second month in a row, the US has formally charged former FTX chief executive, Sam Bankman-Fried, with criminal conspiracy...

Sam Bankman-Fried arrested in Bahamas

13 Dec 2022

Contributed by Lukas

Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting h...

Spyware maker NSO hopes for a comeback

12 Dec 2022

Contributed by Lukas

Environmental group Greenpeace has started legal proceedings against the UK government to try and block new North Sea oil and gas exploration licences...

FTC hits pause button on video game deal

09 Dec 2022

Contributed by Lukas

The US Federal Trade Commission says it will sue to block Microsoft’s $75bn acquisition of video game maker Activision Blizzard, and KLM’s chief e...

Political turmoil in Peru

08 Dec 2022

Contributed by Lukas

The US bond market is signalling that investors expect the Federal Reserve to stay the course in its battle to tame inflation, Peru’s congress impea...

China’s next stage of the pandemic

07 Dec 2022

Contributed by Lukas

US stocks slid and the price of Brent crude touched its lowest level since January, and China’s elderly are causing challenges for president Xi Jinp...