FT News Briefing

A final goodbye to EY’s Project Everest?

28 Jun 2024

Contributed by Lukas

The US is inviting foreign ministers from Israel and Arab countries to the Nato summit next month, EY’s new global chief executive confirmed that th...

Protests push Kenya to abandon tax rises

27 Jun 2024

Contributed by Lukas

JPMorgan is adding India's sovereign debt to its emerging markets index, and violent protests in Kenya stopped its president from signing a bill that ...

Brussels strikes back against Big Tech

26 Jun 2024

Contributed by Lukas

Shares of electric vehicle start-up Rivian surged in extended trading after Volkswagen announced a plan to invest up to $5bn, global investment in cle...

UK’s wealthy foreigners look for the exits

25 Jun 2024

Contributed by Lukas

Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leavin...

India’s AI boom

24 Jun 2024

Contributed by Lukas

The EU has devised a legal workaround to sidestep Hungary’s veto on buying weapons for Ukraine, investment vehicles that scoop up risky loans are be...

Martin Wolf and Fiona Hill on democracy’s year of peril

23 Jun 2024

Contributed by Lukas

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, and in many places, pop...

Swamp Notes: Biden’s climate agenda runs out of steam

22 Jun 2024

Contributed by Lukas

Americans have inflation and foreign policy on their minds this election. That means that President Joe Biden’s ambitious climate achievements aren’...

The shifting tectonic plates of UK politics

21 Jun 2024

Contributed by Lukas

Credit agencies have misrated more than $100bn of commercial real estate debt, new election polls suggest the UK could be in for a seismic political s...

Bank robberies in Gaza

20 Jun 2024

Contributed by Lukas

Hamas-backed militants orchestrate bank heists, the ECB raises alarm over Eurozone debt, Malaysia courts Chinese investment, and Softbank debuts “Em...

Nvidia claims top spot

19 Jun 2024

Contributed by Lukas

Nvidia capitalises on investor excitement over artificial intelligence, Japan’s TDK is claiming a breakthrough in materials used in its small solid-...

Mr OpenAI goes to Washington

18 Jun 2024

Contributed by Lukas

French business leaders are warming up to France’s far-right and Dubai is trying to optimise a cluster of unique, abandoned islands. Plus, the FT’...

Defence sector goes on a hiring spree

17 Jun 2024

Contributed by Lukas

Major defence companies are recruiting workers at the fastest rate since the end of the cold war, global leaders were able to reach a consensus on maj...

Martin Wolf and Raghuram Rajan on democracy’s year of peril

16 Jun 2024

Contributed by Lukas

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries and in many places, popu...

Swamp Notes: Elections across the Atlantic

15 Jun 2024

Contributed by Lukas

Margaret Thatcher’s election in 1979 foreshadowed Ronald Reagan’s a year later, and the Brexit vote in 2016 took place just months before Donald T...

The target painted on Chinese EVs

14 Jun 2024

Contributed by Lukas

Chinese electric vehicle makers look like they will survive the latest tariffs the EU announced this week, and UK Labour leader Sir Keir Starmer laid ...

Fed lays out rate cut plans

13 Jun 2024

Contributed by Lukas

The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securit...

Central banks are scooping up the US dollar

12 Jun 2024

Contributed by Lukas

Shari Redstone has ended talks with Skydance Media over a deal to control Paramount, the number of central banks seeking to increase their exposure to...

Can Apple catch up in the AI race?

11 Jun 2024

Contributed by Lukas

Apple on Monday said it has partnered with OpenAI to integrate ChatGPT into its devices, and private equity groups are snapping up US accounting firms...

Far right makes big gains in Europe

10 Jun 2024

Contributed by Lukas

Far right parties make significant gains in the European Union elections, opposition politician Benny Gantz has resigned from Israel’s emergency gov...

Martin Wolf and Anne Applebaum on democracy’s year of peril

09 Jun 2024

Contributed by Lukas

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal y...

Swamp Notes: Silicon Valley warms to Trump

08 Jun 2024

Contributed by Lukas

Few of Silicon Valley’s biggest names supported Donald Trump in 2016 or 2020. Now, some of them are holding multimillion- dollar fundraisers for him...

The European Central Bank’s cautious first step

07 Jun 2024

Contributed by Lukas

The European Central Bank has cut interest rates for the first time in nearly five years, and the European Commission will recommend the start of EU a...

The split road for South Africa

06 Jun 2024

Contributed by Lukas

Nvidia’s market value briefly rose past $3tn to overtake Apple as the world’s second-most valuable company, South Africa’s African National Cong...

Opec+’s production conundrum

05 Jun 2024

Contributed by Lukas

Gazprom is unlikely to recover gas sales lost as a result of Vladimir Putin’s full-scale invasion of Ukraine for at least a decade, India’s Prime ...

Investors to delivery apps: where’s my profit?

04 Jun 2024

Contributed by Lukas

US President Joe Biden is moving to sharply tighten immigration rules at the southern border with Mexico, Indian markets hit record highs after exit p...

Russia-China pipeline deal stalls

03 Jun 2024

Contributed by Lukas

Russia and China are deadlocked over a deal to build a gas pipeline connecting the two countries, far-right parties in Europe are gaining ground with ...

Martin Wolf and Robert Kagan on democracy’s year of peril

02 Jun 2024

Contributed by Lukas

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, making this a pivotal y...

Swamp Notes: The Trump verdict is in

01 Jun 2024

Contributed by Lukas

Former US president Donald Trump was found guilty on 34 felony charges of falsifying business records on Thursday, a first for any current or former A...

Donald Trump guilty on all counts

31 May 2024

Contributed by Lukas

Donald Trump has been found guilty of conspiring to buy the silence of a porn actor and Saudi Arabia is selling roughly $12bn worth of shares in its n...

Private equity now says sharing is caring

30 May 2024

Contributed by Lukas

Europe has only a fraction of the air defence capabilities needed to protect its eastern flank, BHP’s £39bn takeover bid for Anglo American has col...

A pivotal election for South Africa

29 May 2024

Contributed by Lukas

Hess shareholders approved a controversial takeover bid from Chevron, and South Africans vote today in the most contested election since the end of ap...

Behind the Money: Berkshire after Buffett

28 May 2024

Contributed by Lukas

This episode features a truncated version of a recent Behind the Money podcast as it travels to Omaha, Nebraska for Berkshire Hathaway’s annual shar...

The ECB readies for rate cuts

27 May 2024

Contributed by Lukas

The European Central Bank looks almost certain to be one of the first major central banks to cut rates, a tense dispute over Guyana is casting a shado...

Swamp Notes: Can you trust the polls?

25 May 2024

Contributed by Lukas

American voters still say the economy is their most important electoral issue, and a growing number are less than pleased with Joe Biden’s economic ...

Ukraine’s ‘Rosie the Riveter’ moment

24 May 2024

Contributed by Lukas

Elon Musk’s xAI has secured new backing from three Silicon Valley venture capital giants, women in Ukraine have increasingly stepped into roles men ...

Sunak’s early election gamble

23 May 2024

Contributed by Lukas

Rishi Sunak has taken a huge gamble by announcing a July 4 election, record sales of artificial intelligence chips sent Nvidia’s revenue soaring 262...

PwC’s Evergrande audit comes back to bite

22 May 2024

Contributed by Lukas

UK deputy prime minister Oliver Dowden went on a secret trip to the UAE, PwC is bracing for penalties over its audit of collapsed Chinese property dev...

ICC weighs stepping into Gaza conflict

21 May 2024

Contributed by Lukas

The death of Iranian President Ebrahim Raisi has dealt a shocking blow to the Islamic regime, and the public mood in advanced countries remains low as...

Niger’s first oil exports

20 May 2024

Contributed by Lukas

A helicopter carrying Iranian President Ebrahim Raisi crashed on Sunday, Niger is on the verge of becoming a regional oil major, and western countries...

FTNB Live! News Trivia at FT Weekend Fest

19 May 2024

Contributed by Lukas

A special live recording of the FT News Briefing at the FT Weekend Festival in Washington, DC on May 4, 2024. Our wonderful colleagues played a friend...

Swamp Notes: Trading tariffs for votes

18 May 2024

Contributed by Lukas

Joe Biden once criticised Donald Trump’s trade war with China, but things look a lot different in an election year. The FT’s US climate repor...

It’s all about the dollar

17 May 2024

Contributed by Lukas

The US Supreme Court rejects an existential legal challenge to the country’s top consumer finance watchdog, a $10bn US property fund is running low ...

The cult-like appeal of Modi

16 May 2024

Contributed by Lukas

The US inflation report sent stocks to record highs and Slovak Prime Minister Robert Fico was shot on Wednesday. Plus, the FT’s John Reed explains w...

Will investors buy Anglo American’s break-up plan?

15 May 2024

Contributed by Lukas

The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo America...

Indonesia’s nickel is a gold mine

14 May 2024

Contributed by Lukas

The carmaker behind Fiat and Peugeot is in talks to invest in Indonesian nickel, the meme-stock movement came back to life, and Chinese authorities ha...

Rishi Sunak tries to rally Conservatives

13 May 2024

Contributed by Lukas

UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups h...

Swamp Notes: The Fed’s political pressures

11 May 2024

Contributed by Lukas

The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Lu...

Pandemic winners turned losers

10 May 2024

Contributed by Lukas

Anglo American’s crucial South African shareholders are open to a takeover offer from BHP, Nippon Steel has vowed to push ahead with its $14.9bn acq...

Singapore wants to shake up its stock market

09 May 2024

Contributed by Lukas

Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countr...

Israel moves into Rafah

08 May 2024

Contributed by Lukas

Reddit's first-quarter earnings as a listed company surpass expectations, Israel threatened to expand its military operation in Rafah, and TikTok file...

Paramount’s a long way from its peak

07 May 2024

Contributed by Lukas

SoftBank is leading an investment of more than $1bn into a UK self-driving car start-up, and poppy and marijuana farming money is disappearing from ru...

Xi’s balancing act with Europe

06 May 2024

Contributed by Lukas

Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, the US and Europe disagree on how to manage Russia’...

Swamp Notes: The uproar at American universities

04 May 2024

Contributed by Lukas

Student-led protests against Israel’s war in Gaza have spread across the US in recent weeks, with demonstrators building tent encampments on univers...

The murky moves behind the yen

03 May 2024

Contributed by Lukas

Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US re...

Higher rates for even longer (and longer)

02 May 2024

Contributed by Lukas

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its mark...

Private equity’s green thumb

01 May 2024

Contributed by Lukas

Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playin...

Scotland’s first minister resigns

30 Apr 2024

Contributed by Lukas

Humza Yousaf is resigning as Scotland’s first minister, and WeWork’s senior creditors are poised to take control of the reorganised co-working spa...

Big Tech investors question AI pay-off

29 Apr 2024

Contributed by Lukas

Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that re...

Swamp Notes: The Supreme Court weighs presidential power

27 Apr 2024

Contributed by Lukas

The US Supreme Court set out to answer a big constitutional question on Thursday: can a president be charged for potential crimes committed while in o...

A mining industry mega-deal

26 Apr 2024

Contributed by Lukas

Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets...

What new US aid means for Ukraine

25 Apr 2024

Contributed by Lukas

Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment sup...

Spotify grows up

24 Apr 2024

Contributed by Lukas

Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and...

Taking the Byte out of TikTok

23 Apr 2024

Contributed by Lukas

The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock, ByteDance ready to ‘move to the courts’...

Beijing bets on manufacturing

22 Apr 2024

Contributed by Lukas

Tesla shareholders are bracing for the carmaker’s worst earnings performance in seven years, oil markets have remained steady as Middle East tension...

Swamp Notes: How do you win Pennsylvania?

20 Apr 2024

Contributed by Lukas

Both Donald Trump and Joe Biden made campaign stops last week in Pennsylvania, whose 19 electoral votes could decide the outcome of the 2024 election....

Big business bets on Modi

19 Apr 2024

Contributed by Lukas

Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is get...

AI’s electricity problem

18 Apr 2024

Contributed by Lukas

Iran is exporting more oil than at any time for the past six years, EU leaders are debating whether to unify the bloc’s fragmented capital markets, ...

A glow-up for China’s state-owned enterprises

17 Apr 2024

Contributed by Lukas

Andreessen Horowitz hauls in one of the largest funds since the downturn in the tech sector, stocks from China’s state-owned enterprises are faring ...

CVC hopes third time’s the charm

16 Apr 2024

Contributed by Lukas

Goldman Sachs surpasses profit estimates by almost $1bn, CVC’s revived listing plan follows years of internal discord over whether the PE firm shoul...

Israel debates retaliation against Iran

15 Apr 2024

Contributed by Lukas

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s g...

Swamp Notes: What’s the Republican party’s position on abortion?

13 Apr 2024

Contributed by Lukas

Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged ...

Prime money markets funds are in trouble

12 Apr 2024

Contributed by Lukas

Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new reg...

Higher for even longer

11 Apr 2024

Contributed by Lukas

Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Ba...

Ecuador’s ‘unprecedented’ Mexican embassy raid

10 Apr 2024

Contributed by Lukas

OpenAI and Meta are on the brink of releasing new artificial intelligence models, police in Ecuador stormed the Mexican embassy to arrest the former v...

TSMC doubles down on Arizona

09 Apr 2024

Contributed by Lukas

The US, UK and Australia on Monday said they were considering working with Japan in the trilateral Aukus security pact, the world’s biggest chipmake...

AI is coming for Google’s search

08 Apr 2024

Contributed by Lukas

Israel moves some of its troops from southern Gaza to prepare for an operation in the city of Rafah, Google is considering charging for AI-powered sea...

Swamp Notes: Inside Trump’s new inner circle

06 Apr 2024

Contributed by Lukas

Donald Trump’s first term as president featured mainstream Republican figures — respected military officials, centre-right policymakers, and neoli...

Pressure builds for early elections in Israel

05 Apr 2024

Contributed by Lukas

The supply of equity shares on the market is shrinking, more people in Israel are calling for early elections, and Prague says Russia is mounting cybe...

Tesla dip: blip or bust?

04 Apr 2024

Contributed by Lukas

Lower than expected eurozone inflation number bolsters expectations of ECB interest rate cuts by summer, People’s Liberation Army mobilisation units...

Thames Water hits the gutter

03 Apr 2024

Contributed by Lukas

Nato is trying to ‘Trump-proof’ funding for the war in Ukraine, Thames Water’s owners will start urgent restructuring talks, and birth rates are...

US and UK team up to study AI

02 Apr 2024

Contributed by Lukas

Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike, research institutes in the US and UK will work together ...

EU takes on fake news ahead of elections

01 Apr 2024

Contributed by Lukas

Online fake news and hybrid campaigns increase ahead of European elections, investors are concerned about President Lula’s interventions in the econ...

Sam Bankman-Fried gets 25 years in prison

29 Mar 2024

Contributed by Lukas

FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the cryptocurrency exchange, and Thames Water shareh...

A new day dawns for the yen

28 Mar 2024

Contributed by Lukas

The end of negative interest rates in Japan threatens to bring a new era of volatility for the yen, and Florida and Disney resolve a legal dispute. Pl...

Trump’s Truth Social hits the Nasdaq

27 Mar 2024

Contributed by Lukas

Shares in Donald Trump’s social media business soared following its New York market debut, and Visa and Mastercard have agreed to cut their US trans...

Why Russia was caught off guard

26 Mar 2024

Contributed by Lukas

The UN Security Council passed a resolution demanding a ceasefire in Gaza, the Ukraine war distracted Russian security forces from addressing Islamist...

India’s quid pro quo trade strategy

25 Mar 2024

Contributed by Lukas

US and Japan’s security alliance gets a makeover, a record amount of money has flooded into US corporate bond markets this year, and India is using ...

Swamp Notes: Is Maga good for Biden?

23 Mar 2024

Contributed by Lukas

Democrats have honed in on a novel campaign strategy over the past few election cycles: elevate Trump-backed candidates in GOP primaries, and then blo...

US prosecutors take a bite out of Apple

22 Mar 2024

Contributed by Lukas

Reddit shares soared during its public market debut, US prosecutors filed a landmark antitrust lawsuit against Apple, and the FT’s Sujeet Indap expl...

Why inflation is sticking around

21 Mar 2024

Contributed by Lukas

The west is focusing on new technology in nuclear energy to reduce reliance on Russia and carbon, and profits at Chinese ecommerce group PDD Holdings ...

Bank of Japan ditches negative rates

20 Mar 2024

Contributed by Lukas

Microsoft has hired the co-founder of Google’s DeepMind, the Bank of Japan raised interest rates for the first time since 2007, and leading European...

What Putin’s victory means for Russia

19 Mar 2024

Contributed by Lukas

Nvidia announced a new “superchip” and Vladimir Putin’s expected electoral victory is an inflection point for Russia. Plus, the FT’s Heba Sale...

It’s central bank week!

18 Mar 2024

Contributed by Lukas

Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Boa...

Swamp Notes: The play for union power

16 Mar 2024

Contributed by Lukas

Union workers used to be a reliable pillar of the Democratic party’s voting coalition. Then Donald Trump arrived on the scene. The FT’s global bus...

Can Telegram clean up its act?

15 Mar 2024

Contributed by Lukas

The UAE is in talks to invest in OpenAI’s chip- making business and an Uber courier makes an app to fight against the company’s algorithms. Plus, ...

Ukraine strikes targets deep in Russia

14 Mar 2024

Contributed by Lukas

Far-right firebrand Geert Wilders has conceded he will not become prime minister of the Netherlands, Ukraine has stepped up drone strikes on oil refin...

The surprise winner of the US-China chip wars

13 Mar 2024

Contributed by Lukas

The EU and US found some stop-gap funding for weapons for Ukraine, China is scrapping a number of infrastructure projects in indebted regions, and US ...

Reddit hits the road ahead of IPO

12 Mar 2024

Contributed by Lukas

Reddit’s public offering could set the tone for start-ups looking to list in 2024, and the EU wants to give Ukraine up to €3bn. Plus, there are ne...

What we learned from the collapse of SVB

11 Mar 2024

Contributed by Lukas

America’s regulators say new rules will help maintain the dominance of US Treasuries, and there are still weaknesses in regional banking a year afte...

Swamp Notes: Did Biden's State of the Union hit the mark?

09 Mar 2024

Contributed by Lukas

Joe Biden was in the spotlight this week as he made his annual State of the Union address. It was his chance to not only speak directly to the America...