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Donald Trump is still weeks away from taking the oath of office, but the president-elect’s vow to enact a sweeping policy overhaul is already looming large over the Federal Reserve. The Fed trimmed interest rates by a quarter of a percentage point on Wednesday in its third consecutive reduction, but officials’ projections for half as
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Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated to 2.6 per cent in November, in line with analysts’ predictions, cementing expectations that the Bank of England will hold rates steady at its meeting on Thursday. The year-on-year rise in the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Russian general has died after a bomb went off at the entrance to his home in Moscow early on Tuesday, investigators said, killing him and his assistant. Russia’s Investigative Committee, a major crimes
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Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’  Having tagged America’s inordinately large share of global financial markets as “the mother of all bubbles” in my last
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On a recent Friday morning in Alianza Industrial Park, dust billowed up as diggers and lorries cleared land near a site for Chinese tyre maker ZC Rubber. A crane was poised to lift material for lithium and lead battery maker Leoch. A sign at its entrance welcomed another new firm in Mandarin and English. Germany’s
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has evacuated at least 400 soldiers from the Damascus region in recent days in co-ordination with the main rebel faction that toppled Bashar al-Assad’s regime, an official from the group said. The soldiers had
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Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia. The Financial Times has uncovered records showing that Assad’s regime, while desperately short of foreign currency, flew banknotes
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s defence minister told troops to fortify their position in newly seized Syrian territory, making plans to send in reinforcements and equipment despite UN demands that the country retreat immediately. Since rebels toppled Bashar al-Assad’s
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia appears to be withdrawing some of its Syria-based forces following the sudden fall of Bashar al-Assad’s regime, according to analysis of satellite photography and a Ukrainian intelligence assessment. Images captured by Maxar and Planet
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Uncharted: How to Navigate the Future’ Turnarounds are tougher than they look. The stories (always told backwards) suggest a single hero, usually male, rides into town, takes daring and
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world We will soon find out whether Donald Trump has changed his tune on the dollar. In his first term, the comeback president had a clear preference for a weaker buck. On one notable
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