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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. Republican and Democratic leaders on Capitol Hill have reached an agreement on the level of federal spending for 2024, in a breakthrough that moves Congress closer to avoiding a costly government shutdown. The news was

The burnt-out wreckage of a Japan Airlines plane at Tokyo’s Haneda airport was a sobering reminder that many of aviation’s worst accidents happen on the ground rather than in the air. Safety investigators spent the week probing the sequence of events that led to a collision between the JAL Airbus A350 and a smaller coastguard

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US federal regulators have temporarily grounded some Boeing 737 Max planes in American airspace after a section of an Alaska Airlines jet blew out in mid-air. The emergency directive from the US Federal Aviation Administration

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Supreme Court has agreed to consider whether Colorado can ban Donald Trump from the presidential ballot, setting the stage for a potentially landmark legal decision and political firestorm that will have major implications

Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The share of electric cars sold in the UK fell for the first time last year, casting doubt over whether manufacturers will meet binding new green targets and prompting industry calls for tax cuts. Electric

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British politicians should be wary of provoking a backlash in financial markets by increasing borrowing too quickly, the outgoing head of the UK’s Debt Management Office has said, ahead of a general election expected this

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than two-thirds of a UK government fund aimed at unlocking hundreds of thousands of new homes in England remains unspent more than six years after its launch, despite the chronic shortage of housing. The

UK voters will enjoy higher wages but continue to struggle with mortgages and rent ahead of the next election as the cost of living crisis gives way to an uneven “grey gloom”, according to a Financial Times economists survey. A majority of the 90 respondents to the FT’s annual poll of leading UK-based economists said

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than a billion dollars worth of Pfizer’s Covid-19 antiviral drugs procured in Europe have been wasted, according to health data, as tight controls over who can receive the medication left millions of doses unused

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US law firms are ending 2023 with pay rises and bonuses as they try to compete with rivals in spite of a slump in demand, though some lawyers face a cut to payouts if they

Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets are set to record their strongest year since 2019 following a blistering two-month rally as investors bet that major central banks have finished raising interest rates and will cut them rapidly next year.

Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. European banks have received a €100bn windfall from rising interest rates over the past two years, but the long-awaited boost has failed to close a persistent valuation gap. Net interest income (NII) climbed from €270bn

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Nearly nine-tenths of the foreign money that flowed into China’s stock market in 2023 has already left, spurred by mounting doubts about Beijing’s willingness to take serious action to boost flagging growth. Since

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU is preparing a back-up plan worth up to €20bn for Ukraine, using a debt structure that sidesteps the objections of Hungary’s Viktor Orbán about funding the war-torn country. After EU leaders failed

Global banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the financial crisis and reversing much of their hiring as they emerged from the Covid-19 pandemic. Investment banks suffered a second consecutive year of plummeting fees as dealmaking and public listings dried up, leaving Wall Street trying

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s Prime Minister Benjamin Netanyahu has vowed to fight on in the war against Hamas, despite a mounting death toll and growing international calls to alleviate the humanitarian suffering in the Palestinian enclave and halt

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers.  Real estate deal-making collapsed this

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. The measure of inflation preferred by US rate setters fell by more than expected in November, bolstering investor expectations of rate cuts next year. The core personal consumption expenditures price index showed prices rose by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has raised the prospect of the Bank of England reducing interest rates in 2024, saying a cut would be a crucial moment in shifting the economic mood in what is expected to be

Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The UK and US are tightening rules around the shipping of Russian oil in an attempt to make it harder for Moscow to circumvent the so-called price cap, a policy aimed at squeezing