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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 Industrial and Commercial Bank of China is trying to minimise losses after a ransomware attack on the country’s biggest bank disrupted the market for US Treasuries, the Chinese foreign ministry said. At a briefing

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A ransomware attack on the Industrial and Commercial Bank of China has disrupted the US Treasury market, according to market participants. The Securities Industry and Financial Markets Association told members on Thursday that ICBC, China’s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. SoftBank was forced to wire $1.5bn to Goldman Sachs and other lenders days before WeWork filed for bankruptcy, as the cost of one of the worst venture capital investments in history has continued to mount

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Short-term UK gilts rallied sharply on Tuesday as traders seized on comments from a senior Bank of England policymaker suggesting it may be willing to consider interest rate cuts in the middle of next year.  The

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump downplayed the importance of the financial statements at the centre of a civil fraud lawsuit as he testified about his finances and business empire in an extraordinary legal and political spectacle. “They were

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Palestinian officials in Hamas-controlled Gaza accused Israel of launching an air strike on a refugee camp in the besieged strip that they said killed dozens of people, as the US and Israel rejected calls from

US secretary of state Antony Blinken was set to meet Arab envoys in Jordan on Saturday as fierce battles raged between Israeli forces and Hamas fighters on the outskirts of Gaza City. The fighting picked up pace after Israeli prime minister Benjamin Netanyahu rejected a US plea on Friday for a “humanitarian pause” to allow

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jobs growth in the US slowed sharply in October, according to a fresh labour market report that is likely to shape interest rate expectations for the world’s biggest economy. US employers added 150,000 new roles

Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England has kept interest rates on hold at 5.25 per cent for the second successive meeting and warned monetary policy will need to stay restrictive for “an extended period of time”

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European private equity firm CVC Capital Partners has postponed plans to float until next year because of market turbulence, according to two people with direct knowledge of the decision. The delay to CVC’s plans to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Odey Asset Management is to close five months after allegations of sexual assault and harassment against its founder Crispin Odey plunged one of London’s oldest hedge fund groups into crisis. “Odey Asset Management, including Brook

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel expanded its ground operations in Gaza, bombed targets in Syria and carried out a raid in the occupied West Bank overnight, as its war with Hamas militants sent tensions rising across the Middle East.

Israel has pressed on with its ground offensive in Gaza for a second night as prime minister Benjamin Netanyahu said the country had launched a new phase of its “long and hard” war to destroy Hamas. Daniel Hagari, IDF spokesman, said on Sunday that Israel had sent more troops into Gaza overnight and combat operations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said its Gaza offensive was “advancing” after fighting through the night in a significantly expanded ground operation under the cover of an intense aerial bombardment that has knocked out most communications in the enclave.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan chief executive Jamie Dimon will sell 1mn shares in the bank next year, the first time he has reduced his personal stake in the group since joining nearly two decades ago. At current market

Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US economy expanded faster than expected in the third quarter, growing at its quickest pace in almost two years in the latest sign of the country’s economic resilience in the face of high interest

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The main UN agency bringing humanitarian aid to Gaza has said it will run out of fuel in less than a day, threatening its ability to help roughly 1mn people displaced by the war in

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK will on Tuesday confirm that it is scrapping the cap on bankers’ bonuses that was inherited from the EU as part of its post-Brexit push to boost the City of London, according to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chevron has agreed to buy US oil and gas producer Hess Corporation in a $53bn all-stock deal, in the latest step in the consolidation of the US energy sector. The deal values Hess’s equity at

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US said it was sending more advanced weapons systems to the Middle East and the Israeli military warned Lebanon to rein in the militant group Hizbollah, reflecting growing concerns that Israel’s war against Hamas