Category: News
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Syrian rebels sweep into Aleppo after lightning assault
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rebel forces have swept into Syria’s second city Aleppo after mounting a lightning offensive that poses the biggest threat to Bashar al-Assad’s regime in the simmering years-long civil conflict. Images circulated on Friday night on…
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Sinn Féin takes narrow lead in Ireland general election exit poll
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ireland’s nationalist Sinn Féin party overtook its political rivals to win 21.1 per cent in Friday’s general election, according to an exit poll, in a photo finish to a tight race. The conservative Fine Gael…
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UK MPs back bill to legalise assisted dying
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s MPs have voted to legalise assisted dying after an emotional and momentous House of Commons debate, heralding one of the biggest social changes the country has seen in decades. The vote to change the…
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Migration to rich countries hits record high in 2023
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Legal migration to some of the world’s richest countries reached an all-time high in 2023, sparking a voter backlash against governments despite the trend boosting growth and job creation. Roughly 6.5mn people moved…
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Net migration to the UK hit record 900,000 in 2023
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Net immigration to the UK exceeded 900,000 for the year to June 2023, the highest annual total on record and much more than previously thought, according to official figures issued on Thursday. The revised Office…
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BlackRock has deal to buy private credit manager HPS
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has a handshake deal to buy HPS Investment Partners, as the world’s largest asset manager looks to bolster its alternative investment business with the addition of one of the biggest private credit groups on…
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French markets hit by threat of government collapse
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French sovereign bonds and stocks fell on Wednesday as concerns intensified among investors that a dispute over a belt-tightening draft budget could bring down Prime Minister Michel Barnier’s government. The sell-off pushed the gap between 10-year French…
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Ceasefire deal reached in Israel-Lebanon war
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli Prime Minister Benjamin Netanyahu has announced plans for a ceasefire with Hizbollah, raising hopes of an end to the year-long hostilities between Israeli forces and the Lebanese militant group. In a pre-recorded television address…
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Mexico hits back as Trump’s tariff threat shakes markets
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Mexico’s president Claudia Sheinbaum hinted at retaliation over US president-elect Donald Trump’s proposed tariffs on her nation’s exports on Tuesday as the peso slid against the dollar. Trump vowed on Monday night to…
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Trump says he will hit China, Canada and Mexico with new tariffs
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has said he will levy tariffs of 25 per cent on all US imports from Canada and Mexico, and an extra 10 per cent tariff on Chinese goods, in retaliation for…
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Dollar falls after Trump names Bessent to Treasury role
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US dollar weakened and Treasuries rallied on Monday as the nomination of Scott Bessent as Treasury secretary eased investor fears over president-elect Donald Trump’s trade tariff plans. The dollar index, which tracks a basket…
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Huawei to launch phone with own software in sign of China-US splintering
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s national technology champion Huawei is poised to launch its first flagship phone that can run its own apps on a fully homegrown operating system, in the latest sign of how technology is splintering into…
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Russia recruits Yemeni mercenaries to fight in Ukraine
Russia’s armed forces have recruited hundreds of Yemeni men to fight in Ukraine, brought by a shadowy trafficking operation that highlights the growing links between Moscow and the Houthi rebel group. Yemeni recruits who travelled to Russia told the Financial Times they were promised high salaried employment and even Russian citizenship. When they arrived with…
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Goldman Sachs takes $900mn hit on Northvolt investment
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Funds managed by Goldman Sachs will write off almost $900mn after Swedish battery maker Northvolt filed for Chapter 11 bankruptcy this week. Goldman’s private equity funds have at least $896mn in exposure to Northvolt, making…
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‘Sigh of relief’: Wall Street welcomes Trump’s pick of Bessent for Treasury
Scott Bessent sat directly to Donald Trump’s left as the then presidential candidate laid out his economic agenda to a roomful of Wall Street bigwigs at the Economic Club of New York in September. Following his nomination to the top job at the US Treasury department, Bessent will now move into the spotlight as the…
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Trump picks Scott Bessent as Treasury secretary
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has picked Scott Bessent to be his US Treasury secretary, nominating one of his biggest financial backers as the top economic official of his second administration, according to five people familiar…
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Northvolt chief resigns a day after battery maker collapses into bankruptcy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson took responsibility for the dramatic collapse during a town-hall meeting with employees on Friday morning,…
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Matt Gaetz withdraws as Trump’s nominee for US attorney-general
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Matt Gaetz has withdrawn his name from consideration for US attorney-general, in a blow to Donald Trump after the president-elect made the controversial former congressman his pick to run the Department of Justice.…
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Russia fires intercontinental ballistic missile at Ukraine for first time, Kyiv says
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has fired an intercontinental ballistic missile for the first time since its full-scale invasion of Ukraine in 2022, following days of escalation in the conflict. Ukrainian air defence forces said the missile, which…
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Gautam Adani indicted in the US for alleged bribery scheme
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indian billionaire Gautam Adani has been charged by federal prosecutors in New York over an alleged years-long scheme to bribe Indian officials in exchange for billions of dollars’ worth of solar power contracts and concealing…