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US politics & policy

White House reaches deal with Republicans to avert US debt default

Biden and McCarthy agree on terms to raise borrowing limit but must convince sceptical members of their parties

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Hedge funds raise bets against US stocks as debt deadline nears

The Long View. Deficits can matter, sometimes

How Nvidia created the chip powering the generative AI boom

Editor's picks

On Wall Street. Buffett’s intriguing bet on Japan

Mark Vandevelde

Skin in the Game. Weddings and divorce: the scourge of investment returns

Top stories

Some investors see bargains in tentative US regional bank recovery

Prices are cheap but many are hanging back for confirmation the sector has recovered from chaos of recent months

Investors expect higher interest rates as inflation pressures mount

Cyberweapon manufacturers plot to stay on the right side of US

Contrasting fates of Israeli spyware-makers Paragon and NSO reveal how American support is crucial in $12bn industry

Illumina accused by Brussels of ‘delay tactics’ on Grail divestiture

World’s biggest gene sequencing company rejects EU’s fast- track application

Beverly Hills voters reject LVMH luxury hotel on Rodeo Drive

Union opposition dooms Bernard Arnault plan for group’s first US hospitality project

Spotlight

‘War over water’: drought battle reaches luxury pools of southern France

Warming climate prompts ban on construction of new homes and swimming pools in hilltop Provence villages

The patronage network behind Erdoğan’s bid for third decade in power

A sprawling system of influence and state largesse helps to explain the Turkish president’s popularity with voters

Best of Weekend FT

HTSI. Inside the Hogwarts for horologists

The Lycée Edgar Faure is training a new generation of independent watchmakers

The world wobbles; the luxury industry strides on

Robert Armstrong

The Weekend Essay. Can AI make me a musical star?

As vocal clones of music’s biggest names go viral, the FT’s pop critic embarks on an unlikely quest to replicate his favourite singer’s voice

A stylist, yes, but Martin Amis was also right on the money

FT Series. Summer food and drink special 2023

Go forth and picnic. The 2023 special includes recipes for garden meals, a celebration of the art of the teenage picnic and an investigation into what castaways really eat

The futile pursuit of good taste

Most read

News

US-China trade dispute

US and China hold more trade talks despite strained ties

Meeting takes place just days after Joe Biden predicted a ‘thaw’ in relationship between superpowers

Jamie Dimon gathers business elite in Shanghai amid China-US tensions

Jeffrey Epstein

JPMorgan’s Jamie Dimon denies involvement with Jeffrey Epstein

Bank boss gave sworn testimony in cases over its relationship with late sex offender

JPMorgan allowed to access Epstein accuser’s statements to prosecutors

Wim Dejonghe: the Belgian rainmaker sealing A&O’s deal with Shearman

The magic circle law firm’s senior partner has long held ambitions for a transatlantic merger

Lazard appoints Peter Orszag as chief executive

The Big Read. Is COP28 destined to be a flop?

A growing number of western politicians are concerned this year’s UN climate summit in the UAE will be too beholden to the oil and gas industry

Australian politics

Racial abuse of veteran indigenous Australian journalist triggers uproar

Targeting of Stan Grant highlights tensions ahead of referendum on recognition of First Nations peoples

Lloyd’s and five big insurers quit sector’s net-zero initiative

Alliance members fear antitrust lawsuits and have faced criticism from US Republican politicians

TotalEnergies suffers investor revolt over climate goals

EY US reshuffles leadership following failure of spin-off plan

Regional chair Julie Boland puts loyalists in top posts amid rethink of governance at Big Four firm

Obituary. Jim Brown, American footballer and activist, 1936-2023

He went on to pursue a career in Hollywood and championed civil rights — but the sports star also had a dark history of violence against women

Opinion

Person in the News. Carl Icahn, a star corporate raider brought down to earth

The veteran investor has seen bets against a fast-rising market turn sour

The US must grasp the opportunity to stabilise relations with China

As high-level interactions increase, both sides must aim for pragmatic reconnection

A bureaucratic tangle has replaced the UK’s industrial policy

Camilla Cavendish

Unruly politicians and unchecked spending risk US debt catastrophe

The price of flying will keep rising, even on Ryanair

Inflation is hitting society’s most vulnerable families hardest

The ‘Chequered’ record of ministers using grace-and-favour houses

F-16s might not win Ukraine’s war, but they promise a more equal fight

Edward Stringer

More Opinion

US News

US debt ceiling deadline pushed back as talks continue

New estimate of default date provides lawmakers with a little more breathing room as they attempt to reach a deal

Drug wars threaten Ecuador’s stability ahead of election

Tesla to open its fast-charging stations to Ford drivers

US property developers cheer Supreme Court decision limiting oversight of water pollution

US and China address trade tensions in rare high-level Washington meeting

US credit squeeze triggers rise in corporate bankruptcies

Yield-hungry investors push US money market assets to record $5.4tn

Podcasts

Political Fix. Rishi Sunak’s immigration conundrum

32 min listen

FT Weekend podcast. Romantic comedies, with novelist Curtis Sittenfeld

20 min listen

Rachman Review. Modi’s moment in the spotlight

26 min listen

Behind the Money. Does anyone want a digital euro?

21 min listen

FT Magazine. Why are teenagers obsessed with pretty coquette picnics — and why are so many adults copying them?

FT Magazine. Bell Hill, New Zealand: the first vineyard visit that left me feeling sad

HTSI. The UK’s best bakeries: the readers’ picks

Interview. Roderick Williams embraces Aldeburgh’s sense of adventure

Review. The best books of the week

Video

Hillary Clinton52 min

Hillary Clinton on China, Putin and the threat to US democracy

150 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

789 hours ago

US manufacturing29 min

Why 3D printing is vital to success of US manufacturing | FT Film

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World36 min

North Korea and the triads: gangsters, ghost ships and spies | FT Film

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Highlights

Letter from the editor on generative AI and the FT

Our journalism will continue to be reported, written and edited by humans who are the best in their fields

Is the UK once again the ‘sick man’ of Europe?

Flight risk? London listings are the most vulnerable to New York’s allure

The Big Read. The crackdown on risky chemicals that could derail the chip industry

FT Alphaville. Meet the pizza-loving diplomat behind Antigua News’s big Credit Suisse scoop

Interview. Reeves embraces ‘Bidenomics’ as blueprint for a Labour government

Doom-mongers are wrong to underestimate the European economy

Technology

Air taxi start-up Vertical Aerospace delays service launch by a year

Bristol-based flying taxi start-up pushes back service entry to 2026 as certification schedule slips

Live news updates from May 26: Yellen says June 5 could be ‘X-date’, Turkish lira hits record low

Letter from the editor on generative AI and the FT

Portugal paves way to a Huawei ban on country’s 5G network

Klarna’s losses halve as Swedish fintech predicts return to profit

Reliance seeks retail dominance in India with comeback deal for Shein

The Top Line. Netflix is taking a necessary risk in tackling its 100mn freeloaders

Christopher Grimes

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