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US politics & policy

Schumer races to push US debt ceiling bill through Senate by end of week

Majority leader will keep upper chamber of Congress in session until legislation is approved

1 hour ago

‘Faith in the Speaker’: McCarthy defies critics with US debt ceiling win

Why Wall Street is trying to shake up the 2024 race

The Big Read. The big question of how small chips can get

Editor's picks

Culture wars test corporate America’s commitment to Pride month

new

Beware ‘death by GPT syndrome’

Top stories

US manufacturing sector contracts in May on weak demand

Live

Markets Briefing. US stocks rise on hopes over debt ceiling deal

updated

Meta unveils new virtual reality device ahead of Apple headset launch

Chief Mark Zuckerberg teases new Quest 3 product as tech group continues to develop metaverse ambitions

2 hours ago

Goldman Sachs Group

Goldman warns of new job cuts in ‘tougher environment’ on Wall Street

President John Waldron says bank on track to hit or exceed a $600mn payroll savings target

1 hour ago

Goldman’s China dealmaker stops tapping US investors

Electric vehicles

‘Everyone will get affected’: Tesla jolts EV charging industry

Opening up proprietary Supercharger network qualifies car group for new US subsidies

Taking an electric car on the road is still a gamble in America

Spotlight

FT Magazine. Porsche, Bentley, Armani: Why Miami can’t build enough branded high rises

Gil Dezer — king of ultra-luxury towers — thinks he’s immune to the city’s boom-and-bust condo market

The Big Read. How the US is deepening military alliances in China’s backyard

The Biden administration is stepping up security initiatives to boost deterrence and better prepare for potential conflict over Taiwan

3 hours ago

News

Russia claims it repelled second attack by pro-Kyiv militias

Locals flee Russian border town while Kyiv residents reel from another missile attack

3 hours ago

Zelenskyy pressures Nato over Ukraine’s bid to join military alliance

BHP to pay $280mn after underpaying 30,000 staff for years

World’s largest miner to reimburse workers for loss of public holiday payments over a 13-year period

Beijing calls on Arm to intensify chip co-operation with Chinese companies

Designer plays critical role in semiconductor industry under pressure from US export restrictions

Most read

Eurozone inflation

Eurozone inflation falls to lowest level since Russia invaded Ukraine

May figure drops to 6.1% but ECB president Christine Lagarde signals more interest rate rises ahead

Free Lunch. The case for ‘team transitory’ lives on

Caisse de depot et placement du Quebec

Canadian pension fund CDPQ puts brakes on China investment

Pullback follows similar decisions by GIC and Ontario Teachers’ Pension Plan

Lex. China stocks: a strong Caisse for disinvestment

High yield bonds

Resilient US junk bond market baffles investors

Scarce supply pushes down high-yield spreads, despite worries about elevated interest rates and recession

Jeffrey Epstein

‘Ultimate decider’ on Epstein was JPMorgan’s ex-top lawyer, says Dimon

Bank’s chief executive testifies that former general counsel had ‘ability to override’ other executives

‘The garden of war’: horseback killers return to Darfur

Tens of thousands flee feared Janjaweed militia as Sudan power battle reignites two-decade-old conflict

Exxon Mobil Corp

Exxon and Chevron shareholders cut support for climate resolutions

Annual meeting votes highlight differences between investors at US and European oil companies

Total and Belgian energy start-up plan US synthetic gas investment

Financial & markets regulation

Watchdogs must ‘up their game’ to prevent future bank failures, says BIS

Financial regulators need more funds to ensure lenders ‘fulfil their responsibilities’, argues Agustín Carstens

Disease control and prevention

Preparing for the next pandemic will take a global commitment

The leaked draft of the WHO Pandemic Accord contains worrying signs

Mariana Mazzucato

Opinion

How the Thatcherites lost their Brexit dream and their party

The trade-off the original Tory Leavers made with populists handed the Conservatives over to an alien worldview

Robert Shrimsley

Peace edges closer in the troubled south Caucasus

Armenian concessions to Azerbaijan may end the longest-running territorial conflict in the former Soviet Union

Game, set and almost match to Biden on the debt ceiling

The FT View. China’s faltering outlook for growth

The editorial board

Outlook. The joke can be on Hong Kong comedians if they cross the line

Inside Business. Younger CEOs may be an answer to business uncertainty

Peggy Hollinger

Lex. ESG: war in Ukraine leaves ethical investors sitting on defence

We should stop worshipping at the altar of convenience

More Opinion

US News

‘People rot from the inside out’: lethal xylazine deepens the US drug crisis

Cartels are cutting fentanyl with the cheap sedative, driving a surge in overdoses in cities such as Philadelphia

US-China tensions have upended global order, Jamie Dimon warns

Loan market braced for rush to Libor finish line

Top Fed official sees no ‘compelling’ reason to wait for fresh rate rise

Pentagon accuses Chinese fighter jet of ‘aggressive’ action near US plane

Goldman weighs another round of job cuts as dealmaking drought persists

Business leaders search for alternatives to Trump and DeSantis

Podcasts

Rachman Review. Is the Ukraine war reaching a turning point?

17 min listen

FT News Briefing. The housing supply problem: Part Two

9 min listen

Behind the Money. Best Of: Inside Johnson & Johnson’s bankruptcy two-step

35 min listen

FT Weekend podcast. Food and Drink mini-series: Tamar Adler on cooking leftovers

15 min listen

Review. Six films to watch this week

An island-hopping idyll in Sweden’s Bohuslän archipelago

HTSI. The big thing about tiny restaurants

Interview. Jonny Greenwood and Dudu Tassa on their ‘love letter to Arabic music’

It’s time to reconsider the shirt collar

Video

Hillary Clinton52 min

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

261 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

901 hours ago

US manufacturing29 min

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

1045 hours ago

World36 min

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

1501 hours ago

Highlights

How Taiwan became the indispensable economy

Fearing a potential conflict in Asia, western companies are looking to move production out of Taiwan. But turning away from the self-ruled island will come at a high price for manufacturers

Nikkei Asia. Indian start-up valuations are slashed by global investors

How reliable are the UK’s migration statistics?

The Big Read. Has China become too cosy with private equity?

Letter from the editor on generative AI and the FT

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

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

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