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US politics & policy

US Senate passes bill to end debt ceiling stand-off and avoid default

Legislation heads to President Joe Biden for his signature just four days before Treasury deadline

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

‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine

Editor's picks

Inside Business. Apple’s mixed reality headset is a hedge against future disruption

‘More frugal, less ego’: music legend Hartwig Masuch bows out from BMG

1 hour ago

Top stories

Asia equities follow US higher after debt ceiling vote triggers gains

Live

Markets Briefing. US stocks hit 9-month high on optimism over debt ceiling deal

Brussels urges UK to join trade pact to ease risk of post-Brexit car tariffs

Trade experts warn British membership of Pan-Euro-Mediterranean convention is not ‘immediate fix’

2 hours ago

AI will create ‘more losers than winners’ even as Nvidia soars

Big investor says chipmaker will be among handful of tech groups to drive stocks higher

1 hour ago

Russian concerns on Ukraine must ‘be taken into account’, says Brazil

Leftwing president’s foreign policy adviser warns western leaders’ stance risks provoking a wider conflict

1 hour ago

Lula nominates personal lawyer to Brazil’s supreme court

Spotlight

Hong Kong politics

Hongkongers struggle to get voice heard on Tiananmen Square anniversary

Once home to massacre’s largest commemoration in China, city finds space for dissent has narrowed

1 hour ago

Rocket Internet AG

Rocket Internet backs away from start-up investing in tech downturn

Oliver Samwer quietly transforms one of Europe’s most aggressive VC firms into a more conservative investment house

1 hour ago

News

US hirings expected to have cooled in May

Economists predict economy added just 195,000 jobs last month amid lower wage growth

1 hour ago

Saudi Arabia expands lithium processing to supply BMW

Second facility planned as EV battery supply chains begin to develop outside China

Cryptocurrencies

Binance loses market share after regulatory clampdown

World’s biggest crypto exchange hit after moves by New York regulators and CFTC

1 hour ago

Most read

Undercover Economist. Will ChatGPT be Homer Simpson’s salvation?

Not all transformative technologies destroy jobs. Some help to level the playing field

Australia’s biggest pension fund freezes new business with PwC over tax scandal

AustralianSuper is latest organisation to suspend work with Big Four firm over leaks of confidential government information

new

FT Magazine. Cindy Sherman: ‘This is how I look, I guess’

As she shares new work exclusively with the FT, the artist talks self-exposure, selfies and why the camera always lies

1 hour ago

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

Musk’s SpaceX wins Pentagon contract for satellite in Ukraine

The Starlink internet service is vital for Ukraine but he billionaire has expressed concerns about its military use

Russia claims it repelled second attack by pro-Kyiv militias

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

‘Primate AI algorithm’ predicts genetic health risks

Scientists apply deep learning to expanded DNA database to help identify disease-causing mutations in humans

UK Covid inquiry

UK government takes legal action over Boris Johnson’s Covid messages

Cabinet Office reveals former PM’s WhatsApp communications only date back to May 2021

Opinion

Refugee children must be exempted from cruel and punitive ban

There is no evidence that including under-18s in the illegal migration bill’s block will deter them, but it will cause misery

Interview. Andrew Scott: ‘We have to invest much more in our future selves’

We’ve never expected people to be living into their 10th decade, so we’ve never planned for it. Now that must change

The great ‘Brexit’ and ‘coalition’ taboos are holding the Lib Dems back

Expectations for Nigeria’s president are so low, all he has to do is beat them

Beware ‘death by GPT syndrome’

Markets Insight. Why private capital flows in the EU remain sluggish

Lex. The C suite: tough economy turns CFOs into finance defectors

The FT View. Joe Biden averts a disastrous default

The editorial board

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

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

Goldman weighs another round of job cuts as dealmaking drought persists

Podcasts

FT Weekend podcast. The gangs risking their lives for copper in South Africa

22 min listen

FT News Briefing. What did the fight over the US debt ceiling cost?

9 min listen

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

17 min listen

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

35 min listen

The laid-back charm of octogenarian style

The many perils — and occasional pleasure — of owning a vineyard

Review. One Fine Day by Ian Marchant — meet the ancestor

Review. Six films to watch this week

House museums #19: Georgia O’Keeffe

Video

Hillary Clinton52 min

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

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Italian politics19 min

Italian companies suffer Russia market loss | FT Film

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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

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

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

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?

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