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TikTok chief faces hostile Congress in bid to fight off US ban

Shou Zi Chew takes tough questions from legislators as China vows to oppose any forced sale

China says it ‘firmly opposes’ forced sale of TikTok

Lex. TikTok: time running out for Chinese apps seeking US online growth

Federal Reserve

‘Close to thin ice’: looming credit crunch puts pressure on Fed

Editor's picks

Credit funds scrutinise ‘mythical, enormous’ Silicon Valley Bank loan book

Culture clash: the challenge of uniting fierce rivals UBS and Credit Suisse

Top stories

Live news: Chinese and Philippine officials discuss South China Sea tensions

Live

Markets Briefing. US stocks finish higher after choppy day of trading

Hindenburg Research

Hindenburg shorts Jack Dorsey’s payments group Block

Shares tumble after accusations of overstating user counts and facilitating fraud

Lex. Fintech: scrutiny at Coinbase and Block comes amid bank wobble

Japanese economy

Key measure of Japan inflation reaches highest level in 41 years

Strong ‘core-core’ price reading adds pressure on central bank over monetary policy

1 hour ago

China releases top chip investor to bolster semiconductor efforts

Head of Hua Capital freed from detention as Beijing seeks expert help to navigate tough western sanctions

3 hours ago

Spotlight

Sri Lanka reels from aftershocks of debt crisis

Colombo seals IMF deal but many remain sceptical about the country’s path to recovery

Commercial property risks rise up bank investors’ worry list

Fears mount that further retreat from real estate lending could lead to wider credit crunch

News

Chinese business & finance

China’s billionaires pay the price for Xi’s Covid crackdown

Total wealth of country’s richest falls 15% as lockdowns and property woes take toll

US businesses shy about attendance at China’s Davos

US charges crypto fugitive Do Kwon after Montenegro arrest

Terraform Labs co-founder faces eight criminal counts, including securities and wire fraud

Coinbase shares fall after SEC warning on potential legal action

Rahul Gandhi sentenced to two years in prison over Modi remarks

Indian opposition figure has criticised prime minister over unemployment and ties to industrialist Gautam Adani

Most read

Credit Suisse Group AG

Swiss regulator defends $17bn wipeout of AT1 bonds in Credit Suisse deal

Writedown after takeover by UBS enraged holders of risky bonds

Credit Suisse’s fate casts a shadow over the European banking sector

EY’s US boss warns it is ‘premature’ to say whether break-up plan can be salvaged

Julie Boland defends decision to pause work on historic split of Big Four firm

Accenture to axe 19,000 jobs

French politics

French protest against Macron’s ‘provocation’ on pensions

President fails to quell public anger after comparing some demonstrators to US Capitol rioters

‘Master of clocks’: can Macron wait out a crisis of his own making?

World Athletics upholds ban on Russian athletes ahead of Paris Olympics

Belarusian competitors also barred as part of sanctions over Ukraine war

Russian accused of evading sanctions escapes house arrest in Italy

Toshiba approves $15bn buyout offer from Japanese private equity fund

Sale of struggling conglomerate would be country’s largest take-private deal

Netanyahu vows to press on with judicial reform as coalition splits emerge

Defence minister postpones speech after reports he was about to break ranks with hardline colleagues

Disease control and prevention

WHO warns over spread of Marburg virus after Tanzania deaths

Global health body urges increased vigilance to reduce transmission of deadly disease

Chipmakers fight spread of US crackdowns on ‘forever chemicals’

Intel helped form lobbying group that has opposed state legislation on PFAS

Opinion

American banks face a looming credit risk

As consumer behaviour changes, the business model of small and medium-sized lenders is under threat

How European entrepreneurs can live the American dream

The social model designed to maximise happiness, not GDP, creates its own land of opportunity

Inside Business. Risk of ‘industrial capture’ looms over AI revolution

Madhumita Murgia

Beware the ‘sensible’ crypto crowd — they’re worse than the fanatics

Lex. Federal Reserve/ECB: credit tightening has not yet done its worst

Unhedged. Powell splits the difference

Robert Armstrong

FT Magazine. We should regulate SUVs out of existence

Asia needs a more effective financial safety net

Rhee Chang-yong

More Opinion

US News

Investors bet Fed has finished raising interest rates

Turmoil in banking sector aids central bank’s fight against inflation by tightening financial conditions

Bank shares slide as Yellen plays down ‘blanket’ deposit guarantee

Ford forecasts electric vehicle division will lose $3bn this year

New Mars boss bets on petcare as private empire aims to double sales

PacWest secures $1.4bn of cash from Atlas after deposits fall 20%

Trump media Spac dismisses CEO and confronts delisting threat

Carvana to attempt restructuring of $9bn debt load

Podcasts

FT News Briefing. The Fed passes on a pause

10 min listen

Behind the Money. Martin Wolf on why banks fail and what to do about it

20 min listen

Working It. The unintended consequences of mass lay-offs

18 min listen

Tech Tonic. The quantum revolution: ‘Spooky action’

25 min listen

Could a ‘sweetener’ tempt you to buy a new home?

To Istanbul, by train

How To Spend It In.... Fashion designer Heidi Middleton’s Brisbane

Review. Shakespeare’s Book — the course of bookselling never did run smooth

Interview. Director Hlynur Pálmason on battling the elements for Godland: ‘Making a film threatens you’

Video

Cryptocurrencies30 min

FTX: the legend of Sam Bankman-Fried | FT Film

432 hours ago

Scoreboard10 min

The business of Formula 1: inside McLaren HQ

576 hours ago

Brexit28 min

The Brexit effect: how leaving the EU hit the UK

3761 hours ago

FT Standpoint14 min

Capture: who's looking after the children? | FT Film

1200 hours ago

Highlights

‘Perhaps she will not spoil the atmosphere after all’: women mark 50 years trading at the LSE

Some of the first female traders recount how they started on the floor of the exchange

From SVB to the BBC: why did no one see the crisis coming?

Dear Jonathan. I am stuck on a consultancy project I don’t like. How do I accelerate a move?

Affairs and takeovers but absolutely no secret agendas

Rutherford Hall

The Big Read. Singapore and Hong Kong vie to be the Caymans of Asia

The envy at work that dare not speak its name

The Big Read. Microbes on the farm: a solution for climate change?

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