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US politics & policy

US House passes debt ceiling bill in crucial step to avert historic default

Republican Speaker Kevin McCarthy secures bipartisan support to send legislation to the Senate

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

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

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

Editor's picks

We should stop worshipping at the altar of convenience

Investors turn to AI-guided dealmaking to gain edge over rivals

Top stories

BHP admits underpaying staff for 13 years

Live

Markets Briefing. European and Asian stocks advance after US vote to raise debt ceiling

Electric vehicles

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

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

Eurozone inflation

Eurozone inflation falls to lowest level since Russia invaded Ukraine

May figure drops to 6.1% as cooling price pressures boost case for an end to ECB rate rises

updated

US-China relations

US defence chief warns incidents with China’s military could ‘spiral out of control’

Lloyd Austin calls for greater dialogue after Beijing refuses meeting at Shangri-La security forum

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 garden of war’: horseback killers return to Darfur

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

News

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

Debate intensifies among western governments on providing security guarantees to Kyiv

updated

Brussels plans four-year financial support for Ukraine

Opec bans prominent media groups from Vienna meeting

Reuters, Bloomberg and Dow Jones are denied invitations in decision driven by Saudi Arabia’s energy minister

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

Most read

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

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

Korea Inc’s big battery bet on Indonesia at risk from US restrictions

Involvement with Chinese partners on nickel and other battery-related ventures could fall foul of IRA legislation

Hong Kong politics

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

New security laws have left the flourishing stand-up scene in the territory plagued with worse than stage fright

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

Franklin Templeton Investments

Franklin Templeton to buy Putnam Investments for more than $1bn

Acquisitive California asset manager strikes deal that will expand business in alternatives and retirement plans

Personal Finance

Financial coaching: bridging the advice gap or a new danger?

The lack of financial knowledge is a crisis of confidence

Libor transition

Loan market braced for rush to Libor finish line

At least $700bn of junk loans are still priced using lending benchmark, just 30 days before the rate is set to expire

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

The FT View. China’s faltering outlook for growth

The editorial board

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

Peggy Hollinger

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

Markets Insight. China’s weak recovery is turning off foreign investors

Alicia García-Herrero

Swedish PM: We have stepped up terrorism fight as part of our Nato bid

Ulf Kristersson

Don’t let AI fall into the climate trap

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

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

The Big Read. Centerview: the Wall St power brokers confronting a rare rupture

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

An island-hopping idyll in Sweden’s Bohuslän archipelago

It’s time to reconsider the shirt collar

HTSI. The ultimate Musk-have: satellite WiFi, naturally

Review. The Late Americans by Brandon Taylor — friends, lovers and desperate ambition

Stock exchange for art opens with $55mn Francis Bacon

Video

Hillary Clinton52 min

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

255 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

894 hours ago

US manufacturing29 min

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

1038 hours ago

World36 min

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

1494 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

Technology

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

1 hour ago

#techAsia. Taiwan’s supply chain centrality and Nvidia’s ‘rock star’ CEO

3 hours ago

Unhedged. Big Tech, narrow market

Throwaway Britain: what happens to our old tech?

HTSI. The ultimate Musk-have: satellite WiFi, naturally

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

Sunak touts leading role for Britain in AI regulation

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