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Property sector

US banks prepare for losses in rush for commercial property exit

Lenders prepare to offload debt at a discount even when borrowers are up to date on payments

FT Alphaville. The NYC CRE bloodbath

Markets Insight. Commercial property’s big reset will present opportunities

Julian Salisbury

Arctic chill: western nations fear China and Russia will exploit regional tensions

Editor's picks

What the debt ceiling debate missed

Markets Insight. Why the AI boom is not a dotcom redux

Top stories

Inflation in Turkey hits lowest level since 2021

Live

Markets Briefing. European stocks trade cautiously after most Asian markets rise

2 hours ago

Russia claims to have staved off Ukraine attack in Donetsk

Kyiv dismisses claims as disinformation amid doubts over whether push marks start of counter-offensive

1 hour ago

Sovereign bonds

Investors brace for new law on sovereign debt workouts

Critics warn it will raise financing costs for developing countries on international markets

Spain frets over German threat to boycott ‘drought strawberries’

Domestic clash over use of illegal wells by farmers has international repercussions

Spotlight

The Big Read. The money behind the coming wave of climate litigation

Those affected by environmental disasters are turning to the courts for redress, stoking debate about who should pay to bring the cases

Technology sector

Apple to offer vision of mixed-reality future beyond the smartphone

Tech giant expected to unveil an expensive headset in most significant product launch in more than a decade

News

Asset allocation

Pension funds recoiling from China, says Dutch asset manager

APG sees big rethink on investment in the country as geopolitical risks increase

China set to account for less than half of US’s low-cost imports from Asia

Artificial intelligence

Generative AI’s ‘productivity revolution’ will take time to pay off

Pandemic has failed to alter long-running trend of stagnant real growth across advanced economies

Lex. AI: open-source models imperil profits of big tech’s contenders

new

Mexico’s ruling party set to triumph in critical regional election

López Obrador’s Morena unseats PRI in one of last opposition-held states, building momentum ahead of 2024 national poll

Mexican mining industry under threat from sweeping new regulations

Most read

Hollywood directors avert strike after reaching contract deal with studios

Agreement on AI and streaming royalties comes as industrial action by writers stretches into its second month

Axa to buy French film studio in €150mn deal

Real estate arm aims to capitalise on high demand for motion picture and TV production space

Netflix rival Viaplay ousts chief and issues profit warning

2 hours ago

Saudi Arabia seeks to boost oil price with output cut of 1mn barrels a day

Opec+ members agree new deal which will reduce quotas for weaker African states

Saudi Arabia’s ‘prickly prince’ of oil bristles as crude price slides

The Royal Family

The Henry Mance Interview. Anti-monarchist Graham Smith: The British royals are ‘tax-funded Kardashians’

Head of the campaign group Republic on why the monarchy should be abolished and the government’s protest laws revoked

New World Bank chief under pressure as ‘Bridgetown initiative’ seeks $100bn

Ajay Banga faces calls for reform following proposal for fresh capital to drive climate and development finance

Foot-dragging over central bank chief underscores Lebanon dysfunction

Country was grappling with a leadership vacuum and an economic collapse even before the arrest warrants for Riad Salameh

A wild ride to South America’s northern tip

Beyond the Andes is an untamed desert peninsula, where vast dunes rise from the glittering Caribbean — but getting there isn’t easy

UK financial regulation

BoE looks to broaden reform of deposit guarantee scheme

Collapse of Silicon Valley Bank’s UK arm shone light on weaknesses in existing regime

Opinion

We need to keep CEOs away from AI regulation

Policymakers must not let complexity stop them from doing their job

Marietje Schaake

Inside Business. Can UK pensions lifeboat come to rescue of equities?

Reform of the system is vital but there are pros and cons to the idea of retooling the PPF

Patrick Jenkins

The world’s trading system needs to ditch its paper trail

Chris Southworth

Europe’s new success stories are built on high luxury, not high tech

Unhedged. The debt markets see no evil

Robert Armstrong

Ukraine’s rapid reconstruction will be in Europe’s own interest

The dismal truth about email

Lex. Mental health apps: the AI therapist cannot see you now

More Opinion

US News

Ron DeSantis works to soften his image on the campaign trail

Florida governor steps outside his policy comfort zone to take on Donald Trump as Republican presidential nominee

US cancer drug shortage forces doctors to ration life-saving treatments

US and UAE endorse security partnership despite frustrations

Hot jobs market piles pressure on Fed to raise rates later this summer

US defence chief warns China against risky behaviour in Indo-Pacific

Musk and Dimon lead corporate charge to Beijing as ties with US fray

CIA chief made secret trip to China in bid to thaw relations

Podcasts

FT News Briefing. A daring high-wire act: Inside the Asda buyout

11 min listen

FT News Briefing. Martin Wolf on saving democratic capitalism: the ‘democratic recession’

43 min listen

FT News Briefing. FTNB Live! FT Weekend Fest in Washington DC

24 min listen

Political Fix. The Boris Johnson WhatsApp psychodrama

32 min listen

My search for the ‘perfect’ all-round swimsuit

New Serpentine Pavilion is a delicate wonder of light spirits

The top art exhibitions in Europe and the US this summer

HTSI. Jeans and diamonds – the ultimate style flex

Review. Con-artist podcast Filthy Ritual tells jaw-dropping tales — review

Video

Hillary Clinton52 min

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

350 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

990 hours ago

US manufacturing29 min

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

1134 hours ago

World36 min

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

1590 hours ago

Highlights

Can a virtual PA turbocharge your career?

Services that take on the boring family admin claim they free up more headspace for professional endeavours. The FT’s Emma Jacobs tried it out

The Week Ahead. Apple set to launch ‘mixed reality’ headset

The Big Read. Orlen: is Poland’s energy giant a tool of the government?

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

Throwaway Britain: what happens to our old tech?

We should stop worshipping at the altar of convenience

Saudi crown prince turns to ‘state capitalism’ after change in the guard

Markets News

Japan inflation will drive savers back to the stock market, says exchange chief

JPX president suggests cash was king in deflationary times but households now need better returns

Charts that Matter. Handful of tech stocks drive diverging measures of S&P 500 performance

Market report. Hong Kong equities rally driven by internet stocks

Markets Briefing. Wall Street stocks rally after jobs data point to robust US economy

UK’s pension lifeboat fund slashes equity allocation

Binance loses market share after regulatory clampdown

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

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