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US politics & policy

US senator Kyrsten Sinema breaks with Democratic party

Decision to register as an independent deals blow to Joe Biden’s party after success in midterm elections

1 hour ago

US House passes $858bn defence bill with weapons funding for Taiwan

US House passes bill protecting same-sex and interracial marriages

Lunch with the FT. Chelsea Manning: ‘I can dish it out as much as I can take it’

Editor's picks

Former PLA officer says China is restraining Russia over use of nuclear weapons

‘Hell. Just hell’: Ukraine and Russia’s war of attrition over Bakhmut

Top stories

Live news: US producer price inflation cools in November

Live

Markets Briefing. US futures fall as producer prices top forecasts

2 hours ago

Microsoft faces ‘landmark battle’ to save Activision Blizzard deal

Tech giant’s efforts to appease regulators runs into a more activist antitrust regime on both sides of the Atlantic

Cryptocurrencies

Sam Bankman-Fried to testify to Congress over FTX failure

Disgraced crypto founder bows to pressure after reluctance to speak to lawmakers

1 hour ago

Temasek-backed crypto shop Amber halts expansion plans in rocky market

Brittney Griner

Inside Biden’s Faustian pact with Russia to secure Brittney Griner’s release

Deal led to exchange of notorious arms trafficker for US basketball star while not including former marine

1 hour ago

Spotlight

Explainer. Why the price of oil has dropped despite new constraints on Russian supply

Crude settles at lowest level of 2022 after European embargo and G7 price cap take effect

FT Magazine. The inside story of Liz Truss’s disastrous 44 days in office

How a historic budget came together and fell apart, told by those who were there

News

Getir acquires grocery app rival Gorillas in $1.2bn deal

Combined group worth $10bn represents a fall in valuation as investors turn against lossmaking tech start-ups

3 hours ago

Spain and France say planned undersea pipeline will cost €2.5bn

Countries abandon idea of first piping natural gas through link and say it will carry only hydrogen

1 hour ago

Nick Bollettieri

Obituary. Nick Bollettieri, tennis coach, 1931-2022

His methods were notorious, but the best young players flocked to his Florida academy

Most read

Electric vehicles

Union wins election in first at Detroit-owned electric vehicle battery plant

Ohio-based venture of General Motors and LG Chem is successfully organised by United Auto Workers

new

Kremlin critic Ilya Yashin jailed for more than 8 years over ‘fake information’

Longtime opponent found guilty of airing BBC footage with testimonies of mass killing in Bucha

2 hours ago

‘Look, we’re not sanctioned’: how Holland & Barrett owner cut ties with Russian investors

Benjamin Netanyahu

Netanyahu forges most rightwing government in Israeli history

New PM accused of ‘undermining’ democracy as he gives senior roles to anti-Arab, homophobic and sexist politicians

Chinese politics & policy

China’s disappearing data stokes fears of hidden Covid wave

Low official case number and death toll puzzle analysts after Beijing lifts Covid testing requirements

Brazilian politics

Lula appoints Workers’ party loyalist as Brazil’s new finance minister

Choice of Fernando Haddad will disappoint investors hoping for a more market-friendly figure

updated

Airlines feel squeeze as plane leasing groups raise rents

Scarcity of aircraft and surging borrowing costs ripple through commercial aviation market

Aerospace & Defence

UK, Japan and Italy agree to build joint advanced fighter jet

Trilateral military project aimed at an increasingly assertive China and other threats

Santander UK PLC

Santander UK fined £108mn for anti-money laundering failures

Bank’s poor management created ‘prolonged and severe risk’ of financial crime, says regulator

Opinion

We need an honest east-west discussion about industrial policy

Europe and the US are breaking a taboo that east Asia was never afraid of

Undercover Economist. Storage is one of the least sexy words around. That’s a problem

By the time a crisis hits, it’s too late to start building an extra cupboard

The office grinch may have a point — it’s not fun if it’s forced

Unhedged. The SEC should not touch crypto

Robert Armstrong

How will ESG funds make money next year?

Light needs shedding on the dollar swaps black hole

Coal mine approval sends UK green credentials up in smoke

Cat Rutter Pooley

Markets Insight. SEC should abandon its misguided and costly proposal for fund names

More Opinion

US News

EU seals Chile trade deal that will improve bloc’s access to key minerals

South American country will secure more favourable terms for its exports and professional services

Peru’s ousted president appears in court after being charged with rebellion

ExxonMobil announces $50bn buyback despite political backlash

US fund managers cross Atlantic to buy European oil stocks

‘Worth the wait’: Georgia run-off result cements Democratic Senate gains

Bond market points to Fed standing firm in battle against inflation

Former Theranos executive Sunny Balwani sentenced to nearly 13 years for fraud

Podcasts

FT Weekend podcast. The big debate in climate tech. Plus Jancis Robinson

27 min listen

FT News Briefing. FTC hits pause button on video game deal

10 min listen

Rachman Review. How threatened is Australia by the rise of China?

27 min listen

Working It. Four days' work for five days' pay: does it work?

23 min listen

Choosing a coat? Consider the message it sends

Review. Kate Winslet gives one of the year’s best performances in I Am Ruth

Review. Dickens and Prince — Nick Hornby’s love letter to prolific genius

Review. Recycling Beauty, Prada Foundation — what the Romans did for us and what we did to them

Review. Six films to watch this week

Video

Energy Source18 min

Has Big Oil changed? | FT Film

190 hours ago

Manufacturing in America, post-globalisation | FT Film

442 hours ago

Food & Drink13 min

Inside London's 'zero waste' restaurant | FT Food Revolution

370 hours ago

Climate change18 min

Can India adapt to extreme heat? | FT Film

706 hours ago

Highlights

Paul McClean graduate trainee programme

Applications now open for our 2023 intake

FT Magazine. Exclusive: The secret lives of MI6’s top female spies

In celebration of David Gardner

The mysterious disappearance of Kiwi shoe polish

The Big Read. Monte dei Paschi: how far did Italy go to draw a line under its troubled bank?

Big cities drive half of global economic growth

The Big Read. The 4-day week: does it actually work?

Technology

Lex. Huawei/ZTE: poor US-Saudi relations offer window for telecoms groups

A key growth market for both Huawei and ZTE is automotive parts

2 hours ago

We need an honest east-west discussion about industrial policy

FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard

ChatGPT is less wowed by itself than we are

HTSI. The robo-cot with a heart

#techAsia. TSMC’s US push and chaos at ‘iPhone city’

Pentagon splits $9bn cloud computing contract among tech giants

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