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Blackstone Group LP

Blackstone chief dismisses concerns over $69bn real estate fund

Stephen Schwarzman calls Breit vehicle ‘some of our best work’ after limits on investor withdrawals

How the gates closed on Blackstone’s runaway real estate vehicle

Chinese business & finance

‘What’s the point of buying?’ China’s property woes push young to rent

Editor's picks

The Big Read. The women turning to sex work to make ends meet

America’s shipwrecked working class

Top stories

Live news: Chinese stocks gain on further relaxation of Covid rules

Live

Markets Briefing. US stocks slip as China’s weak export data spark economic growth fears

Coronavirus pandemic

China risks ‘wave of infections’ after relaxing zero-Covid policy, warns Fauci

Joe Biden’s chief medical adviser urges Beijing to approve use of western vaccines

Outlook. Zero-Covid has hewn China into separate fiefdoms

Americas politics & policy

Peru plunges into political crisis as president ousted

Lawmakers remove Castillo after his attempt to shut down congress and replace him with vice-president Dina Boluarte

3 hours ago

Argentina’s Cristina Fernández de Kirchner convicted of corruption

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

Prison term exceeds that handed to former business partner Elizabeth Holmes of failed blood-testing start-up

Spotlight

Military briefing: Ukraine drone strikes show Russia it has ‘no safe zones’

Attacks underscore how Kyiv can conduct long-range operations without western equipment

‘More to come’: Trump’s business empire sustains first legal blow

Trump Organization conviction could spell further trouble for former US president as he mounts another White House bid

News

Tech

TikTok faces growing Republican backlash over security concerns

ByteDance-owned social platform hit with lawsuit and state bans on government devices

US Department of Defense

Pentagon splits $9bn cloud computing contract among tech giants

Google, Oracle, Amazon and Microsoft clinch long-fought deal after previous contract got bogged down in legal challenges

Norway's Oil Fund

Norwegian oil fund to vote against companies without net zero targets

Nicolai Tangen says $1.3tn sovereign wealth investor will also look at groups that overpay executives

Vanguard quits climate alliance in blow to net zero project

Most read

German police uncover alleged rightwing plot to overthrow government

25 people arrested in raids by 3,000 officers on 130 premises across the country, suggesting conspiracy on a huge scale

Foiled plot highlights Germany’s far-right problem

FTX Trading Ltd

FTX held talks with Taylor Swift over $100mn sponsorship deal

Negotiations between singer-songwriter and Sam Bankman-Fried’s crypto group collapsed this spring

FT Alphaville. Revealed: the Alameda venture capital portfolio

Chinese politics & policy

China’s Xi arrives in Saudi Arabia

Beijing foreign ministry hails presidential visit as ‘epoch-making milestone’ in relationship with region

Beijing allows US export-control checks on Chinese tech companies

US politics

US Supreme Court hears challenge to state lawmakers’ authority in elections

Outcome could have significant implications for oversight of voting

Democrats expand Senate majority after winning Georgia run-off

Putin does ‘not see need for second military draft’ for Ukraine

Russia’s president warns nine-month invasion could become a ‘lengthy process’

How a Russian oil tanker tried to conceal its location

Jeanne Lanvin SA

Fosun-owned Lanvin’s future hangs by a thread

Spac plan for company comes as Chinese group struggles to tackle its debt pile

3 hours ago

European Central Bank

ECB staff in pay dispute to hold talks about potential strike

Union will discuss protest action in new year if wage offer remains well below inflation rate

Bank of Canada raises rates and hints at pause in tightening cycle

FT-IGM Survey. US unemployment rate set to surpass 5.5%, economists predict

FT/IGM poll suggests waning optimism the Fed can tame inflation without causing material job losses

Opinion

FT Magazine. Ivanka Trump is reading the room

The former president’s daughter has a better grip on reality than her father

The FT View. Ron DeSantis’s war on woke puts BlackRock on the frontline

Florida is the latest Republican state to target ESG investing

The editorial board

Lex. US housing: iBuying business model looks increasingly unsustainable

Markets Insight. China’s reopening to reverberate around global markets

The Conservatives risk being consumed by Faragism

Robert Shrimsley

Inside Business. Lessons from one woman’s ascent to a CEO job in Japan

Workers need more than platitudes about ‘green jobs’

It is the west’s duty to help Ukraine win this war

More Opinion

US News

Trump Organization convicted of tax fraud in Manhattan trial

Verdict is a blow for the former US president, who is facing multiple legal challenges as he runs for the White House again

GSK and Sanofi shares surge after Zantac ruling victory

US to ‘deepen’ defence ties with Australia in face of China threat

TSMC triples Arizona chip investment to $40bn

Petrobras CEO to leave as Lula prepares to take office in Brazil

Meta told to overhaul moderation system for users like Trump

US straightens out supply chains after months of inflationary snarls

Podcasts

Behind the Money. Credit Suisse’s last chance

20 min listen

FT News Briefing. China’s next stage of the pandemic

9 min listen

Working It. Four days' work for five days' pay: what the experts say

25 min listen

Money Clinic with Claer Barrett. The ultimate tax return guide, revisited

20 min listen

European prime property

The allure of Courmayeur: ski-home buyers find lower costs in Italy

Biography and memoir

Review. Come Back in September — a literary education in New York

HTSI. How to solve the housing crisis

Review. ‘A utopia led by black artists’: MoMA exhibition celebrates Just Above Midtown gallery

HTSI. The top 10 festive hampers

Video

Energy Source18 min

Has Big Oil changed? | FT Film

154 hours ago

Manufacturing in America, post-globalisation | FT Film

407 hours ago

Food & Drink13 min

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

335 hours ago

Climate change18 min

Can India adapt to extreme heat? | FT Film

671 hours ago

Highlights

FT Business Book of the Year Award. The great chip war — and the challenge for global diplomacy

The winner of the 2022 FT Business Book of the Year Award throws a spotlight on the battle for semiconductor supremacy

Nikkei Asia. Thai silk company Jim Thompson vows Covid comeback as a global brand

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

Brexit: the next phase

The Henry Mance Interview. Louise Richardson: ‘I do wish our students were more resilient about nasty remarks’

FT European Business Schools Ranking 2022: tough times

Dear Jonathan. I want to quit my job and travel — will it affect my career progression?

Technology

Labour to unveil new plan for supporting UK small business

Shadow chancellor will announce drive for investment in start-ups after Jim O’Neill-led review

FT Business Book of the Year Award. The great chip war — and the challenge for global diplomacy

Lex. LG/Apple: Korean group should benefit from much-anticipated iCar

Lex. The Lex Newsletter: the cratering creator economy

Microsoft signs 10-year ‘Call of Duty’ deal with Nintendo

European tech groups lose $400bn in value following funding crunch

Due Diligence. ‘Don’t worry’: NSO banks on Bibi

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