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US politics & policy

Republican leaders try to quell debt deal revolt as US counts down to default

Time is running out to convince sceptical lawmakers to pass bill to raise borrowing limit

1 hour ago

The Long View. Deficits can matter, sometimes

US politics & policy

US debt crisis: Joe Biden gets the deal done but at a cost

Editor's picks

Citizens’ juries can help fix democracy

Peter Orszag: the ‘scholar-banker’ named to restore Lazard’s fortunes

Top stories

Russia launches massive drone attack on Kyiv as city prepares to celebrate founding

Ukraine’s air defence systems downed 52 of 54 drones launched against the capital and other targets, officials say

A European People’s Bond could support Ukraine’s reconstruction

Jacob Kirkegaard

Turkish elections

Erdoğan takes lead in Turkish presidential election

Veteran leader has secured about 53 per cent of vote so far to head rival Kemal Kılıçdaroğlu

updated

The patronage network behind Erdoğan’s bid for third decade in power

White collar crime

Mike Lynch uses $50mn in Darktrace shares to secure US bail

The billionaire founder of Autonomy was extradited to face trial for fraud

new

Canada’s big banks log 13-fold rise in loan loss provisions

North American commercial real estate lenders prepare for increase in defaults as economic outlook darkens

Numbers taking US accountancy exams drop to lowest level in 17 years

Spotlight

Renewable energy

The Big Read. Lex in depth: the staggering cost of a green hydrogen economy

The clean energy source is generating buzz as an alternative to fossil fuels. The FT calculates that delivering it requires $20tn of investment by 2050

Interview. Wellcome Leap’s Regina Dugan: ‘Odds are irrelevant, if what you’re trying to do is important’

The former head of the US defence department’s research agency was behind big bets on mRNA technology

Best of Weekend FT

A stylist, yes, but Martin Amis was also right on the money

The writer’s life might best be understood as one long reply to George Orwell’s idea that only plainness can illuminate truth

HTSI. The cosmic heirs of Hilma af Klint

The Weekend Essay. Can AI make me a musical star?

As vocal clones of music’s biggest names go viral, the FT’s pop critic embarks on an unlikely quest to replicate his favourite singer’s voice

Homes on screen: how scouts find the perfect film locations

Lunch with the FT. GCHQ’s Jeremy Fleming: ‘Xi doesn’t want to see Putin humiliated’

The outgoing cyber spy chief on Russia’s appetite for risk, China’s quest for tech supremacy — and the James Bond effect

The futile pursuit of good taste

Most read

News

New Development Bank

Saudi Arabia in talks to join China-based ‘Brics bank’

Multilateral lender founded as competitor to west has struggled to raise funds because of Russia exposure

Europe’s green transition impossible without China, says Dutch minister

Charts that Matter. AI boom drives gains for chip stocks

Semiconductor index outperforms Nasdaq and hits 14-month high

S Korea’s Naver to target foreign governments with latest ChatGPT-like AI model

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

Companies backed by Public Investment Fund have risen to prominence as the kingdom’s day-to-day ruler asserts control

Interview. India’s biggest alternative asset manager bets on private credit

Montenegro’s young guard aims to speed up EU accession

New leadership seeks to pass reforms and capitalise on fresh focus on Balkan region amid Ukraine war

Head of Europe’s biggest car leasing group bets on scale in face of rate hikes

Renewable energy

Former Enel chief says governments cannot ignore energy transition

Francesco Starace to join private equity group EQT after leaving state-backed utility

new

Cyberweapon manufacturers plot to stay on the right side of US

Contrasting fates of Israeli spyware-makers Paragon and NSO reveal how American support is crucial in $12bn industry

2 down — Singer’s incredible role on vacuous Eurovision (6)

The annual songfest features in the FT’s May crossword news puzzle

China’s first passenger jet completes maiden commercial flight

Maker Comac set to rely heavily on domestic sales and will face difficult task taking on Boeing and Airbus in west

Opinion

What we get wrong about ageing and work

There is no consistent evidence that older workers are any less productive than their younger counterparts

Lex. Sodium batteries: worth their salt

Sodium has a role to play at the lower end of the electric vehicle market as a substitute

Person in the News. Carl Icahn, a star corporate raider brought down to earth

On Wall Street. Buffett’s intriguing bet on Japan

Mark Vandevelde

The US must grasp the opportunity to stabilise relations with China

A bureaucratic tangle has replaced the UK’s industrial policy

Camilla Cavendish

Unruly politicians and unchecked spending risk US debt catastrophe

The price of flying will keep rising, even on Ryanair

More Opinion

US News

White House reaches deal with Republicans to avert US debt default

Biden and McCarthy agree on terms to raise borrowing limit but must still convince sceptical members of their parties

Beverly Hills voters reject LVMH luxury hotel on Rodeo Drive

US and China hold more trade talks despite strained ties

Jamie Dimon gathers business elite in Shanghai amid China-US tensions

US debt ceiling deadline pushed back as talks continue

Investors expect higher interest rates as inflation pressures mount

Lazard appoints Peter Orszag as chief executive

Podcasts

Political Fix. Rishi Sunak’s immigration conundrum

32 min listen

FT Weekend podcast. Romantic comedies, with novelist Curtis Sittenfeld

20 min listen

Rachman Review. Modi’s moment in the spotlight

26 min listen

Behind the Money. Does anyone want a digital euro?

21 min listen

The Aesthete. Sir Jackie Stewart: ‘In another life I would have been a Beatle’

Auction hunter: how my ‘sleeper’ got away

House museums #18: Sir John Soane’s Museum

HTSI. The Michelin-starred McMuffin...

FT Magazine. Bell Hill, New Zealand: the first vineyard visit that left me feeling sad

Video

Hillary Clinton52 min

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

165 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

805 hours ago

US manufacturing29 min

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

949 hours ago

World36 min

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

1405 hours ago

Highlights

Letter from the editor on generative AI and the FT

Our journalism will continue to be reported, written and edited by humans who are the best in their fields

Is the UK once again the ‘sick man’ of Europe?

Flight risk? London listings are the most vulnerable to New York’s allure

The Big Read. The crackdown on risky chemicals that could derail the chip industry

FT Alphaville. Meet the pizza-loving diplomat behind Antigua News’s big Credit Suisse scoop

Interview. Reeves embraces ‘Bidenomics’ as blueprint for a Labour government

Doom-mongers are wrong to underestimate the European economy

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