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US-China relations

China sharply rebukes US over decision to shoot down ‘spy’ balloon

Navy begins recovery operation on wreckage of craft that drifted over country for a week

How the spy balloon popped a US-China rapprochement

Violent end to spy balloon flight dashes chance of US-China reset

Chinese military

China’s military keeps rivals on edge with balloon strategy

Editor's picks

The sheikh’s empire driving Abu Dhabi’s meteoric stock market rise

The case for a land value tax is overwhelming

Top stories

Live news: Newmont bids for Australian gold mining rival Newcrest

Live

Carlyle Group LP

Carlyle hires ex-Goldman executive Harvey Schwartz as CEO

Wall Street veteran will take the helm as private equity firm has lagged behind its rivals in recent years

2 hours ago

Ukraine to replace defence minister in first major reshuffle since invasion

Military intelligence chief Budanov lined up to succeed Reznikov who rejects move to new post

1 hour ago

Ukraine prepares for renewed Russian offensive

Adani ditched Big Four auditor for UK subsidiaries

Indian conglomerate’s accounting practices have drawn scrutiny after short-selling report

Indian authorities seek to calm investors after Adani sell-off

Spotlight

The Big Read. Can the pioneer of blockchain gaming survive the crypto winter?

Yat Siu has become the pre-eminent investor in this hyped field. But as well as the slump in crypto assets, he faces questions from regulators

Apple blundered when it killed off Dark Sky

Doing away with a much-loved weather app has caused an understandable outcry

News

Former Pakistan military ruler Pervez Musharraf dies

General led country through aftermath of 9/11 attacks

Obituary. Pervez Musharraf, president of Pakistan, 1943 — 2023

Iran agrees to pardon ‘tens of thousands’ of prisoners

Regime has been rocked by sustained period of civil unrest that erupted after death of woman in custody

Climate Capital. EU deforestation law triggers ire of its trading partners

Indonesia and Malaysia lead criticism of legislation that bans imports of products linked to clearing of forests

1 hour ago

US companies say EU climate goals are deterring new gas deals

Most read

NEWS

Republican Party US

Billionaire Koch’s donor network says it opposes Trump’s re-election

Americans for Prosperity joins other conservative groups in calling for Republicans to look beyond ex-president

Big Tech companies use cloud computing arms to pursue alliances with AI groups

Deals between Google, Microsoft and Amazon and ‘generative AI’ start-ups raise competition concerns

Datawatch. SpaceX rockets power record number of satellite launches

European manufacturing

France and Germany set to push back against US green tech poaching

Bruno Le Maire and Robert Habeck prepare to meet US officials amid tensions over subsidies

Investors pile into market rally as economic slowdown risk ebbs

Improving outlook boosts demand for riskier assets as ‘fear of missing out’ returns

US blue-chips set for first profit drop since Covid crisis

Electric vehicles

Electric vehicles defy price war after Ford and Tesla discounts

GM, Volkswagen, Hyundai and Kia decline to follow competitors as customer demand persists

Baillie Gifford & Co

Baillie Gifford sheds more than £100bn in assets in 2022

Growth investor suffers as interest rates rises prompt sell-off in tech stocks

How to Lead. Barclays chief: the life lessons I have discovered during cancer treatment

CS Venkatakrishnan gives his personal account of leading the bank while undergoing care for non-Hodgkin lymphoma

Why some women are ditching Big Law for smaller firms

Searching for a better work-life balance after pandemic lockdowns is one factor driving the shift

Opinion

A bipolar currency regime will replace the dollar’s exorbitant privilege

The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China

Nouriel Roubini

The FT View. Pakistan is on the brink

Stark choices face the nuclear power and its creditors if it is to avoid default

The editorial board

Death and Japan’s nuclear shelter salesman

Lex. Olive oil: crushed supply may be here to stay

Lex. US bookstores: a novel resurgence

On Wall Street. How Goldman can regain its swagger

Marie Kondo’s epiphany proves there is no magic in clinical tidiness

Cordelia Jenkins

Tempting back older workers means ditching business as usual

Camilla Cavendish

More Opinion

US News

US jobs total surges by over half a million in January

Labour market’s resilience leads to bond sell-off as investors reassess Fed’s interest rate stance

Big Tech groups disclose $10bn in charges from job culls and cost cutting

Billionaire Disney insider becomes pivotal figure in Peltz’s proxy fight

Madison Square Garden owner battles outcry over ‘dystopian’ blacklisting

EY considers handing retired US partners cut of proceeds from spin-off

Ford to return to Formula 1 with Red Bull deal after two-decade absence

Carlyle courts ex-Goldman executive Harvey Schwartz for CEO

Podcasts

Payne's Politics. Rishi Sunak’s first 100 days

29 min listen

FT Weekend podcast. ‘Tomorrow, and Tomorrow, and Tomorrow’ author Gabrielle Zevin

25 min listen

Rachman Review. How to fix our flawed democracies

25 min listen

Behind the Money. What’s behind the job cuts in Big Tech?

20 min listen

HTSI. La Bayadère boys

Let’s celebrate Alice Neel as a painter of clothes — as well as people

Interview. Composer Anna Clyne: ‘Music with melody connects with something very deeply rooted in us’

My downshift to deepest Spain

Review. The best books of the week

Video

FT Standpoint14 min

Capture: who's looking after the children? | FT Film

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Moral Money28 min

Fusion power: how close are we? | FT Film

501 hours ago

Scoreboard14 min

How India can revolutionise women's cricket | FT Scoreboard

765 hours ago

Fractured markets: the big threats to the financial system

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Highlights

Capture: who's looking after the children? | FT Film

An FT drama starring Jodie Whittaker looks at online harm, regulation and responsibility

‘Extreme leverage’? Adani’s debt-driven expansion under scrutiny

How arming Ukraine is stretching the US defence industry

Boeing delivers last 747, a jumbo jet that ‘shrank the world’

Beware the great battery industry fallacy

How First Abu Dhabi Bank pursued Standard Chartered and ‘opened Pandora’s box’

Why Nissan and Renault’s attempt to reset alliance might herald divorce

Technology

A problem of logistics: is the US sending Ukraine the wrong tank?

The Abrams demonstrates the pitfalls of Washington’s overcomplicated defence procurement system

Explainer. How much of a threat are Chinese spy balloons?

Musk wins investor lawsuit over Tesla ‘funding secured’ tweet

Australian battery group selected as preferred bidder for Britishvolt

Activision Blizzard pays $35mn SEC settlement over workplace complaints

Google invests $300mn in AI start-up Anthropic

FT Swamp Notes. Big Tech ventures into AI’s uncharted territory

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