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Bond market points to Fed standing firm in battle against inflation

US yield curve is at its most inverted since 1981 in sign investors see recession on horizon

2 hours ago

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

America’s shipwrecked working class

British Secret Intelligence Service

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

Editor's picks

Inside Business. Rupert Murdoch’s tricky dilemma over Trump

Trade Secrets. The risk of talking down trade

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

Chinese business & finance

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

Government looks to growing rental sector to ease crisis among real estate developers

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

Oil & Gas industry

Western officials blame Turkey for oil disruption

At least 22 crude tankers have been stopped from crossing country’s waters over fears in Ankara about insurance

2 hours ago

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

Global inequality

Big cities drive half of global economic growth

Data highlight the importance of urban areas, not nations, in driving development

2 hours ago

Spotlight

Financial services

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

After 15 years of scandal and state aid, Rome was prepared to bend the rules to ensure the world’s oldest lender could be safely sold off

2 hours ago

Why ‘goblin mode’ is good for you

Forget matcha lattes and cashmere tracksuits — going grunge is the real self-care

News

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

Argentina’s Cristina Fernández de Kirchner convicted of corruption

US fund managers cross Atlantic to buy European oil stocks

Shares of BP and Shell trade at sharp discounts to American peers after energy commodity rally

2 hours ago

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

Most read

US midterm elections

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

Win for Raphael Warnock strengthens party’s hold on upper chamber and prompts Republican hand-wringing

2 hours ago

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

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

‘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

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

African politics

ANC grassroots back Ramaphosa — for now

Party fears losing its biggest electoral asset ahead of crucial elections next year

2 hours ago

TikTok faces growing Republican backlash over security concerns

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

Pentagon splits $9bn cloud computing contract among tech giants

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

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

Opinion

The Conservatives risk being consumed by Faragism

With its leaders pandering to the right, the party is pushed into ever more incendiary promises it cannot deliver on

Robert Shrimsley

Is there no shame anymore?

Sam Bankman-Fried’s mere ‘embarrassment’ at the collapse of FTX is a symptom of our inability to find shared moral values

Outlook. Zero-Covid has hewn China into separate fiefdoms

Lex. GSK/Zantac: heartburn treatment avoids legal remedies

Audit reform should not dance to the Big Four’s tune

Michael O’Dwyer

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

FT Magazine. Ivanka Trump is reading the room

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

The editorial board

More Opinion

US News

Beijing allows US export-control checks on Chinese tech companies

Biden administration says China’s commerce ministry has allowed inspections ahead of trade blacklisting deadline

Democrats expand Senate majority after winning Georgia run-off

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

Podcasts

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

23 min listen

FT News Briefing. Political turmoil in Peru

10 min listen

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

27 min listen

Behind the Money. Credit Suisse’s last chance

20 min listen

The mysterious disappearance of Kiwi shoe polish

Review. Emma Corrin is luminous in gender-switching fantasy Orlando

HTSI. The playground project

Auction sales slide in Hong Kong

European prime property

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

Video

Energy Source18 min

Has Big Oil changed? | FT Film

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Manufacturing in America, post-globalisation | FT Film

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Food & Drink13 min

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

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Climate change18 min

Can India adapt to extreme heat? | FT Film

674 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

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

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

1 hour ago

Labour to unveil new plan for supporting UK small business

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

Beijing allows US export-control checks on Chinese tech companies

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