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Credit Suisse Group AG

Swiss regulator defends $17bn wipeout of AT1 bonds in Credit Suisse deal

Writedown after takeover by UBS enraged holders of risky bonds

3 hours ago

US bondholders prepare to sue Swiss government over $17bn Credit Suisse wipeout

Lex. Credit Suisse AT1s: legal battle may bake in a Swiss discount

Renewable energy

The Big Read. Solar power: Europe attempts to get out of China’s shadow

Editor's picks

Inside Business. Risk of ‘industrial capture’ looms over AI revolution

Madhumita Murgia

Beware the ‘sensible’ crypto crowd — they’re worse than the fanatics

Top stories

BoE forecast to raise key interest rate by quarter point to 4.25%

Live

Markets Briefing. European stocks fall as central banks press on with rate rises

Federal Reserve

Looming credit crunch intensifies pressure on Fed

US central bank’s rate-raising campaign thrown off course by worst bout of financial turmoil since 2008 crisis

Unhedged. Powell splits the difference

Robert Armstrong

Commercial property risks rise up bank investors’ worry list

Fears mount that a further retreat from real estate lending could lead to a wider credit crunch

Ford forecasts electric vehicle division will lose $3bn this year

Costs mount as US company pursues goal to make 2mn battery cars and trucks by end of 2026

new

FT Magazine. We should regulate SUVs out of existence

Spotlight

US-China relations

US businesses shy about attendance at China’s Davos

Beijing’s flagship development conference kicks off in shadow of tensions with Washington

Trade Secrets. EU seeks to tone down the imperial style in search for critical minerals

A trade deal with Chile shows Brussels is trying to appear to be a development partner rather than a neocolonial extractor

News

Germany risks running out of gas next winter, regulator warns

Klaus Müller says industry and households will have to make more savings to avoid power crisis

Arm seeks to raise prices ahead of hotly anticipated IPO

SoftBank-owned group aims to charge more for each chip design in radical shake-up of business model

China holds up Arm’s exit from troubled joint venture

Toshiba approves $15bn buyout offer from Japanese private equity fund

Sale of struggling conglomerate would be country’s largest take-private deal

2 hours ago

Most read

French politics

‘Master of clocks’: can Macron wait out a crisis of his own making?

The French president is playing for time but his ability to deliver on his reform agenda has already been compromised

Macron holds firm on pensions reform in face of public anger

Bank shares slide as Yellen plays down ‘blanket’ deposit guarantee

US Treasury secretary says Biden administration is not considering a move to broaden insurance for lenders

Bank of England says it warned US regulators over SVB risks before its collapse

TikTok chief faces pivotal hearing in Congress amid US crackdown

Shou Zi Chew’s testimony comes as lawmakers raise concerns over social media app’s relationship with China

2 hours ago

Iran’s finance minister highlights surge in investment from Russia

Growing ties underscored as Moscow becomes Islamic republic’s biggest source of overseas direct investment

Ryanair Holdings PLC

Ryanair restarts talks with Boeing over new aircraft order

Airline’s chief executive optimistic there is a ‘deal to be done’

Starbucks braced for price war in China as rivals pile into coffee market

Chains backed by private equity bet consumers will turn social pastime into daily routine

Chipmakers fight spread of US crackdowns on ‘forever chemicals’

Intel helped form lobbying group that has opposed state legislation on PFAS

New Mars boss bets on petcare as private empire aims to double sales

‘Societal trends’ are driving a boom in animal services at a company best known for chocolate

Opinion

The FT View. A dangerous friendship

Vladimir Putin’s reliance on China gives Xi Jinping leverage that he should use

The editorial board

Free Lunch. Policymakers are bungling their response to failing banks

You are doomed to repeat the errors of the last crisis if you don’t use the tools put in place since then

Post-Brexit UK should pursue short-selling reforms to boost markets

A hefty shock awaits those who see little difference between Starmer and Sunak

Robert Shrimsley

Ditching Mifid research rules will help London market but is no panacea

It’s unwise to get Trump on a technicality

National security is teaching the US to love tech controls

Marietje Schaake

Sustainable investors don’t need ‘green bleaching’

More Opinion

US News

Fed presses ahead with quarter-point rate rise despite banking turmoil

US central bank signals it may soon call time on its monetary tightening campaign

EY’s US boss: ‘premature’ to say if break-up plan can be salvaged

new

PacWest secures $1.4bn of cash from Atlas after deposits fall 20%

Trump media Spac dismisses CEO and confronts delisting threat

Carvana to attempt restructuring of $9bn debt load

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

TikTok caught in US-China battle over its powerful algorithm

Podcasts

FT News Briefing. The Fed passes on a pause

10 min listen

Behind the Money. Martin Wolf on why banks fail and what to do about it

20 min listen

Working It. The unintended consequences of mass lay-offs

18 min listen

Tech Tonic. The quantum revolution: ‘Spooky action’

25 min listen

FT Magazine. Everything I, an Italian, thought I knew about Italian food is wrong

HTSI. Samuel Ross – master of the multidisciplinary space

Review. To Battersea Park — a return to lockdown London

Review. Further than the Furthest Thing, Young Vic review — a volcanic contemporary classic

Art Basel Hong Kong shows there’s life in the city’s art market yet

Video

Cryptocurrencies30 min

FTX: the legend of Sam Bankman-Fried | FT Film

414 hours ago

Scoreboard10 min

The business of Formula 1: inside McLaren HQ

558 hours ago

Brexit28 min

The Brexit effect: how leaving the EU hit the UK

3743 hours ago

FT Standpoint14 min

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

1182 hours ago

Highlights

‘Perhaps she will not spoil the atmosphere after all’: women mark 50 years trading at the LSE

Some of the first female traders recount how they started on the floor of the exchange

From SVB to the BBC: why did no one see the crisis coming?

Dear Jonathan. I am stuck on a consultancy project I don’t like. How do I accelerate a move?

Affairs and takeovers but absolutely no secret agendas

Rutherford Hall

The Big Read. Singapore and Hong Kong vie to be the Caymans of Asia

The envy at work that dare not speak its name

The Big Read. Microbes on the farm: a solution for climate change?

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