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US economy added 339,000 jobs in May defying expectations of a slowdown

Economists had predicted just 195,000 hires last month amid lower wage growth

updated

Resilient US junk bond market baffles investors

Why America’s economic policy muddle matters

‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine

Editor's picks

Musk and Dimon lead corporate charge to Beijing as ties with US fray

1 hour ago

Global Insight. Macron needs more than ‘strategic humility’ to woo Europe’s east

Top stories

Ireland suffers sharp fall in first-quarter GDP

Live

Markets Briefing. US futures higher after strong employment data

updated

Russian concerns on Ukraine must ‘be taken into account’, says Brazil

Leftwing president’s foreign policy adviser warns western leaders’ stance risks provoking a wider conflict

Lula nominates personal lawyer to Brazil’s supreme court

AI will create ‘more losers than winners’ even as Nvidia soars

Big investor says chipmaker will be among handful of tech groups to drive stocks higher

US politics & policy

US Senate passes bill to end debt ceiling stand-off and avoid default

Legislation heads to Biden for his signature just four days before Treasury deadline

‘Faith in the Speaker’: McCarthy defies critics with US debt ceiling win

Spotlight

Lunch with the FT. Sci-fi writer Ted Chiang: ‘The machines we have now are not conscious’

The visionary author on the limits of AI, the uses of science fiction — and why there’s a ‘market opportunity for volleyballs’

1 hour ago

Undercover Economist. Will ChatGPT be Homer Simpson’s salvation?

Not all transformative technologies destroy jobs. Some help to level the playing field

News

Turkish politics

Investor favourite Mehmet Şimşek set to return as Turkish finance minister

Move signals that President Recep Tayyip Erdoğan may be open to a more orthodox economic approach

2 hours ago

Brussels urges UK to join trade pact to ease risk of post-Brexit car tariffs

Trade experts warn British membership of Pan-Euro-Mediterranean convention is not ‘immediate fix’

Nine die in Senegal clashes after opposition leader jailed

Violence erupts in Dakar and southern town of Ziguinchor after presidential hopeful Ousmane Sonko convicted of ‘corrupting youth’

1 hour ago

Most read

US-China relations

The Big Read. How the US is deepening military alliances in China’s backyard

The Biden administration is stepping up security initiatives to boost deterrence and better prepare for potential conflict over Taiwan

Saudi Arabia expands lithium processing to supply BMW

Second facility planned as EV battery supply chains begin to develop outside China

Australia’s biggest pension fund freezes new business with PwC over tax scandal

AustralianSuper is latest organisation to suspend work with the Big Four firm over leaks of confidential government information

UK’s pension lifeboat fund slashes equity allocation

Binance loses market share after regulatory clampdown

World’s biggest crypto exchange hit after moves by New York regulators and CFTC

Facebook to block news for some users in Canada

Social media platform’s parent company Meta seeks to deter law forcing online groups to pay publishers and broadcasters for content

new

Dechra agrees £4.5bn takeover offer from buyout group EQT

Move for veterinary pharma company would represent one of biggest UK private equity deals this year

‘Primate AI algorithm’ predicts genetic health risks

Scientists apply deep learning to expanded DNA database to help identify disease-causing mutations in humans

UK Covid inquiry

UK government takes legal action over Boris Johnson’s Covid messages

Cabinet office reveals former PM’s WhatsApp communications only date back to May 2021

Opinion

Why Wall Street is trying to shake up the 2024 race

American investors fear a Biden-Trump rematch, but history may beat chatter when it comes to a third-party candidate

Refugee children must be exempted from cruel and punitive ban

There is no evidence that including under-18s in the illegal migration bill’s block will deter them, but it will cause misery

Interview. Andrew Scott: ‘We have to invest much more in our future selves’

The great ‘Brexit’ and ‘coalition’ taboos are holding the Lib Dems back

Expectations for Nigeria’s president are so low, all he has to do is beat them

Beware ‘death by GPT syndrome’

Inside Business. Apple’s mixed reality headset is a hedge against disruption

Markets Insight. Why private capital flows in the EU remain sluggish

More Opinion

US News

‘People rot from the inside out’: lethal xylazine deepens the US drug crisis

Cartels are cutting fentanyl with the cheap sedative, driving a surge in overdoses in cities such as Philadelphia

US-China tensions have upended global order, Jamie Dimon warns

Loan market braced for rush to Libor finish line

Top Fed official sees no ‘compelling’ reason to wait for fresh rate rise

Pentagon accuses Chinese fighter jet of ‘aggressive’ action near US plane

Total and Belgian energy start-up plan US synthetic gas investment

Goldman weighs another round of job cuts as dealmaking drought persists

Podcasts

FT Weekend podcast. The gangs risking their lives for copper in South Africa

22 min listen

FT News Briefing. What did the fight over the US debt ceiling cost?

9 min listen

Rachman Review. Is the Ukraine war reaching a turning point?

17 min listen

Behind the Money. Best Of: Inside Johnson & Johnson’s bankruptcy two-step

35 min listen

Review. The best books of the week

HTSI. The reinvention of Lily Allen

The many perils — and occasional pleasure — of owning a vineyard

The laid-back charm of octogenarian style

Review. One Fine Day by Ian Marchant — meet the ancestor

Video

Hillary Clinton52 min

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

281 hours ago

Italian politics19 min

Italian companies suffer Russia market loss | FT Film

921 hours ago

US manufacturing29 min

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

1065 hours ago

World36 min

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

1521 hours ago

Highlights

How Taiwan became the indispensable economy

Fearing a potential conflict in Asia, western companies are looking to move production out of Taiwan. But turning away from the self-ruled island will come at a high price for manufacturers

‘The garden of war’: horseback killers return to Darfur

Nikkei Asia. Indian start-up valuations are slashed by global investors

How reliable are the UK’s migration statistics?

The Big Read. Has China become too cosy with private equity?

Letter from the editor on generative AI and the FT

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

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Inclusion, from rhetoric to reality

Outstanding Directors Exchange

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