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    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

    opinion content. 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
    The Big Read. Lex in depth: the staggering cost of a green hydrogen economy
    Saudi crown prince turns to ‘state capitalism’ after change in the guard

    Top stories

    Banks
    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

    Saudi Arabia in talks to join China-based ‘Brics bank’
    Turkey
    Turkish voters head to the polls in crunch time for Erdoğan

    Final round of presidential election pits longtime leader against opposition alliance

    The patronage network behind Erdoğan’s bid for third decade in power
    Semiconductors
    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
    EU trade
    Europe’s green transition impossible without China, says Dutch minister

    EU seeks to untangle some of its dependence on Asian powerhouse but remains more cautious than US

    Spotlight

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

    Appointment of wunderkind economist who served in Obama cabinet marks grand experiment for storied investment bank

    Martin Amis
    opinion content. 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

    Janan Ganesh

    Best of Weekend FT

    HTSI. The cosmic heirs of Hilma af Klint

    The spiritual Swedish painter is being channelled by a constellation of contemporary artists

    opinion content. The world wobbles; the luxury industry strides on
    Robert Armstrong
    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
    FT Magazine. Why are teenagers obsessed with pretty coquette picnics — and why are so many adults copying them? 

    Park hangouts used to be simple, but childhood nostalgia and disposable income have transformed them into an elaborate trend

    opinion content. The futile pursuit of good taste
    Jo Ellison

    Most read

    1. White House reaches deal with Republicans to avert US debt default
    2. opinion content. Buffett’s intriguing bet on Japan
    3. Beverly Hills voters reject LVMH luxury hotel on Rodeo Drive
    4. How Nvidia created the chip powering the generative AI boom
    5. Saudi Arabia in talks to join China-based ‘Brics bank’

    News

    Indian business & finance
    Interview. India’s biggest alternative asset manager bets on private credit

    Kotak Investment Advisors is competing against private capital giants and pension funds for deals

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

    ALD completed its €4.8bn acquisition of rival LeasePlan last week

    Leadership
    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

    Cyber warfare
    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

    Formula One Holdings Ltd
    Interview. F1 Academy’s Susie Wolff: ‘This will not fail. It has too many people behind it who want to see it be successful’

    The new, all-female racing circuit is not under pressure to become self-funding anytime soon

    Australian politics
    Racial abuse of veteran indigenous Australian journalist triggers uproar

    Targeting of Stan Grant highlights tensions ahead of referendum on recognition of First Nations peoples

    Visual and data journalism
    Datawatch. Recession fears are more widespread than actual recessions, poll suggests

    Other charts of the week: remote working, legal protections for LGBT+ people and trade union members’ wages

    Illumina Inc
    Illumina accused by Brussels of ‘delay tactics’ on Grail divestiture

    World’s biggest gene sequencing company rejects EU’s fast- track application

    Opinion

    US News

    Beverly Hills voters reject LVMH luxury hotel on Rodeo Drive

    Union opposition dooms Bernard Arnault plan for group’s first US hospitality project

    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
    Drug wars threaten Ecuador’s stability ahead of election

    More US News

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    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
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    Behind the Money. Does anyone want a digital euro?
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    Life & Arts

    House & Home
    opinion content. Auction hunter: how my ‘sleeper’ got away
    House & Home
    House museums #18: Sir John Soane’s Museum
    Film
    Review. Six films to watch this week
    Wine
    opinion content. FT Magazine. Bell Hill, New Zealand: the first vineyard visit that left me feeling sad
    HTSI. The UK’s best bakeries: the readers’ picks

    Video

    Hillary Clinton52 min
    video content. Hillary Clinton on China, Putin and the threat to US democracy
    Italian politics19 min
    video content. Italian companies suffer Russia market loss | FT Film
    US manufacturing29 min
    video content. Why 3D printing is vital to success of US manufacturing | FT Film
    World36 min
    video content. North Korea and the triads: gangsters, ghost ships and spies | FT Film

    Highlights

    opinion content. 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

    Roula Khalaf
    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
    opinion content. Doom-mongers are wrong to underestimate the European economy
    Martin Sandbu

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    Markets News

    UK regulator probes sustainable loans market

    FCA interviews bankers and borrowers about transparency of loan targets

    markets content. Markets Briefing. US stocks hit 9-month high on solid data and debt ceiling hopes
    Market jitters push Turkish lira to fresh low ahead of presidential vote
    Yield-hungry investors push US money market assets to record $5.4tn
    Norway’s oil fund sides with climate activists against Exxon and Chevron
    Private equity investment trust discounts widen
    markets content. Markets Briefing. Wall Street stocks led higher by Nvidia’s blowout results

    More markets news

    Technology

    Air taxi start-up Vertical Aerospace delays service launch by a year

    Bristol-based flying taxi start-up pushes back service entry to 2026 as certification schedule slips

    Live news updates from May 26: Yellen says June 5 could be ‘X-date’, Turkish lira hits record low
    How Nvidia created the chip powering the generative AI boom
    opinion content. Letter from the editor on generative AI and the FT
    Roula Khalaf
    Portugal paves way to a Huawei ban on country’s 5G network
    Klarna’s losses halve as Swedish fintech predicts return to profit
    Reliance seeks retail dominance in India with comeback deal for Shein

    More technology

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