US Supreme Court rejects Trump’s bid to end birthright citizenship
Ruling is major blow to president’s immigration agenda
World Bank to phase out China lending
Decision from global development institution follows years of pressure from the Trump administration
Supreme Court reminds America (and Trump) what citizenship is
The United States has always been based on the notion of welcoming newcomers from every country
Europe’s rearmament drive is sustaining 195,000 US defence jobs, Nato chief says
Mark Rutte makes economic case for Donald Trump to remain committed to the alliance in FT interview
Anthropic launches Claude Science in push for pharma revenue
New AI product has use cases in rendering 3D protein structures and drug discovery
Trump ally seeks to emulate Putin to stay in power in Serbia
Aleksandar Vučić says he plans to step down as president and return as premier after snap elections this autumn
Chinese exile Miles Guo given 30 years in prison for $550mn fraud
Businessman had fled to the US claiming persecution and then allied himself with the Maga movement
Supreme Court protects the Federal Reserve, but what about everybody else?
While the central bank’s independence was upheld, other agencies were not so lucky
The great wealth transfer rattling Wall Street
Tens of trillions of dollars are moving between generations — and younger heirs feel little loyalty to traditional advisers
Comcast to spin off NBCUniversal and Sky
Shares rise 20% as media group outlines plan to split broadcast and studio businesses
How Elliott is becoming the hedge fund industry’s new ‘Tiger cub’ factory
The vaunted investor Paul Singer has spawned a small army of new firms mirroring Julian Robertson’s ‘Tiger cubs’
Grim legacy of ‘Chavismo’ hinders Venezuela’s earthquake response
Socialist regime’s US-backed leader is facing a crisis as anger mounts over inadequate rescue efforts
Private equity fund investors turn to debt-like deals in downturn
Backers of buyout funds agreed $9bn worth of ‘alternative’ transactions last year, up from $6bn in 2024
John Bolton pleads guilty to mishandling classified material
Plea by former US national security adviser marks first victory in Donald Trump’s legal campaign against his political foes
The young Chinese choosing life in ‘ghost cities’
Urban castaways are making homes in half-empty towers left over from the world’s biggest housing boom
EY staff charged with accessing Australian prime minister’s bank details
Two men aged 21 and 25 were on secondment to country’s largest lender when alleged incident occurred
Ukraine argues it can legally attack Russia’s shadow fleet
Kyiv seeks to justify strikes on tankers after Russia accuses it of ‘terrorism’ in letter to IMO
Small plane crashes into Beijing’s tallest building
Debris seen falling from Citic Tower after propeller aircraft hit skyscraper in Chinese capital’s central business district
Heavy corporate AI spenders add staff faster than peers
Study of 22,000 US companies challenges fears that generative AI will trigger broad job losses
Dimon upends succession race at JPMorgan again
Longtime lieutenant Marianne Lake recently informed she was no longer a CEO contender as new top deputies are named
Trump warns of 100% tariff on countries implementing digital services tax
US president says levy would supersede any trade deals Washington has with other capitals
Chinese carmakers ‘knocking at US gate’ from Mexico and Canada
Beijing-subsidised vehicles emerge as flashpoint in North American trade relationship
America’s stillborn 250th birthday
An event that was meant to celebrate an exceptional nation has been cornered by one man
Ukrainian tycoon injured in Monaco bomb attack
Police hunt suspected bomber believed to have fled wealthy Mediterranean principality
Trump scraps signing of US housing affordability bill
Bipartisan legislation is designed to boost supply and curb institutional investors’ role in property market
China grounds light aircraft after Beijing tower crash
Flight operators say authorities issued indefinite nationwide airspace controls
Supermicro Taiwan offices raided in chip smuggling probe
Server maker’s shares fell about 8% after news of the investigation
Supreme Court blocks Trump from sacking Fed governor Cook
Justices say president can fire top regulator in separate decision
Baltic states urge EU to speed up ban on Russian oil imports
Talks about the phaseout stalled after the closure of the Strait of Hormuz sparked concerns of an energy supply crisis
Volkswagen’s brutal jobs cull sparks prospect of sale of crown jewels
Manufacturer squeezed €10bn valuation from cloak-and-dagger Everllence auction but may need more to fund restructuring
Lebanon’s deal with Israel sparks backlash
Hizbollah and allies say they will not adhere to US-backed agreement as Israeli troops continue to occupy territory
Javier Milei’s top aide resigns over corruption scandal in Argentina
Allegations against cabinet chief Manuel Adorni have engulfed libertarian government for months
China and the US, accidental climate saviours of the world
The EU carbon pricing model is being supplanted by Beijing’s green tech spending and Donald Trump’s oil price shock
‘I’m not the Godfather’, Albanian PM says
Edi Rama responds to weeks of anti-corruption protests over luxury resort linked to Trump’s son-in-law
Alan Greenspan dies aged 100
Longstanding Federal Reserve chair was lionised in office — but his legacy was reassessed in the financial crisis
Hormuz closure strands almost 1,200 cargo ships with $125bn worth of goods
‘Unprecedented’ blockade of the strait raises concerns about the future of global maritime trade, says insurer Allianz
Indian entrepreneur to lead WhatsApp as Zuckerberg brings in new blood
Fintech founder Kunal Shah to replace Will Cathcart who steps down after seven years leading the Meta-owned messaging app
EU allies join US pact to break reliance on Chinese AI supply chains
Jacob Helberg, architect of Pax Silica, tells the FT the American-led group will boost innovation
Burnham poised to succeed Starmer as UK prime minister
Outgoing Greater Manchester mayor gears up for talks with civil service as he prepares to enter Number 10 within weeks
Alibaba sues Pentagon over inclusion on Chinese military blacklist
Ecommerce giant claims US defence department’s ‘arbitrary and capricious’ decision lacked evidence
UK ‘irritated’ by EU move to delay key summit after Starmer’s resignation
July meeting about closer relations postponed as Brussels prepares for prospect of Burnham becoming PM
AI’s money machine faces first real test in Manhattan primary
Industry spends millions to target candidate who supports greater regulation of the technology
Putin sours on Trump over his latest Ukraine shift
US president ‘impressed’ with Ukrainian drones hitting targets deep into Russia, say officials
Private equity bosses turn to carried interest loans as payouts stall
Requests to borrow against future shares of profits are multiplying, as the buyout market remains slow
How Citadel built an energy empire from Enron’s ashes
From the ashes of Enron, Ken Griffin built a commodities empire that extends beyond financial trading
Trump ally blocks Czech president from Nato summit
Prime Minister Andrej Babiš triggers constitutional dispute with former Nato general Petr Pavel
SpaceX sheds $400bn in market value as debut rally hits reverse
Shares in Elon Musk’s AI and rockets group tumble more than 16% following fresh rise in US bond yields
Zelenskyy may have the last laugh over Trump
Ukraine’s president increasingly looks as if he holds the future of the west in his hands
US manufacturing jobs fall at fastest rate since the pandemic
Survey finds company executives are struggling with rising costs and shifting policy
Acclaimed bankruptcy lawyer James Sprayregen set to join Paul Weiss
Former Kirkland & Ellis partner helped turn firm into a restructuring powerhouse
US chipmakers lead Wall Street slide on rate rise worries
Nasdaq declines for second day with companies such as Nvidia under pressure
Labour MPs consider backing challenger to Andy Burnham
Favourite for next prime minister due to deliver speech on economic policy next week
Business elites fume as Takaichi shuns Japan’s smoky back rooms
PM has angered corporate executives accustomed to highest levels of government access
Six British PMs in 10 years. Why?
Keir Starmer’s successor will become the seventh leader in roughly a decade since the Brexit vote
Apollo’s flagship private credit fund hit by 17% redemption requests
Vehicle meets less than a third of withdrawal requests as investor exodus accelerates
SpaceX pitches investors juicy yields in $25bn bond deal
Bankers upsize offering after high borrowing costs lure investors
AI-powered threats may succeed ‘within months’, Five Eyes warns
Western governments and corporates cautioned that their lead in AI might not last long
Bain tests software takeover targets by vibecoding AI replicas
Private equity groups swiftly recreate software products to gauge their competitive advantages
Warsh has a chance to enact lasting reform at the Fed
Changing the inflation and balance-sheet frameworks will be key
America’s allies look to declare independence from the US
Traditional partners are rethinking their economic ties
Comcast’s Hollywood break-up marks its GE moment
Owning glamour businesses might be fun for the CEO and board but is not necessarily useful for shareholders
Tower crash calls Beijing’s air security into question
FT research identifies owner of vehicle under investigation at flight school linked to impact
Donald Trump and how strongman leaders fall
The downfalls of would-be autocrats in Hungary, Brazil and the Philippines hold lessons for America
US launches strikes on Iran after Tehran’s attack on container ship
Washington says ‘unwarranted aggression against commercial shipping’ violated ceasefire between adversaries
Yen weakens to 40-year low
Japanese currency slides past ¥162 a dollar as Federal Reserve’s hawkish shift piles on pressure
Italy’s Meloni accused of ‘authoritarian’ election overhaul
Opposition parties say prime minister’s proposed reforms aim to tilt next year’s general elections in her favour
Trump agrees to allow Iran to access $6bn of frozen funds to buy US goods
President says that money held in Qatar to be used to buy US medical supplies and crops
Foreign investors fear Japan is backsliding on reform
Pendulum ‘swinging back towards economic nationalism’, warns one private equity executive
British American Tobacco slashes 9,000 jobs
Maker of Dunhill cigarettes says cuts and outsourcing will affect about one in five jobs
Bayer wins crucial US Supreme Court ruling over Roundup weedkiller
Justices overturn verdict that became basis for billions of dollars in claims over warnings of alleged cancer risk
Stray Ukraine drones worth the price of hitting Russia, says Estonian minister
Margus Tsahkna asserts that EU negotiations with Moscow are premature
The new AI-based world order
A single factor is now dictating the hierarchy of global returns
Putin says Russia faces fuel shortages as Ukrainian drones strike refineries
President’s comments are first admission that Kyiv’s long-range attacks have dented production
US eases travel restrictions on Iran World Cup team
Washington lengthens time period that team can arrive on American soil before last group game against Egypt
Apple to fight $500mn patent bill at UK Supreme Court
Battle over licensing of mobile connection protocols could shape global rates for other technologies
America seeks its McDonald’s model for missile making
Defence groups are developing modular workshops that can mass-produce cheap missiles during wartime
The downsides of making $13tn of profit
Betting on US equity has been staggeringly lucrative for the rest of the world, but it is now far more exposed to a market crash
Rome airports warn of summer ‘disaster’ unless EU border controls suspended
Biometric checks must be put on hold to cope with passenger numbers, airports boss says
Magnificent Seven stocks shed $2.3tn in Wall Street tech rotation
Investors switch to soaring chipmakers benefiting from hyperscalers’ vast AI spending
Starmer seeks to ensure legacy before Burnham ascends
PM focuses on ‘making arguments’ about his domestic policies as he battles to avoid embarrassing rise in NHS waiting lists
Andy Burnham sets out ‘10-year mission’ to raise living standards
Prime minister-in-waiting will also pledge to go further on devolution as scrutiny grows over his likely policies
Inside Rolls-Royce’s quest to return to powering short-haul aircraft
CEO Tufan Erginbilgiç is seeking state backing for an engine it hopes will power the next generation of narrow-body jets
Ukraine’s vibe shift is bad news for Russia’s economy
As Kyiv’s battlefield fortunes change, policies long favoured by the west could now do real damage to Moscow
AI ‘exuberance’ risks ending in lengthy investment bust, BIS warns
Weak returns could trigger a sharp pullback in funding for tech companies that threatens the global economy
Google caps Meta’s Gemini use as AI demand strains capacity
Surging appetite for advanced models is turning computing power into the tech industry’s scarcest commodity
Argentina plots ‘golden passport’ scheme to pay down debts
Cash-strapped country to become one of the world’s largest to offer citizenship-by-investment under President Javier Milei
Bond giant Pimco flexes muscles with private placements push
Firm tries to capitalise on some borrowers’ need to raise cash as boundaries with public markets blur
Senate approves war powers resolution aimed at reining in Trump on Iran war
Largely symbolic resolution is a sign of disquiet over the US president’s handling of the conflict
How to bridge the impasse over Iran’s nuclear programme
If the next phase of negotiations fails, Washington and Tehran could find themselves locked in an endless cycle of war
How Europe’s refineries helped save your summer holiday
Plants pushed jet fuel production to record levels after Iran war cut off Middle East export routes
Mines will hold back Strait of Hormuz shipping for months, CEO warns
NYK’s Takaya Soga says safe routes are ‘extremely limited’, restricting traffic to half prewar levels
Robots, not chatbots, will realise AI’s potential
Factory-floor applications of the technology could significantly enhance rich-world economies
QuidelOrtho looks to sell testing unit as PE circles healthcare companies
Diagnostic company’s shares are down 90% since its rapid antigen tests were the first to be approved for Covid-19
Venezuela earthquake death toll climbs amid anger over slow response
Country’s US-backed interim leader Delcy Rodríguez accused of failing to provide help for the victims
No, we have not had enough of experts
Trust in specialists is growing 10 years after Brexit but employers still need more of them
‘Tit-for-tat’ trade warfare threatens global economy, says IMF chief economist
Pierre-Olivier Gourinchas, who is leaving the fund, warns attempts to gain small advantages will be ‘self-defeating’
Utility boss warns US faces blackouts due to power supply shortfall
Exelon chief executive says electricity bill increases are necessary to fund infrastructure to support AI boom
Shorts-wearers of the world, unite!
As summer temperatures soar, it makes no sense — sartorially or environmentally — to stick with long trousers
Trump’s power is waning. But is Trumpism here to stay?
As a war-damaged president faces midterms, a battle looms for the future of US conservatism that the hard right is well placed to win
Volkswagen’s mass lay-offs are a call to action for a sleepy EU
Carmaker’s move will ratchet up the pressure on European policymakers to slap restrictions and trade barriers on China
OpenAI releases GPT-5.6 to select users vetted by US government
San Francisco-based company announces ‘limited preview’ of new models with powerful cyber security capabilities
Who is ‘El Tigre’, Colombia’s Trumpian new president?
The firebrand criminal lawyer has won the presidency, vowing to crush drug traffickers like cockroaches
How quickly should a battered Venezuela restructure its debt?
After two devastating earthquakes, the country is trying to seal a quick deal with bondholders but some are concerned
Donald Trump Jr set for Kalshi windfall after prediction platform gave him stake
Privately owned company’s valuation has soared as US administration has adopted a light-touch approach to the sector
US banks would lose $700bn in economic crash, Fed stress tests find
Several Wall Street lenders boost investor payouts after receiving pass grades
Volkswagen to axe up to 100,000 jobs in sweeping cost-cutting drive
Restructuring would remove close to one in six workers and rank among biggest corporate lay-offs of all time
Trump administration allows some access to Anthropic’s Mythos
Move eases tension with AI lab but unease over Washington’s ad hoc regulatory approach remains
Atlanta Fed struggles to find new chief after Raphael Bostic’s departure
Search committee has not identified a candidate to pitch to central bank’s Washington board of governors
Brutal nights and humidity mark Europe’s record June temperatures
Daytime peaks on the continent rising three times as fast as the wider rate of global warming, scientists say
Attack in Strait of Hormuz halts evacuation plan for stranded ships
International Maritime Organization announces pause after container ship was hit by ‘unknown projectile’
Trump administration asks OpenAI to stagger release of new model to vet users
The US Treasury, commerce department and other government offices request limited distribution of GPT 5.6
Robot nation: China’s bid to beat its demographic decline
The country’s workforce is set to fall to 300mn by the end of the century. Beijing wants humanoids to narrow the labour gap
Kevin Warsh’s tough talk on inflation reassures investors
New Fed chair’s hawkish words and the fall in oil drive down long-term expectations for price rises
Snow polo, honeypots and private jets: banks race to woo the wealthy
Private lenders jostle to win UK’s rich customers who demand more than the traditional branded cheque book and pen
SpaceX bond sale signals markets are in ‘bubble territory’, warns Allianz CIO
Debt investors will scrutinise Musk’s rocket company more closely than equity markets, says Ludovic Subran
SpaceX plans Starlink mobile push into US consumer market
Move would test whether group can turn sky-high ambition into a mass-market phone business
German carmakers embark on historic job cuts as Chinese rivals flood market
Threat to industrial model of Europe’s largest economy mounts
SpaceX bonds sell off days after AI and rocket group’s $25bn debt deal
Yields move towards levels commonly associated with junk-rated companies
Dimon promotes two potential successors at JPMorgan
Marianne Lake leaves bank as Doug Petno and Troy Rohrbaugh handed two of its largest divisions
The shrinking arguments for degrowth
Economic growth isn’t everything for everyone, but it turns out it’s pretty close
White House seeks $88bn from Congress as Trump clashes with Republicans
Request comes hours after lunch between the US president and GOP lawmakers descends into shouting match
Competition intensifies for Anthropic and OpenAI ahead of IPOs
Renewed challenge from open-source models raises stakes on AI labs to make their case
Your summer holiday is a retirement killer
The capitalised value of that all-inclusive fortnight will scare you
The ever weirder world of venture capital
Why the Power Law remains a guiding principle of the high-risk, high-reward VC game
Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude
AI company says the Chinese ecommerce giant used fake accounts to ‘extract’ chatbot’s capabilities
The future of TV: lots of choice, lots of hassle
The fracturing of platforms has created both delight and frustration for viewers
What if ideas aren’t getting harder to find, after all?
Large companies may have just become better at hiding the fruits of their labour
Bain Capital set to buy controlling stake in VW’s marine engine unit
Carmaker moved to sell the Everllence division after pressure to cut costs and debt
Qualcomm reveals Meta as first Big Tech customer for data centre chips
Announcement of deal along with higher revenue outlook boost shares as much as 15%
Venezuela rocked by two huge earthquakes
Local officials warn of fatalities as people left trapped under rubble
Trump’s tests of the US justice system
For the time being, it is just about holding
Disney draws viewer support in deepening fight against Trump administration
Media group calls on audience to join its defence against attacks by chair of Federal Communications Commission
Anthropic has hired an economist with . . . interesting views on human survival
Skynet versus unending rainbows
Credible deterrence requires a new Nato bank
Capital rules prevent the defence ecosystem from getting financing at the volume it needs from commercial lenders
How HSBC ended up at the centre of a $330mn embezzlement scandal
The lender’s Swiss unit is under formal investigation over whether it helped Lebanese central bank boss’s alleged scheme
Heatwave shows we are marinating in a crisis of our own making
Political inaction in the battle against climate change is costly and getting costlier
Japan IPOs fall to 15-year low with no rapid rebound in sight
Tokyo’s surging stocks fail to jump-start lacklustre listings market in first half of this year
Mamdani-backed candidates sweep New York primaries
Democrat voters shift allegiance to new generation of leftwing politicians
Putin’s system is in a state of slow implosion
Look to the erosion of fiscal discipline to see where the problems lie
Maersk raises profit guidance as new US tariffs fuel demand
American companies rush to stockpile goods ahead of fresh round of levies
Britain’s grid operator calls for more electricity as temperatures soar
Extreme heat increases demand for power and reduces efficiency of solar panels
The rise and fall of US hegemony
On the eve of its 250th birthday, America and the world order it created are in crisis
What a decade covering Burnham reveals
What 10 years covering the Manchester mayor’s many reinventions taught me about the man who wants to lead Britain
Venezuela to reveal $240bn debt pile in world’s largest restructuring
Caracas to disclose it has much more borrowing than expected after overthrow of Maduro
Pete Hegseth forces out top US army officer in Europe
General CD Donahue will announce his retirement on Wednesday, according to people familiar with the matter
S&P 500 notches longest losing streak in 10 months as chipmakers slide
Software stock-led recovery proves fleeting as Wall Street’s main indices fall for fifth consecutive session
Bitcoin hits 20-month low as market sentiment sours
Price of world’s most actively traded digital asset falls below $60,000 amid shift by retail investors to AI-related stock bets
US says it has agreed deal with Iran to halt strikes and resume talks
Tehran yet to confirm end of tit-for-tat attacks that threaten fragile truce in Strait of Hormuz
US defence groups to meet Trump as missile production struggles
The administration is seeking to rebuild conventional weapons stockpiles while regearing for modern warfare
UK’s Bridgepoint nears deal to buy real estate unit in bet on US property
London-based buyout group is looking beyond its traditional speciality in corporate buyouts
Is this teenage girl North Korea’s next dictator?
Emergence of Kim Jong Un’s daughter at many public events fuels speculation that she is being lined up as a leader
Comcast’s ‘amicable divorce’ unwinds Hollywood’s corporate experiment
NBCUniversal split sparks talk of future deals amid ongoing media and entertainment consolidation
Aramco helicopter crashes at Saudi port
At least 14 killed in Ras Tanura incident just hours after US-Iran strikes threaten fragile deal to reopen Strait of Hormuz
US carries out second day of strikes against Iran
Military action in response to Iranian attacks on shipping is a further blow to hopes of sustained ceasefire
Apple seeks to buy memory chips from blacklisted Chinese company
The iPhone maker wants Trump administration to sign off on purchases to ease pressure from rising chip prices
Apple increases MacBook and iPad prices by 20%
iPhone maker loses $263bn in market capitalisation, blames costs on AI-driven memory shortage
Oil price back at prewar levels as Gulf flows pick up
Brent crude drops below the $72.48 a barrel it traded at in late February before Iran conflict erupted
Micron posts 15-fold profit surge as AI companies clamour for chips
Shares rally in after-hours trading as chipmaker forecasts sustained demand for computer memory
Qatar says US-Iran hotline essential to stop rogue actors impeding Hormuz reopening
Prime Minister Sheikh Mohammed says Gulf state will resume normal LNG production within weeks
Gold heads for worst quarter in more than a decade as retail frenzy fades
Expectations of higher interest rates fuelled by Iran war help end bullion’s record rally
Aircon: the latest front in France’s culture wars
As heatwave intensifies, far-right champions air conditioning while the left calls for renovations and green spaces
Apollo co-founder Leon Black faces US lawmakers over Epstein links
Billionaire tells House oversight committee he had no involvement in late sex offender’s crimes
Micron shares jump as blockbuster results spark Wall Street tech shake-up
Apple’s stock slides after company unveils price rises linked to ‘unprecedented’ cost of memory chips
Cathie Wood’s bet on football group turned crypto hoarder backfires
Ark Invest and a UAE fund stand to lose as shares in Brera Holdings tumble
US stocks chalk up biggest quarterly gain in six years
Investors navigate Iran war fallout, chip stock volatility and blockbuster SpaceX IPO
Blackwater founder Erik Prince: Trump was ‘badly advised’ on Iran
The mercenary-in-chief on facing public anger — and the role that private contractors will play in the future of war
Trump’s Iran deal is better than ongoing war
The president has made many errors in his policy towards Tehran, but signing the MOU isn’t one of them
Nato chief reveals Italy allowed US planes to use bases in Iran war
Mark Rutte puts Giorgia Meloni under pressure by disclosing Rome let 500 aircraft take off in Operation Epic Fury
Trump demands ‘loyalty’ from Nato allies and slams lack of support in Iran war
US president singles out alliance members, including the UK, after meeting secretary-general Mark Rutte
Australia spy chief warns of rising threat of Iran-backed terrorism
ASIO’s Mike Burgess says war in Middle East could fuel further violence by Tehran-aligned groups abroad