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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has told lawmakers he wants to end the special tax treatment of private equity and hedge fund profits known as “carried interest”, setting up a potential clash with America’s wealthiest financiers.

Trade tariffs are widening the divergence in monetary policy paths between the US and Europe, according to some economists. Daniele Antonucci, chief investment officer of Quintet Private Bank, said that, given “divergent economic trajectories”, the Bank of England had more incentive to cut in the near term than its US counterpart. The bank would probably

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s plans for the US to take over Gaza have been met with anger and dismay across the Arab world, and raised fears of reigniting conflict in the region. The US president

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s 25 per cent tariffs on Canada’s and Mexico’s exports, along with the 10 per cent tariff on China’s, change the world. This is true even though tariffs on the first two

A new wave of economic nationalism has swept across Canada as Donald Trump’s tariffs inspire anger but also a patriotic campaign to “Buy Canadian”. ‘Made in Canada’ signs have popped up in grocery stores, lists of Canadian alternatives to US products are being circulated and comedians are devoting skits on national television to how best

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The EU has said it regrets US President Donald Trump’s decision to hit Canada, Mexico and China with sweeping tariffs, and said it would respond firmly if a threat to expand the trade

Donald Trump has long declared himself a “tariff man” willing to impose sweeping levies on imports from countries that have hurt America. But on Saturday, the 78-year old US president took the first dramatic step of his second term towards putting that vision into practice — placing trade wars and economic nationalism at the top

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Canada’s former finance minister Chrystia Freeland has said Ottawa should retaliate to any US tariffs by adding huge levies on Tesla vehicles to punish Elon Musk, one of Donald Trump’s “billionaire buddies”. Freeland,

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US will go ahead with plans to hit Canada, Mexico and China with new tariffs, the White House has said, heightening the risks of a trade war. Washington will hit Canada and

Bank of Canada governor Tiff Macklem said the central bank’s projections showed US tariffs would probably put Canada into a recession. BoC modelling, based on a scenario in which the US imposes permanent 25 per cent tariffs on every one of its trading partners and those nations respond in kind, shows a likely 2 per

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ASML, the chip manufacturing equipment maker, said orders for its most advanced machines surged last quarter, suggesting producers of artificial intelligence processors were increasing capacity before China’s DeepSeek this week triggered a panic over future

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US federal agencies are set to freeze the payment of hundreds of billions of dollars of domestic federal grants and loans on Tuesday in President Donald Trump’s latest aggressive move to slash and

OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at

When Italian financial power broker Mediobanca helped its longtime client Monte dei Paschi di Siena structure a make-or-break capital raising in 2022, little did it know it would ultimately become a takeover target for the former poster child of the country’s failed banking system.  On Friday, MPS astonished investors by launching a €13.3bn all-share bid

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US diplomats have requested an urgent exemption for Ukraine-related programmes from a 90-day freeze on foreign aid and “stop work” orders issued by secretary of state Marco Rubio, according to documents seen by

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world One of Donald Trump’s most controversial cabinet picks has been narrowly confirmed by the US Senate to head the Pentagon, despite allegations of sexual assault and alcohol abuse.  Pete Hegseth will become US

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has started his second term as predicted: with a fusillade of executive orders, memos, vows, musings and overheated rhetoric. The world has had at least a year to brace itself for

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Cutting red tape, unleashing, debottlenecking — these are all great business-friendly policies. They work wonders on industries previously fettered by regulation. But there is little evidence that this has been the case for

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s competition watchdog has launched an investigation into Apple and Google’s mobile platforms, just days after the government forced out its chair as part of a push to cut the regulatory burden on business.

Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. European banks are on course to return close to €123bn to shareholders for the second consecutive year as lenders lift dividends above their pre-financial crisis peak and buybacks soar. The largest listed European and UK