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Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. A pile-up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks when they report fourth-quarter earnings this week. Non-performing loans — debt tied to borrowers who have

The burnt-out wreckage of a Japan Airlines plane at Tokyo’s Haneda airport was a sobering reminder that many of aviation’s worst accidents happen on the ground rather than in the air. Safety investigators spent the week probing the sequence of events that led to a collision between the JAL Airbus A350 and a smaller coastguard

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US federal regulators have temporarily grounded some Boeing 737 Max planes in American airspace after a section of an Alaska Airlines jet blew out in mid-air. The emergency directive from the US Federal Aviation Administration

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Supreme Court has agreed to consider whether Colorado can ban Donald Trump from the presidential ballot, setting the stage for a potentially landmark legal decision and political firestorm that will have major implications

Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The share of electric cars sold in the UK fell for the first time last year, casting doubt over whether manufacturers will meet binding new green targets and prompting industry calls for tax cuts. Electric

Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Saudi Arabia and China were among 20 foreign governments that spent at least $7.8mn in total at properties owned by Donald Trump while he was president, according to a report released by congressional

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran said two “terrorist attacks” killed more than 100 people near a commander’s grave on Wednesday, according to reports by state media. Two explosions in the southern city of Kerman hit crowds gathering to commemorate

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior Hamas leader has been killed in an explosion at one of the group’s offices in Beirut, an attack that Lebanon blamed on an Israeli drone strike.  Hizbollah, the powerful Lebanese militant movement, told

Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb. Benko’s Signa Group, which bought stakes in the two trophy assets and amassed a €27bn ($29bn) property portfolio, racked up at least €13bn in debt during the years when the cost of borrowing

Central bankers are rethinking their approach to economic forecasting after their high-profile failures to spot the most recent inflationary outburst, as officials argue for greater candour with the markets about the uncertainties they are confronting.  The European Central Bank, the Federal Reserve, the Bank of England and other official forecasters failed to see how the

Record inflows into US money market funds in 2023 have triggered a multibillion-dollar fee bonanza for the asset management industry, which for years treated the product as a loss-leader. US money market fund providers – such as Fidelity, Vanguard and Charles Schwab – collectively earned $7.6bn in fees in 2023 as assets passed $6.3tn, according

Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets are set to record their strongest year since 2019 following a blistering two-month rally as investors bet that major central banks have finished raising interest rates and will cut them rapidly next year.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US has slapped sanctions on groups in Turkey and Yemen allegedly responsible for funnelling money to Iranian-backed Houthi rebels in a crackdown driven by their attacks on commercial vessels passing through the Red Sea.

Stay informed with free updates Simply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox. The order books of the world’s biggest defence companies are near record highs after growing by more than 10 per cent in just two years because of rising geopolitical tension, including the conflict in

Global banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the financial crisis and reversing much of their hiring as they emerged from the Covid-19 pandemic. Investment banks suffered a second consecutive year of plummeting fees as dealmaking and public listings dried up, leaving Wall Street trying

The influence of China’s once-powerful central bank has diminished as Beijing steps up a drive to centralise Communist party control over financial regulation. Some of the powers formerly held by the People’s Bank of China have been taken over by a party oversight body and a revamped financial regulator as Beijing resets its growth model.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s Prime Minister Benjamin Netanyahu has vowed to fight on in the war against Hamas, despite a mounting death toll and growing international calls to alleviate the humanitarian suffering in the Palestinian enclave and halt

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers.  Real estate deal-making collapsed this

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy shrank slightly in the third quarter, according to revised figures that highlight the country’s struggle to shake off its low-growth performance. The Office for National Statistics said on Friday that gross domestic

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Football’s governing bodies have lost a landmark court case that threatens their hold over the sport in Europe, potentially opening a path for the biggest clubs to form new breakaway competitions. The EU’s top court