At a heated polo game in New Delhi — a contest between India and Argentina billed as the “match of the century” — fashion executive Adrian Simonetti explained why he believed India had the potential to be a strong luxury market. “Luxury in India is no longer about labels, it is about belonging to a … Read more
A historic downturn in demand for scotch, whiskey, cognac and tequila has left drinks makers sitting on a lake of unsold spirits, forcing them to mothball distilleries and slash prices to shift bottles piling up in warehouses. Five of the biggest listed alcohol producers — Diageo, Pernod Ricard, Campari, Brown Forman and Rémy Cointreau — … Read more
In Haft-Hoz Square, the shoppers and commuters that typically fill this bustling commercial hub of eastern Tehran have been replaced by black-clad riot police. At least one masked sniper is visible, perched on top of one of the armoured vehicles that now dot the square. At the centre of the scene is the charred shell … Read more
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. Latvia’s central bank governor Mārtiņš Kazāks has urged European policymakers not to be “naive” over the fact that the bloc is already “at war” with Russia. Kazāks, a member of the European Central Bank’s governing … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China’s flagship overseas infrastructure finance programme the Belt and Road Initiative increased by three-quarters to a record $213.5bn in 2025 as Beijing sought to take advantage of wavering US influence around the world … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Board of Peace set up by Donald Trump to oversee Gaza will have a broader mandate that could allow it to rival the UN and mediate in other global conflicts, according to … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump said he will hit European countries with fresh tariffs of 10 per cent from next month until they agree to support his ambition to acquire Greenland. The US president said the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EU chiefs and leaders of South America’s Mercosur bloc have signed a long-awaited blockbuster trade deal after more than a quarter of a century of talks, though hurdles remain before the application of the broad … Read more
Until this week Ali Abdel Hamid Sha’ath was an obscure Palestinian businessman and former official. Now he may hold one of the most difficult jobs in the world: head of Gaza’s new transitional government. The Trump administration this week formally announced Sha’ath as the chair of the National Committee for the Administration of Gaza (NCAG), … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world In the max-woke era it was fun to rile the worshippers of climate-related finance risk. One of my favourite prods was a chart plotting the frequency of words used in the media such … Read more