The failure of Saks Global is calling into question the future of luxury department stores, curated emporiums battling against competition from single-brand boutiques run by their own suppliers and the rise of ecommerce. Saks, the world’s largest luxury retailer, filed for bankruptcy protection in the US this week with total debts of about $5bn — … 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 has named a “Board of Peace” to oversee the rehabilitation of postwar Gaza and said Sir Tony Blair, private equity boss Marc Rowan and the US president’s son-in-law Jared Kushner will … 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 has threatened to impose tariffs on trading partners that do not back his efforts to acquire Greenland as he redoubles his drive to take over the Arctic island. “I may put … 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 US officials have floated the idea of broadening a Gaza “Board of Peace” headed by Donald Trump to include other hotspots such as Ukraine and Venezuela, according to people familiar with discussions. Western … Read more
The escalating conflict between the White House and the US central bank could have far-reaching consequences
President’s freewheeling policy proclamations send shockwaves through companies and financial markets
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, an FT contributing editor, is a former chief economist at the Bank of England An alien lands in Trafalgar Square uttering the immortal words: “Take me to your leader”. What directions should you … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Populism is making it harder to manage the global economy against a backdrop of slow growth and growing fiscal pressures, Andrew Bailey has warned. In an unusually forthright intervention, the Bank of England governor said … 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 writer is senior counsellor at Centerview Partners, president emeritus of the Council on Foreign Relations and a former US diplomat Regime change tends to happen in one of two ways. A country … Read more
Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. Porsche sales slumped by a tenth last year as the German sports-car maker faced weaker than expected demand for its electric models and struggled in the Chinese market. The company sold 279,449 vehicles, down from 310,718 … Read more