ExxonMobil’s chief executive Darren Woods said that Venezuela is “uninvestable” without “significant changes”, striking a sceptical tone over Donald Trump’s call for a flood of investment. The head of the biggest US oil company said he was ready to put a technical team on the ground within weeks to assess opportunities in Venezuela. But he shied … Read more
The proposed levy on people worth 10 figures and above has rattled Silicon Valley and split Democratic leaders
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Has any year in memory started with such a bang as 2026? In little over seven days, Donald Trump’s America has captured the Venezuelan president and declared control of the country and its … 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 Over on MainFT, Soumaya Keynes has been writing about the jobs recession among PhD economists. Government isn’t hiring, universities aren’t hiring. But not to worry, there’ll always be a demand among Wall Street … 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 posted some of December’s US jobs figures hours before the release of the economic report, giving traders an early glimpse of data that carries enormous sway in global capital markets. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nick Train has apologised again for his funds’ poor returns, days before a vote on whether to remove him as manager of his investment trust. Train said in a presentation to investors on Friday he … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Why are politicians so useless?” As we start the year, the cry goes up that democratic leaders are either bullies or pygmies. Trust in politicians has slumped below even that of journalists, a new nadir. … Read more
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. The UK’s top accounting firms are pushing to end the industry regulator’s practice of routinely “naming and shaming” companies under investigation, after the financial watchdog ditched similar plans following pushback from banks. The Big Four of … Read more
Twenty years after Rio Tinto’s disastrous $44bn takeover of Alcan, the miner is pursuing another deal that would set records: a $260bn megamerger with rival Glencore. The revival of talks to create the world’s largest mining group — which is already being dubbed “GlenTinto” — a year after a previous attempt faltered comes despite Rio’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US economy added just 50,000 jobs in December, undershooting expectations, in the latest sign that the labour market is cooling after years of strong growth. Friday’s figure from the Bureau of Labor Statistics fell … Read more