Finance

US president wants to take the vast Arctic territory from Denmark. What could he really do?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world is on track for a copper shortage that would pose a “systemic risk” to global economic growth, driven by the energy transition and the booming artificial intelligence sector’s demand for the red metal, … Read more

Donald Trump’s intervention in Venezuela has sent shivers down the spine of oil buyers in China, not only because of their reliance on Venezuelan crude but because it highlighted Washington’s ability to interfere with larger suppliers, such as Iran. China is one of the world’s biggest importers of crude oil, and about 20 per cent … 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 oil companies want “serious guarantees” from Washington before they make splashy investments in Venezuela as President Donald Trump urges them to back his bid to reshape energy markets.  American officials held crunch … Read more

On a podcast hosted by Donald Trump Jr last year, Marco Rubio ridiculed the Biden administration for making “stupid” concessions to Venezuela’s brutal regime. The Democratic president had offered dictator Nicolás Maduro sanctions relief and oil exports — including a “side deal” with Chevron to let it keep producing in Venezuela — in exchange for … 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 China has hacked the emails used by congressional staff on powerful committees in the US House of Representatives, as part of a massive cyber espionage campaign known as Salt Typhoon. Chinese intelligence accessed … 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 US has recommended Americans double their protein intake and avoid added sugar after federal dietary guidelines were updated to help shape meals in schools and food aid programmes. The guidelines, released on … Read more

Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. JPMorgan Chase has agreed to take over the loans underpinning Apple’s credit card portfolio from rival Goldman Sachs, extricating it from one of the last businesses related to an ill-fated foray into retail banking.  “This … 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 is set to ask US lawmakers for $1.5tn in defence spending, an increase of more than 50 per cent on the current year’s record budget of $901bn. The dramatic increase would … 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 An Immigration and Customs Enforcement officer shot and killed a woman in her car in Minneapolis, Minnesota, on Wednesday, sparking conflicting accounts of the events from federal and local authorities. The Department of … Read more