Finance

Finance

Why winning the UK matters for BYD

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BYD has done it again: outselling Tesla globally for 2025. But even now, critics dismiss its rise as a China-only story, crediting its success to its vast home market and generous subsidies. But that argument … Read more

Finance

Reform UK councils unveil plans for tax rises and service cuts

Several Reform UK councils have unveiled plans for above-inflation council tax rises as well as reductions in investment and service cuts, prompting accusations that the party is “betraying” residents. Four Reform-led local authorities have so far confirmed plans for inflation-busting council tax increases. Other proposals for 2026-27 include the closure of household waste and recycling … Read more

Finance

Polymarket disputes capture of Maduro amounted to invasion

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Polymarket is disputing the mission to capture Nicolás Maduro constituted an invasion and said it will only settle a prediction contract if the US military takes control of Venezuelan territory. The decision by … Read more

Finance

Elon Musk’s xAI raises $20bn in funding round that doubles valuation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s xAI said it has raised $20bn in new funding, in an upsized deal that more than doubles its valuation since last spring, despite growing concern over illegal content generated by its artificial intelligence. … Read more

Finance

US says using military is among ‘options’ to acquire Greenland

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 is exploring options including “utilising the US military” to acquire Greenland, the semi-autonomous Danish territory, the White House said on Tuesday. “President [Donald] Trump has made it well known that acquiring … Read more

Finance

US to run high-tech ceasefire monitoring under draft Ukraine plan

The US military will lead high-tech monitoring of any ceasefire line in Ukraine to allocate blame for possible violations, according to two people briefed on proposals being negotiated by Kyiv and its western allies. The detailed proposal for a US-led unmanned system using sensors, drones and satellites to adjudicate on possible attacks by either Russian … Read more

Finance

KLM warns of de-icer shortage after Schiphol snowstorms

Stay informed with free updates Simply sign up to the Airlines myFT Digest — delivered directly to your inbox. KLM has warned it is at risk of running out of de-icing fluid after Amsterdam’s Schiphol airport was hit by days of severe snowstorms that forced the Dutch airline to cancel hundreds of flights.  The airline, … Read more

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