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Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. BYD sales fell by their biggest amount in five years in February as the Tesla rival’s pivot to export markets failed to offset slowing growth at home. The world’s biggest electric vehicle maker reported February sales dropped … Read more
Dubai residents have been driving to neighbouring Oman or even Saudi Arabia to try to secure seats on the limited number of flights out of the region, as a third day of global travel chaos triggered sharp falls in airline stocks. Airports in Dubai, Abu Dhabi and Qatar remained closed on Monday after Israeli and … Read more
Stay informed with free updates Simply sign up to the UK property myFT Digest — delivered directly to your inbox. UK mortgage approvals fell more than expected and to the lowest level in two years in January, reflecting the lagged effect of uncertainty among prospective homebuyers around Rachel Reeves’ November Budget. Net mortgage approvals for … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy investors who ploughed hundreds of billions of dollars into private credit are pulling back, cutting off a key source of funds that investment giants including Blackstone, Blue Owl and Ares Management have used to … Read more
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. Barclays began blocking months ago certain transactions linked to a UK-based mortgage provider that collapsed suddenly last week amid fraud allegations, before freezing all accounts tied to the firm in early January. The bank is … Read more
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Oil prices surged on Monday after US and Israeli strikes on Iran plunged the Middle East into conflict, disrupting the supply of crude from the region. In the first trading session since the … Read more
Time and again, Donald Trump has crowed about the failures and humiliation of US presidents who got bogged down in foreign misadventures, from Joe Biden’s chaotic withdrawal from Afghanistan to George W Bush’s ill-fated invasion of Iraq. On Iran, too, Trump has a long memory, musing in recent months about how Jimmy Carter’s 1980 re-election … Read more
Investors were late on Sunday bracing themselves for a surge in oil prices as Donald Trump vowed to carry on the US military operation against Iran until all of Washington’s objectives are reached. Trump’s comments came in a six-minute video posted to his Truth Social platform on Sunday as the US president grappled with the … Read more
In the hours after the roar of fighter jets and massive blasts tore through an otherwise unusually silent Tehran on Sunday, the sulphurous smell of explosives still lingered in the air. Apart from the plumes of grey and black smoke twirling into the sky, Tehran’s skyline — typically obscured by smog and pollution — was unusually clear, … Read more