Trump set to refocus attention on economy after turbulent start to year

Secretary of state Marco Rubio delivered a classified briefing on the administration’s Iran plans to congressional leaders on Tuesday, hours ahead of Donald Trump’s State of the Union address. Democrats left the meeting calling for clarity on Trump’s war aims. “The president made the representation that Iran’s nuclear programme was completely and totally obliterated last … Read more

UK AI start-up Wayve raises $1.2bn from carmakers and Big Tech

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK self-driving start-up Wayve has raised $1.2bn in new funding from investors including automakers Mercedes-Benz, Stellantis and Nissan, as it gears up to launch its first robotaxi service in London later this year. The deal … Read more

Washington warns Ukraine over striking US economic interests in Russia

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Trump administration has formally warned Ukraine not to strike targets within Russia that could hit US economic interests, according to Kyiv’s ambassador to Washington. Olha Stefanishyna on Tuesday said she received a … Read more

The ‘extreme and improbable’ economics of Citrini’s AI report

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Most of the sell-side has remained hilariously silent at a mere Substacker seemingly shaking markets, even though the anguish and frustration is almost palpable. Alphaville LLC was a notable exception, having issued an incisive analysis … Read more

Louvre boss resigns months after €88mn jewel heist

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The director of the Louvre museum has stepped down, four months after a spectacular heist in which poor security protocols enabled the theft of precious 19th-century crown jewels. President Emmanuel Macron accepted the resignation of … Read more

Government policies have fuelled youth unemployment, Bank of England says

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government’s decisions to raise minimum wage rates and payroll taxes have fuelled a sharp rise in youth unemployment, senior Bank of England officials said on Tuesday. Huw Pill, the BoE’s chief economist, said … Read more

Rachel Reeves aims to reassure business with ‘boring’ Spring Statement

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves will next week unveil the most “boring” spring economic statement in years, as she seeks to deliver a “stability dividend” for business and shore up an embattled Sir Keir Starmer. After … Read more

Mandelson’s lawyers deny he was planning to flee abroad

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lawyers for Lord Peter Mandelson have criticised the police for arresting the former cabinet minister on Monday after what they described as a “baseless suggestion that he was planning to leave the country”. Mandelson was … Read more

MPs back release of files about hiring of former prince as UK trade envoy

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. MPs on Tuesday paved the way for publication of files about Andrew Mountbatten-Windsor’s appointment as a UK trade representative by unanimously approving a parliamentary motion calling for their release. The House of Commons backed the … Read more