Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Corporate America is lining up for refunds from President Donald Trump’s emergency tariffs after the US Supreme Court ruled they were illegal, with more than $130bn at stake. The US Chamber of Commerce … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Gary Winnick, a US business magnate, asked Andrew Mountbatten-Windsor in 2013 to join the board of a new charity he was establishing, the then-prince expressed regret that, having sought “higher command authority”, he had … Read more
The US Supreme Court on Friday dealt its biggest blow against Donald Trump, ruling the president had no authority to use emergency powers to impose tariffs. The ruling struck at a critical pillar of Trump’s presidency and marked a rare effort by the court to rein in his power after more than a year of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rarely do events in rural Norfolk capture the attention of the world. But Thursday’s arrest of the former Prince Andrew on suspicion of misconduct in public office related to his links with the late sex … 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 When the time came for the US Supreme Court to stand up and be counted, six of the justices answered the call. Led by Chief Justice John Roberts, they ruled on Friday that … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘The Truth About Investing’ Dogs supposedly resemble their owners. BrewDog certainly resembled co-owner James Watt during their glory days. Both were ambitious, iconoclastic and abrasive. Now the UK’s largest … 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 Paramount Skydance’s $108bn bid to gatecrash Netflix’s deal for Warner Bros Discovery has cleared a key US antitrust hurdle, in a signal of support from the Trump administration. The media group, whose bid … Read more
The US Supreme Court has ruled that Donald Trump exceeded his authority in imposing sweeping tariffs under emergency powers. In a ruling delivered on Friday, the Supreme Court said: “Our task today is to decide only whether the power to “regulate . . . importation,” as granted to the President in IEEPA, embraces the power to impose tariffs. It … 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 grew at an annualised rate of just 1.4 per cent in the fourth quarter, far below Wall Street expectations, as the record federal shutdown hit government spending. Friday’s figure from the Bureau … Read more
An IT blunder has revealed an apparent smuggling ring that has moved at least $90bn of Russian oil and is playing a central role in funding the Kremlin’s war in Ukraine. The FT has identified 48 seemingly independent companies working from different physical addresses that appear to be operating together to disguise the origin of … Read more