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President Donald Trump said Washington and Moscow will begin negotiations “immediately” on ending the war in Ukraine after speaking with his Russian counterpart Vladimir Putin. Wednesday’s call indicated a dramatic turnaround in the US-Russia relationship amid signs Washington would dial back its support for Ukraine after almost three years of war. Trump wrote on his

Holding bitcoin is cool again. President Donald Trump has vowed to make America the “crypto capital of the planet”, words that have helped supercharge the token’s price to eye-watering six-figure highs. Wall Street banks and money managers are preparing to jump in. Investors hope Trump will turn the often-derided token into a mainstream financial asset

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US vice-president JD Vance warned Europe not to adopt “overly precautionary” regulations on artificial intelligence as America and the UK refused to join dozens of other countries in signing a declaration to ensure

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump on Monday warned “all hell is going to break out” if Hamas fails to return “all” Israeli hostages from Gaza by 12 o’clock on Saturday. His comments follow Hamas’s earlier announcement that it

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump said he would on Monday impose 25 per cent tariffs on all steel and aluminium imports, expanding his trade conflicts to the metals sector in a new burst of protectionism from

EH Seo was born and raised in South Korea’s southern port city of Busan, but never doubted she would study and work elsewhere. “Not only my parents, but everyone’s parents wanted their kids to move to Seoul,” said Seo, 32, who left South Korea’s second-largest city straight after high school and now works in the

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The White House has not decided whether to endorse a deal the UK has hammered out with Mauritius over the Chagos Islands that has national security implications for a critical UK-US military base on

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has told lawmakers he wants to end the special tax treatment of private equity and hedge fund profits known as “carried interest”, setting up a potential clash with America’s wealthiest financiers.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alphabet’s revenues undershot estimates in the fourth quarter as the search giant’s cloud business grew slower than expected, while it continued to accelerate its spending on data centres in response to demand from artificial intelligence.

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A new wave of economic nationalism has swept across Canada as Donald Trump’s tariffs inspire anger but also a patriotic campaign to “Buy Canadian”. ‘Made in Canada’ signs have popped up in grocery stores, lists of Canadian alternatives to US products are being circulated and comedians are devoting skits on national television to how best

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The EU has said it regrets US President Donald Trump’s decision to hit Canada, Mexico and China with sweeping tariffs, and said it would respond firmly if a threat to expand the trade

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU plans to make ecommerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, in a crackdown on the flood of imports from China. According to a

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Canada’s former finance minister Chrystia Freeland has said Ottawa should retaliate to any US tariffs by adding huge levies on Tesla vehicles to punish Elon Musk, one of Donald Trump’s “billionaire buddies”. Freeland,

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US will go ahead with plans to hit Canada, Mexico and China with new tariffs, the White House has said, heightening the risks of a trade war. Washington will hit Canada and

Bank of Canada governor Tiff Macklem said the central bank’s projections showed US tariffs would probably put Canada into a recession. BoC modelling, based on a scenario in which the US imposes permanent 25 per cent tariffs on every one of its trading partners and those nations respond in kind, shows a likely 2 per

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A frantic sell-off of energy and infrastructure shares this week after advances in artificial intelligence by Chinese start-up DeepSeek shows how little is understood about the power demands of AI, the International Energy Agency has

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US federal agencies are set to freeze the payment of hundreds of billions of dollars of domestic federal grants and loans on Tuesday in President Donald Trump’s latest aggressive move to slash and

OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at

When Italian financial power broker Mediobanca helped its longtime client Monte dei Paschi di Siena structure a make-or-break capital raising in 2022, little did it know it would ultimately become a takeover target for the former poster child of the country’s failed banking system.  On Friday, MPS astonished investors by launching a €13.3bn all-share bid