Financial Times

Friends with fiscal benefits

Cross-class friendships appear to be one of the strongest predictors of upward mobility for people in low…

‘New York loves Canada’: US cities want their Canadian tourists back

American tourism businesses try to overcome cross-border travel boycott over Trump administration’s hostility to its…

What’s the fiscal hit from higher yields?

A long answer to a simple question

Rising bond yields add tens of billions to G7 countries’ debt costs

World’s biggest developed economies face higher financing costs since start of US-Iran war, weighing on public finances

Summer might be ending, but we can hold on to some of its magic

It offers not the opportunity to do nothing but to have the time to do things slowly

Incoming Swiss banking chief warns against regulatory over-reach

Comments from chief executive of EFG International signal how opposition to new rules extends across the industry

Your body is not a machine

Mechanical metaphors are useful, but such reductionism is no guide to life

‘SmashCos’: Europe’s oil majors create new generation of independent companies

Jointly owned independent oil and gas producers are an increasingly important part of the biggest players’ strategies

EU to help tourism hotspots crack down on Airbnb-style holiday rentals

Measures imposed on short-term lets by cities such as Florence often result in drawn-out legal battles

The Dutch city where Europe’s electricity grid crunch hits home

Households and businesses in Utrecht face strict limits on power use to avoid outages

Victims’ families and campaigners seek answers over Air India crash

Indian investigators are expected within weeks to issue final report into disaster that killed 260 people

US oil deal denounced by both sides of Venezuelan politics

Hardliners cast agreement with Trump as looting and betrayal while opposition decries Washington’s meddling in country

Warsh charts a forward-looking path for the Fed at Jackson Hole

This might be remembered as a moment when the central bank switched approach

Trump says US to take control of 65bn barrels of Venezuelan oil

The president says the countries’ joint venture will lower petrol prices for Americans

Warsh puts Fed on collision course with Trump ahead of midterms

US central bank chair’s Jackson Hole hint that rates may rise runs counter to the reduction in borrowing costs the US…

Dozens killed in Russian strike on ammunition depot near Kyiv

Lengthy air raids by Moscow’s jet-powered drones have triggered 27 alerts since Thursday in one of the longest attacks…

Swiss wealth managers urge delay to ownership register after Liechtenstein hack

Bankers also raised cyber security concerns over list of ultimate owners of more than 500,000 companies and other…

US campaign to isolate Iran closes in on Dubai

Gulf city has for decades served as an offshore hub for Iranian financial services, trade and access to global markets…

What the Indiana state fair reveals about Trump’s America

Will the most ornery state in the conservative Midwest finally reject his politics?

Risk of a new age of financial repression is rising

The idea of pushing US government bonds down the throats of investors is being taken increasingly seriously

Glencore threatened with $1.4bn lawsuit from embattled trader Radiant

Singapore-based iron ore company Radiant has been battling liquidity squeeze

Zero-sum thinking will fuel resentment and scarcity

The assumption that one group must lose for another to gain has become worryingly widespread

How finance redeemed itself

And what tech, the new black sheep, can learn from it

Airbus seeks US space unit sale as it shifts to European-built satellites

Potential disposal comes after company announced deal with Leonardo and Thales

Nasa to launch $4.3bn space telescope to scan universe

Roman Space Telescope is expected to help explain dark matter while discovering thousands of planets beyond our solar…

Did AI write this? It’s getting harder to tell

Detection software offers quick answers, but the risk of false positives and the stigma of being accused are leading to…

Guggenheim affiliate buys up debt linked to its asset management arm

Loan has been closely watched as a proxy for Mark Walter’s private-held investment firm

China’s actors written out of dramas as AI doubles ready to take their roles

Online performers left jobless as new video-generation programmes sweep industry

Trump loses bid to challenge hush-money conviction in federal court

Judge rules that payment and ‘engaging in a cover-up of an embarrassment are not subsumed in presidential immunity’

US manufacturing is booming — but it’s no thanks to Trump’s tariffs

This is not the nostalgic, protectionism-fuelled return that the president promised

Hawkish Warsh hints Fed will raise rates if inflation does not fall soon

Wall Street cranks up bets on September increase in borrowing costs following central bank chair’s Jackson Hole address

Read: Warsh’s Jackson Hole address in full

Warsh settles some nerves at Jackson Hole

Speech gave a crisper picture of how he reads the economy but leaves open questions over Fed ‘reaction function’

Chinese rescue workers reach border crossing destroyed by Himalayan flood

Rescue efforts resume after being suspended over fears of further flooding near the Tibet-Nepal border

Walmart settles lawsuit over painkiller prescriptions

Retailer resolves case with US justice department over allegations it fuelled the nation’s opioid crisis

US Treasury imposes limits on Egyptian bank for doing business with Iran

Measures targeting UAE branches of Banque Misr are part of Trump administration’s efforts to isolate Tehran