Bitcoin and gold surge as Bessent’s intervention in bond market hits dollar
World’s biggest cryptocurrency registers best week in more than three years as investors pile into ‘debasement’ trades
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Financial Times
Global business from the Financial Times
Business · 1861 articles · page 43 of 52 · fetched 23 minutes ago
Greenwich moon time? The high-stakes race to set lunar clocks
World powers gather to decide how to deal with potential threat to colonising Earth’s nearest celestial neighbour
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Iran’s president calls to end war with US from ‘position of strength’
Masoud Pezeshkian’s comments reflect debate within regime over how much economic pressure country can endure
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Apollo says hackers accessed personal data in latest Wall Street breach
Alternative asset manager’s probe determined names, home addresses and social security numbers were stolen in cyber…
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Natalie Harp, the devoted ‘human printer’ in Trump’s entourage
The executive aide’s relationship with the president symbolises a broader sycophancy around him
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Citadel offloads 80% of portfolio scooped up from Situational Awareness
Ken Griffin’s hedge fund has executed more than $4bn worth of block trades in recent weeks
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The bond scare and the balance of power
After the dreamworld of the 2010s, the link between power and fiscal capacity is back
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Apple paid $17bn in taxes to Ireland after court ruling on back levies
New filings highlight iPhone maker’s global tax liabilities
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Errol Musk: ‘I’m Elon’s father, not his pal’
The far-right convener on his violent upbringing in South Africa, why he admires Vladimir Putin and Tommy Robinson —…
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Samsung to return record $80bn to shareholders
South Korean chipmaker has come under pressure to distribute more of its bumper profits from AI boom
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Monte dei Paschi launches twin takeover bids to create €70bn Italian bank
Latest twist in a protracted run of consolidation of Italian financial services groups
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Imran Khan moved from Pakistan jail to hospital and back again
Popular former prime minister received treatment after Supreme Court order
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Japanese inflation rises as central bank weighs rate increase
Bank of Japan under pressure to act on rates in September as yen weakens despite joint intervention
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Bessent takes on bond vigilantes in $32tn Treasury market
Wall Street investors say move to buy more long-term US debt is a ‘band-aid on a bullet hole’
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Feminism didn’t kill the male breadwinner model, the economy did
Young non-graduate men face unique setbacks
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The tycoons taking a swing at golf
New management wants the sport to become more commercial, but others worry billionaires have too much say
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Ukraine seeks Musk’s help to hit Russian missile launchers
Starlink-equipped drones could strike targets up to 200km inside Russia
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London cabbies plot ‘skulduggery’ to take on robotaxis
Private-hire drivers are bracing for a new wave of technological change
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HSBC spends $68mn on biggest cull of senior bankers since financial crisis
Reduction came as Europe’s largest lenders shed largest number of highly paid bankers since 2020
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North Korea enjoys rare ‘dash for flash’
Kim Jong Un’s backing for Russian war on Ukraine fuels construction boom and sales of luxury goods
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Shanghai’s answer to Nasdaq outstrips Hong Kong amid Chinese tech frenzy
Star 50 index up almost a quarter this year, leaving rivals behind
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Panama Canal to cut daily transits as El Niño grips region
Authority plans to reduce number of passages for only the second time
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Founder who blamed $300mn fraud on head injury sentenced to prison
Judge accepts injury contributed to Christine Hunsicker’s crime as he sentences her to five years
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What is Bessent doing — and will it work?
US Treasury secretary has made a high-stakes bet he can beat back soaring borrowing costs
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Walmart shares tumble as sales growth slows to six-year low
Retailer to use almost $2.9bn in tariff refunds to deliver price cuts for squeezed American consumers
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Guggenheim loan trades in distressed territory after investor call
Chief executive Mark Walter’s business empire has come under pressure amid probe into his insurance holdings
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Quant funds rocked as Treasury boosts buybacks and Moderna shares leap
Tumultuous session puts further pressure on momentum trades that have been unsettled since AI-related stock sell-off
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The US Treasury is buying long bonds, but not very many
Speaking loudly but wielding a teeny-tiny stick
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Nvidia looks well placed to benefit from the next stage of the AI boom
The world’s biggest chip company is using its balance sheet to seed new markets and a new business model
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US long-term bonds slide as Bessent intervention fails to soothe investors
Yield on 30-year Treasuries rises despite move to ‘at least double’ purchases of securities
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Europe’s oil refining capacity set to shrink by 20% over next decade
North America and Europe to lose further capacity to turn oil into petrol, diesel and jet fuel because of investor…
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From balloons to pans: in praise of useful tech
Companies developing new materials with previously unknown properties could change the material world
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Trump announces new drive to isolate and crush Iranian economy
UAE, long a crucial trading hub for Tehran, has also suspended commercial ties
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Investors cut bets on US and UK rate rises
Weaker economic data has changed expectations despite a rally in oil prices
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North Korea launches missile barrage after dismissing Trump overture
Kim Jong Un’s sister casts doubt on claim of communication between Pyongyang and Washington
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