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-
Decoding recent moves in Treasury yields
Uncertainty is high — but maybe not disastrously so -
A year of trade drama and the plot twists yet to come
Trump may not advance tariffs further but could broaden his campaign to new fronts of conflict -
FirstFT: Zelenskyy pushes for longer-term US security guarantees
Also in today’s newsletter: Silicon Valley’s ‘fortress balance sheets’, and China’s new military drills around Taiwan -
FirstFT: Trump-Zelenskyy talks fail to make breakthrough
Also in today’s newsletter: Europe’s defence groups and the Arnault family’s Parisian property purchases -
Year in a word: Taco
In spite of the erratic nature of Donald Trump’s decision making, a distinct pattern has emerged -
The rise of the side hustle
Economists and tax collectors might be underestimating its impact -
The wildcat traders and US contractors piling into Pakistan’s antimony
Fears about China’s control of the rare earth supply chain have bolstered demand for alternative suppliers -
The Year Ahead: key elections will help to shape 2026
US midterms, a crunch poll for the UK PM, plus questions of nuclear arms treaties and the risk of an AI bubble burst -
China’s industrial profits plunge as weak demand and deflation bite
Steep fall in November nearly wipes out profit growth in 2025 as Beijing steps up pressure on over-investment -
Late shopper rush drives Boxing Day sales traffic
via bbc.comFigures suggest the surge in post-Christmas shoppers was the strongest in a decade. -
Canada and Mercosur accelerate free trade talks
Ottawa and South American bloc aim to conclude a deal within a year -
Santa’s good and bad economies list
It has been a very mixed year for reforms and sensible governance -
Europe’s growth prospects depend on German spending spree, economists say
Rate of increase in output expected to slow despite Berlin’s fiscal push, FT survey finds -
Europe races to placate pharma as Trump turns up the pressure
Tariff deals with the US have bought time but investment momentum is elsewhere -
China industrial profits plunge as weak demand and deflation bite
Steep fall in November nearly wipes out profit growth in 2025 as Beijing steps up pressure on over-investment -
Italy and Spain shake off ‘periphery’ tag as borrowing premiums hit 16-year low
Rome and Madrid rewarded by investors for cutting deficits, while France and Germany look to borrow more -
The malaise of multilateralism
A reboot of the UN and nimbler forms of co-operation are necessary -
China isn’t just dumping cheap goods anymore — it’s sending caviar
The country is taking a huge bite out of the European and US market with ever-growing production of luxury foods -
How a straw-hatted anime pirate became a symbol of Gen Z dissent
Young protesters around the world have rallied under the image in their fight for political change -
EU foreign aid takes transactional turn with Africa minerals push
Investment in Lobito Corridor comes as bloc channels development assistance towards energy, metals and migration -
FirstFT: Trump replaces H-1B visa lottery with a ‘weighted’ system
Also in today’s newsletter: Big tech turns to special purpose vehicles to fund data centres and US economic growth exceeds expectations -
FirstFT: Tech groups shift $120bn of AI debt off balance sheets
Also in today’s newsletter: EU spending on US oil and top Shell auditor leaves EY role -
BoJ to continue tightening gradually in 2026
Read the central bank’s December forecast from the FT’s Monetary Policy Radar team -
Year in a word: Rare earths
These metals have become the plaything of the US-China trade war -
The Economics Show: What economics gets wrong about human behaviour, with Richard Thaler
The founding father of behavioural economics on why we still make bad decisions -
EU spent less on US energy after $750bn Trump trade deal
Member states’ spending on US oil and gas fell 7 per cent over the past four months -
FirstFT: Panama Canal ports deal hits impasse after China’s Cosco demands majority stake
Also in today’s newsletter: ByteDance plans $23bn AI spend and US third-quarter economic growth surpasses expectations -
US economy grew at 4.3% rate in third quarter
Figure surpasses expectations after growth boosted by consumer spending -
US accuses China of unfair chip trade practices
Trade representative holds off increasing tariffs until 2027 -
Trump administration accuses China of unfair chip trade practices
US trade representative holds off increasing tariffs until 2027
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