America needs a serious opposition

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s record-breaking 100-minute speech on Tuesday to a rowdy joint session of Congress made for a curious and cringeworthy spectacle — and I am not even referring to the (largely predictable) braggadocio … Read more

Another day, (maybe more than just) another rout

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. US stocks got taken out to the woodshed yesterday. The S&P 500 fell 2.7 per cent and the … Read more

Berlin’s about-turn can get Europe more bang for the buck

Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. The word “bazooka” is an overused metaphor for financial policy decisions. But it is entirely fitting to describe Germany’s Damascene conversion to deficit spending — a political agreement to ditch deficit limits altogether for defence … Read more

How to cut Britain’s rising welfare bill

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s spending on welfare is growing inexorably. The Office for Budget Responsibility has estimated that the country’s total expenditure on benefits will increase by more than 25 per cent to £378bn by 2030. This is … Read more

What is behind the dramatic shift in markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Financial markets have witnessed a dramatic change that is overturning the consensus trades that dominated until early February of this … Read more

Elon Musk blowback lights a rocket under European space companies

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blowback against Elon Musk has lit a rocket under Europe’s besieged space sector, as countries rethink their reliance on Starlink, the satellite system of President Donald Trump’s favoured tech billionaire. In Italy, a proposed $1.5bn … Read more