US defence stocks look a little less than defensive

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Trump administration’s pivot away from being the primary guarantor of European security has been a boon for the continent’s arms makers. Shares in the UK’s BAE Systems, Italy’s Leonardo, France’s Thales and … Read more

Vance’s trolling audition to be Trump’s heir

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world It was inevitable that memes about JD Vance would surface the moment Pope Francis passed away. “It’s good to see you in better health,” the US vice-president told the pope on Sunday. The … Read more

Donald Trump needs Jay Powell

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world 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 … Read more

It’s the hope that saves you

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “A continual looking forward to the eternal world is not (as some modern people think) a form of escapism or wishful thinking,” wrote the lay theologian and children’s author CS Lewis in 1952. “Hope is … Read more

Sage needs to scale faster from Newcastle to the world

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Sage Group’s shares surged 19 per cent in November as it announced its full-year results, it said something about how unreliable the UK’s largest software company had become. It raised its dividend and announced … Read more

Japan carmakers’ US success could become a liability

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the 1980s, the Honda Accord transformed the US market. At a time when American roads were dominated by oversized, gas-guzzling sedans, the Accord stood apart, compact, fuel efficient and reliable. By 1989, it had … Read more

Pope Francis taught the virtue of self-aware leadership

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pope Francis, who died on Monday, once compared reforming Rome to cleaning the Sphinx of Egypt with a toothbrush. For someone possessed of papal infallibility, that’s a frank admission that the power of supposedly divinely … Read more