Author: James Harden
Men hoist a Greenlandic flag near polling stations, in Nuuk, Greenland, on March 24, 2026 during the parliamentary election in Denmark.Florent Vergnes | Afp | Getty ImagesPresident Donald Trump on Friday announced an agreement with Greenland and Denmark that gives the U.S. what he described as “permanent control over security, and all other needs” in the Danish island territory.”We will immediately begin the process of developing a large Military presence in the appropriate part of Greenland, of which there are many,” Trump said in a Truth Social post.Greenland already has a U.S. military presence under a decades-old defense agreement with…
US Federal Reserve Chair Kevin Warsh speaks during a news conference at Federal Reserve Headquarters on September 16, 2026 in Washington, DC. Kevin Warsh discussed the central bank’s decision to raise interest rates for the first time since 2023 at a press conference following its latest policy meeting.China News Service | China News Service | Getty ImagesWith a few carefully chosen words, Federal Reserve Chairman Kevin Warsh both explained this week’s decision to hike interest rates and raised vexing questions about what comes next.Warsh described Wednesday’s decision to lift the central bank’s benchmark rate by a quarter percentage point not…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Turkey has drafted in two of the country’s biggest banks to liquidate 131 investment funds involved in the collapse of a speculative bubble that has shaken its capital markets and put billions of dollars of investments held by tens of thousands of investors at risk.Turkey’s İş Bankası and state-run Ziraat Bankası will oversee the funds’ liquidation, regulators said. Recent data suggests the liquidated funds have about $17bn of investments, held in more than half a million accounts on behalf of 300,000 investors.“We…
Boxes of cereal manufactured by Nestle SA sit on shelves amongst other goods inside an Essen hypermarket operated by ZAO Essen Production AG, in Naberezhnye Chelny, Russia, on Saturday, Aug. 27, 2016.Bloomberg | Bloomberg | Getty ImagesSwiss food giant Nestle said Friday it’s weighing its options after the Kremlin moved to place the Russian assets of its business under temporary external administration.The maker of Nescafé coffee and KitKat chocolate bars said that it took note of the Russian presidential decree, which was published on the country’s official legal portal on Thursday, and is “assessing the situation.”Russian President Vladimir Putin’s surprise…
adventtr/iStock via Getty Images The US dollar is narrowly mixed against most of the G10 currencies. The notable exception is the Japanese yen, which is around 1.25% lower today. To be sure, the Bank of Japan lifted its overnight rate, as widely expected, and Governor Source link
Stay informed with free updatesSimply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox.Moscow has taken control of the Russian subsidiaries of Swiss food giant Nestlé and French retailer Auchan in a renewed crackdown on western companies still operating in Russia that the Kremlin said was linked to “unfriendly” countries.President Vladimir Putin signed a decree on Thursday evening saying the subsidiaries had been placed under temporary administration and transferred to a shell company called LEV Management. The crackdown is the first such seizure of western-owned assets since Moscow took control of the Russian subsidiaries…
Interest rates are up, the leaders of the artificial intelligence movement are warning of doomsday outcomes without regulation, and the Nasdaq-100 index posted its best day in six weeks. Options traders are jumping in.Cboe’s volatility gauge dropped more than two points to 15.4 Thursday, the lowest in a week, after jumping to the highest since late July on Wednesday as the Federal Reserve hiked interest rates for the first time since 2023. The S&P 500 Index added more than 1% Thursday as 10 of 11 sectors rallied and market-makers in the options pits traded for two dollars more than at-the-money…
Anthropic and OpenAI are hunting for smaller AI data center deals, sources told CNBC, as the race to access the infrastructure needed to deploy workloads ramps up.The two AI labs have both inked huge deals for AI data centers in the past year for facilities of multi-hundred-megawatt and gigawatt capacity, but sources have said those companies are now also looking for compute capacity deals for much smaller deployments of 20-30 MW.Anthropic has sounded out agreements within that range across the U.K. and the Nordics, four people familiar with the conversations, who asked to remain anonymous when discussing private business dealings,…
An F-35 fighter plane takes off from at RAF Lakenheath on January 07, 2026 in Mildenhall, England.Dan Kitwood | Getty Images News | Getty ImagesU.S. President Donald Trump’s administration has approved the potential $24.3 billion sale of nearly 50 F-35 warplanes to Saudi Arabia in what is seen as a major boost for the kingdom as it faces intensifying attacks from the Iran-backed Houthis in Yemen.The package, which was announced on Thursday, includes the sale of 48 of Lockheed Martin’s F-35 jets, the world’s most advanced fighter aircraft, and 49 Pratt & Whitney engines and other parts.”This proposed sale will…
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.European carmakers have called for a delay to a “catastrophic” post-Brexit rule change that is due to hit most electric vehicles sold between the UK and the continent with 10 per cent tariffs.They say stricter rules on what qualifies as a European-made vehicle from January 1 would cost the industry €1.5bn annually and expose them to stiff competition from China. Manufacturers are asking for the move to be phased in over five years. In a letter to the European Commission seen by the…