Donald Trump’s new cryptocurrency has sparked a flood of imitators, leading to warnings that investors risk being duped. More than 700 copycat and spam coins have been sent to Trump’s digital wallet by people apparently seeking to suggest their creations have his endorsement, according to a Financial Times analysis. It comes after the president and
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has told lawmakers he wants to end the special tax treatment of private equity and hedge fund profits known as “carried interest”, setting up a potential clash with America’s wealthiest financiers.
In Donald Trump’s first term, his administration rode roughshod over Palestinians, reversing decades of US policy by recognising the contested city of Jerusalem as Israel’s capital and saying the US would no longer deem Israeli settlements in the occupied West Bank a violation of international law. Yet even that record had not prepared Palestinians for
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 plans for the US to take over Gaza have been met with anger and dismay across the Arab world, and raised fears of reigniting conflict in the region. The US president
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alphabet’s revenues undershot estimates in the fourth quarter as the search giant’s cloud business grew slower than expected, while it continued to accelerate its spending on data centres in response to demand from artificial intelligence.
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A new wave of economic nationalism has swept across Canada as Donald Trump’s tariffs inspire anger but also a patriotic campaign to “Buy Canadian”. ‘Made in Canada’ signs have popped up in grocery stores, lists of Canadian alternatives to US products are being circulated and comedians are devoting skits on national television to how best
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The EU has said it regrets US President Donald Trump’s decision to hit Canada, Mexico and China with sweeping tariffs, and said it would respond firmly if a threat to expand the trade
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU plans to make ecommerce platforms such as Temu, Shein and Amazon Marketplace liable for dangerous or illegal products sold online, in a crackdown on the flood of imports from China. According to a
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US will go ahead with plans to hit Canada, Mexico and China with new tariffs, the White House has said, heightening the risks of a trade war. Washington will hit Canada and
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Canada’s former finance minister Chrystia Freeland has said Ottawa should retaliate to any US tariffs by adding huge levies on Tesla vehicles to punish Elon Musk, one of Donald Trump’s “billionaire buddies”. Freeland,
Bank of Canada governor Tiff Macklem said the central bank’s projections showed US tariffs would probably put Canada into a recession. BoC modelling, based on a scenario in which the US imposes permanent 25 per cent tariffs on every one of its trading partners and those nations respond in kind, shows a likely 2 per
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A frantic sell-off of energy and infrastructure shares this week after advances in artificial intelligence by Chinese start-up DeepSeek shows how little is understood about the power demands of AI, the International Energy Agency has
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US federal agencies are set to freeze the payment of hundreds of billions of dollars of domestic federal grants and loans on Tuesday in President Donald Trump’s latest aggressive move to slash and
OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at
When Italian financial power broker Mediobanca helped its longtime client Monte dei Paschi di Siena structure a make-or-break capital raising in 2022, little did it know it would ultimately become a takeover target for the former poster child of the country’s failed banking system. On Friday, MPS astonished investors by launching a €13.3bn all-share bid
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US diplomats have requested an urgent exemption for Ukraine-related programmes from a 90-day freeze on foreign aid and “stop work” orders issued by secretary of state Marco Rubio, according to documents seen by
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world One of Donald Trump’s most controversial cabinet picks has been narrowly confirmed by the US Senate to head the Pentagon, despite allegations of sexual assault and alcohol abuse. Pete Hegseth will become US
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has started his second term as predicted: with a fusillade of executive orders, memos, vows, musings and overheated rhetoric. The world has had at least a year to brace itself for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s competition watchdog has launched an investigation into Apple and Google’s mobile platforms, just days after the government forced out its chair as part of a push to cut the regulatory burden on business.