Business

Trump allies coalesce behind Florida loyalist’s bid to lead Senate

Maga’s backing of Rick Scott aims to ensure that president-elect can push his agenda through Congress

Trump says Senate’s next leader must favor recess appointments

Senate Republicans are due to vote for their next leader in a secret ballot on Nov. 13 as Mitch McConnell ...

Hedge funds shorting Tesla just lost more than $5 billion

Since the Nov. 5 election, Tesla shares have gained close to 30%, representing well over $200 billion in additional market ...

COP29 begins in Baku, Biden visits Peru and Reeves makes first Mansion House speech

Plus, US reports inflation figures while Japan, the UK and the EU publish first estimates of third-quarter GDP

Netanyahu claims his office is target of ‘organised witch hunt’

Israeli PM says mounting scandals are designed to harm country’s leadership in middle of war

Taiwan considers big US defence purchases as overture to Trump

Taipei wants to show new administration it is serious about protecting itself against China

Economic impact of growing gig economy

Winner of the FT Schools/Discover Economics Young Economist of the Year award

HMRC to hand back £700mn to top UK companies after EU tax ruling

London Stock Exchange Group, Pearson and ITV stand to gain from European court decision

Bernie Sanders doubles down on scathing rebuke of Democrats abandoning working class after Nancy Pelosi says he ‘has not won’

“The Democrats need an explanation, and that explanation is corporate greed and the power of the billionaire class,” Sanders said. ...

Elon Musk backs call to ‘#EndTheFed’ after Jerome Powell says he won’t resign early

On Thursday, Powell was asked if he would resign if President-elect Donald Trump demanded it, and Powell simply replied “no.” Read ...

Foreign firms pull more money from China’s slowing economy

Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI ...

Iran enforces rolling power blackouts as fuel shortages bite

Under-investment in the grid, natural gas shortages and ban on dirty fuel lead to energy supply crunch

Bitcoin tops $80,000 for first time as crypto continues to rally after Trump victory

Trump has pledged to make the United States the “bitcoin and cryptocurrency capital of the world.” Read More

Trump says Nikki Haley and Mike Pompeo won’t be asked to return in second administration

“I very much appreciated working with them previously and would like to thank them for their service to our country,” ...

FEMA fires manager who told staff to skip homes with Trump signs

“This is a clear violation of FEMA’s core values and principles to help people regardless of their political affiliation,” FEMA ...

Two Saudi officers killed in Yemen attack

Riyadh officials attribute training camp assault to ‘lone wolf’ soldier

Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts

More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closures

Bitcoin hits record high as Trump sweeps swing states

Cryptocurrency surges to $80,000 for first time after decisive Republican win in presidential election

Mistrust between Russia and the west will outlast the Trump era

The fight against the US and its allies has become the organising principle of Putin’s long reign

Tom Hanks is right: 35 might be the hardest age

Bad news millennials, you’re going through a regular crisis. Read More

Starbucks chairman Howard Schultz’s advice for young people: ‘You would benefit from working at a company’ before starting your own

The coffee billionaire says there’s value in pursuing the practical before following your dreams. Read More

8 expensive U.S. cities losing renters to these affordable hot spots

City-dwellers are being forced to either ditch their cities for affordable hot spots in the South and Midwest or downsize ...

Philippines aims to buy US missile launcher in move likely to anger China

Typhon intermediate-range system first deployed in archipelago for bilateral exercises

Amsterdam on edge after violence against Israeli football fans

Residents say city has become more tense amid rightward shift in Dutch politics and pro-Palestinian protests

UK chancellor to hail benefits of free trade amid impending US protectionism

Donald Trump has threatened to impose tariffs of up to 20% on all imports into America

Trump vowed to oust SEC Chairman Gary Gensler, and these crypto advocates could take his place

While Trump in July promised to fire Gensler on day one of his second administration, he technically can’t remove Gensler ...

Democrats do not know how to talk to young men — and it cost them

The Harris campaign failed to engage with these voters as citizens with agency

How Thames Water became a battleground for hedge funds

Rival groups of bondholders are vying to extend loans to the troubled UK utility

Henry Keswick, taipan who took Jardine Matheson back to China, 1938-2024

British businessman pushed his historic family-run trading house into mainland Chinese and South-east Asia markets