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Lingering consumer anger over high prices is hurting governments in advanced economies even though inflation is subsiding to normal levels, as a once-in-a-generation surge in costs leaves a toxic legacy for incumbent politicians. Discontent over the economy was a key motivator for Republican voters in this week’s US election, exit polling suggested — contributing to
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Nibbling on crabs, sushi and sugar cookies, some of the richest and the soon-to-be most powerful people in the world waited for the election results on Tuesday night at Mar-a-Lago, Donald Trump’s gilded fortress on the sea.   At one of the tables, Trump sat with Elon Musk, the billionaire technology executive, and Dana White, chief
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Election watchers are likely to have their first glimpse of results once some polls close in Indiana and Kentucky, the states where in-person voting booths shut down first. The pair are Republican strongholds, though, and may not reveal much about how the close races will pan out. The first of the important swing states to
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Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities in a move that threatens to further dent investor confidence in the world’s second-largest economy. Tax officials in recent months have asked wealthy individuals and companies to carry out “self-inspections” of their tax payments and cough up any deficiencies, as local
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch has been elected the new Conservative leader, with a vow to reset the party’s thinking and politics after its catastrophic election defeat this summer. The former business secretary won 57 per cent of
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK Prime Minister Sir Keir Starmer has sought to reassure nervous markets that his government will not become addicted to tax and spend after this week’s Budget, as he promised to carry out tough reforms
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€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee An old mentor used to consult women’s dress sales when he wanted to know what was going on with the economy,
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU’s financial markets watchdog wants expanded powers to oversee major stock exchanges and other critical parts of the bloc’s financial infrastructure, as it bids to become a European version of the US Securities and