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Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU after industry warned that the measure would backfire. In a boost for Rishi Sunak’s government, Berlin now supports the UK’s calls for a three-year delay to the duties, two people familiar with the situation said. At

Warner Music has acquired a majority stake in record company 10K Projects, the upstart label behind the rapper Ice Spice, for an undisclosed sum, according to a person familiar with the matter.  10K Projects was founded in 2016 by Elliot Grainge, the son of Universal Music chief Lucian Grainge — Warner Music’s rival.  Warner, the

Apple and Microsoft, the most valuable companies in the US, have argued some of their flagship services are insufficiently popular to be designated “gatekeepers” under landmark new EU legislation designed to curb the power of Big Tech. Brussels’ battle with Apple over its iMessage chat app and Microsoft’s search engine Bing comes ahead of Wednesday’s

Chinese lenders stepped in to extend billions of dollars to Russian banks as western institutions pulled back their operations in the country during the first year of Moscow’s invasion of Ukraine. The moves by four of China’s biggest banks are part of Beijing’s efforts to promote the renminbi as an alternative global currency to the

Receive free Healthcare updates We’ll send you a myFT Daily Digest email rounding up the latest Healthcare news every morning. Are the British work-shy? The UK is now the only developed country where more people have continued to drop out of the workforce since the pandemic. The work and pensions secretary has urged the over-50s

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Chinese property stocks declined on Thursday after Country Garden, once the country’s largest developer by sales, reported record losses and China Vanke cancelled a share placement. The CSI 300 Real Estate index, which tracks property stocks listed on mainland exchanges, declined 4.1 per cent in morning trading. Hong Kong’s Hang Seng Mainland Properties index declined

US secretary of commerce Gina Raimondo has told China’s number two official Premier Li Qiang that Washington does not want to decouple from the world’s second-largest economy and hopes to expand trade. Her meeting in the Great Hall of the People in Beijing with Li, a close confidant of President Xi Jinping and the head

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well

European equities and Wall Street futures rose on Thursday, as blowout revenues from chipmaker Nvidia fuelled investor enthusiasm for artificial intelligence stocks.  Europe’s region-wide Stoxx Europe 600 pared some early morning gains but traded 0.3 per cent higher, while France’s Cac 40 added 0.4 per cent and Germany’s Dax gained 0.3 per cent.  The Stoxx

Russia’s army has dismissed Sergei Surovikin, a prominent general, as head of its aerospace forces amid a crackdown on potential Wagner sympathisers following the paramilitary group’s failed mutiny in June. State newswire RIA Novosti cited an “informed source” on Wednesday saying Surovikin had been “relieved of his post” and replaced by Viktor Afzalov, the aerospace

Your browser does not support playing this file but you can still download the MP3 file to play locally. Zero day options are now almost 50 percent of the options market. But what are they? And why would anyone take these bets? Today on the show, host Ethan Wu and Alphaville’s Robin Wigglesworth discuss the

When I published a bullish book about Asia in 2016, I felt I had good answers to all the sceptical questions except one. What about China’s demography? The cliché was that China will “grow old before it grows rich”. Like many clichés, it turns out to have some truth to it.  For all the talk in

China will push the Brics bloc of emerging markets to become a full-scale rival to the G7 this week, as leaders from across the developing world gather to debate the forum’s biggest expansion in more than a decade. South Africa’s President Cyril Ramaphosa has invited more than 60 heads of state and government to a

Some of the UK’s biggest companies are seeking to separate a prominent boardroom diversity campaign from the CBI after they cut ties with the crisis-hit business lobby group.  FTSE 100 groups Aviva, Schroders and Sage as well as Big Four consultancies Deloitte and EY are among the companies that have been involved in the talks,

The US, Japan and South Korea are to create a leader-level hotline and hold annual military exercises as part of a historic trilateral agreement that will help Washington and its Asian allies boost deterrence against North Korea and China. President Joe Biden will announce the move with Japanese prime minister Fumio Kishida and South Korean

In this time of psychobabble, of therapeutic jargon and remote diagnosis, one mental condition is worth our focus for a moment. Treasury Brain. This is a cognitive defect that is said to afflict the finance ministry of the UK. Civil servants there, it is alleged, have an irrational aversion to ideas that incur upfront cost

“France cannot be France without greatness,” wrote Charles de Gaulle in the opening of his memoirs. His nation, he insisted, must always be in “the first rank”. Vladimir Putin feels the same way about Russia. Back when I was still able to visit that country, Fyodor Lukyanov — a foreign policy thinker close to Putin

Inflated shipping costs are enabling Russian companies to earn far more from crude oil sales to India than previously recognised, according to a Financial Times analysis which suggests that the charges may have raised more than $1bn in a single quarter. Russia has, until recently, appeared to comply on this route with western measures designed

Sly, Soviet-style jokes are enjoying a subtle revival on Chinese social media platforms. Their art resides in being too obscure for censors to understand yet clear enough for cynics to chuckle at their mockery. Some are so esoteric that their satire is confirmed only by the censors’ decision to delete them — echoing the cat-and-mouse