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US president Joe Biden said America would “not walk away” from Ukraine after Congress jettisoned $6bn in aid to avert a government shutdown, even as Republicans tied further funding to the contentious issue of border security. “I want to assure our American allies, the American people and the people in Ukraine that you can count

ESPN is close to finalising a deal on broadcast rights with the emerging golf league TGL, according to people familiar with the matter, giving the upstart pro league helmed by Tiger Woods and Rory McIlroy a media partner as they prepare to launch next year. Terms of the deal, including value and duration, have not

Argentina’s poverty rate reached 40.1 per cent in the first half of 2023, as the South American economy descended into its worst crisis in two decades. The figure, released by Buenos Aires on Wednesday, comes four weeks ahead of Argentina’s high-stakes presidential election. The poverty crisis is at its worst since the height of the

Receive free Airlines updates We’ll send you a myFT Daily Digest email rounding up the latest Airlines news every morning. Airline passengers in Europe face the prospect of higher ticket prices following a rally in the price of oil which has threatened carriers’ booming profits. Crude oil has risen to $95 per barrel this week,

A high-profile Chinese television presenter who was in a relationship with the country’s ousted foreign minister had a child last year with the help of a surrogate mother in the US, people familiar with the matter have said. Fu Xiaotian, 40, was in a relationship with Qin Gang, according to six people close to Fu

Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. The boss of Nissan has warned that the world “needs to move on” from the internal combustion engine days after UK prime minister Rishi Sunak delayed a ban on the sale of new

Receive free War in Ukraine updates We’ll send you a myFT Daily Digest email rounding up the latest War in Ukraine news every morning. US president Joe Biden has decided to send American long-range missiles known as ATACMS to Ukraine after months of deliberations over whether to provide Kyiv with the munitions, according to people

Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Wall Street stocks recovered on Friday after a week in which equities have been buffeted by rising oil prices and growing expectations that interest rates will stay higher for longer. Wall Street’s benchmark S&P 500

Receive free UK interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest UK interest rates news every morning. UK mortgage rates are expected to fall further after the Bank of England held interest rates at 5.25 per cent after almost two years of rising borrowing costs.  Mortgage prices have

Rishi Sunak’s anticipated delay in banning the sale of new petrol and diesel cars has prompted a backlash from the UK automotive industry, which warned it would undermine investment certainty. The UK prime minister’s expected shift of the target from 2030 to 2035, which was noted in automotive boardrooms across the world, has cast uncertainty

Receive free FTX Trading Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest FTX Trading Ltd news every morning. FTX has sued the parents of Sam Bankman-Fried, claiming they enriched themselves by siphoning off millions of dollars from the cryptocurrency exchange their son founded. In a court filing late on

Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. The UK car industry has called for tax incentives to help motorists switch to electric vehicles to offset a weakening demand for battery models among private buyers. “Our EV market is emerging from

Receive free Share buybacks updates We’ll send you a myFT Daily Digest email rounding up the latest Share buybacks news every morning. Share buybacks on the US stock market have dropped to the slowest pace since the early stages of the Covid-19 pandemic as rising interest rates undermine the incentive for companies to purchase their

Russia has authorised unreinforced oil tankers to sail through its icy Northern Sea Route for the first time, triggering warnings Moscow is risking a catastrophic Arctic spill as it reroutes sanctions-hit energy exports to Asia. Two tankers were granted permission in August to carry out the 3,500-mile long journey along Russia’s northern coast, despite not

Receive free Chinese politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese politics & policy news every morning. The US government believes Chinese defence minister Li Shangfu has been placed under investigation in the latest sign of turmoil among elite members of Beijing’s military and foreign policy

Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Beijing has attacked the EU’s anti-subsidies investigation into China’s electric car industry as a “naked protectionist act” and warned that it will have a negative impact on relations in its first official comments

US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,

The world is at “the beginning of the end” of the fossil fuel era, according to the leading global energy watchdog, which for the first time has forecast that demand for oil, natural gas and coal will all peak before 2030. New projections by the International Energy Agency forecast that the consumption of the three

China has challenged the planned US presidency of the G20 in 2026, according to officials briefed on the discussions, in a move that underscores the deep sense of mistrust between Beijing and Washington. Chinese officials used diplomatic meetings at the G20 summit in New Delhi this week to voice opposition to the US assuming the

For Beijing-based real estate agent Xue, deals have bounced back over the past week in the wake of government measures aimed at propping up the country’s stumbling property sector and the broader economy. “The inventory of available properties is decreasing daily,” said Xue, who asked to be identified by one name, adding there were signs