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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

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

Chinese authorities stepped up measures to support the renminbi and boost the country’s housing market in an effort to restore confidence in the world’s second-largest economy. The People’s Bank of China said on Friday it would cut the amount of foreign currency that financial institutions are required to hold in reserve, signalling its resolve to

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

Receive free UK house prices updates We’ll send you a myFT Daily Digest email rounding up the latest UK house prices news every morning. UK house prices contracted at the fastest annual pace since 2009 in August as the impact of higher interest rates hit the property market, according to the mortgage provider Nationwide. The

European stocks eked out small gains and Bund yields rose on Wednesday as investors waited for economic data from the eurozone, which is expected to provide more signals on the outlook for inflation. The region-wide Stoxx Europe 600 index advanced 0.1 per cent, extending gains into the third consecutive trading session, while France’s Cac 40

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

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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

Donald Trump has surrendered to authorities in Atlanta, Georgia, where he faces 13 criminal charges over alleged attempts to subvert the results of the 2020 presidential election. The 77-year-old, who is the clear frontrunner in the race to again become the Republican candidate for the White House, was booked in Fulton County and photographed, before

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

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