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Stay informed with free updates Simply sign up to the Sam Bankman-Fried myFT Digest — delivered directly to your inbox. Sam Bankman-Fried’s trading firm Alameda Research secretly dipped into FTX customer funds just months after the crypto exchange — which collapsed with an $8bn hole in its balance sheet in November — was founded, the

The US will resume deporting Venezuelans who have entered the country illegally, the State Department announced on Thursday afternoon. “This decision is consistent with the administration’s efforts to implement a strategy of humane, safe, and orderly enforcement of our immigration laws,” a State Department statement read. Venezuela, which is mired in economic and political crisis,

New York congresswoman Elise Stefanik, with ousted Speaker Kevin McCarthy behind her, talks to reporters last November. She is considered a potential replacement for McCarthy © Chip Somodevilla/Getty Images The US House of Representatives is now in chaos. Nobody knows who the next Speaker will be. It took Kevin McCarthy 15 rounds before he won

Receive free Kevin McCarthy updates We’ll send you a myFT Daily Digest email rounding up the latest Kevin McCarthy news every morning. Kevin McCarthy’s position as Speaker of the House of Representatives was in peril on Tuesday after 11 Republicans voted to proceed with an effort to oust him and Democrats said they would not

Receive free Indian politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Indian politics & policy news every morning. Welcoming Narendra Modi to Washington in June, Joe Biden said: “There’s an overwhelming respect for each other because we’re both democracies.” The joint statement issued by the US and

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