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Global Economy

  • Wednesday, 4 February, 2026
    FirstFT
    FirstFT: Russia suspected of intercepting Europe’s key satellites

    Also in today’s newsletter: Lloyds overhauls strategy and Santander’s US acquisition

    2 hours ago
    A satellite with large blue solar panels and multiple dish antennas is seen in space against a starry background.
  • Wednesday, 4 February, 2026
    Martin Wolf
    Reading the runes on a Warsh Fed

    The presumptive next chair might be better than others on the list, but he is a confusing, perhaps confused, figure

    3 hours ago
    An illustration showing Kevin Warsh depicted as Atlas, kneeling and holding a large Federal Reserve seal on his shoulders, with a US flag beneath him
  • Wednesday, 4 February, 2026
    Rare earths
    Rare earths customers in rush to find alternatives to Chinese suppliers

    Trade tensions between Beijing and Washington drive ‘influx’ of funding, says Adamas Intelligence

    3 hours ago
    Rare earth powders of various colors displayed in glass containers at the China Northern Rare Earth Group High-Tech Co Ltd booth.
  • Wednesday, 4 February, 2026
    Semiconductors
    Nvidia AI chip sales to China stalled by US security review

    The state department has pushed for close scrutiny before approving export licences

    Jensen Huang speaks at a podium with the presidential seal as Donald Trump stands beside him, with flags and equipment in the background
  • Wednesday, 4 February, 2026
    News in-depthTrump tariffs
    India hails Trump ‘deal’ but ducks discussing Russian oil ban

    Analysts deeply sceptical of US president’s claim that Narendra Modi has promised to stop buying crude from Russia

    Reliance Industries oil refinery in Jamnagar, Gujarat; Trump and Modi
  • Tuesday, 3 February, 2026
    US politics & policy
    Private jet sellers rattled by Trump threats on Canadian-made aircraft

    US president’s vow to ‘decertify’ planes and impose tariffs of 50% hits Bombardier’s shares

    A Gulfstream G450 business jet is parked on display with its boarding stairs extended and seating arranged nearby at an air show.
  • Tuesday, 3 February, 2026
    Supply chains
    Taking a trip down memory lane

    Charting SanDisk’s spectacular consensus smash

  • Tuesday, 3 February, 2026
    White House Watch
    Trump agrees to lower tariffs on India

    Also in today’s newsletter, diplomats say US-Iran talks expected in coming days

    US President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office at the White House on February 13, 2025 in Washington, DC.
  • Tuesday, 3 February, 2026
    Chris Giles on Central Banks
    Scenarios for a Warsh Fed

    Plausible predictions have vastly different outcomes. Also in this newsletter, US trade balances move back to normality

    Premium content
    Kevin Warsh speaks at the 2025 spring meetings of the IMF
  • Tuesday, 3 February, 2026
    Chinese trade
    EU probes turbine maker Goldwind over Chinese subsidies

    Regulator found manufacturer could have received grants and preferential tax treatment that undermine European industry

    Close-up of a Goldwind wind turbine with its blades and nacelle visible, set in an offshore wind farm.
  • Tuesday, 3 February, 2026
    Siemens Energy
    Siemens Energy calls for Trump policy stability as it commits $1bn to US

    German group’s boss says America remains ‘excellent market’ despite ‘painful’ wind farm and tariff moves

    Rows of tall white wind turbines stand in a desert landscape with mountains in the background under a clear sky.
  • Tuesday, 3 February, 2026
    FirstFT
    FirstFT: SpaceX buys xAI in $1.25tn deal

    Also in today’s newsletter: ties between top Goldman Sachs lawyer and Jeffrey Epstein

    The SpaceX logo appears in the foreground with a blurred photo of Elon Musk in the background.
  • Tuesday, 3 February, 2026
    Indian business & finance
    Indian rupee records biggest one-day gain in seven years after Trump trade deal

    Stocks also rise in first trading session as US pledges to lower country’s tariffs to 18% following oil agreement

    A bronze bull statue and statues of people are displayed in front of the National Stock Exchange building in Mumbai as pedestrians walk by.
  • Tuesday, 3 February, 2026
    Reserve Bank of Australia
    Australian central bank reverses course with interest rate increase

    Rise comes 6 months after cut as RBA warns on inflation

    People walk up and down wet steps outside the Reserve Bank of Australia building in Sydney, some carrying umbrellas. Large historic photos of Sydney are displayed on the building.
  • Tuesday, 3 February, 2026
    News in-depthTrump tariffs
    Inside Trump’s $550bn ‘shakedown’ of Japan Inc

    Tokyo signed the US president’s biggest deal yet. Will the investments ever materialise?

    Left to right: US commerce secretary Howard Lutnick, US President Donald Trump and SoftBank founder Masayoshi Son
  • Tuesday, 3 February, 2026
    News in-depthThailand
    How Thailand became the ‘sick man’ of Asia

    Once a regional tiger economy with double-digit growth, its pivotal drivers of consumption, manufacturing and tourism are in decline

    Tourists walking and browsing food stalls on a busy, brightly lit street in Bangkok’s Chinatown at night
  • Monday, 2 February, 2026
    Trump tariffs
    Trump to slash India tariffs after Modi ‘agrees’ to stop buying Russian oil

    Levies will drop from 50% to 18% as US president claims New Delhi will buy more than $500bn of American goods

    Donald Trump listens as Narendra Modi speaks at podiums during a joint press conference at the White House.
  • Monday, 2 February, 2026
    Nick Thomas-Symonds
    This is what a proper Brexit looks like

    Prosperity and security will be driven by removing unnecessary barriers that hold businesses back

    Maroš Šefčovič and Nick Thomas-Symonds shake hands in front of the EU and UK flags.
  • Monday, 2 February, 2026
    Elisabeth Braw
    American brands have lost their cool

    As boycotts spread, the US is discovering the price of being politically unpopular

    A group of young people sit closely together on top of the Berlin Wall, dressed in jeans.
  • Monday, 2 February, 2026
    Isaac Kardon
    China is the main beneficiary of Trump’s Arctic antics

    As the US redeploys its navy and alienates allies, Beijing is filling the void

    Royal Danish Navy HDMS Knud Rasmussen-class patrol vessel moves through icy harbor waters, with snow-covered mountains in the background.
  • Monday, 2 February, 2026
    US trade
    US to launch $12bn critical minerals stockpile to counter China’s dominance

    US Export-Import Bank will provide $10bn in debt financing for effort named Project Vault

    A worker in a red shirt moves a large roll of copper among several tightly coiled copper rolls inside a factory.
  • Monday, 2 February, 2026
    Rare earths
    EU struggling to diversify critical minerals supply, warns report

    European Court of Auditors says bloc’s raw materials policy rests on ‘incomplete foundations’

    A technician inspects a row of solar panels at the Weesow-Willmersdorf solar park under a sunny sky.
  • Monday, 2 February, 2026
    EU economy
    Draghi calls for EU ‘federation’ to avoid being ‘picked off’ by US and China

    Former ECB president says globalisation will leave Europe vulnerable unless it pools power

    Mario Draghi speaks at a news conference, gesturing with his hand in front of a purple background.
  • Monday, 2 February, 2026
    Trade Secrets
    EU’s geopolitical gesture is too cheap to be credible

    Brussels sacrificed its own principles when signing a trade deal with India

    Premium content
    Narendra Modi, Ursula von der Leyen, and Antonio Costa stand together holding hands aloft, smiling in front of EU and Indian flags.
  • Monday, 2 February, 2026
    FirstFT
    FirstFT: Gold and silver prices extend slump

    Also in today’s newsletter: revelations from 3mn Epstein-related documents, and Wall Street banks vs crypto companies

    A man assists a customer at his jewellery shop, surrounded by gold jewellery and a prominent “We Buy Gold” sign.
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Most Read

  1. How Thailand became the ‘sick man’ of Asia
  2. This is what a proper Brexit looks like
  3. Trump to slash India tariffs after Modi ‘agrees’ to stop buying Russian oil
  4. Inside Trump’s $550bn ‘shakedown’ of Japan Inc
  5. Private jet sellers rattled by Trump threats on Canadian-made aircraft

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