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Russia’s armed forces have recruited hundreds of Yemeni men to fight in Ukraine, brought by a shadowy trafficking operation that highlights the growing links between Moscow and the Houthi rebel group. Yemeni recruits who travelled to Russia told the Financial Times they were promised high salaried employment and even Russian citizenship. When they arrived with

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Funds managed by Goldman Sachs will write off almost $900mn after Swedish battery maker Northvolt filed for Chapter 11 bankruptcy this week.  Goldman’s private equity funds have at least $896mn in exposure to Northvolt, making

Scott Bessent sat directly to Donald Trump’s left as the then presidential candidate laid out his economic agenda to a roomful of Wall Street bigwigs at the Economic Club of New York in September.  Following his nomination to the top job at the US Treasury department, Bessent will now move into the spotlight as the

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has picked Scott Bessent to be his US Treasury secretary, nominating one of his biggest financial backers as the top economic official of his second administration, according to five people familiar

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt’s chief executive has resigned a day after Europe’s big battery hope filed for bankruptcy in the US. Peter Carlsson took responsibility for the dramatic collapse during a town-hall meeting with employees on Friday morning,

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Matt Gaetz has withdrawn his name from consideration for US attorney-general, in a blow to Donald Trump after the president-elect made the controversial former congressman his pick to run the Department of Justice.

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has fired an intercontinental ballistic missile for the first time since its full-scale invasion of Ukraine in 2022, following days of escalation in the conflict. Ukrainian air defence forces said the missile, which

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indian billionaire Gautam Adani has been charged by federal prosecutors in New York over an alleged years-long scheme to bribe Indian officials in exchange for billions of dollars’ worth of solar power contracts and concealing

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated sharply to 2.3 per cent in October, as higher energy costs pushed price growth above the Bank of England’s target. The annual consumer price index figure from the Office for National Statistics

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has struck a military target inside Russia using US-made long-range Atacms missiles for the first time since Joe Biden’s administration lifted restrictions on their use, according to people familiar with the matter. Army

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world European leaders should be prepared to send military forces to Ukraine to underpin any peace deal engineered by Donald Trump between Kyiv and Moscow, Estonia’s foreign minister has said. Margus Tsahkna told the

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. China’s biggest technology groups are building artificial intelligence teams in Silicon Valley, seeking to hire top US talent despite Washington’s efforts to curb the country’s development of the cutting-edge technology. Alibaba, ByteDance and Meituan have

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer, UK prime minister, will urge G20 leaders to “double down” on their support for Ukraine, as he seeks to rally support for Kyiv ahead of Donald Trump’s inauguration as US president in

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-supplied long-range missiles, in a big policy shift before the end of his White House term in January, two

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European markets are lagging behind Wall Street by a record margin after Donald Trump’s election victory pushed the region’s stocks lower and sent the euro tumbling. US stocks hit record highs after Trump secured his

Pyongyang has supplied Moscow’s army with long-range rocket and artillery systems, some of which have been moved to Russia’s Kursk region for an assault involving North Korean soldiers to push out Ukrainian forces, a Ukrainian intelligence assessment has found. In recent weeks, North Korea provided some 50 domestically produced 170mm M1989 “Koksan” self-propelled howitzers and

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nissan plans to warn ministers that the UK car industry has reached a “crisis point”, with jobs and competitiveness at risk unless the government relaxes electric vehicle rules, according to two people with direct knowledge

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Elon Musk’s private companies are set to secure multibillion-dollar jumps in valuation through new deals, as investors race to back the sprawling business interests of the world’s richest man. SpaceX, the largest private

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Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves will tell City of London regulators to dial up the risk in the UK financial services sector, claiming that rules drawn up after the 2008 financial crash have “gone too far”