Greenland calls for ‘Nato framework’ protection from Trump’s threats
Also in this newsletter: A rare bright spot amid the EU’s single market woes and the fight over Ukraine’s €90bn loan
FTAV’s further reading
The Fed; private lending; GoFundMe; post; illbeing; macOS; Reform UK; and white dating
FirstFT: UBS chief Sergio Ermotti plans to step down in April 2027
Also in today’s newsletter: US tariff on Iran’s partners and EU trade
Transcript: Markets shrug off investigation into Powell
Marc Filippino talks to Oliver Barnes and Robert Armstrong
Top US commander says China still exerting military pressure in Asia
Stability in relations with Washington has not eased Beijing’s stance in region, says Admiral Samuel Paparo
Milan’s most luxurious hotels
From chic boutique hideaways to grandes dames stays
Europe’s corporate powerbroker in Spain
Plus, Saks Global faces bankruptcy and AIG edges back towards risk
Lawfare comes for the dollar
The attack on Jay Powell and the Federal Reserve is a serious threat to the position of the US currency
US defence companies’ generous buybacks make for an easy target
For a monopsonistic buyer such as the Department of Defense, profitability looks like an opportunity in disguise
Understanding Iran: seven books that help explain this week’s unrest
Essential reads on the politics and history of the country’s Islamic regime since the revolution and fall of the Shah in 1979
California’s billionaire tax plan will backfire
Over the past 50 years the state has become overly reliant on a few deep pockets that it cannot afford to lose
European aircraft to track ‘rivers in the sky’ blamed for flooding
Concentrated streams of high-altitude water were behind UK storms such as Bert in 2024 and are expected to intensify with climate change
When robots meet commercial reality
Implementing automation systems requires a lot of planning, time and money
Openreach needs to make full fibre broadband work
BT’s infrastructure company cannot retreat on its plans for a national digital network
Ministers target law firms’ client interest in England and Wales
Legal sector could be forced to pay government hundreds of millions of pounds under proposals
UBS boss Sergio Ermotti plans to step down in April 2027
Race for coveted role comes as bank fights Swiss government over threat of more stringent capital buffers
Job losses in European car parts sector top 100,000 in two years
Auto suppliers such as Bosch among those to have announced large lay-offs in 2025
Coutts in talks with Apollo and Ares over private markets funds for rich clients
Negotiations come as asset managers turn to retail investors after slowdown in flow of cash from institutional backers
Trade between EU member states is slowing, data shows
Findings reinforce warnings from policymakers such as Christine Lagarde that internal market has ‘stood still’
US businesses hit by anti-Indian backlash as Trump restricts foreign labour
Increase in racist rhetoric against south Asians follows the White House’s overhaul of visas for skilled workers
Local brands weaken European luxury groups’ grip in US and China
Shoppers in the industry’s biggest two markets opt for domestic alternatives to long-dominant old guard
Microsoft warns that China is winning AI race outside the west
DeepSeek’s technology is being rapidly adopted across Africa and beyond, tech group’s research shows
First Brands creditors claim ‘two-man’ firm enabled founder’s brother’s fee windfall
Helios Strategic Advisors is latest firm drawn into scandal over bankrupt US auto parts maker
How to achieve the perfect fringe
According to a bangs superfan