Yen tumbles and Japan stocks soar as election talk reignites ‘Takaichi trade’
Currency at lowest since July 2024 after finance minister expresses concern over ‘one-way’ weakening
Beretta takes aim at rival gunmaker Sturm Ruger with threat of proxy fight
Luxembourg-based firearms manufacturer has amassed nearly 10% stake in US competitor
Fortnum & Mason to rebuild European sales on hopes of new UK-EU trade deal
British grocer seeks to grow exports of hampers, teas and jams that were hammered by Brexit
The cost of taking orders from Trump
The administration’s war on the Federal Reserve illustrates the threat of fiscal dominance
JPMorgan Chase’s profits fall 7% as investment bank fees disappoint
US’s biggest bank also lifts loan loss provisions after agreeing to take over Apple’s credit card portfolio
Do not wait around for nuclear fusion
Industry is sceptical that the technology will be commercially viable anytime soon
Townhouse treatment: Milan’s Casa Baglioni hotel
An upscale apartment-style stay complete with a destination restaurant, in the arty Brera district
Starmer signals tougher stance on children’s social media access
Prime minister tells Labour MPs he is watching impact of Australia’s ban
Industry season 4 — finance hit reaches new depths of depravity at a breathless pace
Refreshed series gains a razor-sharp new focus, hurried along by its fondness for responding to headlines
How to de-risk from America
There is no precedent of a dominant power abandoning its primacy, as Trump is doing
Ministers to announce new rail link between Birmingham and Manchester
Government will reveal much-delayed plans for major new and upgraded rail links in north of England
Forty hours and thousands of boxes ransacked: inside Germany’s latest bank heist
Criminals escaped with cash, gold and valuables worth tens of millions of euros from thousands of customers
Russia hits Ukrainian energy facilities as winter takes hold
At least four people killed and hundreds of thousands without power after missile and drone bombardment
FirstFT: Republican backlash against Powell investigation grows
Also in today’s newsletter: UBS’s Ermotti to step down and Trump threatens Iran-linked trade with tariffs
Central bank chiefs ‘stand in full solidarity’ with Jay Powell
Governors from 11 institutions issue statement of support for embattled Fed chair
Ukraine’s G7 allies to press Trump in crunch talks at Davos
Leaders of Italy, Germany, France, Canada and UK will seek US president’s personal endorsement on security guarantees
AI cannot take responsibility for human faults
As Grok shows, decisions have consequences and someone needs to be able to answer for them
Billions from a million: the London VC that hit the jackpot with Revolut
Balderton Capital led $75bn fintech’s first funding round and retains substantial stake even after cashing out $2bn
BBC seeks to get Trump’s $10bn lawsuit thrown out of court
Broadcaster argues that ‘Panorama’ documentary at centre of president’s claim was not available in the US
What are Trump’s options in Iran?
US president has threatened another military intervention in the protest-hit country but his objectives are unclear
Games Workshop bans use of AI in its designs
Group behind Warhammer taking ‘very cautious’ approach and says it will ‘respect our human creators’
Distressed debt buyer applies to put UK broadband operator into administration
FitzWalter Capital’s move at G.Network is set to mark the first insolvency in Britain’s ‘altnet’ sector for years
Nadhim Zahawi joining Reform shrinks the Farage ‘fear’ factor
Defection helps rightwing party by making it less scary and more viable in era of bloc-based politics
Ørsted shares rally after US court lifts block on key wind farm project
Danish company says ruling will allow work on Revolution Wind to restart immediately