US halts offshore wind licences over national security concerns
Shares in Ørsted, the world’s largest offshore wind developer, fell by more than 14% after announcement
Larry Ellison gives $40bn personal backing to Warner Bros Discovery bid
Oracle co-founder has agreed to backstop Paramount’s $108bn hostile bid personally
Middle powers face a new age of uncertainty
Rather than unleashing a new multi-polar era, US retreat has left states scrapping for advantage in an ill-defined order
UK to ban boiling lobsters alive as animal welfare standards tightened
Method is still used in some restaurants but campaigners say this “torture” is avoidable
HSBC hires former Citi executive who clashed with Andy Sieg
Ida Liu to join Europe’s largest lender as head of its global private bank
Gold and silver hit record highs on geopolitical tensions
US blockade on Venezuelan oil and bets on Fed rate cuts drive up prices of precious metals
Pink Floyd reunite two sections of ‘Shine on You Crazy Diamond’ for a masterpiece of epic proportions
Continuous version of 1975 song labelled ‘Pts 1 to 9’ appears on 50th anniversary box set of ‘Wish You Were Here’
When We Are Married — JB Priestley’s classic comedy gets an exemplary revival
An exceptional cast brings new life to the 1938 play at the Donmar Warehouse, London
The EU’s old protectionist instinct outweighs its new geopolitical ambition
Stalling of the EU-Mercosur trade deal is another bad sign for European strategic independence
China hits EU dairy industry with levies of up to 42.7%
Move stokes an already strained trading relationship between Brussels and Beijing
When F Scott Fitzgerald’s Christmas wish came true
The Pat Hobby stories about a washed-up writer in Hollywood were written to make money fast — they are also the final flowering of Fitzgerald’s eccentric genius
North Sea operator Harbour buys Gulf of Mexico oil group for $3.2bn
UK company strikes deal as it seeks to expand internationally
James MacMillan’s Christmas Oratorio — a spiritual journey filled with emotion
A highly persuasive performance at Barbican Hall showed the depth and range of the composer’s sacred work
Russian general killed in Moscow car bomb
Authorities say Fanil Sarvarov died in an explosion on Monday
The chicest coffee-table books of the year
In need of a last-minute gift? We’ve rounded up 17 of the most beautiful editions from the past 12 months
FirstFT: 2025’s stock market winners and losers
Also in today’s newsletter: Binance special investigation and Apollo takes up defensive crouch
Trump’s new special envoy says Greenland should be part of US
Jeff Landry’s appointment underlines US president’s determination to control Arctic island, but outrages Denmark
Don’t forget the other hostile bid battle in US media
Local TV group EW Scripps at centre of another merger-related drama
Japan official warns on yen’s ‘sudden’ weakness
Traders see higher potential for government intervention to support currency
Coty hires P&G veteran as executive chair in leadership overhaul
Markus Strobel also becomes interim chief, replacing Sue Nabi who departs after sharp falls in share price
The year in review (part one)
The defining market themes of 2025
The asset management year in review
A look back at the stories that dominated in 2025
The best of FT Alphaville, 2025 edition
TL;DR: lots and lots of navel-gazing
Hawkish Fed overtones not expected to last long into 2026
Read the December forecast from the FT’s Monetary Policy Radar team