What would EU’s €93bn retaliatory tariffs against US cover?
Boeing aircraft, bourbon, motorcycles and soyabeans among targeted products if Donald Trump makes good on his threats
Could Europe really leverage its $12.6tn pile of US assets?
NIIPing an outlandish idea in the bud
Starmer says he does not think Trump would use military force to seize Greenland
Trade war with US risks ‘huge damage’ to UK, warns British prime minister
Japan’s Takaichi sets February 8 election date in bid for ‘major policy change’
Prime minister’s pledge to suspend sales tax on food for two years hits bonds
FirstFT: Gold soars and equities sink after Trump’s Greenland threat
Also in today’s newsletter: China registers lowest number of births since records began and Sequoia Capital lines up Anthropic investment
Don’t miss HTSI’s most popular stories, from minimal homes to mile-high pancakes
Catch up on the most-read pieces of the week
Student loan reforms risk hit to US university tuition revenue
Lower borrowing caps will limit access to graduate education, research warns
Trump has invited Putin to join ‘Board of Peace’, Kremlin says
Russian president’s spokesperson says Moscow is ‘studying all details of the offer’ to join board overseeing Gaza
CVC strikes $3.5bn partnership with US insurer AIG
Deal marks the latest tie-up between private markets and insurance firms as investment drive escalates
IMF warns global economic resilience at risk if AI falters
Fund’s chief economist says there are reasons to be concerned about a potential AI correction
Defence policy falters when given the wrong prompt
If the UK can no longer soothe the US with its pledges, it should refocus on what spending targets are actually for
Reeves hails ‘golden age’ for City after easing of listing rules
Rule changes for share and bond listings come into force on Monday
Trump links Greenland pursuit to failure to win Nobel Prize
US president texts Norwegian leader that he no longer feels obliged ‘to think purely of Peace’ after missing out on award
Spain train crash kills at least 39 and injures more than 150
Collision near southern city of Córdoba is country’s worst rail accident in more than a decade
Will it be another plane weird UK inflation print?
Blame on current air fares
WHSmith appoints Leo Quinn as executive chair
Former Balfour Beatty boss targets rebuilding of relations with travel retailer’s investors after accounting scandal
UK taxpayers exposed with creditors set to take over struggling broadband provider
National Wealth Fund, NatWest and Lloyds make move after unsuccessful attempt to sell Gigaclear
Stocks fall and gold hits record as Greenland crisis deepens
European countries race to respond after Donald Trump threatens tariffs in pursuit of Arctic island
FTAV’s further reading
Fundsmith; yield curve inversion; Adam Tooze; AI in various guises; Dilbert; and cooks’ knives
Europe braces for the transatlantic relationship’s toughest week
Also in this newsletter: Candidate for ECB vice-presidency urges action against tariff ‘structural shock’
Investors pull billions from private credit funds
Plus, Europe’s unaffordable pensions, Lebanese bond rally and Nan Goldin at the Gagosian
EU readies €93bn tariffs in retaliation for Trump’s Greenland threat
Europe could also threaten to restrict US companies’ market access in run-up to crunch talks at Davos
Transcript: EU readies retaliation for Trump’s Greenland threat
Victoria Craig speaks to Camilla Hodgson and Mercedes Ruehl
The World 2026
Trump’s shock and awe vision for a new era of US power; Martin Wolf on the dangerous triumph of neo-mercantilism; scrutiny of multilateralism, defence spending, trade and AI; delving into WEF at Davos and how to speak Davosian