Japan frustrated at Trump administration’s silence over row with China
Tokyo asks US to be more vocal in its support after Beijing reacted furiously to prime minister’s comments about Taiwan
Sunday Number 122: World Puzzle
US defence secretary says Monroe Doctrine is ‘stronger than ever’
Pete Hegseth promises ‘peace through strength’ as he asserts American military dominance in western hemisphere
US High School Economics class: The housing crisis is pushing Gen Z into crypto and economic nihilism
Housing
What students should know about UK and US politics
Read a selection of FT articles on parties, voting and interest groups picked by our teacher advisers
School politics class: Starmer rules out rejoining EU customs union but steps up ‘reset’ efforts
European Union
Scottish Tory peer defects to Reform at Falkirk rally
Lord Offord says he will resign his peerage and stand for election to Holyrood next year
UK bankers hail coming ‘off the naughty step’
Lloyds Banking Group boss Charlie Nunn tells FT summit the ‘narrative has changed significantly’
Surging gas prices worsen affordability crisis for Americans
Record US LNG exports are colliding with a cold snap as rising energy costs create political problem for Trump
Climate rift opens between Amazon and rivals in row over data centre power
US tech giant accused of pressuring top European clean energy group over changes to emissions rules
The yen-yield break-up
The dollar-yen exchange rate is moving opposite the traditional pattern with yields
Private equity courts German football royalty
Also in today’s newsletter: female athlete pay lags behind, and an F1 special report
Investment trusts 2025
A traditional investment sector battles for a share of a rapidly changing market
Why Americans are feeling poorer even though they’re not
Essential services cost more because people are better off
Leaders and laggards in a strong year for FTSE 100 stocks
Miners and banks drive the benchmark index to its best performance since 2009
Cash in stocks-and-shares Isas could be taxed at 20%, industry warns
Investment sites demand clarity on what will count as a ‘cash-like instrument’ under new rules
Glencore’s copper pitch: buy in or buy me
Miner’s assets and prospects strengthen its hand for M&A — a game it knows better than anyone
EU plans strategic overhaul to fix energy grid bottlenecks
Top-down approach will identify investment gaps and push countries to co-ordinate projects, says bloc’s energy chief
Deutsche Bank to move into Revolut’s Canary Wharf headquarters
German lender will become largest tenant in building emblazoned with fintech’s logo
Hans-Jörg Rudloff, banker, 1940-2025
A kingpin of European finance, his competitive spirit and sincere faith in capitalism transformed the eurobond market
Boaz Weinstein’s tilt at UK investment trusts succeeds — though not on his terms
Evidence suggests investor pressure was already building before his intervention
Should captains always go down with their ships?
It is psychologically intolerable for the general public to not have an individual face to blame
Russian tourists diverted from Venezuela to Cuba amid US strike threat
Threat of military action disrupts flow of holidaymakers travelling to Margarita island
Mega is trumping Maga in stocks
European shares have had a breakout year, particularly for dollar-based investors