Nvidia can sell H200 AI chips to China, Trump says
President says other chipmakers can also resume exports and ‘25% will be paid’ to the US
UK stairlift maker Stannah hands controls to first non-family CEOs
Jon and Sam Stannah step up to board level in shake-up designed to boost governance and accountability
In a tough year, private credit bosses are pointing fingers
Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations
Trump decides to let Nvidia export powerful H200 chips to China
Also in today’s newsletter, the US warns the EU to be ‘very careful’ after it fined Elon Musk’s X
Exxon to slash low-carbon spending by a third
Oil major will cut investment over next five years from $30bn to $20bn
Central bankers, let Turkey be a warning
Country is now running ultraorthodox policy but still struggling to bring persistent inflation down
Honduras orders arrest of former president pardoned by Trump
US president freed convicted drug trafficker from 45-year sentence, but he still faces charges at home
Trump is choosing the broligarchs over his base
When historians assess this age of American populism, Silicon Valley’s plutocrats will surely be judged its winners
Oil market faces ‘super glut’ as supply surge hits prices, Trafigura warns
Commodities trader says burst of new supply coming online will collide with reduced demand growth
Sudan militia seizes oil hub, disrupting crude exports
Neighbouring South Sudan unable to export its oil via Red Sea following RSF victory across the border
Russia’s oil industry could suffer long-term damage from Ukrainian drone attacks
Higher insurance costs, western sanctions and damage to infrastructure could erode Russian profits
The wabi-sabi answer to Santa’s grotto: Japan House London’s new craft show
Traditional or ‘kogei’ works in clay, glass and wood are an immeasurable step up from stocking filler tat
Are retail traders the captains now?
RIP EMH
FirstFT: Inside Paramount’s $108bn hostile bid for Warner Bros
Also in today’s newsletter: Fed and ECB moves on rates, and Revolut’s buyback offer
The Margherita pizza that changed the world
A new book traces Franco Pepe’s farm-to-fork revolution
Abu Dhabi’s Adnoc in deal talks over oil refinery at centre of US sanctions
UAE energy giant emerges as frontrunner to buy Russia’s controlling stake in Serbia’s sole oil-processing facility
BMW chief to leave after 35 years at carmaker
Oliver Zipse will be replaced by production head Milan Nedeljković in May
China set to limit access to Nvidia’s H200 chips despite Trump export approval
Discussions among regulators come as Beijing seeks to achieve self-sufficiency in semiconductor production
Maternity care failings in England ‘much worse than anticipated’, says review head
NHS in England ‘struggling to provide safe, reliable maternity and neonatal care’
Congo rebels thumb nose at Trump’s peace deal
Rwanda-allied M23 advances towards the eastern city of Uvira less than a week after accord signed at White House
EU opens probe into Google’s use of online content for AI models
Investigation is bloc’s latest challenge to US big tech companies
No, rising ADHD diagnoses are not causing surge in Neets
UK minimum wage, among the most generous in the rich world, is the only plausible explanation
Read the full transcript: FT interview with Kazuo Ueda
BoJ governor says economy has weathered Trump’s tariffs
Kazuo Ueda’s comments feed market expectations of an interest rate rise at next week’s meeting