BUSINESS
Why China is doubling down on its export-led growth model
The country plans to reinforce its dominance of global manufacturing, despite persistent deflation at home and rising tensions abroad
BUSINESS
Forecasting the world in 2026
FT writers’ predictions for the new year, from the likelihood of higher Trump tariffs to the future of interest rates and the arrival of humanoid helpers
WORLD
Year in a word: ‘Peace’
Despite ceaseless Trumpian talk of ending the world’s wars, it’s not quite that easy
BUSINESS
Delivery start-ups finally get the K-shaped economy they need
Now could be the ideal environment for a service pandering to wealthy urbanites and in need of gig workers
BUSINESS
The AI boom is not a bubble
Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality
BUSINESS
AI upheaval shows little sign of lessening
If the boom continues its blistering pace through 2026, the stresses could start to show
BUSINESS
Tech groups shift $120 billion of AI data centre debt off balance sheets
Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust
ARTIFICIAL-INTELLIGENCE
America’s risky bet on hydrocarbons might hurt it in the AI race
US strategy could be costly in terms of higher electricity prices, increased water stress and potential food insecurity
BUSINESS
Apollo cuts risk, stockpiles cash in preparation for market turmoil
Marc Rowan tells investors firm is positioning itself for when ‘something bad happens’
BUSINESS
Prediction markets and the casino mentality of 2025
Financial gamification has upended traditional patterns of trust and oversight
BUSINESS
From colonising Mars to measuring with Mars Bars — addressing your wilder monetary queries
In the latest of his Christmas columns, the FT’s Undercover Economist fields some of your most outlandish proposals, and concludes that there is no such thing as a stupid question
BUSINESS
Two views of AI and Big Tech
How much has changed?
BUSINESS
The worried investor’s guide to 2026
While markets were buoyant this year, volatility is never far away
BUSINESS
Mexico’s tariffs on China show the rise of Trump’s trade template
Such measures wouldn’t be necessary if Beijing ran anything like a normal, balanced economy
BUSINESS
Why the ‘stablecoin supercycle’ could rewire banking
Some technologists believe more than 100,000 such payment systems could swamp the world within five years
TECHNOLOGY
The four ‘O’s that shape a bubble
And what this test tells us about the artificial intelligence wave
BUSINESS
FT Person of the Year: Jensen Huang
The Nvidia chief executive has been the driving force behind the massive AI boom which has the capacity to reshape the global economy
BUSINESS
How China racked up a $1tn trade surplus
Beijing shakes off damage caused by US President Donald Trump’s trade war
TECHNOLOGY
Howard Marks: Is it a bubble?
Given that the growth of demand for AI is so unpredictable, there can be no doubt investor behaviour is speculative
BUSINESS
Investors bet Fed, ECB headed in opposite directions on rates
Higher borrowing costs expected in Australia, Canada and euro area could leave Federal Reserve as an outlier in 2026
BUSINESS
Donald Trump drives historic shift of power from investors to boardrooms
Moves to curb proxy advisers and passive investment giants chip away at foundations of shareholder capitalism
BUSINESS
There’s a black hole where central banks’ theory of inflation should be
Old assumptions about expectations and targets can no longer be relied upon
BUSINESS
How executive pay went galactic
Elon Musk’s $1tn incentive plan supercharges a long history of rewards driving up executive pay
BUSINESS
Ruchir Sharma: The best time to buy quality stocks is now
A generational opportunity in otherwise bubbly markets
