BUSINESS
China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for credit
BUSINESS
Donald Trump’s ‘Maganomics’ will damage growth, economists tell FT polls
On both sides of Atlantic, most surveyed claim protectionist shift will overshadow benefits of other policies
BUSINESS
China steps up drive to break Boeing, Airbus grip on plane market
State-owned Comac opens offices abroad and pushes for overseas certification as it increases output of C919 jets
BUSINESS
Pressure is ratcheting up on US banks over debanking
There is a good chance the Trump administration will take action over the issue after complaints from the right
TECHNOLOGY
Four AI predictions for 2025
While the momentum behind the development of large models might fade, there will be other advances
BUSINESS
India roars ahead of China to top Asian IPO rankings
Fast-growing Indian market behind only the US in money raised by company listings
BUSINESS
Why the mysteries of corporate longevity matter to investors
It is unclear why some companies have staying power
BUSINESS
US Federal Reserve’s flip-flops risk undermining US exceptionalism
The central bank’s highly reactive policy approach of recent years amplifies financial volatility
BUSINESS
Investors only have themselves to blame as Jay Powell steals Christmas
The Fed chair’s apparent cooling on further interest rate cuts has gone down badly with markets
BUSINESS
Trump and the Fed: battle lines
Have the Fed members made a mistake, thinking they know what Trump’s policies will be, and how they will impact the rate trajectory?
BUSINESS
Corporate Japan is steeling itself for hostile interest
The volume of shareholder activism and dealmaking by private equity has mushroomed
BUSINESS
Climate politics could be about to go into reverse
It’s not just Trump — elections around the world may produce a new crop of net zero critics in 2025
BUSINESS
China would baulk at a sweeping Mar-a-Lago accord
Given the need for a weak renminbi to support export growth, a reprise of the 1985 Plaza Accord with Japan is unlikely
BUSINESS
It’s time for a shift in approach to carbon credits
After a slump in the market, more rigour and a change in incentives is needed
BUSINESS
Not too hot is a weak justification for a cut
The areas of the economy that are most sensitive to rates — housing and manufacturing — remain wobbly but are getting no worse
BUSINESS
Investors need to keep an eye on Ukraine
Now is the time for money managers to at least think about how they would respond if peace broke out
BUSINESS
Wall Street’s complex debt bonanza hits fastest pace since 2007
Banks sell bonds backed by revenues from chicken wings, music catalogues and oil wells
BUSINESS
Europeans need to learn some lessons about power — and fast
The world has changed, but the EU’s worldview hasn’t changed with it
BUSINESS
Investors pour $140bn into US stock funds after Trump election victory
Bets incoming administration will enact ‘pro growth’ agenda spur rush into Wall Street equities
BUSINESS
Peak US-phoria? Not yet
And Trump’s cheap energy dream
BUSINESS
A turning point for the dollar is coming
The short- and long-term prospects of the currency are at odds
BUSINESS
Why America’s economy is soaring ahead of its rivals
The country’s outperformance is rooted in long-term productivity growth that is the envy of the developed world. Could Trump’s policies endanger its lead?
BUSINESS
The mother of all bubbles
The US has never been so overhyped, relative to the rest of the world
BUSINESS
Nvidia and the AI boom face a scaling problem
The idea that putting more data into a bigger model will deliver smarter systems is starting to break down
