Bessent to meet He Lifeng in New York ahead of Trump-Xi summit
US Treasury secretary and Chinese vice-premier to hold talks as one-year expiry in trade war truce nears
Financial Times — page 2
141 articlesft.com ↗
Coverage, page 2
page 2 of 8
Trump says Kennedy Center renovation depends on whether his name is on it
President’s vow comes after a federal judge rejects effort to rename building
OpenAI weighs funding round at $1.2tn valuation before IPO
Sam Altman’s start-up could capitalise on demand for its technology after new model launches
US House panel votes to hold Leon Black in contempt over Epstein subpoena
Committee unanimously passes resolution, advancing the measure to the full chamber
Landmark US crypto bill fails as Senate splits over Trump ethics concerns
Defeat is a massive setback to an industry that has spent record sums lobbying for a favourable market structure
Nvidia CEO says battle over AI innovation and safety is ‘false choice’
Jensen Huang has distanced himself from OpenAI, Anthropic and SpaceX’s efforts to slow research
UK ‘actively’ exploring joining Canada-led global defence bank
The Defence, Security and Resilience Bank aims to provide low-cost financing for military initiatives
US says Chinese groups used Binance to launder $61mn from Iranian oil deals
US Justice Department files forfeiture lawsuit to seize $61mn in alleged proceeds processed through cryptocurrency platform
Iran war has left US with munitions ‘shortfall’, Pentagon watchdog says
Inspector general warns of ‘industrial base bottlenecks’ after military spent $22bn on ordnance in first four months of conflict
Sullivan & Cromwell hires team of Kirkland partners in private equity push
White-shoe law firm had largely avoided acting for buyout groups even as the industry’s boom propelled rival firms to rapid growth
Scott Bessent’s wobbly house
Politics seems to be messing with the US Treasury secretary’s head
Russian warship fires flares at Danish helicopter over Baltic Sea
Denmark says one of the flares passed the aircraft at close range, branding the action as ‘reckless’
The ex-JPMorgan banker facing Wall Street’s toughest turnaround job
Takis Georgakopoulos became chief executive of Fiserv just as it confronted big cultural and structural challenges
Global bonds follow US Treasuries lower
Japan 10-year yield surpasses 3% as investors continue to sell government debt after landmark rise in American borrowing costs
US manufacturers hit by fresh burst of supply chain cost inflation
Donald Trump’s war in Iran and tariffs push up input prices while AI boom squeezes availability of some components
Vladimir Putin moves summit over Ukrainian drone threat
Russian president has avoided Black Sea coast for nearly a year
AI is exciting audit firms — maybe too much
The technology being adopted rapidly by firms such as KPMG and EY still needs humans in the loop
Iran’s allies squeeze Saudi Arabia
Two-pronged assault by Houthi rebels and Iraqi militants has spawned what may be biggest test for Prince Mohammed since backlash against Jamal Khashoggi’s murder
Foreign investors prefer US stocks to Treasuries as debt worries grow
International flows into American equities exceed government debt for first time this century outside pandemic and aftermath of global financial crisis
How Poland lost $230mn trying to buy Venezuelan oil with crypto
An attempt to use digital currencies for a bold oil trade became one of Poland’s biggest scandals