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Switzerland has proposed sweeping measures to clamp down on money laundering in an effort to shed the country’s reputation as a haven for ill-gotten gains. Finance minister Karin Keller-Sutter unveiled reforms on Wednesday to increase transparency and close legal loopholes by requiring the ultimate “beneficial owners” of trusts and companies to be declared. At present

Dozens of New York’s top business leaders have urged Washington to do more to tackle the pressures caused by the arrival of tens of thousands of asylum seekers in US cities. In an open letter to President Joe Biden and Congressional leaders of both parties, executives including Jamie Dimon of JPMorgan Chase and Jane Fraser

Donald Trump has surrendered to authorities in Atlanta, Georgia, where he faces 13 criminal charges over alleged attempts to subvert the results of the 2020 presidential election. The 77-year-old, who is the clear frontrunner in the race to again become the Republican candidate for the White House, was booked in Fulton County and photographed, before

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well

My earliest memory of watching a football match was the FA Cup Charity Shield final in August 2001, where Liverpool beat Manchester United 2-1. My father and older brother supported Manchester United, so — a free agent at that point — I chose to root for Liverpool — and I’ve been a very lazy Reds

European equities and Wall Street futures rose on Thursday, as blowout revenues from chipmaker Nvidia fuelled investor enthusiasm for artificial intelligence stocks.  Europe’s region-wide Stoxx Europe 600 pared some early morning gains but traded 0.3 per cent higher, while France’s Cac 40 added 0.4 per cent and Germany’s Dax gained 0.3 per cent.  The Stoxx

Russia is offering to swap western investors’ stranded assets in the country for some Russian assets frozen by the west following President Vladimir Putin’s invasion of Ukraine. Under the proposal, Moscow would give interested western investors the opportunity to buy the assets of Russian companies that have been immobilised in Europe by using their own

When I published a bullish book about Asia in 2016, I felt I had good answers to all the sceptical questions except one. What about China’s demography? The cliché was that China will “grow old before it grows rich”. Like many clichés, it turns out to have some truth to it.  For all the talk in

China is expected to make the biggest cuts this year to two of its core lending rates, as pressure mounts on policymakers and banks to reverse a trend of slowing momentum and revive flagging demand in the world’s second-biggest economy. The People’s Bank of China is set to announce reductions to both one-year and five-year

Some of the UK’s biggest companies are seeking to separate a prominent boardroom diversity campaign from the CBI after they cut ties with the crisis-hit business lobby group.  FTSE 100 groups Aviva, Schroders and Sage as well as Big Four consultancies Deloitte and EY are among the companies that have been involved in the talks,

China’s securities regulator has announced a package of market-friendly reforms to try to boost investment and trading after months of underwhelming economic growth that has hit stocks and bonds. The measures, which the China Securities Regulatory Commission said were designed to “boost capital market investor confidence”, indicate Beijing’s concern over the country’s economic and financial

European stocks rose in morning trade on Wednesday, rebounding after hitting five-week lows in the previous session, as investors shrugged off further evidence of weakness in the Chinese economy. Europe’s region-wide Stoxx Europe 600 rose 0.2 per cent, led by consumer cyclical stocks. France’s Cac 40 was up 0.4 per cent and Germany’s Dax added

As 2022 drew to a close, Binance co-founder and chief executive Changpeng Zhao appeared to have the world at his feet. Sam Bankman-Fried, co-founder of Binance’s biggest rival FTX, went to Zhao in November last year hoping the Binance chief would bail out his own exchange. Zhao declined, sealing FTX’s fate. On November 10, one

“France cannot be France without greatness,” wrote Charles de Gaulle in the opening of his memoirs. His nation, he insisted, must always be in “the first rank”. Vladimir Putin feels the same way about Russia. Back when I was still able to visit that country, Fyodor Lukyanov — a foreign policy thinker close to Putin

Sam Bankman-Fried has been taken into custody after a federal judge found that the FTX founder probably attempted to tamper with witnesses on two occasions while awaiting trial on fraud charges stemming from the collapse of the cryptocurrency exchange. In a brief written order following a hearing in Manhattan federal court on Friday, Judge Lewis

From September, Russian high school students in the 11th grade — aged roughly 17 — will use a new textbook for studying modern history. Because the book covers events up to the present day, they will learn that “Ukraine is an ultranationalist state. Today, any dissent in Ukraine is severely persecuted, opposition is banned, everything

US inflation in July is expected to have risen at roughly the same pace as in June, suggesting that price pressures in the world’s biggest economy are continuing to ease and strengthening the case for the Federal Reserve to hold interest rates steady at its next meeting in September.  The consumer price index (CPI) is

Italy said late on Tuesday it would limit the impact of its planned windfall tax on banks to ensure financial stability, in an apparent partial backtrack after the surprise levy plan caused bank shares to drop sharply. The finance ministry said in a statement that the tax on net interest income would be capped at

China’s trade slumped in July, with exports and imports falling more sharply than economists forecast, adding to concerns about growth prospects in the world’s second-biggest economy more than six months after Beijing eased pandemic restrictions. Exports declined by 14.5 per cent year on year in dollar terms, official data showed on Tuesday, the steepest fall

UK house prices edged down in July to an average of £285,044, marking a fourth consecutive monthly decline, but with the market showing increased activity, according to data from Halifax. The average house price fell 0.3 per cent last month, broadly in line with a 0.2 per cent drop reported last week by rival lender