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This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors and currency speculators have boosted bets on the pound as expectations grow that the Bank of England will be slower than other central banks to cut interest rates.  As markets brace for central banks’

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation edged lower to 3.1 per cent for November, bolstering arguments by Federal Reserve officials that interest rates should remain at current levels during the spring. The headline consumer price index figure fell marginally

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel and Hamas are bitter enemies. But they also agree on some things. Neither the government of Israel nor Hamas has any real interest in a “two-state solution” to the Israel-Palestine conflict. And neither side

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s state health insurance system has lost tens of millions of subscribers, as higher costs have put one of the world’s largest healthcare schemes out of reach for many people already struggling in a post-pandemic

Ukraine’s president Volodymyr Zelenskyy was blunt when he addressed G7 leaders this week. “Russia hopes only for one thing: that next year the free world’s consolidation will collapse. Russia believes that America and Europe will show weakness, and will not maintain support for Ukraine,” he said in a video call on Wednesday evening with his

US stocks posted their biggest daily gain since mid-November on Thursday, as shares in Alphabet and AMD leapt higher following fresh developments around artificial intelligence. The tech-heavy Nasdaq Composite closed up 1.4 per cent, with Google-parent Alphabet adding 5.3 per cent and semiconductor group AMD gaining 9.9 per cent. Alphabet had on Wednesday announced a

Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s exports rose slightly in November, breaking a six-month run of consecutive declines and giving a boost to policymakers looking to revive a flagging recovery in the world’s second-largest economy. Exports rose 0.5 per cent

Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. In the days when Armani-suited TV executives displayed their charismatic socks while lounging in directional chairs and making rulings about the tastes of the Great British Public, the old saw was that you could never axe

After one of the toughest years for China’s economy and its investors, the country’s central bank governor had a sobering message: there may be more pain to come. Speaking to bankers in Hong Kong last week, Pan Gongsheng warned that the country’s economy was embarking on a “long and difficult journey” away from its traditional

Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. How many international conflicts can one superpower handle at the same time? The Biden administration is currently trying to deal with wars in the Middle East and Europe, while preparing for a surge in tensions between

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus pandemic, highlighting the depth of the country’s economic downturn and the obstacles to a full recovery. A total of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UN climate talks on how to limit global warming have focused on renewable energy for too long, according to the chief executive of ExxonMobil, the biggest western oil supermajor. In an interview with the Financial

Israel is planning a campaign against Hamas that will stretch for a year or more, with the most intensive phase of the ground offensive continuing into early 2024, according to several people familiar with the preparations. The multi-phase strategy envisages Israeli forces, who are garrisoned inside north Gaza, making an imminent push deep into the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Henry Kissinger, the former US secretary of state and national security adviser who helped open up relations with China, usher in a detente with the Soviet Union and end America’s war in Vietnam, has died

Saudi Arabia’s sovereign wealth fund has taken a stake in London’s Heathrow airport as the Spanish infrastructure group Ferrovial offloads shares in the UK’s main travel hub that it has owned for 17 years. The stake has been purchased by Ardian, a European private equity group, and the Public Investment Fund, Ferrovial said late on

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel and Hamas are set for a fifth consecutive transfer of hostages and prisoners after the warring sides agreed to extend a pause in fighting for an additional 48 hours.  Under an extension of what

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has claimed it repelled a wave of Ukrainian drone and missile strikes on Sunday, a day after it launched the biggest drone attack on Kyiv since the start of President Vladimir Putin’s full-scale

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A slim boy with dark hair and spectacles dashed down an Israeli hospital corridor towards a man in a checked shirt, who scooped him into a bear hug. After 49 days in captivity, including his

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has become locked in a diplomatic dispute with Spain and Belgium after it accused the EU countries of supporting terrorism in response to their prime ministers’ criticism of its bombardment of Gaza. The Israeli