US and Russia hail detente as path to rapid ending of Ukraine conflict The Financial Times says the negotiations between Russia and the US regarding an end to the Ukraine conflict is an “extraordinary turn of events in a matter of days.” The paper says  the sight of Russian and US flags flying next to each other was “almost unthinkable even a few weeks ago.” Ukraine and the EU states are fearing that US President Donald Trump will

Job losses will restrain price pressures, says BoE rate-setter The FT says companies will struggle to raise prices this year as consumers are hit by job losses and spending softens, according to a Bank of England rate-setter who argues the central bank should have cut interest rates more aggressively last week.

The Financial Times says the Bank of England has halved its growth forecast, with a cut to rates powering the FTSE 100. The bank is expecting the economy to grow by just 0.75% this year in what the paper describes as a blow to Chancellor Rachel Reeves.

Trump’s takeover proposal for Gaza condemned by US allies across the world The FT says Donald Trump has outdone himself. After a tumultuous return to the White House, the mercurial US president has unveiled arguably his most reckless plan to date. Having threatened to seize Greenland and the Panama Canal, Trump now has Gaza, the war-shattered Palestinian territory, in his sights. His proposal to move Gaza’s 2.2mn population elsewhere, with the US taking over the

As anticipated, the Financial Times highlights the aftermath of President Donald Trump’s decision to halt sweeping tariffs on Mexico just hours before they were set to take effect. The move left markets in turmoil, with investors and businesses scrambling to make sense of the flurry of policy announcements coming from the White House. The paper describes the situation as a “whipsaw” effect, underscoring the uncertainty gripping global markets.