Top headlines from across today’s paper
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FINANCIAL TIMES
Friday, 20 December 2024
 
 
 

Top Headlines from the UK Edition

 
 
 
Hedge funds cash in on Trump-fuelled crypto boom
 
Brevan Howard and Galaxy Digital’s crypto strategies made more than 30 per cent in November
 
 
Trump-backed deal to avert government shutdown fails in first House vote
 
Congress has until Friday to pass latest funding bill after president-elect helped kill initial version
 
 
Lord Peter Mandelson to be UK’s next ambassador to US
 
Former Labour minister is expected to try to avert a trade war with incoming Trump administration
 
 
Renewed inflation fears stalk central bankers as markets shudder
 
Policymakers say they will only cut rates slowly in 2025 as they struggle with ‘last mile’ of cooling price growth
 
 
FT Person of the Year: Donald Trump
 
After the most dramatic comeback in modern US history, the president-elect promises a new era of sweeping deregulation and a profound shift to the cultural right
 
 
 

Top Headlines from the International Editions

 
 
 
Luigi Mangione faces federal murder charge in UnitedHealthcare killing
 
Suspect in Brian Thompson’s slaying returns to New York where he now faces a second criminal case
 
 
US diplomats prepare to meet Syrian rebel leader in Damascus
 
Al-Jolani, who remains under western sanctions, will host state department’s top Middle East official
 
 
Big bets on AI point to venture capital industry’s shift
 
The strategy of focusing money on larger deals comes at time of extreme indigestion for start-up investors
 
 
What are the bumps in the road to a Honda-Nissan merger?
 
Deal terms, Renault’s position, differing cultures and a possible rival bidder could all upset plans for a combination
 
 
Draw your own chart game: how well do you know the jobs market?
 
Test your knowledge on trends from hybrid schedules to AI hiring
 
 
 

Markets

 
 
 
Rate drop, market drop
 
Did comments from the Fed unnerve traders?
 
 
US long-term bond yields rise to highest level in six months
 
Wall Street stocks steady after heaviest sell-off since August
 
 
FCA apologises for delay in shutting fraudulent peer-to-peer lender
 
UK financial watchdog offers compensation to investors in Collateral after admitting failings in its oversight
 
 
Syria’s largest refinery stops operating as Iran oil flow ceases
 
Ninety per cent of country’s crude came from Iran before fall of Bashar al-Assad, says refinery chief
 
 
London’s loss of stock market lustre is a question of liquidity
 
Many of the popular arguments for leaving the LSE are weaker than they sound
 
 
 

Companies

 
 
 
FedEx to spin off freight unit
 
Division could be worth more than $30bn, analysts say
 
 
Walmart pushes back climate change targets
 
World’s largest company by sales acknowledges progress is delayed and it expects to miss its 2030 goals
 
 
Why UK water regulator’s decision on bills is set to stoke turmoil
 
Ofwat has not given heavily indebted Thames Water the increase in customer payments it was seeking
 
 
South Africa’s Eskom faces ‘existential problem’ as local councils fail to pay their bills
 
Utility’s losses narrow but amount owed by country’s municipalities has surged 28% to record R95bn
 
 
What to watch, listen to and play this Christmas
 
The best films, TV, albums and games of 2024 to catch up with over the holidays
 
 
 

Opinion

 
 
 
Sudan’s unfolding humanitarian crisis
 
Outside powers hold the key to ending the deadly forgotten conflict