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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU is planning to tighten its foreign investment rules to ensure that Chinese companies do not gain advantage from the bloc’s open market without generating benefits for local workers and sharing technology. The revised rules, which are still under discussion, are part of a series of proposals that the European Commission will make next month to bolster Europe’s ailing industrial base and flagging economic growth. The influx of cheap…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indonesia’s ride-hailing company GoTo is replacing its chief executive, paving the way for a potential merger with its rival Grab that would create a south-east Asian tech super app. Patrick Walujo will step down after more than two years in the position, the company said on Monday. GoTo had previously said Walujo, who took the reins in June 2023, would stay in the role until 2029. Walujo was perceived by…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US Export-Import Bank will invest $100bn to achieve President Trump’s plan for global energy dominance, with a first tranche of deals involving projects in Egypt, Pakistan and Europe, its new chair has said. John Jovanovic, who was appointed in September, told the Financial Times that the government agency would finance efforts to secure US and allied supply chains for critical minerals, nuclear energy and liquefied natural gas…

At Donald Trump’s election night party at Mar-a-Lago last year, rubbing shoulders with Elon Musk, Robert F Kennedy Jr and other supporters of the presidential candidate was an Indonesian businessman: Hary Tanoesoedibjo. Though less internationally recognised than others in the room, Hary is an important business partner for the presidential family, with a central role in developing two of the Trump Organization’s biggest real estate projects in Asia. It is a role that has come under a renewed spotlight since Hary was mentioned in an inadvertently broadcast conversation between the…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s Supreme Court has called on New Delhi to clarify how it measures air quality in one of the world’s most polluted cities, as critics claim authorities spray water near monitoring stations and cap measurements to influence the readings. From late October New Delhi is blanketed in a toxic haze for several months, with fireworks from Diwali, the festival of lights, mixing with smoke from farm fires, fumes from cars,…

Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. Global banks are buying up stakes in Indian lenders as the country’s government and regulators become increasingly relaxed about foreign entities acquiring significant holdings. Since the start of the year, India’s financial sector has had $8bn worth of deals from foreign companies, up from $2.3bn last year and $1.4bn in 2023, according to Dealogic data. The transactions reflected growing investor confidence in India’s economy and had “opened up…

Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. A US bankruptcy court has ordered the founder of Byju’s to pay more than $1bn in the latest stage of a bitter legal battle between what was once India’s biggest start-up and its creditors. The default ruling against Byju Raveendran, a former corporate star who set up the eponymous Indian edtech and tutoring company, comes after its lenders launched a years-long and sprawling lawsuit to locate almost half…

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