Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s president has nominated Shin Hyun-song as the nation’s next central bank governor, turning to an experienced economist best known for his early warnings about excessive leverage ahead of the 2008 crisis. Shin, 66, is one of South Korea’s most internationally recognised economists after spending the past 12 years as the top economic adviser at the Bank for International Settlements, which acts as a forum for the world’s central…
Category: FT
Pakistan and Afghanistan tensions reach breaking point
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world In the nearly five years since the Taliban retook power in Afghanistan the world has paid scant attention to developments in the region, still less managed to influence them. In that time the hardline Islamic movement has reimposed grim restrictions on women in public life and education. It has also fallen out badly with its old sponsor, neighbouring Pakistan. With the two states now close to all-out war…
China touts itself as ‘harbour of stability’ to global CEOs
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China sought to woo global chief executives including Apple’s Tim Cook, UBS’s Sergio Ermotti and HSBC’s Georges Elhedery in Beijing on Sunday, touting the country’s safety and reliability in stark contrast to a US bogged down in war with Iran. Premier Li Qiang told more than 70 chief executives gathered in the Diaoyutai State Guesthouse for the government’s annual Davos-style forum that the world’s second-largest economy offered an unmatched supply…
Chinese IPOs in US falter amid scrutiny of manipulation schemes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese company listings on US stock exchanges have ground to a halt after a two-year boom as regulators in both countries step up scrutiny because of concerns over stock manipulation. Just two Chinese companies have listed in New York since the start of January, compared with 19 in the same period last year, according to an FT analysis of public records. A record 126 Chinese initial public offerings occurred across…
Japanese investment in Indian finance hits record as business ties tighten
Record Japanese investment in India’s financial sector is highlighting the tightening business links between the world’s fourth and fifth-largest economies. Japan’s largest bank, Mitsubishi UFJ Financial Group, closed a $4.4bn deal to acquire part of an Indian shadow bank at the end of last year, the largest ever foreign investment in India’s financial sector. MUFG’s purchase of a fifth of Shriram Finance’s shares was part of a record $8.8bn spent by Japanese companies on stakes in Indian businesses in 2025, according to Dealogic data. Closer business and investment links between…
Britain must be more vigilant to the risk of sabotage by hostile states
Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. In my pantheon of heroes is American YouTuber Kitboga, who combats scammers with humour and guile. His army of granny bots embroil people who want their bank details in lengthy chats about knitting, while extracting information to trip them up. For all the wonders of our interconnected world, its vulnerabilities are stark. If people are still falling for the so-called “Nigerian prince” scam, how on earth will we ward off…
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Architect Shin Chang’s guide to Kuala Lumpur
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I was born in Kuala Lumpur. My late father ran a kopitiam (a traditional coffee shop) downtown, so I spent a lot of my early childhood there. Back then, in the 1980s, you could still run around in the neighbourhood. We used to play by the shophouses in nearby Jalan Pekeliling before they were demolished for redevelopment. They were some of the first pre-cast concrete structures built for mass housing and a landmark for anyone…
Japan’s bullet trains shift to cargo as seats go unfilled
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s bullet train operators are launching high-speed cargo services in a sign of how labour shortages and dwindling passenger numbers are reshaping the economy. JR East, which runs three high-speed train lines north of Tokyo, will start the country’s first cargo-only bullet train service on Monday, running weekly to the capital from Morioka, 500km away. JR Central, which operates 372 high-speed trains daily between Tokyo and Osaka, has also partnered…
Taiwan concerned by depletion of US missile stocks during Iran war
Taiwan is concerned that the Iran war is depleting stocks of long-range cruise missiles that would be vital for the US to help defeat any Chinese invasion, making the country more vulnerable. The US is estimated to have fired hundreds of so-called Joint Air-to-Surface Standoff Missiles (JASSMs) during weeks of conflict in the Middle East, as well as ship-launched Tomahawk missiles. Defence experts said both would be crucial in any conflict over Taiwan because they can be fired from outside the range of an enemy’s air defences, diminishing the risk…