Category: FT

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The heir to one of Bangladesh’s main political dynasties is set to take power after the country’s first general election since a student-led revolution toppled longtime leader Sheikh Hasina in 2024. Several local broadcasters reported early on Friday that Tarique Rahman’s Bangladesh Nationalist Party had crossed the threshold for a majority in Bangladesh’s 300-seat parliament, citing unofficial vote returns. The election commission is due to unveil official results later in…

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This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. It’s a veritable political circus in New Delhi these days with questions about the trade deal, a cabinet minister’s communications with Jeffrey Epstein and a book by a former army chief jostling for headlines. I am not complaining. In today’s newsletter, the government further tightens regulations about AI-generated content. But first, an important election in Bangladesh. Results in…

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 and Taiwan have agreed to reduce tariffs on a range of food imports and other products as they officially signed a trade agreement on Thursday. Donald Trump last week announced that the US would slash tariffs on Taiwan to 15 per cent in exchange for a $250bn investment in the US chip industry, as Washington moves to secure semiconductor supply chains and boost investment in American…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The CIA has stepped up public efforts to recruit Chinese spies by releasing a Chinese-language video to appeal to People’s Liberation Army officers who are disillusioned with corruption and extensive purges of top generals. The US intelligence agency on Thursday released a video titled “Save the Future” on YouTube and other social media, nine months after it published Chinese-language videos to help recruitment for the first time. “Last…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. SoftBank generated a net profit of ¥248.6bn ($1.6bn) in its fiscal third quarter, driven by a $4.2bn gain from founder Masayoshi Son’s large and growing investment in OpenAI. The figure for the three-month period to the end of December compares with a loss of ¥369bn in the same quarter the previous year, the company said on Thursday. It missed analysts’ expectations of a ¥398bn profit, according to LSEG data. SoftBank’s…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. SoftBank generated a net profit of ¥248.6bn ($1.6bn) in its fiscal third quarter, driven by a $4.2bn gain from founder Masayoshi Son’s large and growing investment in OpenAI. The figure for the three-month period to December compares with a loss of ¥369bn in the same quarter last year, the company said on Thursday. It missed analyst expectations of ¥398bn profit, according to LSEG data. SoftBank’s earnings were driven by uneven…

At a one-hour press conference revealing the appointment of Kenta Kon as Toyota’s chief executive last week, not one word was said about an existential threat to Japan’s auto industry: electric vehicles. The replacement of car-loving engineer Koji Sato with the chief financial officer has focused attention on how the world’s largest car manufacturer plans to deal with the rise of EVs in an increasingly turbulent global environment. Kon, a former secretary of Toyota chair Akio Toyoda who is viewed as a temporary steward, vowed to eliminate “any wasteful penny”…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The turnaround of Australian bank ANZ under former HSBC executive Nuno Matos has shown early signs of promise after strong first-quarter results sent shares soaring to a record high. ANZ on Thursday reported net profit in the quarter to the end of December rose to A$1.9bn ($1.4bn). It said the figure was 17 per cent higher than the average over the second half, when excluding charges it booked last year…