Category: Media Library

An around-the-world guide to second-hand shopping

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Fashion Unknown Archive, London, UK Unknown Archive sells past collections from cult Japanese designers Yohji Yamamoto, Comme des Garçons and Issey Miyake . . .   . . . along with clothes from the sibling labels those brands have created since they first appeared in the 1970s Address: 85 Brick Lane, London, E1 6QLWebsite Past collections by cult Japanese designers Yohji Yamamoto, Comme des Garçons and Issey Miyake, along with clothes from the myriad sibling labels those brands have created since they first appeared in the 1970s, attract devotees who won’t wear anything else. They see…

Iran war tests China’s oil stockpile

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The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is put to the test as the strait remains closed. Plus, scientists have identified a potential new type of planet. Mentioned in this podcast: Why Hormuz will haunt us long after this war ends Biggest Nato allies reject Trump’s Hormuz armada demand UniCredit launches €35bn Commerzbank takeover offer Iran war tests Xi Jinping’s plan to build China’s stockpiles Hellish new planet…

Trump seeks to delay China summit as Vance denies ‘wedge’ over Iran war

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Donald Trump revealed that he had asked China to delay his forthcoming visit to Beijing while the war with Iran was continuing, as he attempted to strike a united front on Monday with his vice-president JD Vance, who is believed to have been skeptical over attacking Tehran’s regime. Appearing together with Vance for the first time in two weeks, Trump said he did not think the conflict – which started on 28 February after the US and Israel opened hostilities – would be over this week but predicted victory would…

FirstFT: Donald Trump asks to postpone Beijing summit with Xi Jinping

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Good morning and welcome back to FirstFT Asia. In today’s newsletter: Trump asks to push back US-China summit Australia’s ‘millionaires’ factory’ Macquarie takes on retail banking Hong Kong’s last bamboo artisans We begin with US-China relations, after Donald Trump cast doubt on his long-awaited visit to Beijing. What to know: Two weeks before a critical summit with Xi Jinping in Beijing, Trump told reporters in the Oval Office yesterday that he wanted to delay the summit by a month as he grapples with the war in Iran. The US president…

Trump asks to postpone summit with China’s Xi due to Iran war

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Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has asked Beijing to postpone his upcoming meeting with Xi Jinping in China, casting doubt on the long-awaited summit between the US president and his Chinese counterpart. Trump told reporters in the Oval Office on Monday afternoon that he wanted to delay the summit by a month as he grapples with the war in Iran. He had been scheduled to leave for Beijing in just over…

US says two of its three Gulf-based minesweepers are in Malaysia

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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 Navy has said that two of its three Gulf-based warships with mine-clearing capabilities have travelled 4,000 miles to Malaysia for a “logistical stop”. The decision to move the ships comes as Iran’s ability to lay sea mines in the Strait of Hormuz has raised fears that Tehran could block the strategic waterway through which 20 per cent of the world’s oil exports pass. US President Donald…

Trump’s threats to Nato reveal glaring absence of any strategy on Iran

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If there was a moment when the absence of a US strategy on Iran was exposed, then this was it. Donald Trump demanded on Saturday that the UK, China, France, Japan and others participate in a naval escort for oil tankers through the strait of Hormuz. Despite launching the attack on Iran, with Israel, the White House does not seem to have fully anticipated what was likely to follow. Iran had few good military options for fighting back, but attacking US bases, US allies and merchant shipping in the Gulf…

Iran’s Hormuz blockade is its most powerful card against Trump and Israel. It won’t back down easily | Jack Watling

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The US and Israeli decision to attack Iran has sent economic shockwaves around the world. About 20% of global oil supplies have been effectively blocked from transiting the strait of Hormuz since Iran began attacking ships, resulting in a huge jump in oil prices. Militarily, while the United States has the firepower to significantly reduce Iran’s capacity to use the strait as leverage, it is unlikely to be able to eliminate the threat entirely. Reopening the strait, therefore, is not only a question of military capabilities but of diplomacy, and…

China ‘still communicating’ with US over Trump visit despite talk of delay

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China has said it is in communication with the US about Donald Trump’s planned visit to Beijing, despite hints from the US president that he might delay the trip if his prospective hosts do not help to unblock the strait of Hormuz. China’s foreign ministry spokesperson Lin Jian said: “Head-of-state diplomacy plays an irreplaceable strategic guiding role in China-US relations. The two sides are maintaining communication regarding President Trump’s visit to China.” Trump had suggested the highly anticipated trip to Beijing this month could be suspended if China did not…