Financial Times

The price of Russia's war is rising

Russia's drug-fueled war economy is straining the budget, and cuts are being announced elsewhere, the Financial Times reports.

The "Peace Council" account at the World Bank is still empty, zero dollars

Zero dollars. That is the balance of the World Bank fund linked to Donald Trump's "peace council", which is intended to finance reconstruction in the Gaza Strip, the Financial Times reports.

Xi tells Trump Putin may regret invasion of Ukraine

Vladimir Putin may regret his invasion of Ukraine, Chinese President Xi Jinping told US President Donald Trump during Trump's visit to Beijing, sources told the Financial Times.

EU can force companies to buy less from China

Analysts: Interest rate hikes could end in a stock market crash

Analysts are warning of a stock market crash if the global wave of rapidly rising market interest rates does not subside. Higher market rates are also putting upward pressure on fixed-rate mortgages.

New truck routes in the war-torn Middle East as global shipping companies reroute containers

Global shipping companies are investing heavily in new truck corridors in the Middle East to deal with container disruptions caused by the war involving Iran and the closure of the Strait of Hormuz.

NATO chief Mark Rutte wants increased weapons production in Europe

NATO chief Mark Rutte will demand more investment and increased production when he meets representatives of Saab and other leading European defense groups in Brussels next week.

Proposal: South Koreans should get a share of AI profits

Spy leak raises questions: Should Putin be afraid of assassination or a coup?

Vladimir Putin's fear of being assassinated by a drone or overthrown by coup plotters is growing, at least according to leaked intelligence. Analysts see cracks and some grains of truth to it. They also wonder why it is being leaked now.

US sanctions three Chinese companies over support for Iran ahead of Trump-Xi summit

The United States has imposed sanctions on three Chinese companies, accusing them of supporting Iran, the Financial Times reported. The announcement comes just days before a summit between President Donald Trump and his counterpart, Xi Jinping.

EU: Right to compensation for cancelled flights as increased fuel prices not force majeure

Increased fuel prices do not constitute force majeure, the European Commission has ruled. If a flight is cancelled, passengers are entitled to compensation.

Two million airline seats lost after the oil shock

The consequences of the Iran conflict for the aviation industry are now becoming increasingly clear. In May, global traffic will decrease by two million airline seats. For Sweden, however, the impact remains limited, according to Swedavia.

Warning: The Iran war will make cars more expensive as aluminum prices rise

The Iran war risks hitting American vehicle manufacturers hard - and ultimately consumers.

Rubio says US does not want to replace Iran with Italy in World Cup

US Secretary of State Marco Rubio is hitting back at reports that the country wants to give Iran's place in the World Cup to Italy, after US special envoy Paolo Zampolli expressed that desire.

Proposal to replace Iran with Italy called morally bankrupt by Iran's embassy

Italy missed the World Cup for the third time in a row. Now U.S. special envoy Paolo Zampolli wants Italy to take Iran's place in the World Cup.

Must warns Russia risks economic shock

The Russian economy is faltering - and the economic problems have spread to the defense sector, Must's CEO Thomas Nilsson tells the Financial Times.

Warning: Soon there will be a shortage of aviation fuel in Europe

European airports risk running short of jet fuel if the Strait of Hormuz is not opened within three weeks.

Anger after World Cup fiasco - Italy football federation president resigns

Italy missed the World Cup for the third time in a row. Now the president of the Football Federation, Gabriele Gravina, is resigning after the fiasco - and national team captain Gennaro Gattuso is rumored to be leaving.

Trump threatened to cut off arms aid to Ukraine unless European countries contributed military support to open the Strait of Hormuz

US President Donald Trump threatened to cut off arms aid to Ukraine unless European countries contributed military support to open the Strait of Hormuz in the war with Iran. EU and NATO countries responded with a hastily issued statement to provide "appropriate support."

Sources: Pete Hegseth chased defense stocks before the war

U.S. Secretary of War Pete Hegseth attempted to make a large investment in defense stocks in the weeks before the attack on Iran on February 28, the Financial Times reports, citing three sources.

Trump says progress in talks with new and more reasonable Iranian regime

The United States is in serious discussions with “a new and more reasonable regime” to end the military operation in Iran, President Donald Trump wrote on social media. If a deal is not reached soon, the United States will “blow up and totally obliterate” all of Iran’s energy facilities, he threatened.

Iran conditions traffic through the Strait of Hormuz, says ready to allow non-hostile ships

In a letter to the UN maritime agency, the IMO, Iran says it is ready to allow "non-hostile" ships through the Strait of Hormuz, the Financial Times reports. Oil prices are falling on Tuesday evening.

US to EU: No gas without green light for trade deal

The U.S. ambassador to the EU warns that gas deliveries could become more expensive if the EU does not agree to the trade deal reached last summer.

Iran War Creates Wild West at Sea

Iran's blockade of the Strait of Hormuz is far from watertight. But it has proven effective enough in recent weeks to create chaos. A fifth of the world's oil and gas transport has come to a halt. Fuel and insurance prices are skyrocketing. Shipping companies are imposing extra fees and dumping containers in distant ports.