Swap deal to buy back bonds issued in January comes as African borrowers struggle under expensive debt burdens
RBI holds rates and says economy has bottomed out
And today’s job report
From tariffs to AI demand, US companies are pondering what comes next
Three FT pieces this week explore the soaraway, world-beating success of American business. But can it last?
Focus on services may mean Britain does not face ire of incoming US president, business secretary tells FT summit
Governor highlights US president-elect’s threats and intensifying competition from Chinese exporters
Faced with weak demand at home and the threat of tariffs abroad, Beijing is under pressure to rethink its export-driven model
French jet-engine maker sets ‘exceptionally conservative’ forecasts
European Commission president attends South American bloc’s summit as final details of pact are worked out
With a slowing market fuelling a price war between local brands, the party for foreign carmakers looks over for now
Survey finds 54% of companies plan to raise prices in 2025 after national insurance increase
Also in this newsletter, French parliament removes prime minister and Trump discusses replacing defence secretary pick
To celebrate: an upgrade in the new year
And Trump’s cheap energy dream
Industry associations urge companies to switch, saying American semiconductors are ‘no longer safe or reliable’
As far as global environmental concerns go, the US has an irretrievably split personality
Donald Trump’s obsession with import taxes belies their limited effects
US central bank chief says his institution has ‘broad support’ on Capitol Hill
China hawk who served in president-elect’s first term was imprisoned for contempt of Congress over 2021 Capitol attack
Drugs seizure comes after US president-elect says he will impose levies if flow of narcotics is not halted
The biggest debt reduction scheme in history?
Andrew Bailey welcomes better than expected fall in price growth in FT interview
Also in this newsletter, France’s Michel Barnier faces no-confidence vote, and Bank of England governor hints at rate cut
Brussels considering a tax to slow surge of goods sold on sites that evade custom duties and checks
