‘Blowout’ US retail sales shake bond and currency markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A “blowout” March retail sales report sparked a sell-off in US government debt and shook global currency markets on Monday, in the latest sign that the world’s largest economy may …

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Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF

The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more. SOURCE

A dangerous turning point in the Middle East

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran’s missile and drone assault on Israel marks a dangerous turning point in the hostilities triggered by Hamas’s October 7 attack and Israel’s retaliatory offensive in Gaza. It has thrust …

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The Arab balancing act as Iran and Israel raise the stakes

Jordan was thrust into the spotlight in the early hours of Sunday as an inadvertent — and to some, unwanted — Israeli ally, after its jets shot down dozens of the Iranian missiles and drones fired at Israel that crossed into its air space. The kingdom has been a fierce …

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Used car sales March 2024: Market up, EVs see big gains

The Ford Ranger and Toyota HiLux were once again Australia’s best-selling used cars in March, but electric vehicles and plug-in hybrids (EVs and PHEVs) saw significant gains. “There were 184,054 used cars sold in March which is a very impressive result considering the number of trading days lost through weekends …

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China’s electric Hummer is taking on the world

The Dongfeng MHero 1, China’s answer to the GMC Hummer EV, has touched down in Switzerland ahead of a wider European release. First revealed two years ago, the angular looking electric SUV is now on sale in Switzerland for the equivalent of A$250,000, with deliveries to start in Germany over …

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US and Europe seek to dissuade Israel from striking back against Iran

The US and its European allies stepped up efforts to dissuade Israel from striking back against Iran on Monday, as Israel’s military chief vowed to respond to Tehran’s unprecedented attack on the country’s territory. US secretary of state Antony Blinken and UK Prime Minister Rishi Sunak both said western countries …

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Oil prices drop as traders assess risks of wider war in Middle East

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil prices weakened and US stocks dropped sharply on Monday following Iran’s military strike on Israel, as markets assessed the risk of the conflict escalating into a full-blown war that …

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Trump Media’s first auditor quit months after being appointed

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s social media company scrambled to find a new auditor after its first pick resigned after just a few months on the job, according to people familiar with the …

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