Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaKharg Island: Iran’s oil lifeline that Trump has left untouchedTrump’s Venezuela strategy has failed in IranWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsG7 discuss joint release of emergency oil reservesUSUS HomeUS EconomyUS CompaniesUS Politics & PolicyKharg Island: Iran’s oil lifeline that Trump has left untouchedTrump’s Venezuela strategy has failed in IranWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsIran war will leave a complex geoeconomic legacyCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesEx-EY executive launches private equity-backed tax firm to challenge Big FourPimco sticks with bet on gilts despite market slumpTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaSheryl Sandberg and Nick Clegg join Nvidia-backed AI start-up NscaleAnthropic sues the Pentagon over being declared a ‘supply chain risk’KKR eyes multibillion-dollar sale of data centre cooling companyMicrosoft adds Anthropic AI models to its Copilot workplace toolsIs South Korea’s dominant online retailer an American company?MarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesIran war will leave a complex geoeconomic legacyPimco sticks with bet on gilts despite market slumpClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersTrump’s Venezuela strategy has failed in IranIran war will leave a complex geoeconomic legacyAmerica chose this war — and must now choose how to end itStagflationary forces are buildingWhy it’s time to end the grim march of the touchscreenLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItWhy it’s time to end the grim march of the touchscreenYou can turn this to your advantage if every news story has ‘tax exile’ in itBusiness school professors’ picksLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterHow to wear a tie: HTSI’s definitive guideWine storage is emerging from the cellarThe new food fad sweeping KoreaFlip it and reverse it: the enduring fun of Jaeger-LeCoultre’s Reverso ‘Match of the century’ referee Lothar Schmid’s chess library up for auctionHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign In@clara__murray on X.com (link opens in a new browser window)UtilitiesPower prices in Europe swing wildly as Iran war stokes volatilityPrices rise almost 20-fold in a few hours as solar gives way to natural gas made scarce by war in Middle EastWomen in BusinessAfter years of pay gap reporting, what do we know?An EU directive requiring new data highlights mixed outcomesMiddle East warIn charts: How serious is the Middle East gas price shock?Qatar LNG shutdown threatens bigger supply hit than the Ukraine warFuture of workCan AI liberate us from the tyranny of email?New tools automating inbox management could ease a loathed productivity burden. But do they work?US banksJPMorgan plans branch opening spree as peers bet on in-person bankingPush by US lenders to open new physical locations reflects competition for customers’ depositsMiningWhy Rio Tinto walked away from GlencoreMerger talks to create the world’s biggest miner collapsed despite a scramble for copperNational Health ServiceNumber of late-night pharmacies in England plummetsDecline comes after cash-strapped chemists reduced opening hours to cut costsUS immigrationCompanies reap $22bn from Trump’s immigration crackdownPalantir and Deloitte among beneficiaries of spending by government agenciesAccountancyPay for mid-tier accounting partners soars to record level against Big FourRise of UK challengers is increasing pressure on top firms to retain senior professionalsGlobal tradeThe Big Read. The reality of trying to make US manufacturing great againThe fortunes of furniture makers in North Carolina and Foshan in China show the impact of Trump’s tariff regimeArtificial intelligenceRich countries’ greater use of AI risks deepening inequality, Anthropic warnsResearch by start-up suggests productivity gains from the technology unevenly spread around worldCopperIn charts: why Rio Tinto and Glencore are in talks about a megamergerThe proposed $260bn tie-up would create the world’s biggest copper producer at a time of soaring demand for the metalAerospace & DefenceTrump’s assault on US defence industry puts investors on edgePresident demands curbs to shareholder returns and pay but also holds out prospect of military spending bonanzaUK housebuildingCouncils rely on ‘sticking plaster’ extensions to meet planning targetsLocal authorities in England increasingly push back deadlines on decisions as system becomes more complexDronesNumber of festive drone shows in UK hits record levelsDisplays have surged in popularity but high costs, reliability issues and strict rules threaten to restrict growthAerospace & DefenceEurope’s largest defence groups set to return $5bn to shareholders in 2025Sector increases investment and rewards investors after surge in global military spending following Ukraine warRetail & Consumer industryWhere does all the Christmas cardboard go?Typical UK household receives delivery boxes the height of a skyscraper each yearHydrogen powerHydrogen dreams meet reality as oil and gas groups abandon projectsBP and Exxon are some of the big companies that have halted plans for low-carbon plants in recent monthsArtificial intelligenceThe new hot job in AI: forward-deployed engineersOpenAI, Anthropic and Cohere have stepped up hiring for specialists to help businesses adopt their AI modelsKeir Starmer‘We need some vision’: Starmer’s search for clearer wordsFT analysis suggests British prime minister often delivers a word soup of political jargonArtificial intelligenceAmerica’s top companies keep talking about AI — but can’t explain the upsidesFT analysis of hundreds of filings suggests the S&P 500 businesses are clearer about the risks than benefitsFood & BeverageGoing green: matcha mania takes hold in UK cafésTrend for Japanese tea-based beverages driven by health benefits and what looks good on social mediaGermanyExplainer. 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