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Chen Jian, a 35-year-old in the city of Wuhan, is one of many victims of China’s property crisis. He bought an apartment in 2020, but the developer behind it collapsed, leaving him and his family unable to move into an unfinished home. Across China, an industry that contributes more than a quarter of economic growth

This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Good morning. The UK government’s £63mn-a-year deal with France to prevent attempts to cross the Channel in small boats is “throwing good money after bad”, said Tim Loughton, a senior

Warren Buffett’s Berkshire Hathaway purchased a $4.1bn stake in chipmaker Taiwan Semiconductor Manufacturing in the third quarter, vaulting a third tech company into the sprawling industrial conglomerate’s top stock holdings. The purchase of 60mn US-listed shares of TSMC, disclosed with US securities regulators on Monday, marked Berkshire’s largest new stock investment during the three months

This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Good morning. The bad news is that we will all be paying higher taxes for worse public services. The good news is I had a lovely weekend away in Shropshire.

Your browser does not support playing this file but you can still download the MP3 file to play locally. Digital asset exchanges are rushing to reassure clients that their funds are safe as the FTX collapse ricochets through the industry, a top Federal Reserve official says the US central bank is entering a new phase

FTX is investigating abnormal transactions as analysts said hundreds of millions of dollars worth of assets had been withdrawn, in a fresh blow to creditors of Sam Bankman-Fried’s crypto empire following its collapse into bankruptcy. The company’s general counsel Ryne Miller said on Saturday that FTX was “investigating abnormalities with wallet movements related to consolidation of

Walt Disney plans to cut jobs and institute a hiring freeze as the company tries to halt the red ink at its streaming operations, which have racked up billions in losses over the past three years. “We are going to have to make tough and uncomfortable decisions,” Bob Chapek, Disney chief executive, wrote in a

The withdrawal of Arts Council funding for English National Opera (ENO) presents a moral dilemma regarding public benefit and the use of charitable funds (“Stage fright: Arts Council cuts hit capital”, Report, FT Weekend, November 5). On the day in 1992 when the government announced the purchase of London Coliseum for the nation, and as

In his letter “Harking back to the good old days of productivity” (FT Weekend, November 5) John Warren summarises the impressive achievements of Victorian times. Rightly so. But it was done mostly with cheap and often indentured immigrant labour, no health and safety, few planning rules and little alternative employment options for those workers. Other

The collapse of crypto exchange FTX, reflected in its US bankruptcy filing, has delivered another blow to digital token prices. These had already plunged in response to drops in equity and bond prices. The price of bitcoin slid briefly below $16,000 this week from a peak of $67,000 a year ago. This is categorically bad

It was not just Democrats who breathed a sigh of relief that the Republican “red wave” failed to materialise in this week’s US midterm elections. In Kyiv, officials said they hoped the provisional results indicating a better than expected performance by Joe Biden’s party would ensure continuation of the US military aid that has been

This soft-spoken yet gut-punching low-budget drama stars Jennifer Lawrence as Lynsey, a military veteran newly returned from Afghanistan and recovering from injuries and a serious case of PTSD. Lynsey isn’t comfortable being back in New Orleans: military service meant an escape from her boozy mother Gloria (Linda Emond) and other domestic troubles. But with nowhere

Almost 30 years ago, the Greek parliament voted to put on trial Constantine Mitsotakis, a former prime minister, for his alleged involvement in a scheme to wiretap political opponents and journalists. The case fizzled out after Pasok, the ruling socialist party, argued in a fit of generosity or self-interested political calculation that the charges should

Opera aficionados will be disappointed that David McVicar’s production of Don Carlo, new in February, comes back shorn of its idyllic first act depicting the Spanish infante and his designated bride, Elisabeth of Valois, as young lovers in a Fontainebleau forest. Even so, this staging of Verdi’s Schiller-based epic clocks in at nearly four hours.

Good morning and welcome to Europe Express. EU’s fiscal rules are finally getting an upgrade (or at least a proposed one) today and we’ll bring you up to speed with what to expect, as per latest draft seen by the Financial Times. We’ll also hear from Ireland, where Elon Musk’s recent firing spree at Twitter

Liz Truss’s plans for low-tax investment zones to boost UK economic growth are due to be axed by chancellor Jeremy Hunt in next week’s Autumn Statement. Two Whitehall insiders said levelling-up secretary Michael Gove had lobbied hard for the zones to be ditched in favour of a revamped urban regeneration policy. Although no final decisions

Deutsche Post DHL has raised its full-year profit guidance, saying it is on track to produce record results. The German logistics company said on Tuesday that it was now expecting to report earnings before interest and tax of €8.4bn in 2022, compared to previous guidance of €8bn. “The first three quarters of the year were

Alok Sharma likes to think of himself as a “green growth climate warrior” after nearly three years as president-designate, and then full-time president, of COP26. In a world of high emotion, he won a reputation as a calm and effective influence ahead of last year’s COP summit in Glasgow, and has retained it ever since.

The writer is US ambassador to the Court of St James It’s an important time for the UK, which means it’s an important time for the US and the relationship between our two countries. As Prime Minister Rishi Sunak gets started in Number 10, President Joe Biden and I send America’s congratulations. Now begins the

Russia’s aviation industry has defied predictions it would slowly grind to a halt after western sanctions barred access to vital spare parts and maintenance expertise. Domestic air travel has rebounded close to levels last seen before the Covid-19 pandemic, triggering concerns among western executives that safety may eventually be put at risk. Since Russia lifted