S&P 500+0.23% Shanghai-0.56% FTSE 100-3.27% Euro/Dollar+0.30% Brent Crude Oil-4.48% Visit Markets Data Cookies on FT Sites We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Accept & continue Manage cookies OPEN SIDE NAVIGATION MENU OPEN SEARCH BAR Financial Times MYFT HOME WORLD US COMPANIES TECH MARKETS CLIMATE OPINION WORK & CAREERS LIFE & ARTS HOW TO SPEND IT Sign In Subscribe Financial Times Home A new world is possible. Let's not go back to what wasn't working anyway. If you think the same, join us Coronavirus pandemic Southern African countries put on UK travel red list over Covid variant Global health officials express alarm over B.1.1.529 strain’s ability to evade vaccines as Hong Kong reports two cases AN HOUR AGO Markets Briefing. Stocks and oil prices fall as new Covid variant spooks markets AN HOUR AGO Coronavirus pandemic News in-depth. ‘The virus is always searching for its next move’: why science is alert to new variants Airlines Airlines brace for threat from Europe’s surge of Covid infections TOP STORIES Global migration News in-depth. France and UK turn to law and order in long-running migrant crisis Paris and London try to set aside post-Brexit differences to tackle cross-channel people trafficking UK and France clash over response to Channel migrant tragedy opinion content. The FT View. A preventable tragedy in the Channel The editorial board FT live news Latest news updates: Johnson letter prompts France to withdraw UK invitation to meeting over migrants LIVE Indian business & finance News in-depth. Paytm listing debacle casts pall on pipeline of India tech IPOs Shares in payments group plunge after debut, raising concerns it could derail flotations of other companies SPOTLIGHT Turkish economy Turkish anger grows as Erdogan’s ‘economic war’ hits cost of living Public patience with president’s policy wears thin as prices soar and ruling party MP suggests people should eat less 3 HOURS AGO Life & Arts A fragile freedom — abortion and the American divide The landmark decision that legalised pregnancy termination in the US is under threat. How did it come to this? 3 HOURS AGO NEWS Deutsche Bahn AG Criminal prosecutors review Deutsche Bahn fraud allegations State transport minister complains about lack of information from rail operator 3 HOURS AGO News in-depth. Deutsche Bahn whistleblowers alleged fraud at Germany’s biggest infrastructure project German politics China and Russia in spotlight as Greens take charge of German foreign policy Party wants tougher line on human rights and less priority for commercial interests Most read 1 Deutsche Bahn whistleblowers alleged fraud at Germany’s biggest infrastructure project 2 Southern African countries put on UK travel red list over Covid variant 3 27 die while trying to cross Channel from France 4 Disrupting golf: the Saudi-backed plan to shake up the sport 5 opinion content. What the ‘big quit’ tells us about inflation Philippines News in-depth. Marcos Jr’s presidential bid stirs painful memories in Philippines Supporters say Bongbong should not pay for sins of his father, whose regime tortured and killed opponents Cryptocurrencies Crypto’s hottest game is facing an economic maelstrom Video game analysts are questioning the economic sustainability of pay-to-play ‘Axie’ 3 HOURS AGO Artificial intelligence opinion content. Chess faces stalemate in its match with machines Magnus Carlsen is defending his world championship as artificial intelligence changes the game John Gapper UK politics & policy British armoured division returns to Germany amid Ukraine tensions About-turn just over a year since UK pulled out in move designed to help bolster Nato Chinese business & finance News in-depth. US commission calls for tighter controls on flows to Chinese markets Annual report to Congress highlights surge of US positions in Chinese equity and debt securities 3 HOURS AGO EU economy ECB expected to raise inflation forecast again Central bank rate-setters say outlook for price growth in 2023 and 2024 remains unsure Michael Lynch Deadline set for UK to decide on extraditing Mike Lynch to US Home secretary asked to decide on extradition before ruling of separate civil case against Autonomy founder US retail Crowds expected back at stores over Thanksgiving weekend Consumers seem undeterred by higher prices and shortages ahead of US holiday shopping season EUROPE NEWS Hungary warns of US interference in bid to oust premier Viktor Orban Ruling Fidesz party vows to counteract moves such as use of sanctions against individuals before next year’s election French fishermen to blockade ports in protest over UK fishing licences Spain passes biggest budget in its history Spanish watchdog clashes with footballer Iniesta over Binance tweet News in-depth. Swedes tire of ‘political circus’ after day of chaos in Stockholm More Europe News European economy European Union EU foreign policy European companies European equities The Rachman Review Listen to the latest episode OPINION opinion content. Asia is the global inflation exception The region is not experiencing the sharp price rises seen elsewhere because it handled the pandemic better Robin Harding opinion content. The poisoned chalice of the Fed chair job John Plender opinion content. Drive a gas-guzzler, buy a coal mine and other uses of reverse logic Tim Harford opinion content. Inside Intel: Wall St bets on the decline of one-time chip champion Richard Waters opinion content. Labour battles over its own history hoping for ‘1945 and all that’ Miranda Green opinion content. Poor regulation, not price cap, to blame for energy market mayhem Helen Thomas opinion content. Rich People’s Problems: How to get a bigger bonus James Max Popular opinion columns The FT View Lex Inside Business Markets Insight Global Insight Unhedged The Top Line LIFE & ARTS opinion content. FT Magazine. The merry hell of Christmas with the family Long-simmering squabbles, torturous travel and turkey with ‘all the trimmings’ are just the start Tim Hayward Art Basel Miami Beach opens in a younger, richer, techier city 3 HOURS AGO Food star Laila Gohar talks personal taste 3 HOURS AGO Review. Six films to watch this week Review. We can’t work it out: The Beatles’ demise reframed in Get Back How Black Ivy rewrote the style book Eight of this year’s best Christmas hampers More Life & Arts Arts Books Food & Drink FT Magazine Style House & Home Travel FT Globetrotter FT Weekend Podcast Listen to the latest episode PODCASTS audio content. China and the US: competition or conflict? The evolving relationship between the two superpowers audio content. Biden’s strategic political reserve audio content. The art of conversation, with Ruby Wax audio content. Is Boris Johnson on the right track? More podcasts FT News Briefing Behind the Money Working It Money Clinic with Claer Barrett FT Weekend VIDEO video content. Space-based solar power 'could be deployed in 10 years' Elon Musk called it the stupidest idea ever. The FT's Peggy Hollinger looks at whether space-based solar power can move beyond science fiction video content. News in-depth. Cryptocurrencies: how regulators lost control video content. News in-depth. Are investment groups killing US newspapers? video content. How Covid-19 changed hospital healthcare video content. News in-depth. Can the Vatican reform its finances? video content. Facebook whistleblower on 'harmful but legal' content | FT interview video content. Supply chain and recruitment pressures force restaurants to innovate More video FT Features FT World video FT Markets video HIGHLIGHTS Hot property: five homes for sale in coastal Scotland From a terraced house with views across the Firth of Forth to a 14th-century stone castle in East Lothian Deep dive. So long, Hong Kong: Asia’s business hub loses its lustre ‘Lawfluencers’ open up the Magic Circle for new recruits Deep dive. Antibiotic accountability: how countries and companies perform The Big Read. Nuclear fusion: why the race to harness the power of the sun just sped up Newsletter. UK wants more secure products as ‘Hack Friday’ sales get under way opinion content. I want to swap the army for a career in sports — where do I begin? Jonathan Black More highlights Moral Money Due Diligence Cryptocurrencies Special Reports Climate Capital Editor's Choice Newsletter Start receiving each Saturday MARKETS NEWS Spanish watchdog clashes with footballer Iniesta over Binance tweet Regulator says athletes and influencers have ‘responsibility’ to remind followers of crypto risks Explainer. Will tapping the US strategic stockpile lower oil prices? Daniel Loeb’s Third Point makes $300m profit from Rivian IPO Thanksgiving feasts return in force but at a more expensive price US to release 50m barrels of oil from reserves Turkish lira falls as Erdogan vows victory in ‘economic war’ News in-depth. US bond bulls hold their ground in face of red-hot inflation More markets news Alphaville Markets Data Capital Markets Commodities Currencies Equities Fund Management FT Trading Room Moral Money ETF Hub TECHNOLOGY opinion content. Lex. US retail: the party in third-party platforms Traditional retailers are taking a page out of Amazon’s playbook 3 HOURS AGO Newsletter. UK wants more secure products as ‘Hack Friday’ sales get under way opinion content. Inside Intel: Wall St bets on the decline of one-time chip champion Richard Waters opinion content. Lex. Robotaxis: China seeks fare advantage over the US Huel weighs London IPO as appetite for plant-based meal replacements grows Singapore regulator warns DBS Bank over prolonged service outage South Korea’s SK Hynix caught in US-China semiconductor battle More technology #techFT FintechFT #techFT Newsletter Start receiving every day BE A PART OF FT COMMUNITY Upcoming events Discover unmissable flagship events and members only communities to expand your thinking and elevate your career. Tuesday, 30th November Digital Conference Global Food Systems Register for Global Food Systems Wednesday, 1st December Digital Conference Navigating the Future of Work Register for Navigating the Future of Work Tuesday, 7th December Digital Conference The Global Boardroom: 4th Edition Register for The Global Boardroom: 4th Edition Join the discussion FT Forums is a series of members only communities, powered by the Financial Times. WOMEN IN BUSINESS FORUM A dedicated programme to accelerate mid-career women into senior leadership. CLIMATE CAPITAL COUNCIL Where businesses share ideas, opportunities and challenges with climate change. MORAL MONEY FORUM Where organisations share high level macro thinking and practical micro solutions in ESG. Feedback Useful links Support View Site Tips Help Centre Contact Us About Us Accessibility myFT Tour Careers Legal & Privacy Terms & Conditions Privacy Policy Cookies Copyright Slavery Statement & Policies Services Share News Tips Securely Individual Subscriptions Group Subscriptions Republishing Contracts & Tenders Executive Job Search Advertise with the FT Follow the FT on Twitter FT Transact Secondary Schools Tools Portfolio Today's Newspaper (ePaper) Alerts Hub Business School Rankings Enterprise Tools News feed Newsletters Currency Converter Community & Events FT Community FT Live FT Forums Board Director Programme More from the FT Group Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2021. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.