Today
EU, France deliver migration crackdowns as populists surge
A “breakthrough” deal could end years of infighting over illegal immigrants. Emmanuel Macron needed a key rival’s support for his tough reforms.
- Hans van Leeuwen
Yesterday
- Opinion
- Cryptocurrencies
3 lessons from 2023’s massive crypto rally
Blockchain currencies didn’t just survive the collapse of FTX, they’ve been the investment of the year. Turns out, decentralised finance doesn’t need exchanges.
- Niall Ferguson
Iceland rocked by volcanic eruption as lava gushes
At risk are an evacuated fishing town to the south of the site, a power plant and the country’s main tourist attraction, Blue Lagoon spa, to the west.
- Ragnhildur Sigurdardottir
This Month
- Opinion
- Russia-Ukraine war
Ukraine and its backers need a credible path to victory
The country no longer has a convincing theory of victory. Unless they can come up with one, Western support for Ukraine will continue to waver.
- Gideon Rachman
![Kristalina Georgieva: “Work will continue in the US and Europe [on the aid packages]. Ultimately, I remain optimistic they will secure the funding.”](https://static.ffx.io/images/$zoom_0.5298%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_31/t_crop_custom/c_scale%2Cw_140%2Cq_88%2Cf_auto/e38999bccd8f37de98d3c9b96a93009a9786d393)
Ukraine’s economic recovery depends on extra allied aid, warns IMF chief
Kristalina Georgieva says further funding delays could force Kyiv to return to printing money, as it did a few months after Russia’s invasion last year.
- Song Jung-a, Sam Fleming and Ben Hall
- Opinion
- Electric vehicles
German car colossus too slow as Chinese EVs dominate
But thanks to the boom in demand for lithium, Australia has been able to profitably surf in the slipstream of China’s ascendancy.
- Richard McGregor
‘Thank you’: How Putin turned a Western boycott into a bonanza
While Ukraine is preoccupied with short-term imperatives such as shoring up international support, the relative resilience of the Russian economy has enabled Putin to play a long game.
- Paul Sonne and Rebecca Ruiz
- Opinion
- Workplace culture
The perils of mangling a colleague’s name
Mispronouncing a co-worker’s name at work can be hazardous – and not just if it’s the boss.
- Pilita Clark
Cardinal guilty of mass fraud in Vatican ‘trial of the century’
The former papal confidant, who oversaw the management of Holy See funds, faces jail time after the verdict in the landmark court case.
- Anthony Faiola and Stefano Pitrelli
Prince Harry wins major victory in hacking case against tabloids
A London court has awarded Prince Harry $266,000 after finding that newspaper executives knew about the wrongdoing perpetrated against the prince.
- Michael Holden and Sam Tobin
Confident Putin declares ‘victory will be ours’ in Ukraine
Despite casualties of some 315,000 dead and wounded, the Russian president seems to still have popular support for the invasion.
- Updated
- Valerie Hopkins and Anton Troianovski
Police foil Hamas plot to attack Jews across Europe
Police in Germany, Denmark and the Netherlands arrest suspected Hamas members who they say were planning terror attacks on Jewish institutions in Europe.
- James Rothwell, Jorg Luyken, Sophia Yan and Robert Mendick
Range Rovers become thief magnets, causing prices to tumble
A surge in car thefts in Britain has made insuring high-end models prohibitively expensive, forcing down prices of second-hand luxury cars.
- Jamie Nimmo
How the super rich spend Christmas Day
They have concierges to curate their gift lists and commission holograms of loved ones. Welcome to the world of luxury Christmas.
- Fran Ivens
BoE keeps rates at 15-year high despite economy fears
The central bank left the main rate at 5.25 per cent, where it has stood since August following the end of nearly two years of increases.
- Pan Pylas
US says Russia’s economy feeling strain of Ukraine war
The invasion of Ukraine is contributing to growing expenditures, a depreciating rouble, inflation and a tight labour market, a new report says.
- Claire Jones and Anastasia Stognei
Brussels’ rule-setting for AI isn’t pretty, but someone’s got to do it
The potential for AI to change economies and societies is unknown. Someone needs to be thinking methodically about how its power can be channelled for good.
- Alan Beattie
This CEO is paying a $62m price for misleading his board
BP’s former chief executive, Bernard Looney, was formally sacked after the oil giant found he knowingly misled the board over his relationships with staff.
- Updated
- Matt Oliver
Bets on UK rate cuts jump after surprise drop in growth
The UK economy shrank more than expected in October, setting the stage for another quarter of stagnation.
- Naomi Tajitsu
- Analysis
- Russia-Ukraine war
Crunch time for Ukraine as the West wavers
The next week could be critical for the country’s future. Having promised open-ended support, the US and EU are struggling to provide new funding.
- Henry Foy, James Politi and Ben Hall
