Financial Times

The United States has approved the use of American long-range missiles by Ukraine, marking a significant policy shift and enabling limited strikes against Russian targets.

Elon Musk’s wealth is expected to reach new levels as significant business developments boost SpaceX and xAI, alongside a notable AI start-up investment and strategic proximity to influential figures enhancing Tesla.

Reeves is urging financial regulators to permit greater risk-taking to stimulate economic growth, arguing post-crisis rules are overly restrictive and hinder progress.

Rachel Reeves plans to legislate the consolidation of council pension schemes into eight large ‘megafunds’ to unlock £80 billion for investment and end local authority management, rejecting radical options.

The US administration’s firm stance on Tehran, characterised by a “maximum pressure” policy, is prompting major Gulf states like Saudi Arabia and the UAE to seek closer ties with Iran for their own security.

European Union countries plan to significantly increase their defence spending, as heightened geopolitical tensions follow the recent US election outcome.

Bitcoin has reached a record high of $80,000 as traders speculate on supportive policies from the Trump administration, with expectations of looser regulations benefiting cryptocurrencies.

US stock markets are experiencing significant growth, raising concerns among experts about a potentially overheating economy due to fears of inflation and the possible reversal of trends under certain policies.

Joe Biden called on Americans to reduce political division and promote unity, urging acceptance of the election results and emphasising the importance of a smooth and peaceful transition of power.

Donald Trump has achieved a significant political comeback by defeating Kamala Harris in the presidential election, raising questions about the future of America’s democracy and international alliances, while global markets react to concerns over tariffs.