Biden’s Taiwan shift, US companies see inflat...

The US has relaxed sanctions on Venezuela’s state-owned oil group Petróleos de Venezuela and the Federal Reserve has stuck with plans to cut rates later this year. Plus, Walmart won patents to give algorithms more sway over prices and fears of an immediate escalation in the confl ...  Show more

The EU wants to make mergers a bit easier, Wall Street banks are offloading $18bn of debt tied to video game maker Electronic Arts, and investors are piling into cash at the fastest rate since the Covid-19 pandemic. Plus, the FT’s Ahmed Al Omran explains why Saudi Arabia’s recent ...  Show more

President Biden says the U.S. economy went from on the mend to on the move but in what direction? Gas prices hit a record high and are on track to go even higher. Plus, Putin is now targeting the port city of Odesa with hypersonic missiles. Also, as the water drops at America’s l ...  Show more

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. Western governments ...  Show more

America’s upper legislative chamber remains in Democrats’ hands; they may even expand their majority. We explain what that means for the Biden administration, and why Democrats outperformed expectations. President Biden’s biggest foreign-policy headaches involve China; we ask wha ...  Show more