Europe’s defence boom

California is voting on a historic measure to tax billionaires. The idea of a one-time 5% wealth tax is putting Silicon Valley on edge. Emmanuel Saez, one of the economists who helped design Proposition 40, joins host Carmel Crimmins to discuss the economics of taxing large fortu ...  Show more

Prediction markets let people weigh in on everything from elections and sports matches to Taylor Swift concerts. Supporters say they aggregate information better than polls or pundits. Critics worry they're just betting dressed up as forecasting. Kalshi co-founder and CEO Tarek M ...  Show more

European countries have committed to higher defence spending to face down Russian aggression. But preparing for war isn’t cheap – and in many countries, budgets are already stretched. How will European members of Nato hit their defence targets, a hefty 5% of GDP? Will EU states l ...  Show more

Investors are urging the EU to make sweeping reforms to its debt securitisation market, Walmart has staged a major comeback, and Chinese ecommerce giant Alibaba reported its fastest revenue growth in more than a year. Plus, the FT’s John Paul Rathbone explains how Europe could ...

For European leaders, the war in Ukraine has strained relations with the US and prompted major questions about how the continent will defend itself in the future. Governments are boosting defence spending and defence tech companies' valuations have risen, particularly after the e ...  Show more