Donald Trump has picked Scott Bessent to be his US Treasury secretary, nominating one of his biggest financial backers as the top economic official of his second administration.Bessent will be responsible for overseeing the president-elect’s most prominent economic pledges, including sweeping tax cuts, while maintaining the stability of the world’s…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldUS president-elect Donald Trump has nominated Pam Bondi for attorney-general just hours after Matt Gaetz, his initial pick, withdrew from consideration for the role.The unexpected move injected fresh drama into…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indian billionaire Gautam Adani has been charged by federal prosecutors in New York in connection with an alleged years-long scheme to bribe Indian officials in exchange for favourable terms on solar power…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldPrivate equity billionaire Marc Rowan has emerged as a top contender to be Donald Trump’s Treasury secretary and will meet the president-elect on Wednesday to make his pitch for the…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldThe world’s biggest economies have signalled weakening support for Ukraine, issuing a joint declaration that watered down previously agreed criticism of Russia’s war against the country and included only a…

Vietnam was one of the biggest beneficiaries of Donald Trump’s trade war with China during his first term in office. But Hanoi could become a victim of its own good fortune, business groups and analysts have warned, if the president-elect follows through on threats of blanket tariffs when he returns…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldXi Jinping told Joe Biden that China was prepared to work with the incoming administration of Donald Trump to manage differences in the turbulent US-China relationship, in his final meeting…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldShale boss Chris Wright is the frontrunner to be Donald Trump’s energy secretary, a role which would put the oilman at the heart of the administration’s drive to loosen restrictions…

A New York man has been sentenced to five years in prison after pleading guilty to a bitcoin theft dubbed the cryptocurrency “heist of the century”, US officials said on Thursday.Court documents said Ilya Lichtenstein, 35, hacked into the Bitfinex crypto exchange in 2016, and made more than 2,000 transactions to…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldRepublicans have won a majority in the House of Representatives, giving Donald Trump’s party full control of both chambers of the US Congress and wide latitude to push a radical…