Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Kuwait’s emir, Sheikh Nawaf al-Ahmad al-Jaber al-Sabah, has died aged 86, the state news agency reported on Saturday.Sheikh Nawaf had been admitted to hospital for an emergency health problem in late November,…

Would you like a $2,000 gold bar at Costco with your $4.99 rotisserie chicken? Yes, Costco sells more than just toilet paper, office supplies and food items, and the company is quite effective at it. A 24-karat 1 oz. Gold Bar PAMP Suisse Lady Fortuna Veriscan was listed as sold…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Israeli army misidentified shirtless male hostages waving a white flag in Gaza and shot all three in violation of its rules of engagement, a military official said on Saturday.The killing of…

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. ERNIE Bot 4.0, run by Chinese tech giant Baidu, is touted to be in the same league as industry darling chatbot GPT-4. Unveiled…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rudy Giuliani, the former New York City mayor who became involved with Donald Trump’s effort to overturn the 2020 US presidential vote, must pay a total of $148mn to two electoral workers…

Fast-fashion retailer Shein has been hit with a lawsuit by rival Temu, alleging the company has used aggressive and unlawful tactics to thwart competition — adding another layer to the hostilities between the two Chinese-owned e-commerce sites as they fight to dominate the bargain shopping market in the US. The…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US national security adviser Jake Sullivan told Israeli Prime Minister Benjamin Netanyahu that Washington wants Israel’s military to switch to a less intense phase of war with Hamas “in the near future”,…

There is no doubt that rent is too high for many Americans, but as a result of a recent boom in the construction of apartment buildings, rents are beginning to come down. The median asking rent in November declined 2.1% from a year before to $1,967. It’s the biggest annual…

Stay informed with free updatesSimply sign up to the US interest rates myFT Digest — delivered directly to your inbox.Federal Reserve chair Jay Powell sent his clearest signal yet on Wednesday that the US central bank was done with two years of tightening monetary policy and would begin cutting rates…

Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday. The stark move changes the dollar conversion rate to 800 pesos per dollar from 365 pesos and comes just days into President…