Spreads on riskiest junk debt have climbed to their highest level since the market meltdown that followed last year’s ‘liberation day’ tariff blitz
Military action over Strait of Hormuz continues to escalate after pause in six-month-old conflict
John Sawers tells FT Weekend Festival that enduring peace ‘not really conceivable’ while Vladimir Putin remains in office
Russia and Ukraine announce pause in air strikes for duration of Jared Kushner and Steve Witkoff’s visit