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Donald Trump supporters listen to him speak at a rally in Waterloo, Iowa.

Trump seeks to spin court ruling into political gold

The former president’s re-election bid may hinge on upcoming judgments in the US Supreme Court.

  • James Politi, Stefania Palma and Alex Rogers
President Joe Biden

More states gear up to hear challenges to Trump’s eligibility

More than a dozen other states have pending legal challenges under the same amendment, according to US media reports.

  • Matthew Cranston

Over 100 container ships reroute as US weighs Red Sea response

Insurance premiums are surging for those who do cross the Red Sea, freight rates are up and so are oil prices – all potential factors for more inflation.

  • Stefan Nicola

EU, France deliver migration crackdowns as populists surge

A “breakthrough” deal could end years of infighting over illegal immigrants. Emmanuel Macron needed a key rival’s support for his tough reforms.

  • Hans van Leeuwen

Hamas leader visits Egypt amid intensive talks on new ceasefire

Ismail Haniyeh, who usually lives in Qatar, typically wades publicly into diplomacy only when progress seems likely.

  • Nidal al-Mughrabi, Bassam Masoud and Dan Williams

US guarantees Australian AUKUS submarine sovereignty

The US committees key to the passing of AUKUS laws say the US will hand over full control of submarines sold to Australia under the recently approved arrangements.

  • Updated
  • Matthew Cranston

Opinion & Analysis

Shippers know the Suez is always a crisis waiting to happen

The channel should still be used, when it’s safe, as the savings are great. But knowing there’s a backup is enough assurance that the global economy won’t crash.

Tim Culpan

Contributor

The Houthi rebels ignored for 10 years who threaten global trade

Gulf experts say the West may have underestimated the power of the Iran-backed militant group.

James Rothwell and James Crisp

Contributor

3 lessons from 2023’s massive crypto rally

Blockchain currencies didn’t just survive the collapse of FTX, they’ve been the investment of the year. Turns out, decentralised finance doesn’t need exchanges.

Niall Ferguson

Contributor

The Fed should resist market bullying

The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.

Mohamed El-Erian

Global financial commentator

Mohamed El-Erian

From the Financial Times

Donald Trump supporters listen to him speak at a rally in Waterloo, Iowa.

Trump seeks to spin court ruling into political gold

The former president’s re-election bid may hinge on upcoming judgments in the US Supreme Court.

  • James Politi, Stefania Palma and Alex Rogers

The Fed should resist market bullying

The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.

  • Mohamed El-Erian

Google to pay $1b in antitrust settlement over Android app store

Terms of the settlement come after Epic Games, the maker of popular online game Fortnite, won a related case against the tech giant last week.

  • Michael Acton
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Shippers know the Suez is always a crisis waiting to happen

The channel should still be used, when it’s safe, as the savings are great. But knowing there’s a backup is enough assurance that the global economy won’t crash.

  • Tim Culpan

Yesterday

A photo released by the Houthi Media Centre shows a Houthi gunman on the cargo ship Galaxy Leader on November 19.

The Houthi rebels ignored for 10 years who threaten global trade

Gulf experts say the West may have underestimated the power of the Iran-backed militant group.

  • James Rothwell and James Crisp
Donald Trump’s campaign called the court decision “flawed” and “undemocratic”, and said it would lodge an appeal.

Colorado Supreme Court disqualifies Trump from holding office

The ruling makes Donald Trump the first presidential candidate in US history to be deemed ineligible for the White House under a rarely used provision of the US Constitution.

  • Updated
  • Andrew Goudsward and Jack Queen
Palestinians search for bodies and survivors in the rubble of a residential building destroyed in an Israeli airstrike, in Rafah, southern Gaza Strip.

Street fighting rages in Gazan city as UN delays vote again

Khan Younis residents reported intensifying gun battles on Wednesday between Hamas fighters and Israeli forces in the centre and eastern districts of the southern city.

  • Nidal al-Mughrabi and Bassam Masoud
Former US president Donald Trump  at the campaign rally in New Hampshire on Saturday.

What the Colorado ruling means for Donald Trump

While it sounds like a potential dagger to the former president’s 2024 election hopes, it’s unlikely the Colorado Supreme Court landmark ruling will do much to hinder the Republican frontrunner.

  • Susie Coen
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Cryptocurrencies will be put to the market test when ETFs are developed for trading.

3 lessons from 2023’s massive crypto rally

Blockchain currencies didn’t just survive the collapse of FTX, they’ve been the investment of the year. Turns out, decentralised finance doesn’t need exchanges.

  • Niall Ferguson
San Francisco skyline. Highly leveraged sectors, such as commercial real estate, are suffering.

The Fed should resist market bullying

The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.

  • Mohamed El-Erian
Republican presidential candidate and former U.S. President Donald Trump attends the UFC 296 in Las Vegas.

Shares hit a high; Trump not eligible; 2023 good and bad

Read everything that’s happened in the news so far today.

This photo released by the Houthi Media Center shows a Houthi forces helicopter approaching the cargo ship Galaxy Leader on Sunday, Nov. 19, 2023. Yemen’s Houthis have seized the ship in the Red Sea off the coast of Yemen after threatening to seize all vessels owned by Israeli companies.

West warns Houthis as US looks to expand Red Sea force

A surge in its harassment of merchant shipping in the Red Sea by the Houthi militant group has driven a rise in oil prices and raised concerns about global trade.

  • Updated
  • Matthew Cranston
Israel’s President Isaac Herzog.

Israel ready to pause fighting again for more hostages

Israeli President Isaac Herzog told ambassadors from around the world the country is prepared to agree to a pause in exchange for more hostages.

  • Gwen Ackerman
The Galaxy Leader ship was captured by Houthi fighters on November 19 and anchored offshore of As Salif, Yemen.

Red Sea shipping chaos, by the numbers

Since the attacks ramped up last month, at least 13 vessels have been subject to incidents in the area. Ambrey Intelligence puts the figure even higher.

  • Alex Longley

Iceland rocked by volcanic eruption as lava gushes

At risk are an evacuated fishing town to the south of the site, a power plant and the country’s main tourist attraction, Blue Lagoon spa, to the west.

  • Ragnhildur Sigurdardottir

This Month

Shipping containers sit idly in Sydney.

Freight, oil climb as Red Sea attacks shut down shipping

Intensifying attacks from Houthi rebels in the Red Sea hastened a US-led response to a dangerous escalation of the Gaza war that threatens global trade.

  • Jenny Wiggins, Jacob Greber, Sarah Jones and Mark Mulligan
At issue in the case were Google’s contracts with smartphone makers, network operators and game developers.

Google to pay $1b in antitrust settlement over Android app store

Terms of the settlement come after Epic Games, the maker of popular online game Fortnite, won a related case against the tech giant last week.

  • Michael Acton
Jimmy Lai’s wife, Teresa, and son, Shun Yan, outside court.

Diplomatic pressure builds on Hong Kong over Jimmy Lai trial

The British and US governments have called for Mr Lai’s immediate release, saying the trial is politically motivated.

  • James Pomfret and Jessie Pang
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Labor MP Anne Aly.

The political establishment isn’t backing the Palestinians

An anti-Israel petition for politicians secured only 215 signatures, mostly minor figures, demonstrating support for the Jewish state in political circles.

  • Aaron Patrick
Palestinians flee the Israeli ground offensive in Khan Younis, Gaza Strip.

US envoys work for new hostage deal as Israeli barrage continues

US officials have repeatedly expressed concern about the large number of civilian deaths in Gaza. Still, there is no sign yet that a shift in the war is imminent.

  • Tara Copp, Melanie Lidman and Samy Magdy
Israeli soldiers in a tunnel in Gaza.

What worries me about the Gaza war after my trip to Arab states

No Gulf Arab state will come into Gaza with bags of money to rebuild it unless Israel has a legitimate Palestinian partner and commits to a two-state solution.

  • Thomas Friedman
Azabudai Hills, the latest large-scale real estate project by Mori Building Co.,opened for business on Nov. 24, seeking to boost Tokyo’s attractiveness as an international destination.

‘Third World’: Why locals don’t share investor enthusiasm for Japan

Japan is enjoying an investment and tourism boom, but many ordinary Japanese are struggling to make ends meet.

  • Updated
  • Michael Smith
Ukrainian soldiers during tank drills earlier this month.

Ukraine and its backers need a credible path to victory

The country no longer has a convincing theory of victory. Unless they can come up with one, Western support for Ukraine will continue to waver.

  • Gideon Rachman