Month: June 2025

Billionaires are outraged after self-described Democratic Socialist Zohran Mamdani defeated establishment candidate Andrew Cuomo to become the Democratic nominee in New York City’s mayoral race. The 33-year-old Mamdani was, until recently, a little-known state assembly member and came into the Democratic primary as an underdog, unlikely to surmount former Gov. Cuomo’s brand recognition and billionaire […]

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy, Spain and three other southern EU countries have criticised a proposed Franco-British migration deal, arguing it could leave them having to take back people returned from the UK to the continent. The five nations, […]

The Justice Department said Thursday that it intends to try Kilmar Abrego Garcia on federal smuggling charges in Tennessee before it moves to deport him, addressing fears that he could be expelled again from the U.S. within days. U.S. Magistrate Judge Barbara Holmes in Nashville, Tennessee, recently ruled that Abrego Garcia has a right to […]

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jes Staley has failed to overturn a decision by the Financial Conduct Authority that he “recklessly” misled the regulator about his ties to convicted sex offender Jeffrey Epstein, in a major setback to the former […]

Republicans are struggling to devise a solution to the health care problem their package has created. Already, estimates say 10.9 million more people would be without health coverage under the House-passed version of the bill. GOP senators have proposed steeper reductions, which some say go too far. “The Senate cuts in Medicaid are far deeper than the House cuts, and […]