The stock market winners and losers of 2025
Chips, gold and guns have triumphed while ad companies and private equity struggled
Economic news
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China uses green tech dominance to take early lead in clean fuels race
Companies use wind and solar energy to produce green ammonia and methanol
Japan official warns on yen’s ‘sudden’ weakness
Traders see higher potential for government intervention to support currency
US steps up blockade of Venezuela by seeking to board third oil tanker
Trump administration escalates campaign of pressure against Nicolás Maduro
Europe needs strategic purpose matched with action
A €90bn Ukraine loan should mark the beginning of a more decisive and ambitious EU
Market upheavals drive biggest gains since 2008 for macro hedge funds
Swings in the dollar, gold and government debt have been fertile territory for funds such as Rokos and Caxton