The stablecoin bandwagon is getting crowded
For all their momentum, stablecoins’ moderate benefits come with a host of drawbacks
Economic news
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Europe wants to rebalance trade with Beijing, but can’t quit Chinese air conditioners
An historic heat wave has driven unprecedented demand for Chinese-made air conditioners in Europe, underscoring the tough task Brussels faces in rebalancing trade with Beijing.
‘China’s Instagram’ targets male users as RedNote readies for IPO
Social media platform Xiaohongshu accelerates plans for Hong Kong listing
Trump made up to $1.4bn in stock purchases in 2025
FT analysis shows US president declared more than 22,000 share transactions last year
KNDS postpones plans for stock market listing
Franco-German tank maker delays IPO after investors balk at €12bn-plus valuation
World Cup could boost the June jobs report by 40,000, Goldman estimates
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.