Prices of top-end Burgundies and vintage Champagnes fall for second straight year

Italian energy giant switches on the world’s most powerful machine outside the US

Announcement comes a day after central bank unveiled proposed changes to annual examinations

Borrowers turn to distressed exchanges in the face of punitive interest rates

Sharp deviations have appeared in expected returns of two leveraged funds amid surge in bets

High prices in dollars deter foreigners and fuel Argentine holidays to Brazil

FT columnists Stuart Kirk, Claer Barrett and Moria O’Neill to take reader questions at online webinar

It is unclear why some companies have staying power

Head of state’s powerful financial regulator could seek new powers to scrutinise banks and crypto groups

Overhaul could free up billions for real estate and infrastructure, asset managers say

Software provider SAP responsible for two-fifths of all Frankfurt gains in year of political tumult

Colder weather and lower seaborne imports increase reliance on stored gas

Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatility

President Nayib Bukele had called prohibition ‘absurd’ despite pushback from environmental and social groups

Two is a trend

Higher interest rates boost margins of NatWest and Barclays

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo account for 44% of earnings

His policies would cement the US currency’s dominance while undercutting the institutional framework that is its bedrock

Banker driving Kensington and Chelsea’s stellar returns explains why he fears the chancellor’s ‘megafunds’

A look back at the five themes that dominated in 2024 — and our top scoops, interviews and longer reads