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Company confident ‘last details’ of deal with White House to resume AI chip exports will be finalised soon

GM and Hyundai report lower fourth-quarter sales and industry analysts predict a downturn for 2026

FT poll shows preference for former Spanish and Dutch central bank heads to replace Christine Lagarde

Plan to face the obstacles impeding the smooth path of economic policy

Also in today’s newsletter: the companies flocking to sponsor Trump’s Davos ‘US house’ and a promising year for IPOs

Production hold-ups at large mines and fears about Trump tariffs have helped to fuel sharp rally since October

A strong economy, a bubble that doesn’t burst, and a bit of AI sanity

PM tries to reassure Labour’s pro-Europeans a reset is coming, but EU officials say timing is poor

Oil-rich Venezuela has been a springboard for Beijing’s geopolitical and economic interests in Latin America

Phnom Penh looks to strengthen ties that have been strained by its close relationship with Beijing

There are reasons to be optimistic — but weak job creation and private investment warrant caution

UK prime minister starts 2026 with vow to ease pressures on households and deliver ‘positive change’

Agreement that benefits US multinationals weakens 2021 deal brokered by OECD

Policy has settled down enough that making forecasts is no longer obviously insane

Also in today’s newsletter: AI groups to take on Google in the browser market and 10 trends to watch in 2026

Also in this newsletter: France jumps the gun on pesticide protection measures

Novelis executive says European metal sector in terminal decline despite consumers willing to pay more for recycled products

The AI mania could wane and drag down the economies of the two superpowers, but the rest of the world is well positioned to pick up the slack

Rerouting of goods from China plus US demand for tech products is propping up trade in the region

Ukraine allies convene in France, Chinese AI start-ups list in Hong Kong and UK retailers update on Christmas sales