Stay updated with the latest news from the Republican Party US for free! Sign up to receive our myFT Daily Digest email every morning. Greetings! Today, we begin in the US, where a federal judge has scheduled Donald Trump’s federal criminal trial for alleged election interference to start in March 2024. US District Judge Tanya Chutkan in Washington rejected Trump’s request to delay the trial until after the upcoming presidential election. The trial is set to commence on March 4, 2024, posing a logistical challenge for the former president as he campaigns for another term in the White House. This trial start date, one day before “Super Tuesday,” when Republican voters in over a dozen states will select the party’s presidential nominee, adds further complications. Chutkan made it clear that Trump would need to make the trial date work, regardless of his schedule. Read the full story here.
In his article, Gideon Rachman highlights the contrasting political systems of Vladimir Putin and Donald Trump, both adherents of the Godfather style of politics. Despite similarities in their approach, they operate in very different environments. Find out more about this intriguing perspective.
Here are some other noteworthy updates for today:
– Earnings season in China continues, with companies heavily exposed to the struggling real estate sector expected to issue pessimistic reports. Keep an eye out for updates from Country Garden and China Communications Construction.
– Apple finds itself in court as it contests a $2bn mass lawsuit at London’s Competition Appeal Tribunal. The case accuses the tech giant of deliberately concealing faulty iPhone batteries through software updates.
– US commerce secretary Gina Raimondo begins a four-day visit to Beijing, emphasizing that Washington won’t compromise on national security while acknowledging opportunities in the majority of bilateral trade that doesn’t involve sensitive issues. Check out our report on her visit.
– Taiwanese billionaire Terry Gou announces his candidacy as an independent in Taiwan’s presidential election. He aims to forge an alliance among opposition candidates against frontrunner Lai Ching-te from the ruling Democratic Progressive Party, potentially disrupting the geopolitical landscape.
– Ukrainian forces make progress in their counteroffensive against Russia, breaking into the first line of Russian defenses at a strategically vital location in the south. The liberation of the village Robotyne marks a significant development for Ukraine. Discover why Robotyne holds such importance.
– Reliance Industries takes steps to avoid potential family conflicts by appointing Mukesh Ambani’s three children to its board. This succession plan aims to prevent a repeat of the feuds that followed the death of Ambani’s father in 2002. Find out more about Ambani’s strategic moves.
– BYD, Tesla’s main competitor in China, reports an impressive over 200% surge in first-half earnings. Despite intense price wars affecting foreign groups and smaller start-ups, BYD maintains its dominance in China’s electric vehicle sector. Dive deeper into BYD’s success story.
Pathogens resistant to antibiotics claimed the lives of 1.26 million people in 2019, and experts predict the problem will worsen. However, there is little incentive for pharmaceutical companies to tackle this “silent pandemic” due to governments relying on inexpensive generic drugs and limited sales of new antibiotics.
In other news:
– Ever wondered how successful CEOs start their day? Grace Lordan investigated different morning routines to determine the most effective. Discover what she found.
– The scandal involving a non-consensual kiss by Spanish football chief Luis Rubiales should serve as a catalyst for change in the sport, according to Simon Kuper. Read about the need for reform.
– US and EU attempts to counter China’s Belt and Road Initiative have fallen short, highlighting the failures of Western aid. Find out more about these shortcomings from Adam Tooze.
Chart of the day: China’s economic struggles defy conventional indicators, with Chinese government bonds significantly outperforming US Treasuries. Discover the unique aspects of China’s economic situation in Louis-Vincent Gave’s insightful analysis.
Take a break from the news and indulge in this delectable two-tone chocolate cake. Philip Khoury, the head pastry chef at Harrods, shares his plant-based recipes and discusses his debut cookbook, A New Way to Bake, with the FT’s Ajesh Patalay. Feast your eyes on this mouthwatering creation.
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