Financial Times

Coffee and cocoa stored in EU warehouses at risk of destruction under new rules

Anti-deforestation law passed in June restricts non-compliant stocks from being sold in the bloc

Investors dump dollar in bet that US rates have peaked

Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year.

US investors shun costly passive ETFs as actives gain ground

Low-cost and active ETFs attracted $39bn in October, mid-market vehicles suffered a net $4bn in outflows

EU urges member states to scrap energy subsidies

Commission calls on Germany, Portugal and Malta to remove measures as soon as possible.

Italian bonds rally after Moody’s credit rating reprieve

Ten-year borrowing cost falls to 2-month low after Rome avoids downgrade to ‘junk’ status.

Berlin is hoist with its own legalistic petard

The repercussions of Germany’s top court striking down a domestic budgetary manoeuvre will spread to EU politics.

Investors use AI to glean signals behind executives’ soothing words

Analysts hope artificial intelligence can reveal what is not said on earnings calls.

How can blockchain platforms make currency trading cheaper?

Citadel Securities trains sights on eurozone debt market

Miami-based market maker aims to displace banks in €10tn market