World news from the Financial Times - FT.com

Highlights

From GLOBAL ECONOMY 2:05pm

Detroit heads towards fiscal emergency

Detroit

Step closer to largest municipal bankruptcy in US history

US braced as cuts deadline passes
Video Rust Belt – Detroit’s blank canvas
In depth US states of emergency

From GLOBAL ECONOMY 12:30pm

Weak eurozone data add to ECB pressure

Inflation falls to 1.8% and unemployment hits 11.9%

EUROPE 1:55pm

Paris seeks alternative to 75% tax

New plan under consideration still controversial

Howard Davies ‘Le French-bashing’
French bosses admit business fears valid

From GLOBAL ECONOMY 2:25pm

US incomes suffer biggest fall in 20 years

Consumer spending ticks higher despite payroll tax rise

From GLOBAL ECONOMY 10:27am

China’s manufacturing growth slows

Official purchasing managers’ index dips to 50.1 in February

FT Alphaville The Chinese PMI circus
beyondbrics Asian PMIs – more bad than good

Features spotlight

high speed train of the new 2,298-kilometre (1,425-mile) line between Beijing and Guangzhou as it waits to start off in Beijing on December 26, 2012. China started service on December 26 on the world's longest high-speed rail route, the latest milestone in the country's rapid and -- sometimes troubled -- super fast rail network. The opening of this new line means passengers will be whisked from the capital to the southern commercial hub in just eight hours

China’s railway ministry is expected to be eliminated in a shake-up

Angela Merkel pworld

Germany’s work conditions spark concern

Temporary tents provided for devotees during the Kumbh Mela festival in Allahabad

©Getty ASIA-PACIFIC 9:33am

Pop-up megacity is a lesson for India

Kumbh Mela’s efficient infrastructure should be possible elsewhere

Jamaat-e-Islami activists set up road blocks during a strike called by the party in Chittagong, Bangladesh

©AP ASIA-PACIFIC 3:08pm

At least 52 killed in Bangladesh riots

Violence erupts after Islamist leader sentenced for war crimes

EUROPE 10:47pm

Banks fear damage from EU bonus cap

Warning of coup for US and Asia rivals

US & CANADA 7:36pm

Chances of sequester quick fix run out

Cuts saga likely to run and run

From GLOBAL ECONOMY 8:22pm

Bankers fear Chinese push to head ADB

Japan braced for fight to hold on to post

Inside Business Poor infrastructure smothers Asia’s growth

More news

Analysis

Blackstone CEO Stephen Schwarzman, and Kurt Bjorklund of Permira

©Bloomberg

An inequitable divide: US and European private equity groups have travelled different paths

Multimedia

Video

Haruhiko Kuroda

Haruhiko Kuroda is Shinzo Abe’s choice to become the next BoJ chief

beyondbrics

Pravin Gordhan, South African finance minister

©AFP After the numbers: a round-up of reactions to South Africa’s budget

The World blog

From left: Ma Zaoxu, assistant minister of Foreign Affairs of China; Hans-Dieter Lucas, political director of the Foreign Ministry of Germany; and Sergey Ryabkov, deputy foreign minister of Russia listen during talks on Iran's nuclear program in Almaty, Kazakhstan, on Febreuary 27 2013

©AP Three reasons to be cautious about Iranian nuclear negotiations

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EDITOR’S CHOICE

Global Insight

Park Geun-Hye

©EPA Seoul seeks to soften hard realities with welfare cushion

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Ingram Pinn illustration

Wary Obama cannot shut out the world, says Philip Stephens

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