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  Why Kevin Hassett Is Winning the Fed Chair Race Before It Has Ended National Economic Council Director Kevin Hassett with President Trump in the Oval Office.   brian snyder/Reuters Quick Summary President Trump appears to favor Kevin Hassett for Federal Reserve chair, prioritizing loyalty and market credibility. The search process is still under way, with finalists scheduled for interviews with Vice President JD Vance and senior White House staff beginning this week. Hassett’s candidacy is supported by his loyalty to Trump and recent market reaction to his potential nomination. An artificial-intelligence tool created this summary, which was based on the text of the article and checked by an editor.  Read more  about how we use artificial intelligence in our journalism. President Trump appears to favor Kevin Hassett for Federal Reserve chair, prioritizing loyalty and market credibility. Officially, the search for a new Federal Reserve chair is still under way. A han...
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  Shein probed by Texas attorney general over labor practices, product safety Customers queue to enter the first physical space of Chinese online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de... Purchase Licensing Rights , opens new tab Read more Dec 1 (Reuters) - Texas Attorney General Ken Paxton said on Monday he is investigating Shein, to determine whether the fast fashion retailer violated state law related to unethical labor practices and the sale of unsafe consumer products. Paxton's investigation increases pressure on Shein, which was embroiled in scandal last month after France's consumer fraud agency  found  childlike sex dolls and illegal weapons available for sale on the China-founded retailer's online platform. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up  here. Shein did not immediately respond to requests for comment....
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  Japan debates sustainable debt load as Takaichi eyes looser fiscal goal Prime minister seeks to abandon single-year primary surplus target Prime Minister Sanae Takaichi has called for strategic fiscal spending to achieve a strong economy. (Photo by Ken Suzuki) MIKI NOSE, RYUTO IMAO and RIEKO MIKI December 2, 2025 05:59 JST TOKYO -- A heated debate is emerging within the government over whether Japan can rely on debt-financed spending as long as the economy logs high growth, as Prime Minister Sanae Takaichi looks to loosen the target for achieving a primary balance surplus. "Nominal growth rates will recover thanks to productivity growth," Takaichi said at a meeting in Tokyo on Monday. "The debt-to-GDP ratio is declining," she added, calling for "strategic fiscal spending to achieve a strong economy." In light of rising long-term interest rates, she touched on the need to pay close attention to interest rate trends and continue improving debt indicators, ...
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  Navigated Menu Back Financial Times Financial Times Europe 2 Dec 2025 Buttons.Search Options Trump, Xi, Putin and the strong­man race Gideon Rach­man gideon.rach­man@ft.com Settings Print Share Listen I’ve never seen men so scared.” That was Don­ald Trump’s amused ver­dict after observing Xi Jin­ping’s intim­id­at­ing effect on the Chinese leader’s entour­age, at a recent meet­ing. “I want my cab­inet to behave like that,” joked the US pres­id­ent. Trump’s return to the Oval Office has sig­nalled a revival of the strong­man style in global polit­ics. Bilat­eral meet­ings between power­ful, head­strong lead­ers increas­ingly shape the inter­na­tional agenda. Mul­ti­lat­eral sum­mits such as the UN Gen­eral Assembly, the G20 or the COP cli­mate sum­mit are dwind­ling in sig­ni­fic­ance. Both Trump and Xi skipped the recent G20 sum­mit in South Africa. It was an inter­na­tional con­fer­ence that would have forced them to share the spot­light with lead­ers of smal­ler nations. Mohamm...
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