FirstFT: The worsening tit-for-tat trade war between the US and China

Also in today’s newsletter, Honda and Nissan agree to merger talks and Bangladesh asks India to return exiled former prime minister

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Airlines see busiest Christmas season on record

Consumers in UK and US still prioritising holidays and travel over other discretionary spending, say industry bosses

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iPhone 18 Pro to get variable aperture camera first, not iPhone 17 Pro

The iPhone 18 Pro, launching most likely in September of 2026, will be the first Apple model to incorporate variable aperture on its main camera, according to a fresh new report from Ming-Chi Kuo, a prolific source of supply chain-related information pertaining to Apple products. Kuo did previously mention the debut of this feature on the iPhone 18 Pro, but was contradicted by another report saying it would actually launch next year. Now, Kuo is doubling down on his initial prediction, citing information from BE Semiconductor, which will supply Apple with the assembly equipment for...

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Mozambique confirms ruling party won election reigniting protests

Constitutional Council says Frelimo’s Daniel Chapo was victor in October poll despite widespread claims of vote-rigging

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Spotify executives cash in as streaming service stock price soars

Company co-founders reaped $900mn in gains this year

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