Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Last summer, I travelled through the pine forests of northern Sweden to a place called Skellefteå on the fringe of the Arctic Circle. I had managed to book the last room available in a pretty
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On a blustery October day, the remaining fragments of what was once Shanghai’s hottest bar and restaurant are being liquidated. The champagne glasses cost Rmb28 ($4), waistcoats hang from a Rmb1,500 lime-green screen, and a framed poster from the 1930s leans against the wall. M on the Bund closed its doors for the last time
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US dollar rose on Tuesday after Donald Trump pledged to levy additional tariffs on imports from Canada, Mexico and China, reigniting concerns about his trade policies. The dollar index, which tracks a
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. A wave of wealthy people is preparing to leave the UK before April to benefit from changes to non-dom rules in last month’s Budget, tax advisers say. Accountants and lawyers said that many people were
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has said he will levy tariffs of 25 per cent on all US imports from Canada and Mexico, and an extra 10 per cent tariff on Chinese goods, in retaliation for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Telegram has told investors that the detainment of chief executive Pavel Durov by French police has had no “material impact” on the messaging app’s operations, as financial disclosures showed that the surging value of its
In this article BTC.CM= RUM Follow your favorite stocksCREATE FREE ACCOUNT Mustafa Ciftci | Anadolu | Getty Images Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose
Wall Street’s main indices edged higher, but small-cap stocks proved the highlight as they chalked up their first record intraday high in three years. The Russell 2000 gained as much as 2.5 per cent during Monday morning trading, to surpass its previous intraday peak from November 2021. However, the small-cap-focused index ultimately finished 1.5 per
<img src=”https://public.flourish.studio/visualisation/20477360/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Monday, following a U.S. Treasury rally, while equities ended up as market participants signaled their confidence in President-elect Donald Trump’s pick for U.S. Treasury Secretary. Muni yields were bumped up to seven basis points, depending on the scale, while USTs rallied up to 15, with both
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Department of Justice is seeking to drop two federal criminal cases against Donald Trump, abandoning its historic attempts to prosecute the former president after voters sent him back to the White
Chancellor Rachel Reeves told sceptical corporate leaders on Monday there would be no more tax rises on British businesses, as she insisted there was no alternative to the £40bn increase in taxes in last month’s Budget. She said at the CBI annual conference she had no regrets about her fiscal decisions, even as some executives
New Jersey Gov. Phil Murphy, a Democrat who opposes New York’s congestion pricing plan, has asked the federal courts to order a full environmental review of the program. The Federal Highway Administration last week handed final formal approval to New York’s resurrected congestion pricing program to begin tolling drivers starting Jan. 5. But the battle
Spirit Airlines filed for Chapter 11 bankruptcy on Nov. 18.Spirit Airlines Spirit Airlines’ bankruptcy will not affect bond ratings for Nevada, Florida and South Carolina airports, according to a Fitch Ratings commentary. The bankruptcy filing “is unlikely to have a material impact on U.S. airport operations, finances or ratings,” Fitch analysts wrote in the commentary
Moody’s upgraded several bonds related to hurricanes and insurance in Florida, citing the support of Florida state government.Bloomberg News Moody’s Ratings upgraded Florida hurricane- and insurance-related bonds to Aa2, affecting more than $5 billion outstanding. The agency upgraded revenue bonds from the Florida Hurricane Catastrophe Fund one notch, Citizens Property Insurance Corp. two notches and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government’s impact assessment of its workers’ rights reforms is “not fit for purpose” because it does not explore the effect of higher costs for employers on wages, jobs and economic activity, a watchdog
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former chief UK negotiator for Brexit and three serving Whitehall department chiefs have made the shortlist to become the next cabinet secretary, with an announcement expected as soon as this week. Sir Keir Starmer
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The push to get UK pension funds to invest more in private markets would boost returns by just 2 per cent over a 30-year period, according to the government’s own forecasts. In her Mansion House
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The main index of small US stocks hit a new record on Monday for the first time in three years, as investors bet that Donald Trump’s election victory would jump-start their performance after
Scott Bessent, founder of the Key Square Group hedge fund, who once advised liberal financier George Soros, will be joined on Trump’s team by Russel Vought who was tapped to retake his position at the head of the Office of Management and Budget. Muni market leaders are reacting favorably to President – elect Trump’s nomination
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The writer is the author of several books on the City and Wall Street “This sector is the crown jewel in our economy,” chancellor Rachel Reeves told a City audience at this month’s Mansion
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a senior fellow at the German Council on Foreign Relations US president-elect Donald Trump has picked Scott Bessent to be his Treasury secretary. Having worked with him when he was