Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British companies face a stealth tax rise of £900mn next year and up to £2.7bn in 2026 through higher business rates, despite Labour’s manifesto promise not to increase the amount of cash raised by the
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The village of Pewaukee, Wisconsin, is facing legal action over its transportation utility fee, which the Wisconsin Court of Appeals struck down in March.Adobe Stock The village of Pewaukee, Wisconsin, has become the target of lawsuits from the state’s combined chamber of commerce and manufacturers’ association over its transportation utility fee, which was struck down
Pew senior officer Fatima Yousofi found states are considering diverse funding and financing tools to manage climate threats to their infrastructure.Pew As the municipal bond market expects issuance to swell over the next decade to accommodate climate-related infrastructure needs, states are also eying cap-and-invest and superfund programs to augment what is expected to be substantial
Longtime investment banker George Joseph McLiney, Jr., passed away unexpectedly at age 87 Saturday. The founder of McLiney and Company, which was acquired by SAMCO Capital Markets in 2019, McLiney was also a devoted husband, father, grandfather and great-grandfather, an avid golfer and a successful Kansas cattleman. George McLiney, Jr. “He loved life, and that
Few were surprised when US stocks jumped after Donald Trump’s decisive victory in the presidential election. Amid widespread assumptions of weeks of uncertainty, a clear result was always likely to prompt an initial relief rally. More unexpected was what has happened since. The president-elect has nominated a string of hardliners to senior positions, signalling his
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Tina is back in global markets. But she’s had a makeover. In the past, Tina — or There Is No Alternative to give the full name — was a reference to the idea
The dramatic rise and fall of Northvolt, Europe’s one-time battery champion, has many of the elements of a Nordic noir thriller. A desire for global domination, intense hubris and disagreements, vast amounts of cash and several unexplained deaths: the Swedish start-up has had it all on its journey to filing for Chapter 11 bankruptcy on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer’s government has signalled it would arrest Benjamin Netanyahu if he travelled to the UK, a day after the International Criminal Court issued a warrant for the Israeli prime minister “for crimes against
Roosevelt & Cross CEO Charles Stavitski and President Elaine BrennanRoosevelt & Cross Charles Stavitski and Elaine Brennan have been promoted to new leadership positions at Roosevelt & Cross. The pair, who were already members of the firm’s board of directors, have taken on more leadership duties in the past year, with new titles now formalizing
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s sentencing in the Manhattan “hush money” case has been delayed indefinitely, clearing all criminal proceedings from the president-elect’s calendar as he prepares to re-enter the White House. Justice Juan Merchan on
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Amazon has invested another $4bn in artificial intelligence start-up Anthropic, bringing its total investment in the company to $8bn, as Big Tech’s race to dominate the generative AI sector intensifies. Amazon invested an initial $1.25bn
Clearway’s Victory Pass and Arica solar and battery storage project in Riverside County is among the renewable suppliers for Clean Energy Alliance.Clearway California’s burgeoning array of public community choice aggregators for electricity supply has made their presence known in the municipal bond market. This year, the California Community Choice Financing Authority issued the largest prepaid
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 an FT contributing editor Sir Keir Starmer imagined himself a domestic policy prime minister. The mission was to revive the economy and refurbish the public realm. Nearly five months after
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 co-founder of LinkedIn, co-founder at Inflection AI and a partner at Greylock As the US prepares for a shift in leadership that will massively impact how America does business, there
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The south terminal of London’s Gatwick airport has been evacuated following the discovery of a suspected banned item. The British Army’s Explosive Ordnance Disposal unit was deployed on Friday morning after the item was found
Ukraine’s Air Force says Russia has used an intercontinental ballistic missile for the first time in an attack this morning on the Ukrainian city of Dnipro. The missile was reportedly launched from Russia’s Astrakhan region near the Caspian Sea, part of a wave of missile attacks overnight that killed at least three people and wounded
A popular prescription anxiety drug is being recalled nationwide for a “possibly life-threatening” mistake on the carton. The Pennsylvania-based drug maker Endo announced this week that it is expanding its recall of clonazepam tablets because some cartons bear the incorrect drug strength and wrong drug code. The new recall affects 16 lots of Clonazepam Orally
Three notorious kleptocrats — including a Ukrainian oligarch wanted in the US — were sanctioned by the British government on Thursday in a bid to tackle dirty money flowing through the UK, officials said. Dmytro Firtash, a puppet of Russian president Vladimir Putin, Isabel dos Santos of Angola and Latvia’s Aivars Lembergs — along with some
ChatGPT-creator OpenAI has recently considered developing a web browser that would combine with its chatbot, the Information reported Thursday, and has separately discussed or struck deals to power search features. OpenAI has spoken about the search product with website and app developers such as Conde Nast, Redfin, Eventbrite and Priceline, the report said, citing people who have seen
Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% in the two weeks since Trump’s sweeping election
Jeff Bezos is pushing back against Tesla CEO Elon Musk’s claim the Amazon founder predicted President-elect Trump would lose the 2024 presidential election. “Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose for sure, so they should sell all their Tesla and SpaceX stock,” Musk wrote on his social media platform X in