Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy offloaded another 15 per cent stake in Monte dei Paschi di Siena on Wednesday, using the staged privatisation of the once-ailing lender to kick-start a consolidation process in the country’s banking sector. Shares in
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Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The writer is chief executive of the European Climate Foundation and was France’s special representative for COP21 In the global fight against climate change, Donald Trump’s election victory is undoubtedly a challenging setback. The next
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The author is chair of Marshall Wace, a multi-strategy investment manager The US equity market has greeted the US election result with a celebratory run. I share the optimism. On almost every dimension,
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Ukraine’s sovereign bonds have surged in price as investors bet that the incoming US administration will push for a quick end to the war with Russia. The dollar-denominated bonds have risen 12 per
Government spending cuts in the EU are set to hit investment and growth at a time when the region is already struggling to keep up with the US, economists have warned. After years of fiscal excess during the Covid-19 pandemic and the energy crisis sparked by Russia’s invasion of Ukraine, Brussels has reinstated rules requiring
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world When Joe Biden departs the White House and Donald Trump re-enters, America’s trading partners fear the US will distort commerce with high import tariffs, treat World Trade Organization rules with open contempt and
In the early 2000s, Hank Paulson travelled extensively to China seeking access to the country’s financial markets for Goldman Sachs, where he was chief executive. The investment bank’s top brass believed the deal he eventually cut would only be a temporary one. The thinking was that an alliance with Fang Fenglei, a mainland investment banker
China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a smouldering trade war between the world’s two biggest economies, according to Beijing advisers and international risk analysts. Chinese leader Xi Jinping’s government was caught off-guard by Trump’s 2016 election victory and the subsequent imposition of higher tariffs, tighter controls
Donald Trump has chosen Tulsi Gabbard, a former Democratic congresswoman from Hawaii, to be the director of national intelligence in his second administration. Gabbard is known for her pro-Russian views, including blaming Nato and Joe Biden’s administration for Russia’s full invasion of Ukraine that began in February 2022. She has also claimed Syrian dictator Bashar al-Assad
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Republicans have won a majority in the House of Representatives, giving Donald Trump’s party full control of both chambers of the US Congress and wide latitude to push a radical agenda through the
UK chancellor Rachel Reeves is to legislate to develop eight pension “megafunds” as part of reforms to Britain’s fragmented local government retirement scheme that she claims could unlock £80bn of investment. But the chancellor has rejected more radical options including forcing pension funds to invest in British assets, or creating one single Canadian-style fund out
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Matt Gaetz, the incendiary Republican congressman from Florida, has been nominated by Donald Trump to be US attorney-general in his second administration, a surprise pick for the post that will reverberate across the
Chicago Mayor Brandon Johnson faces a pushback by City Council members to his proposed property tax hike.Bloomberg News Kroll Bond Rating Agency placed Chicago’s A general obligation bond rating on Watch Downgrade Tuesday as the City Council prepares to vote Thursday on a proposed $300 million property tax increase that Mayor Brandon Johnson included in
<img src=”https://public.flourish.studio/visualisation/20281438/thumbnail” width=”100%” alt=”chart visualization” /> Municipal market outperformance continued Wednesday as triple-A yield curves saw an improved bias while U.S. Treasuries were mixed after inflation data threw more uncertainty over the Federal Reserve’s next moves. The October consumer price index came in as projected, but stickiness in inflation — especially with expectations that President-elect
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver’s seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese. M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and close to a record in the number of deals, according
The Israeli right has rejoiced after US president-elect Donald Trump nominated ardent supporters of Prime Minister Benjamin Netanyahu and Iran hawks to his incoming administration. Nominees including Pete Hegseth, Trump’s pick for defence secretary, and Mike Huckabee, the future US ambassador to Israel, were adored on the Israeli right for their unflinching support for Israel’s
Climate change is here and it’s taking a catastrophic toll on communities exposed to high hazards and ones with low adaptive capacity. In 2023, damages from weather and climate disasters totaled $280 billion globally. Worse, only $108 billion, or 38% of total global economic losses, were insured — leaving those who fall in the protection
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Kamala Harris’s fears of a progressive backlash killed a plan for her to appear on Joe Rogan’s podcast, a campaign official has said, shedding light on a decision that infuriated some Democrats who
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Large UK brands have been told they will need to rein in “aggressive” intellectual property claims after the country’s highest court found that media company Sky acted in “bad faith” by registering trademarks for a
The PureCycle facility in Ironton, Ohio. The plastics recycler is selling on revenue bonds it had bought back from investors earlier this year.PureCycle The owner of a municipal-bond-financed plastic recycling plant in Ohio says the project’s bumpy ride is smoothing out. PureCycle Technologies plans to continue selling revenue bonds that it bought back from investors