Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump said he had warned Nato allies that he would encourage Russia to do “whatever the hell they want” if alliance members failed to meet defence spending targets, highlighting the risk to the military
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HM Revenue & Customs awarded Fujitsu £1.4bn in contracts after a landmark 2019 court case laid bare the Post Office Horizon scandal, according to new data obtained by MPs. The data throws fresh light on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has launched several air strikes on Rafah hours after Prime Minister Benjamin Netanyahu ordered the army to prepare a plan to evacuate civilians from the densely populated southern Gazan city. The overnight attacks killed
A Norfolk Southern rail terminal in Austell, Georgia, US, on Tuesday, July 25, 2023. Elijah Nouvelage | Bloomberg | Getty Images Company: Norfolk Southern (NSC) Business: Norfolk Southern is a railway company. It transports a variety of raw materials, intermediate products and finished goods in the United States. Stock Market Value: $57.56B ($254.83 per share)
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. BP is set to book a $700mn windfall due to tax changes aimed at boosting corporate pension fund investment in the economy. Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. When Robert Hur was appointed in January 2023 to oversee the politically delicate investigation into US President Joe Biden’s handling of classified information, US attorney-general Merrick Garland hailed his “long and distinguished career
Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Profits in the US banking sector tumbled almost 45 per cent year on year in the final quarter of 2023, even as the squeeze on consumers eased and confidence grew that the US economy would
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders could present systemic risks.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Imran Khan’s allies have accused Pakistani authorities of rigging the vote count in Thursday’s election to block them from power after they achieved a stunning electoral success. Candidates loyal to Khan’s Pakistan Tehreek-e-Insaf party won
On a rain-lashed Thursday afternoon in early February, the departure lounge at Southend Airport is empty. There are just two flights taking off from the terminal 36 miles east of central London that once aspired to break into the top tier of British aviation. Away from the tarmac, the near-deserted site in Essex is at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s attempts to claw back social security payments worth tens of millions of pounds for its workers in the UK have become a sticking point in trade talks between the two countries. Kemi Badenoch, Britain’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government was adamant on Friday that it would not accept plans from the judiciary that would have rolled back Prime Minister Rishi Sunak’s pledge to exonerate victims in the Post Office Horizon scandal
In this article FLNC Follow your favorite stocksCREATE FREE ACCOUNT Rows of cabinets containing lithium ion batteries supplied by Fluence, a Siemens and AES Company, are seen inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long Beach, California on September 16, 2022.
Municipals ended the week quieter than they began it with a mostly steady to firmer tone in spots Friday, outperforming U.S. Treasuries, which saw small losses. Equities were mixed at the close. Tax-exempt yields have moved higher with Treasuries, but outperformed on the whole, while municipal to UST ratios have been “largely moving sideways” in
Bit Brother, a Chinese tea retailer that has branched out into cryptocurrency mining, is an unlikely candidate to top the trading leader boards in the vast US stock market. But for the past two months an average of 572mn shares in the lossmaking firm, whose market value is less than $2mn, have changed hands each
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oops, they did it again. For what feels like the 100th time in the past couple of years — honestly I lose count — investors have embarked on a big rethink on what happens next
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Democrats sought to rally around Joe Biden on Friday after they were left reeling by a special counsel’s report that cast the US president as a “well-meaning, elderly man with a poor memory”. As the
The direction of interest rates will have the greatest impact on the municipal bond market this year, according to a vote taken at The Bond Buyer’s 2024 National Outlook Conference in Manhattan on Thursday. Almost three quarters of respondents, 72%, said interest rates would have the most significant effect on the public finance industry in
The highway from the Belgian city of Namur to Brussels suffered a traffic jam like none other last week. Around 700 tractors and 1,500 farmers blocked the road, many staying for 36 hours. It was not an isolated event. Farmers who have been protesting across the EU for several months have dramatically escalated their actions
Sir Keir Starmer on Friday was accused of shredding his political credibility and his hopes of converting Britain to “clean power” by 2030, after the Labour leader junked the party’s flagship £28bn green investment plan. The slow-motion scrapping of Starmer’s most expensive policy was ridiculed by Conservative Prime Minister Rishi Sunak, who said Labour’s plan
The honeymoon phase for environmental, social and governance considerations in the municipal market is beginning to wane, giving way to a more thorough and dynamic vision for how issuers and market participants can deal with the hotly-politicized concpept. ESG was building steam before the pandemic, but has now become so overly-politicized that banks, underwriters and