Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has said Labour could further reduce the amount it had pledged to borrow for the party’s flagship “green prosperity plan”, even as he called the scheme an essential “investment in the future”.
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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. Inflation is expected to have jumped back up across much of Europe, casting doubt over investors’ hopes that the European Central Bank will start cutting interest rates as early as March. French figures released on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British politicians should be wary of provoking a backlash in financial markets by increasing borrowing too quickly, the outgoing head of the UK’s Debt Management Office has said, ahead of a general election expected this
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It could be a question in the “economic influences on business” section of the US exam to qualify as a certified public accountant: if it were cheaper and easier to become a CPA, would there
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. By the Christmas of 1972, the deadline had long passed. All remaining Asians in Uganda were in effect stateless. For some 50,000 lucky to escape following dictator Idi Amin’s 90-day expulsion order, the attempt to
The year gone by played out as if the pandemic had never happened. The widely anticipated global recession never came. Markets surged. Disinflation was the buzzword. The post-pandemic world unexpectedly resembled 2019 — the year before the coronavirus brought life to a standstill. Yet in the end, 2023 was a reminder that most years turn
Stay informed with free updates Simply sign up to the Asia-Pacific companies myFT Digest — delivered directly to your inbox. The fish and vegetable market in Wajima has been in pretty much constant operation for the past 1,000 years: a talisman of commercial resilience and a jewel of the Noto peninsula. Today, the streets lie in
Japanese manufacturing activity shrank by the most in 10 months in December, as demand ebbed in Asia’s largest advanced economy. The au Jibun Bank Japan manufacturing purchasing managers’ index came in at 47.9, the lowest reading since last February and well below the 50-point threshold that separates expansion from contraction. Weaker domestic and overseas demand
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has asked the US Supreme Court to overturn a decision to ban him from Colorado’s presidential primary ballot, setting the stage for the nation’s highest court to decide whether states can stop him
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The influential leader of Lebanese militant group Hizbollah on Wednesday warned Israel that it would retaliate following the killing of a senior Hamas leader in Beirut, saying the “crime” will “not go unpunished”. Hassan Nasrallah
Most Federal Reserve officials wanted to keep borrowing costs high “for some time”, according to minutes of their meeting in December, adding to doubts that the US central bank is poised to begin cutting interest rates as early as March. While officials expressed optimism that the Fed was quelling inflation, they were also careful not
North Las Vegas, Nevada, this week had its long-term issuer default rating upgraded to A-minus from BBB-plus by Fitch Ratings as the city’s ratings continue an upward climb after falling to junk a decade ago. The city of 280,543 had been on the fiscal comeback trail since it fought off insolvency in 2014, even seeing
Municipals were little changed Wednesday, while U.S. Treasury yields fell slightly and equities ended the session down after the Federal Open Market Committee’s December meeting minutes offered little insights into future rate cuts. The two-year muni-to-Treasury ratio Wednesday was at 56%, the three-year at 58%, the five-year at 58%, the 10-year at 58% and the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Walt Disney has won the support of investor ValueAct Capital, as the entertainment company gears up for a fight with activist Nelson Peltz over how to boost profits and lift its share price. San Francisco-based
As D.C. and Virginia vie to be the location for professional hockey and basketball teams, the D.C. Council Chairman on Tuesday proposed a new fund that would siphon extra money not used for ongoing debt service into maintenance requests for National’s Park, home of the city’s professional baseball team. The Ballpark Budget and Maintenance Amendment
The Puerto Rico Oversight Board issued a revised proposed Puerto Rico Electric Power Authority plan of adjustment that incorporates a recent deal with unsecured creditors, which sets aside $254 million more to pay them than the prior plan did. The revised plan of adjustment, if approved, would pay off unsecured creditor claims using a combination
Nearly half of U.S. states have sued to block a Biden administration rule requiring them to reduce transportation-related greenhouse gases, arguing the administration lacks authority to impose the rule and that it would force them to “contort transportation investment decisions” to reduce emissions. Attorneys general from 21 states filed the lawsuit Dec. 21. Separately, Texas
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK statistics watchdog is investigating the government’s claim to have “cleared” the so-called legacy backlog of asylum cases. Rishi Sunak said on Monday that he had met his pledge to process by the end
Arizona’s universal school voucher program would face greater oversight and restrictions under proposed legislation unveiled by Gov. Katie Hobbs Tuesday. Citing a projection the empowerment scholarship accounts (ESA) will cost the state nearly $1 billion this fiscal year, the Democratic governor called for increased accountability and transparency. ”Arizonans deserve to know their money is being
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Liberal Democrats are attempting to force a UK general election in May as the party gears up to focus its limited resources on a few dozen target seats predominantly across the south of England.
Since the Florida Legislature approved reforms to the state’s insurance industry this year, the state Office of Insurance Regulation has given approval for six additional property and casualty insurers to enter the market, Commissioner Michael Yaworsky said Friday. The OIR has responsibility for regulation, compliance and enforcement of statutes related to the business of insurance