The onset of the COVID-19 pandemic and shutdowns in 2020 to combat the virus’ spread emptied offices nationwide and Southwest cities are not immune to the lingering effects, which could impact their property tax collections. The return to offices around the U.S. has been gradual as many employees embraced a lifestyle free from commuting. Full
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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. Last autumn, Rishi Sunak stopped pretending that HS2 was a conscionable use of finite public resources. He wasn’t thanked. In fact, for scrapping the Birmingham to Manchester leg of the high-speed rail line, the prime
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Sentiment analysis is tablestakes quant stuff these days. Any slack-jawed yokel with a Bloomberg terminal can now systematically parse and trade central banker comments or newspaper chatter. However, most only use exhaust from social media,
UK ministers are examining plans for a blanket exoneration of hundreds of sub-postmasters wrongly convicted in what has been described as the biggest miscarriage of justice in modern British history. Justice secretary Alex Chalk will this week discuss with senior members of the judiciary swifter redress for those prosecuted by the Post Office for theft
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in recruitment group Hays fell by almost a fifth on Tuesday after it warned that its half-year profits were likely to come in below expectations. The UK-based company blamed a “clear slowdown” in global
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is international policy director at Stanford University’s Cyber Policy Center and special adviser to the European Commission After years of wrangling, a global minimum corporate tax rate of 15 per cent is finally
The 230-tonne metal cylinder emits a roaring hum as it spins at 600 revolutions per minute, driving a pump buried underground that brings new meaning to the idea of pushing water up a hill. Far from the analogy of an impossible task, it is the core of a Portuguese power plant aiming to show that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bain & Company has picked the head of its European private equity advisory business to be its next global chief executive, as the consulting group deals with an industry slowdown and the fallout from a
In Jiaxing, a manufacturing town on the outskirts of Shanghai, 400 steel industry executives and engineers gathered last November to tackle an enormous task: weaning the world’s biggest steel producer off coal-fired blast furnaces. The subject is of burning political urgency. The Chinese government is trying to decarbonise a sector that relies heavily on coal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The hunger for appetite-suppressing drugs remains unsatiated. Weight loss treatments are tipped to rake in $80bn a year by 2030. Danish pioneer Novo Nordisk and rival Eli Lilly have made the running. But others are
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Substack is to email newsletters what Hoover is to vacuum cleaners in the UK and Colgate to toothpaste in Zambia: none of the companies involved created the original product, but they did so much to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ryanair boss Michael O’Leary has called on Boeing to improve quality control, warning his airline’s profits will fall and fares will rise because of manufacturing issues plaguing the US group and its rival Airbus. Both
In last year’s Independence Day speech at the Red Fort in Delhi, Narendra Modi made a bold pledge: India would become a developed economy by 2047, when it celebrates 100 years since its founding. The country had three things in its favour, the prime minister declared: “demography, democracy and diversity”. The vow would have seemed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior figures in the Hizbollah and Hamas militant groups were killed on Monday in separate incidents, the latest in a spate of deaths attributed to Israel that have fuelled fears of a wider conflagration in
Tech stocks surged on Monday, bouncing back after blue-chips slumped last week to end a nine-week bull run. The tech-heavy Nasdaq Composite rose 2 per cent on Monday afternoon, heading towards its best day since mid-November as chipmaker Nvidia led the Magnificent Seven group of tech stocks with a 5.5 per cent gain. The benchmark
In this article MDLZ KHC NES.N-CH ULVR-GB Follow your favorite stocksCREATE FREE ACCOUNT A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Investors have cheered a new class of weight loss drugs for their ability to help people shed unwanted pounds, but the findings
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Airlines has found loose bolts on some plugged doors of its grounded 737 Maxes, threatening to widen Boeing’s problems as it expands public scrutiny beyond the single plane that suffered a mid-air blowout on
Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
Munis were weaker Monday ahead of a $9 billion new-issue slate and the first full week of 2024 while U.S. Treasury yields fell and equities ended up. Munis “continue to be expensive when compared to Treasuries, falling well below the average of 85% for 10-year munis,” said Jason Wong, vice president of municipals at AmeriVet
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The lunar mission that was to have returned the US to the Moon for the first time in 50 years appeared to be in jeopardy after a failure in the propulsion system resulted in a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers. Spirit, which built the door panel that blew out