The John A. Blatnik Bridge links Superior, Wisconsin to Duluth, Minnesota, curving across the Saint Louis River between the two cities. But over its 62 years, rust and structural decay have taken a toll on the 7,975-feet-long steel span. So the Minnesota and Wisconsin departments of transportation, which co-own and operate the bridge, are planning
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Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Uncertainty over the state of the UK’s labour market will force the Bank of England to wait longer before it can safely conclude inflation is on the way down and cut interest rates, according
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP has become the first oil major to pause all shipments through the Red Sea, citing a “deteriorating security situation” because of escalating Yemeni rebel attacks on ships passing through a route that handles about 10
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Freshfields Bruckhaus Deringer’s former global head of tax told a Frankfurt court he “totally failed” as a lawyer and “glossed over the fact that my legal advice was used for illegal means”, as he stands
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever has announced it will sell a group of more than 20 brands including Q-tips, Timotei shampoo and Impulse body spray to private equity group Yellow Wood Partners, the latest in a series of sales
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine goes into the new year short of ammunition, money and diplomatic support. Underlying these critical shortages, there is another important deficiency. The country and its western backers no longer have a convincing theory
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. A top official at the Federal Reserve has warned that financial markets had jumped “a little bit ahead” by pencilling in early interest rate cuts next year, the latest attempt by the US central
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. China has cut back on “dangerous” fighter jet intercepts against US aircraft since last month’s summit meeting between presidents Joe Biden and Xi Jinping, according to the top US military commander in the Indo-Pacific region.
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Sign up here to get it sent straight
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy “It turns out that inflation was transitory after all; it just took longer.” Such a view is being heard a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amid all the excitement about inflation falling and the cautiously optimistic COP28 deal, last week’s report from the OECD into international financial literacy levels unsurprisingly garnered few headlines. And yet for most people the humble
Rosanne Wong should be enjoying a year of recovery at her four cigar shops in Hong Kong, after three years of Covid restrictions were finally lifted at the start of the year and traditionally high spending mainland Chinese tourists returned. Hand-rolled Cuban cigars have been in high demand — prices for some of the most-sought
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak was quick to declare victory in November when he met his goal of presiding over a halving of inflation. But the prime minister had less room for rejoicing over one of the other
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era worth trillions of dollars support for struggling businesses. Following a decade of decline the number of
For a man confronting the darkest situations on Earth, Martin Griffiths retains a surprising light touch. “God, I’d love to do this off the record — but I won’t,” he says, followed by a laugh, near the start of our interview. He later explains his right eye is bruised after an incident with a table
As we approach the Christmas break there are plenty of items left in the hamper to keep you reading the Financial Times. First, there are election results to digest, starting with Egypt. Sitting President Abdel Fattah al-Sisi is expected to be a shoo-in, largely, say opposition candidates, because of problems they have had getting heard.
Singapore city skyline on September 18, 2016. Rustam Azmi | Getty Images News | Getty Images Asia’s family offices used to have a far bigger appetite for risks compared to their global counterparts — but that could be changing, according to a recent survey. A Citi Private Bank global survey in the third quarter of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy’s rightwing prime minister admitted on Sunday that she had not been able to fulfil her campaign pledge to curb the inflow of irregular migrants, calling migration “the most complex phenomenon I’ve ever had to
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The head of the IMF has urged Ukraine’s allies to rapidly unlock tens of billions of dollars for the country, as she warned delays in providing the extra funding would jeopardise Kyiv’s tentative economic
At first the tunnel sloped gently downhill, and there was enough natural light to see the concrete-reinforced walls, dodge the tangle of electric cables and avoid the ventilation pipe hanging loosely from a wall. But only 30 metres inside, the shadows thickened, the air grew hot and clammy, and the tunnel began a sharp descent
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. We tend to think about the economy in binary terms. Recession: yes or no? Will markets be up or down? Will interest rates rise or fall? The answer to the latter question, at least in