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Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. Waiting for the Tube, I see a poster for an upmarket gym chain. Locations? “City of London. High Street Kensington. Dubai.” What a shame to choose a setting that is so disfigured with bad
Early this May, an airline pilot, two entrepreneurs and a government minister will wait for the call to mobilise. The British group’s gear will already be at Everest base camp alongside Lukas Furtenbach, an Austrian mountain guide. As soon as he declares that a weather window is about to open, his clients will dash to
“Quis custodiet ipsos custodes?” is the important question posed by the Roman poet Juvenal, translated by the English author Alan Moore as “Who watches the watchmen?”. But it is perhaps a question with a complacent implicit assumption. It presupposes that it is possible to watch the watchmen — and all that one needs to do
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The IMF has warned that jitters surrounding Donald Trump’s threat to impose trade tariffs were driving up longer-term borrowing costs and would add to pressures facing the global economy in 2025. Speaking to
“The risks to the budget we are facing include stock market volatility, uncertainty around federal policy and tariffs, which could have some impact on California,” said Finance Director Joe Stephenshaw.California Department of Finance The devastating fires affecting Los Angeles took center stage Friday when California’s finance director presented Gov. Gavin Newsom’s proposed $322.2 billion budget.
<img src=”https://public.flourish.studio/visualisation/21116027/thumbnail” width=”100%” alt=”chart visualization” /> Municipals could not ignore the sharp selloff in U.S. Treasuries Friday following the hotter-than-expected jobs report as both markets saw losses across the curve. Equities also closed with large losses as more market participants expect the data to temper Federal Reserve rate cuts. The December jobs report took a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The wealthy are accustomed to choosing private healthcare and private schooling, but now private divorce is an option too. Thanks to intense delays in waiting for court appointments and unwanted publicity once they get them,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government is drawing up fresh growth initiatives in an effort to avoid “disastrous” tax increases after a punishing week in the markets that threatens to derail its policy agenda. UK borrowing costs climbed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chair of a cross-party group of MPs has written to the heads of the UK’s financial watchdog and the London stock exchange to raise concerns about fast-fashion group Shein ahead of its planned IPO.
Consumers face a darkening outlook across their borrowing and investments due to a UK debt market sell-off that has deepened since the new year. Yields for UK government bonds, or gilts, along with US Treasuries and other sovereign bonds, have risen as investors expect interest rates will remain higher for longer due to stickier-than-expected inflation.
Sir Keir Starmer met a senior member of Bangladesh’s ousted ruling party last month, despite the Awami League facing accusations of embezzlement and of allowing its security forces to kill protesters. The UK prime minister met Anwaruzzaman Chowdhury, the ousted mayor of the city of Sylhet and a key party figure, at a dinner held
John Miller joined the boutique firm First Eagle Investments in late 2023 where launched a high-yield fund that climbed to $5 billion the first year with returns of almost 12%.First Eagle First Eagle Investment’s new high-yield municipal bond fund ballooned from scratch to more than $5 billion in its first year — and generated market-beating
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US Supreme Court justices appeared sceptical about TikTok’s efforts to throw out a federal “divest-or-ban” law on Friday, as the social media platform warned it could “go dark” in one of its biggest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When bond markets get sticky, it is unhelpful to be the ugliest horse in the glue factory. Sadly, that is the role now performed by the UK. It has been a grim start to the
East High School in Denver. Moody’s Ratings upgraded Denver Public Schools’ general obligation ratings ahead of an $806 million bond sale later this month.Adobe Stock Denver Public Schools will sell more than $800 million of bonds later this month, buoyed by a ratings boost from Moody’s Ratings, which cited the district’s strong management for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brompton has warned against axing tariffs on Chinese bicycles and parts as the UK’s largest bike manufacturer predicted that cheaper imports could “kill” the business. The UK government is reviewing tariffs inherited from the EU
Meta CEO Mark Zuckerberg shrugged off criticism that his new policy that does away with third-party fact-checking and censorship will alienate users — insisting that anyone who quits company platforms Facebook, Instagram and Threads would be “virtue signaling.” Zuckerberg responded to a post on Threads that criticized him for Tuesday’s decision, with many calling him
Here in the U.S., the House of Representatives voted to sanction the International Criminal Court after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former military chief Yoav Gallant for war crimes and crimes against humanity. Forty-five Democrats joined 198 Republicans to approve the “Illegitimate Court Counteraction Act.”
President-elect Donald Trump’s threat to slap Denmark with tariffs to force its hand in giving up Greenland could lead to higher prices for popular weight-loss drugs Ozempic and Wegovy as well as Lego toys, according to a report. On Monday, Trump said he would tariff Denmark at a very high level if it did not
US employers added a surprisingly strong 256,000 jobs in December — dimming hopes that the Federal Reserve will cut interest rates anytime soon. The blowout number from the US Bureau of Labor Statistics — a massive jump from the month before as hiring rebounded from strikes and major hurricanes — pushed back traders’ bets for
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