In Gaza, Israeli forces bombed tents housing displaced Palestinians west of Khan Younis overnight. It was one of several attacks that killed 70 people within 24 hours, according to Gaza’s Health Ministry. This comes as a new study in the medical journal The Lancet finds the true death toll in Gaza may be 40% higher
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Kohl’s, the struggling chain of department stores, said it will permanently close 27 “underperforming” locations in 14 states, including 10 in California alone as the company takes emergency measures to avoid bankruptcy. The company made the announcement in a press release that included a list of the locations that will be shuttered for good. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US economy blew past expectations to create 256,000 jobs in December, sending yields on long-term US government debt to the highest level since 2023 and pushing stocks to the lowest point since Donald Trump’s
In this aerial view taken from a helicopter, the Kenneth fire (below) approaches homes while the back side of the Palisade fire (above) continues to burn Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation
Patty Burns, a 93-year-old with a sparkling memory, has lived in the Pacific Palisades neighbourhood of Los Angeles for more than 60 years. She always kept a black suitcase filled with important documents at the ready, in case of a fire. On Tuesday, she needed it. Her daughter, who lives just up the road, arrived
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a technology entrepreneur and investor. In 2016, President Barack Obama told his staff that Donald Trump’s election victory was “not the apocalypse”. By any definition, he was correct. But understood
Daniel Wiles retired from Los Angeles County in December, but continues to serve on the Municipal Securities Rulemaking Board.MSRB Daniel Wiles has lived in southern California for more than two decades, but it hasn’t altered the ingrained humility of the Minnesota native. Wiles, who retired — mostly — from a long municipal finance career at
With Bitcoin’s increasing presence in traditional financial systems and speculation around a US BTC strategic reserve, some experts foresee a major supply shock during this cycle, potentially disrupting the 4-year cycle theory with extraordinary price growth. However, a new report indicates that such a supply shock is unlikely to happen in 2025. While Bitcoin’s halving,
Last week, President-Elect Donald Trump nominated Morgan Ortagus, a longtime State Department official, to serve as a deputy special envoy for Middle East peaceand immediately undercut her. Early on Morgan fought me for three years, but hopefully has learned her lesson, Trump wrote when he announced her hire on Truth Social. These things usually dont
When wildfires began ravaging Los Angeles yesterday, the story was familiar in many respects: In dry and windy weather, a small blaze can spread so fast and so far that no one can do anything to stop it, especially in terrain dense with brush and hard for firefighters to reach. Pacific Palisades, where the first
Apple denied its digital voice assistant Siri poses any privacy concerns — one week after it agreed to pay $95 million to settle a lawsuit tied to the software tool. Apple has never used Siri data to build marketing profiles, never made it available for advertising, and never sold it to anyone for any purpose,
Google and Microsoft are each donating $1 million to President-elect Donald Trumps inaugural fund joining a slew of tech companies bankrolling the celebrations as they seek to garner support from the incoming administration. Google and Microsoft confirmed the donations with The Post. Google is pleased to support the 2025 inauguration, with a livestream on YouTube
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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK government borrowing costs edged higher on Friday but remained below Thursday’s peak as investors await a key US jobs report later in the day. The 10-year gilt yield rose by 0.03 percentage points to
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Immigration lawyers in the UK say they have seen a rise in liberal Americans seeking to leave the US since Donald Trump’s election victory. Many making inquiries said they were worried about socially
Stock investors are brushing aside economists’ gloomy predictions about US president-elect Donald Trump’s economic policies, betting instead that his plans will boost corporate earnings and power the market higher. Wall Street’s S&P 500 benchmark soared to record highs last year and, although there has been a recent pullback, equity strategists have predicted gains of about
Standard Digital was €540 now €319 per year Save now on essential digital access to quality FT journalism on any device. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The world breached 1.5C of warming last year for the first time, top international agencies said, as an “extraordinary” spike in the global average temperature sparked fears that climate change is accelerating faster than expected.
China’s government bond market has opened 2025 with a clear warning for policymakers: without more determined stimulus, investors expect deflationary pressures to become even more entrenched in the world’s second-largest economy. China’s 10-year bond yield, a benchmark for economic growth and inflation expectations, fell to a record low of less than 1.6 per cent during
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has become the latest financial firm to bail out of a big climate change industry group in the wake of Donald Trump’s election as US president and heightened regulatory scrutiny. The world’s largest money
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Elon Musk heaped praise on the “very reasonable” co-leader of the far-right Alternative for Germany as she joined the technology billionaire for a discussion about Adolf Hitler, Donald Trump and the existence of aliens. In
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