Fresh off two successful municipal bond sales, the city of New York plans to keep moving ahead with the bond issuance that funds its capital program. On June 1, the city sold $1.56 billion of general obligation bonds in a deal comprised of $1.41 billion of tax-exempts and $151 million of taxables. Proceeds refinanced outstanding bonds for savings. The city
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The writer is former Deputy Supreme Allied Commander Europe and author of ‘War with Russia’ Truly, the horsemen of the apocalypse have descended upon Ukraine. With the Kakhovka dam breach, Russia has seemingly added a grotesque act of environmental terrorism to brutal occupation, the continuing loss of a generation of young Ukrainian men and women
The White House released new details of deepening co-operation between Russia and Iran on military drone production, including the supply route Iran uses to send its unmanned aerial vehicles (UAVs) to the front lines in Ukraine and the site of a possible Russian factory to produce them. The information is part of a steady stream of
damircudic | E+ | Getty Images The Federal Reserve is likely to temporarily pause its aggressive interest rate hikes when it meets next week, experts predict. But consumers may not see any relief. The central bank has raised interest rates 10 times since last year — the fastest pace of tightening since the early 1980s — only
Odey Asset Management has lost another key relationship, as French brokerage Exane decided to cut ties with the hedge fund after a Financial Times investigation alleged its founder Crispin Odey had sexually assaulted or harassed 13 women. The hedge fund has told clients it is in “active discussions” with all of its service providers as
“Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK (Aa3 negative) housing market,” Moody’s Investor Service said in a report. Matt Cardy | Getty Images News | Getty Images LONDON – The U.K.’s biggest bank temporarily withdrew mortgage deals via broker services on Thursday, as the effect of
James Molloy, head of municipal banking at Citigroup Global Markets for the past five years, will soon be leaving to pursue a long-time career objective of working in the non-profit sector. Dan Tomson and Paul Creedon, co-heads of public finance at Citi, will take over Molloy’s responsibilities and will serve as co-heads of municipal banking.
Apple finally revealed the $3,499 Vision Pro, its long-awaited “mixed reality” headset, this week. It conjured up many descriptions — a “spatial computer that seamlessly blends digital content with the physical world”, a “personal movie theatre with a screen that feels 100 feet wide” — but one word remained glaringly absent: “metaverse”. The metaverse, a
François Hollande has a ring on his finger, and he’s proud to show it off. Recently married for the first time, the former French president, whose colourful love life was among the many distractions in a spectacularly unpopular presidency, feels liberated. Six years have passed since his fateful decision not to seek re-election in the
Shopping carts outside a Target store in the Queens borough of New York, US, on Saturday, May 13, 2023. Target Corp. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Tesla, General Motors — Both carmaker stocks were climbing
Kraken NFT marketplace exits its beta phase Crypto exchange Kraken has announced that its nonfungible token (NFT) marketplace has exited its beta phase. Along with the launch, the NFT platform highlighted it had expanded its number of NFT collections from 70 to over 250. According to Kraken, it will continue adding more collections to its marketplace.
So here’s a thought. Instead of pushing ahead with a technology that its leading inventors say could soon have the power to kill humans, how about not pushing ahead with it? This radical notion is prompted by a warning from the man setting up the prime minister’s artificial intelligence task force. Matt Clifford observed that,
After news broke on Tuesday that the Barclay family’s titles might be seized by Lloyds Banking Group, there was a sense of shock for some in the Telegraph newsroom. “I haven’t quite woken up to the fact that we no longer report to a Barclay for the first time in 20 years,” said one senior
On June 9, the European Union’s Markets in Crypto-Assets (MiCA) legislation was published in the Official Journal of the European Union (OJEU). This triggers the countdown for the law to come into effect from Dec. 30, 2024. The regulations, signed into law on May 31 after first being introduced in 2020, aim to create a consistent regulatory framework for
Legendary British rock star Rod Stewart is saying goodbye to his sprawling Los Angeles mansion. Listed for a whopping $70 million, the estate is located in the prestigious gated enclave of North Beverly Park, known as one of the most expensive communities in the city. The estate was custom-built for Stewart in the late 1990s
At the dawn of the Cable News Network, back in 1980, founder Ted Turner had his team film a military band’s rendition of Nearer, My God, to Thee. The hymn, also played as the Titanic was swallowed up by the Atlantic Ocean, was to be the last thing CNN aired in the event of the
Bitcoin (BTC) may be in line for 60% upside if a long-term chart feature stays intact. In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart. Weekly Bitcoin price chart keeps $40,000 on the table With Bitcoin still wedged in a narrow trading range
UBS has finalised an agreement with the Swiss government that will provide the bank with up to SFr9bn ($10bn) to protect it from losses on the rescue of Credit Suisse. The loss protection agreement is the final hurdle for UBS to cross before completing the takeover early next week. In talks with Swiss authorities over
European stocks slipped at the open on Friday as traders were cautious ahead of the policy meetings of key central banks next week, while the Turkish lira hit a fresh low after the appointment of new central bank governor. Europe’s region-wide Stoxx 600 shed 0.1 per cent while France’s Cac 40 fell 0.2 per cent.
Stablecoin issuer Tether (USDT) has reached into its own war chest to invest in El Salvador’s $1 billion renewable energy project to help drive Bitcoin (BTC) adoption in the Central American nation. The firm responsible for issuing USDT across cryptocurrency markets is one of a handful of companies investing in El Salvador’s renewable power generation project.
The UK government has introduced a price floor for the windfall tax on oil and gas producers, arguing that it is necessary to support investment and boost the country’s energy security. The tax rate, which was raised to 75 per cent last year at the peak of the energy crisis, will revert to the pre-crisis