Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. The OECD has warned central banks against cutting interest rates too fast, flagging the threat posed by “persistent” inflation in the price of services. The Paris-based organisation said in its latest global outlook that the
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Hours after Syrian rebels swept into Aleppo on Friday night, Abdulkareem Laila ventured into the city for the first time in eight years. The insurgents had set up checkpoints and imposed a curfew and the fighting with regime forces, whose ranks seemed to fold before the lightning offensive, had only just subsided. But Laila was determined
Just six hours elapsed between South Korean President Yoon Suk Yeol’s declaration of martial law on Tuesday night and his subsequent climbdown, leaving the country in political turmoil. As a hardline chief prosecutor serving under Moon Jae-in, his leftwing predecessor as president, Yoon oversaw the imprisonment of former conservative president Park Geun-hye and Samsung chair
There is little more comforting to the people of Kherson these days than the sight of bad weather. When clouds gather, rain pours and winds sweep through this southern Ukrainian city, locals take their cue to run errands — sensing a pause, at least temporarily, in the terror that has filled their skies. Kherson’s civilians
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Job interviews are laden with opportunities for humiliation. Who wants to describe their greatest weakness to a panel of peers? Or be made to feel like a quiz show contestant with brainteasers like “how many
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist investor Palliser Capital has stepped up its campaign for Rio Tinto to abandon its primary London listing, demanding an independent review of whether the miner should follow rival BHP and unify its corporate structure
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Claridge’s owner Maybourne is planning to nearly triple its number of hotels in the next decade, expanding into Paris, New York, Miami and Dubai to tap into booming demand for luxury travel. The company, which
The head of Germany’s Bundesbank has called on Berlin to soften its tough spending rules, warning that Europe’s largest economy faced a “complicated” and “weak” outlook. Germans are set to head to the polls in February, with the post-pandemic stagnation of Europe’s largest economy feeding into widespread voter discontent with Chancellor Olaf Scholz’s ruling coalition.
Cryptocurrencies representing a euthanised grey squirrel, a Thai pygmy hippopotamus and a cartoon dog have exploded in value since last month’s US presidential election, as Donald Trump’s victory triggers a surge in speculation in so-called memecoins. The market for tokens representing online viral moments has expanded rapidly since early November as traders bet that Trump’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s President Yoon Suk Yeol faced mounting calls for his impeachment on Wednesday after his failed attempt to impose martial law triggered the country’s worst constitutional crisis in decades. Opposition lawmakers called on him
Brightline won The Bond Buyer’s 23rd annual Deal of the Year award for its $3.2 billion recapitalization that represents a transformative moment in U.S. infrastructure financing. As the largest private-activity bond issuance and first investment-grade debt for American high-speed rail, this transaction, which also won Deal of the Year in the Innovative Financing category, restructured
Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. French state-owned energy giant EDF will keep four ageing nuclear power stations in Britain open for longer than planned, in a boost to the UK’s energy security. The company said two stations currently due to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government plans to take South Western Railway into public ownership in May, in the first nationalisation of the country’s passenger rail network under Sir Keir Starmer’s Labour administration. Ministers will step in once
Yoon Suk Yeol vowed that as South Korean president he would “rebuild this great nation” into one “that truly belongs to the people” when he delivered his inauguration speech in May 2022. Instead, his presidency has been marked by mounting unpopularity and political dysfunction, culminating on Tuesday in his declaration of martial law in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alex Mashinsky, the founder of collapsed cryptocurrency lender Celsius Network, pleaded guilty on Tuesday in a criminal case alleging that he misled investors about the company’s financial condition and used customer funds to manipulate the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has admitted nationalising British Steel is one option open to it if its efforts to rescue the Chinese-owned company fail in the coming months. But officials insist that taking the business into
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<img src=”https://public.flourish.studio/visualisation/20605532/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer amid a busy new-issue calendar, as U.S. Treasury yields were slightly weaker outside of five years and equities were mixed. Muni yields were bumped one to five basis points, depending on the scale, while UST yields rose up to three basis points out long. The two-year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korean President Yoon Suk Yeol has signalled he intends to back down from his threat to impose martial law, hours after triggering a political crisis in the east Asian country. Yoon, a hardline former
Representative Patrick McHenry, a Republican from North Carolina and chairman of the House Financial Services Committee, center, said Congressional oversight will be key to ensuring regulators get implementation of the Financial Data Transparency Act “right.”Al Drago/Bloomberg A Congressman who sponsored the Financial Data Transparency Act unpopular among many municipal bond issuers said cities worried about
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. 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
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