Argentina’s poverty rate reached 40.1 per cent in the first half of 2023, as the South American economy descended into its worst crisis in two decades. The figure, released by Buenos Aires on Wednesday, comes four weeks ahead of Argentina’s high-stakes presidential election. The poverty crisis is at its worst since the height of the
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Receive free US Treasury bonds updates We’ll send you a myFT Daily Digest email rounding up the latest US Treasury bonds news every morning. US stocks and government bonds are on course for their worst month of the year as investors respond to the US Federal Reserve’s message that interest rates are set to stay
Receive free Meta Platforms updates We’ll send you a myFT Daily Digest email rounding up the latest Meta Platforms news every morning. Meta is launching artificial intelligence-driven persona chatbots across Instagram, Facebook and WhatsApp and giving developers the power to create their own versions of AI assistants, as the US tech giant seeks to drive
Receive free Outlook updates We’ll send you a myFT Daily Digest email rounding up the latest Outlook news every morning. What do emails smell like? My visit to a new exhibition at London’s Design Museum suggests they give off a woody scent with a strong hint of juniper. Or perhaps, as Christian Widlic, the force
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Oil prices surged nearly 3 per cent to a fresh 10-month high on Wednesday, approaching $100 a barrel, as lower than expected US stockpiles added to concerns over the impact of tighter global supplies of
Receive free GB News updates We’ll send you a myFT Daily Digest email rounding up the latest GB News news every morning. GB News, the broadcaster backed by hedge fund boss Paul Marshall, has suspended Dan Wootton, one of its most popular hosts, after airing sexist comments made by actor Laurence Fox about a female
Receive free UK public finances updates We’ll send you a myFT Daily Digest email rounding up the latest UK public finances news every morning. Four years ago, I was seduced by the idea that the UK should adopt a new fiscal rule based on assets as well as debt. Running the public finances with the
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. So the “real Rishi” turns out to be more like the abominable no-man. The main feature of the prime minister’s strategic reset is ditching Conservative promises he now considers to be undeliverable. From
Receive free UK financial regulation updates We’ll send you a myFT Daily Digest email rounding up the latest UK financial regulation news every morning. The UK’s top financial regulator is preparing to launch a sweeping review of valuations in private markets, according to people familiar with its plans, amid growing fears over the impact of
Receive free UK energy updates We’ll send you a myFT Daily Digest email rounding up the latest UK energy news every morning. UK regulators have approved plans for a vast new oilfield in the North Sea, sparking immediate objections from climate campaigners. The North Sea Transition Authority on Wednesday gave the go-ahead to Norwegian company
Receive free PricewaterhouseCoopers (Australia) updates We’ll send you a myFT Daily Digest email rounding up the latest PricewaterhouseCoopers (Australia) news every morning. PwC’s Australian partners overlooked rule-breaking by “rainmaker” colleagues in the pursuit of revenue growth, according to a damning report on a scandal involving the misuse of government tax secrets. The independent report, released
Six weeks into the UK’s first pandemic lockdown, employees at the British engineering group Dyson received an email from chief executive Roland Krueger. The UK campus, a sprawling complex in rural Wiltshire, had “reopened”, said the May 15 2020 email. The government had announced five days earlier that people who were unable to work from
Receive free JPMorgan Chase & Co updates We’ll send you a myFT Daily Digest email rounding up the latest JPMorgan Chase & Co news every morning. Sometimes the only way to win is not to play. JPMorgan Chase has learnt the hard way that this advice applies not just to nuclear conflict in the film
Linda Yaccarino was in full flow when a text message from a friend stopped her in her tracks. It was May 11 and the head of global advertising for NBCUniversal was rehearsing for upfronts, the annual showcase of forthcoming television programming designed to woo marketers. The event, due to take place four days later at
This summer the pretty, peaceful town of Görlitz in eastern Germany was roiled by its biggest demonstrations in years. The trigger — a scuffle at a high-school graduation party. What began as a fight at a popular disco, the L2 Club, quickly escalated into unrest that appeared to capture Germany’s political divisions over migration. While the
Retail theft is not a “major issue” at Costco, the company said on Tuesday after it beat Wall Street’s expectations for earnings. Richard Galanti, the company’s chief financial officer, told analysts that shrink — an industry term that covers shoplifting, employee theft, organised retail crime and process mistakes — has increased by a few percentage points
Receive free Donald Trump updates We’ll send you a myFT Daily Digest email rounding up the latest Donald Trump news every morning. Donald Trump, his oldest sons and his business organisation are liable for orchestrating a “persistent and repeated fraud” in which they vastly inflated the value of properties in Manhattan and Florida, as well
Your browser does not support playing this file but you can still download the MP3 file to play locally. The US dollar has been on a tear, just reaching a six-month high. It might be a sign investors and traders are getting used to the idea that US interest rates will be “higher for longer.”
Receive free Renewable energy updates We’ll send you a myFT Daily Digest email rounding up the latest Renewable energy news every morning. One of Britain’s largest onshore wind developers has said it is halting development of its biggest project to date due to rising costs and the government’s windfall tax on green power. Community Windpower
Receive free Amazon.com updates We’ll send you a myFT Daily Digest email rounding up the latest Amazon.com news every morning. The US Federal Trade Commission and 17 states sued Amazon, alleging the online retailer illegally uses monopoly power to overcharge consumers, hobble competitors and exploit sellers on its marketplace. The landmark lawsuit, filed on Tuesday,
Receive free JPMorgan Chase & Co updates We’ll send you a myFT Daily Digest email rounding up the latest JPMorgan Chase & Co news every morning. JPMorgan Chase said on Tuesday it had agreed settlements with the US Virgin Islands and Jes Staley to resolve legal battles over its dealings with Jeffrey Epstein’s human trafficking