A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure
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Saudi Arabia’s sovereign wealth fund has committed more than $2bn to new long-term football sponsorship deals this year in a sign of the kingdom’s growing ambitions in the world’s most popular sport. The Public Investment Fund said in its most recent financial statement that it had entered into sponsorship agreements “with multiple football clubs amounting
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5 Belgrave Square, a stucco-fronted mansion complete with pillared portico, is one of London’s most exclusive addresses, overlooking leafy gardens and nestled between grand embassies and other private residences. Once home to Sir Henry “Chips” Channon, a US-born Conservative MP whose diaries published during the 1960s were a source of scandal about British high society,
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On a bus for a “pilgrimage” to the grave of renowned Iranian commander Qassem Soleimani, Hoda overheard others discussing what they would pray for when they reached “the holy site”. Their words made clear to
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Clean-energy stocks and exchange-traded funds are on a tear this year, sharply outperforming the broader market and traditional fossil-fuel investments. The clean-tech ETFs with the most powerful year-to-date rallies include Invesco Solar ETF TAN, -2.75%, up 81% through Thursday; First Trust NASDAQ Clean Edge Green Energy Index Fund QCLN, -1.84%, up 58%; and iShares Global
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Two proposed rulemakings from the Labor Department in the past eight weeks would largely gut sustainable investing options and strategies in retirement plans. These proposals would reverse the Labor Department’s 2015 and 2016 guidance while ignoring the growing consensus among academics, retirement plan fiduciaries and professional money managers that responsible companies are likely to outperform
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ten years ago this summer, I was on a family holiday in Mallorca. Four weeks after I became chancellor of the exchequer, the economic waters seemed as calm as the Mediterranean.  Dispatched to buy the
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In Richard Desmond’s hands, simple objects become terrifying. There’s the receptionist’s bell that he uses to interrupt executives in board meetings, or the cups of tea that occasionally fly over underlings. For me, the terror begins when he picks up the wine list. This is Coq d’Argent, a rooftop restaurant overlooking the Bank of England.
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