At Legal & General’s annual meeting in May 2022, a shareholder took to the floor to air some grievances — not about the performance of the FTSE 100 insurer but that of KPMG, its auditor. “Don’t we as a company with an enormous reputation deserve to have auditors of the very highest reputation too,” he
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The world’s biggest economies have signalled weakening support for Ukraine, issuing a joint declaration that watered down previously agreed criticism of Russia’s war against the country and included only a broad reference to
Donald Trump’s social media company is in advanced talks to buy Bakkt, a cryptocurrency trading venue owned by Intercontinental Exchange, as it pushes to expand beyond online conversation. The US president-elect’s Trump Media and Technology Group, in which he has pledged to retain his 53 per cent stake, is closing in on an all-share purchase
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The Port Authority of New York and New Jersey plans to replace the AirTrain system at Newark International Airport, and project costs are skyrocketing.Bloomberg News Newark Liberty International Airport’s long-awaited train system has blown past its budget by $1.45 billion to $3.5 billion. The Port Authority of New York and New Jersey voted Thursday to
Santa Barbara, California, will tap the municipal bond market this week, largely to fund a new police headquarters.Adobe Stock One of Southern California’s wealthy cities is tapping the municipal bond market to build a new police station and renovate an oceanfront park. Santa Barbara — where the median home sells for roughly $2 million —
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US has said it would warn the Turkish government that there could be “no more business as usual” with Hamas after members of the Palestinian militant group’s political leadership reportedly moved to
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. China’s biggest technology groups are building artificial intelligence teams in Silicon Valley, seeking to hire top US talent despite Washington’s efforts to curb the country’s development of the cutting-edge technology. Alibaba, ByteDance and Meituan have
<img src=”https://public.flourish.studio/visualisation/20361427/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Monday as U.S. Treasury yields fell slightly and equities ended mixed. Munis have held up much better than USTs with recent market volatility, said Jeff Timlin, a partner at Sage Advisory. Market participants do not usually use munis “to make extremely skilled tactical moves that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel struck a “specific component” related to Iran’s nuclear programme last month, Prime Minister Benjamin Netanyahu said on Monday, despite pleas from the US to contain its retaliatory air strikes on the Islamic republic. Israeli
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Sir Keir Starmer has declined to rule out allowing Ukraine to use UK-made Storm Shadow cruise missiles for strikes inside Russia, after President Joe Biden authorised the use of US-supplied long-range weapons. The
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Moody’s and Fitch said the airport would retain comparatively low leverage ratios even after it completes its expected capital plan bond sales in the next few years. AdobeStock Greater Orlando Aviation Authority’s senior bonds were upgraded to Aa2 by Moody’s Ratings, AA by Fitch Ratings and AA-plus by KBRA and its subordinated bonds were upgraded
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Heightened regulatory scrutiny of deals where insurers offload some of their risk to private equity-owned companies is “welcome” to ensure the transactions do not create problems for the industry, the outgoing chief executive of insurer
Stay informed with free updates Simply sign up to the European economy myFT Digest — delivered directly to your inbox. Europe will not be able to afford its generous welfare state provision and increased investment in defence and in tackling climate change unless the region fixes a persistent decline in growth, the European Central Bank’s
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world From heavy artillery to fighter jets, each shift by the Biden administration to provide Ukraine with more potent weaponry has traced a similar path. Months of soul-searching about possible Russian escalation are followed
In this article HSIC Follow your favorite stocksCREATE FREE ACCOUNT Robert F. Kennedy Jr. attends a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Milwaukee, Wisconsin, U.S. November 1, 2024. Joel Angel Juarez | Reuters Dental care supplier Henry Schein advanced in Monday trading as investors bet that Robert F.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US will bear the brunt of any attempt by president-elect Donald Trump to decouple economically from China, a senior Beijing adviser has warned, citing the reliance on low-cost Chinese parts of American manufacturers including
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is director of regional security at the International Institute for Strategic Studies and co-editor of the newly-released ‘Turbulence in the Eastern Mediterranean: Geopolitical, Security and Energy Dynamics’ With the world understandably focused on the