Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation slowed to 3.1 per cent in January, as the Federal Reserve considers how soon to begin cutting interest rates. Economists polled by Bloomberg had forecast annual consumer price inflation of 2.9 per cent,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Body Shop has appointed administrators for its UK arm, weeks after its new private equity owners took control of the business in a £207mn deal. The retailer, which has about 200 shops in Britain,
The days of booming job growth in Texas may be ebbing, according to the Dallas Federal Reserve, which expects the state to return to more normal growth of 2% this year. In their economic outlook for the Lone Star State released Friday, Dallas Fed economists projected the addition of 283,500 jobs in 2024, following gains
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has put the prime minister of Estonia, Kaja Kallas, on a wanted list, the first time the Kremlin has sought criminal charges against a foreign leader nearly two years since Moscow’s full-scale invasion
Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday Wages matter. Not just for living standards,
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The US Senate has approved a $95bn national security funding bill including new aid to Ukraine, but the legislation risks languishing in the House of Representatives because of opposition from Donald Trump. The
Stay informed with free updates Simply sign up to the Politics myFT Digest — delivered directly to your inbox. It might be useful to begin with a restatement of Ganesh’s Law. All actors in politics value “radicalism” apart from those who decide elections. Commentators demand it. Activists grow restless and mutinous without it. Politicians themselves
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia intends to double the number of its troops stationed along its border with the Baltic states and Finland as it prepares for a potential military conflict with Nato within the next decade, according
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK wage growth eased by less than expected in the three months to December, according to official data that will leave the Bank of England still looking for confirmation that inflation is falling. The annual
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Good news! The US has taken a decisive step towards racial harmony, per the 2020 census: the country has 20mn more people in the “multiracial” group than it did before, thanks to changes to how
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is international policy director at Stanford University’s Cyber Policy Center and special adviser to the European Commission The Wall Street Journal reported last week that OpenAI’s chief executive Sam Altman would seek up
Michael Heffner had owned his detached house a short drive from the seafront in Virginia Beach for exactly one year when his home insurer abruptly cancelled coverage. “They just dropped me,” says Heffner, a US Navy officer. “There was no, ‘Hey, do you want to stay on with us if we charge more?’ Nothing.” Scrambling
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Macquarie’s booming commodities business, who was paid more than JPMorgan chief Jamie Dimon and 75 per cent more than the Australian financial group’s own chief executive last year, is to leave this
Stay informed with free updates Simply sign up to the Professional services myFT Digest — delivered directly to your inbox. US law firm Latham & Watkins is cutting off automatic access to its international databases for its Hong Kong-based lawyers, in a sign of how Beijing’s closer control of the territory is forcing global firms
US stocks retreated from record high territory to close lower, with investors now turning their attention to the release of official US inflation data on Tuesday. The benchmark S&P 500 ended 0.1 per cent lower, having gained as much as 0.4 per cent in the morning to set a record intraday high. More than two-thirds
DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows over its ongoing property crisis, a top banking CEO said while onstage at Dubai’s World Governments Summit. “China’s biggest problem to me is a lack of confidence. External investors lack confidence in China and domestic
The Puerto Rico Electric Power Authority bankruptcy proceedings will not be paused despite a request from bond parties, U.S. District Court Judge Laura Taylor Swain said Monday. Though the First Circuit Court of Appeals is considering how bond parties’ liens on PREPA’s revenues should be treated in the bankruptcy, Swain said regardless of that court’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has asked the US Supreme Court to put on a hold a ruling that barred him from using presidential immunity as a shield against criminal charges accusing him of meddling in the 2020
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England is seeing signs of an “upturn” in the economy, its governor said on Monday, as he played down the significance of upcoming data some analysts say will show the UK was
The Alameda Transportation Authority sold over $216 million in revenue refunding bonds to restructure ACTA’s debt through a combined tender offer and debt restructuring plan. The bond sale allowed ACTA to reshape its profile to avoid projected debt service shortfalls and match anticipated revenue growth. The rail corridor consists of a 20-mile multi-track rail system
Howard Mallen has been named chief financial officer of the Transportation Corridor Agencies. Mallen will take over CFO duties from Amy Potter, who has been serving a dual role as CFO and deputy chief executive officer since December 2022. Potter was named CFO in 2004. TCA comprises two joint powers authorities formed by the California