Municipal bond issuance in the Far West region in 2023 was up 13.1% year-over-year to $75.2 billion, spurred in part by a fourth quarter rally, boosting sales 45% compared to the same period in 2022, according to data from LSEG, formerly Refinitiv. “There has been a tremendous rally, starting in December when the Federal Reserve
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The birth rate in England and Wales dropped to the lowest on record in 2022, according to official figures that lay bare the pressures on the economy resulting from the nations’ demographic challenges. The total
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I popped into Sainsbury’s this week to buy tea bags. It took some time out of my working day, but I had read of potential shortages and my family hates to run out of tea.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The husband of a BP employee has pleaded guilty to insider trading after he was accused of illegal share purchases having overheard his wife talking about a deal while working from home. The US Securities
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered’s chief executive Bill Winters said the bank’s “crap” share price did not reflect its true value, as fourth-quarter profits surged almost tenfold. The UK-based lender said pre-tax profits for the final three months
Prime Minister Benjamin Netanyahu has finally unveiled Israel’s plans for Gaza after hostilities end in the enclave, submitting to his war cabinet a formal proposal that directly contradicts the objectives of the US. The one-page document, released overnight by his office, makes no mention of any role for the Palestinian Authority, the West Bank-based rival
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s household energy price cap is set to fall by 12 per cent in April following a drop in wholesale gas and electricity prices. Ofgem, Britain’s energy regulator, has set the price cap for
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
US campaign groups are spending millions of dollars to hire social media influencers with modest followings, seeking to sway voters from niche communities in tightly fought elections across the country in November.President Joe Biden has been wooing celebrity influencers, recently hosting a White House reception with several hundred viral internet stars with millions of followers,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turns out, Donald Trump still likes tariffs. In his bid for a second term, he is promising a 10 percentage point tariff increase on all America’s trading partners, and dangling a tariff on Chinese imports
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the year ending March 2023, construction began on 72,000 new homes in Houston, Texas, population 7.5mn: more than three times the 20,500 new homes started in London, whose population is considerably larger. In case
Two years into Russia’s full-scale assault on Ukraine, Europe’s defence industry is booming. The conflict and rising geopolitical tensions elsewhere, including in the Middle East, have boosted the order books of large established players and their suppliers. Global defence spending hit a record $2.2tn last year, while in Europe it rose to $388bn, levels not
A McKinsey-led think-tank advised China to deepen co-operation between business and the military and push foreign companies out of sensitive industries as part of a project for the central government in 2015. The recommendations in a book by the Urban China Initiative, commissioned by the Chinese government’s central planning agency, were among dozens of policies
Jeremy Hunt is under growing Conservative pressure to remove one of the UK’s most notorious tax cliff edges in his March 6 Budget, where some parents on middle incomes are hit with a 71 per cent effective tax rate. The UK chancellor has said he will fix the issue if he can afford to, although
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK consumer confidence waned in February, according to research company GfK, suggesting that the early optimism for 2024 has abated in the face of persistently high inflation. The consumer confidence index, a leading indicator of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Moon is officially open for business after the first commercial spacecraft successfully touched down on the lunar surface. After an eight-day flight, US-based Intuitive Machines’ unmanned Odysseus lander touched down safely on the lunar
S&P Global Ratings has revised the outlook on Chicago’s general obligation bonds to stable from positive, the rating agency announced Thursday. S&P affirmed its BBB-plus rating on the bonds. The downward revision reflects budgetary pressures that have not been counterbalanced by new revenue growth, S&P said. Specifically, S&P cited rising public safety labor costs, recent
Vice Media is set to stop publishing stories on its website and terminate “several hundreds” of jobs, the latest sign of distress among once-mighty digital media groups that had relied on web traffic for revenue. “It is no longer cost-effective for us to distribute our digital content the way we have done previously,” chief executive Bruce
In this article MELI CVNA SQ PODD LYV INTU BKNG Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty Images Check out the companies making
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A UK government-commissioned review into tackling political violence is poised to back wider use of special police orders to swiftly shut down public protest around democratic venues including parliament, council buildings and MPs’ offices. Lord
Reddit logos Dado Ruvic | Reuters Reddit’s initial public offering will include a quirk that allows some of its most active users to buy the stock. That could make the deal riskier for other investors. On Thursday afternoon, the social media company’s S-1 filing revealed that some Reddit moderators and other users would get the