Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AstraZeneca has announced a major expansion in the US just days after Donald Trump’s victory in the presidential election, as chief executive Pascal Soriot hailed the prospects for the world’s largest economy. The UK’s biggest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK wage growth steadied in the three months to September as hiring stalled, according to official data that will reassure policymakers at the Bank of England that pressures in the jobs market are easing. The
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Olaf Scholz has just pulled the plug on his coalition and polls suggest his party will lose the upcoming snap election. Yet among fellow Social Democrats, the German chancellor has rarely been so popular. The government crisis that culminated last week with Scholz calling time on the three-party alliance plunged Germany into a new phase
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The writer is president of the European Central Bank We’ve all heard it time and again: either we tackle climate change and safeguard nature, or we face the steep price of our inaction. And that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As I climbed under the kitchen table with my five-year-old this weekend, she explained that we were in a car, but, “It can drive itself, so we can just relax, OK?” We settled down for
On the shores of the Caspian Sea, less than 30 miles from the place where world leaders, ministers and negotiators are meeting at the COP29 climate summit in Baku this week, a powerful greenhouse gas has been venting into the atmosphere. A sensor installed on the International Space Station detected six separate plumes of methane
The United States spot Ether exchange-traded funds (ETFs) recorded their biggest day of inflows in history, as the crypto market continues to rally after Trump’s election victory. The ETFs, which launched in July, recorded $294.9 million in inflows on Nov. 11 — smashing the previous record of $106.6 million on launch day. The Fidelity Ethereum
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump is closing in on top picks for his foreign policy team, planning to tap Florida congressman Mike Waltz as his national security adviser and to nominate Florida senator Marco Rubio to
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin
Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. If the crypto market were a country,
Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. If the crypto market were a country,
Shares in China-based crypto mining chip designer Nano Labs rose slightly after announced it is now accepting Bitcoin as payment for its goods and services through a business account on Coinbase. In a Nov. 11 statement, the Huangzhou-based crypto mining chip maker, which is listed on the Nasdaq, said the move was part of a
Bitcoin’s 11% rally to $89,500 on Nov. 11 has pushed United States spot Bitcoin exchange-traded funds (ETFs), MicroStrategy Inc (MSTR) and Coinbase Global Inc (COIN) to a record $38 billion in combined daily trading volume. The record day far surpassed the previous high of around $25 million set in March amid Bitcoin (BTC) breaking through
Herbert Smith Freehills is to combine with US-based Kramer Levin to form one of the top 20 global law firms by headcount, in a further sign of consolidation among mid-sized firms on either side of the Atlantic. The new firm, which is to be known as Herbert Smith Freehills Kramer, abbreviated as HSF Kramer in
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump is to appoint Stephen Miller as his deputy chief of staff for policy, putting the immigration hardliner in a top role in the White House. During his election campaign the president-elect
Brussels is changing its spending policies to potentially redirect tens of billions of euros to defence and security, as Russia’s war in Ukraine and Donald Trump’s return to the White House heap pressure on the EU to boost investment. The policy shift would apply to about a third of the bloc’s common budget, or some
Solana’s native token, SOL (SOL), surged by 35% between Oct. 5 and Oct. 11, reaching its highest level since December 2021 at $222. This movement has led traders to speculate whether the all-time high of $260 is within reach, especially after Bitcoin (BTC) crossed $84,500, driven by steady institutional inflows and anticipated regulatory clarity in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Foreign secretary David Lammy has swung his support behind Lord Peter Mandelson to become the next UK ambassador to the US, helping cement the former trade secretary’s position as the frontrunner in the race to
South Carolina-based assisted living developers CR Lakewood and CR Lakeside Place resolved a bond default. AdobeStock Owners of assisted and independent living retirement centers in South Carolina resolved a default on $24.5 million of bonds, according to a posting. Borrowers CR Lakewood, LLC, and CR Lakeside Place, LLC, failed to make principal payments due on
Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020, after its weekly chart closed above $80,000. BTC’s bullish structure has transpired from a short-term to a long-term outlook, and multiple analysts believe that an assortment of six-figure price targets will be attained sooner than later. Bitcoin could reach