Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Italian film C’è Ancora Domani (There’s still tomorrow) — set in Rome just after the second world war and shot entirely in black and white — opens with a man slapping his wife across
Sir Ed Davey, leader of Britain’s Liberal Democrats, has faced harsh criticism this week for his role in the Horizon IT scandal, after it was revealed that he failed to act on claims that sub-postmasters were being wrongly accused of theft and false accounting by the Post Office. But experts and campaigners say that members
Stay informed with free updates Simply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox. Trustbusting is very much on the US agenda these days. After years of sabre-rattling about abusive monopolies, American enforcers are facing off against Big Tech with a string of court cases that could
Ali Hall and Julie Lavington set up Sosandar, a UK online retailer of women’s fashion, in 2016. Within a few years, annual sales had grown to £42mn. But their latest growth initiative is not a refreshed digital marketing campaign or the recruitment of new social media influencers. It is shops: the two founders said in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had approved the first ever US spot bitcoin exchange traded funds.
Astrobotic Technology on Tuesday confirmed there was “no chance” its lunar lander would be able to land successfully on the Moon, marking the end of a mission that was to have brought the US back to the lunar surface for the first time in 50 years. The Pittsburgh-based space company, which had hoped to be the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of Boeing said the company would acknowledge “our mistake” after one of its 737 Max aircraft lost a section of its fuselage in flight last week, as a regulator said it would
Municipals saw a short-end correction Tuesday, with the one-year being hit the hardest, amid two large deals in the primary market. U.S. Treasuries were little changed and equities ended down. Triple-A yields rose six to 11 basis points on the short end, as more investors put pressure there amid what many consider to be too
The U.S. District Court’s interpretation gave more to Puerto Rico Electric Power Authority bondholders than legally allowed, the Puerto Rico Oversight Board told the First Circuit Court of Appeals. Not only are the bondholders wrong in claiming a lien on all revenues coming to PREPA but District Judge Laura Taylor Swain was wrong in awarding
Stay informed with free updates Simply sign up to the ESG investing myFT Digest — delivered directly to your inbox. Launches of funds claiming environmental, social or governance attributes all but dried up in the past six months, as investors baulked at increased scrutiny of sustainability claims by companies and asset managers. Just six funds
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government awarded billions of pounds of contracts involving Fujitsu on Rishi Sunak’s watch after the Japanese company’s software was found to be at fault in the Post Office scandal in a landmark 2019
The municipal bond market is taking a wait and see approach about the departure of Mitch Landrieu, who has been operating under the unofficial title of “infrastructure czar,” as he prepares for a new role on President Biden’s campaign staff. According to the Biden administration Landrieu oversaw, “over 40,000 infrastructure projects spread across 4,500 communities
The simmering debate over the definition of “obligation” that’s key for cities and states managing $350 billion of pandemic funds has boiled over again after Treasury released a revised definition that Republicans slam as “mind-bending” and “confounding,” and that even has issuer groups concerned about confusion and the need to backtrack to re-do previous reporting.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The dramatic blowout of a section of the fuselage on an Alaska Airlines flight has put the focus back on Boeing’s 737 Max — the US company’s most popular plane and also its biggest source
The outlook on Phoenix-based Grand Canyon University’s junk bond rating was revised on Monday to negative from stable by Moody’s Investors Service amid the school’s ongoing clash with federal regulators. Moody’s said while its Ba1 rating incorporates GCU’s “substantial scale, enrollment growth trend, and adequate operating performance,” several factors led to the outlook change. The
A for sale sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared with the same mont a year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The underlying idea of democracy — that governments are accountable to the governed — is still valued in large parts of the world. How else is one to explain the fact that more than half
The Governmental Accounting Standards Board has issued new guidance requiring governments to disclose information related to their own vulnerability, asking governments to disclose certain heightened risks related to concentrations and constraints in government revenue sources and defines those terms to help them do that. “It was in 2020 that we started this project and we
As KBRA enters its 14th year in the business, the rating agency is targeting increased market share, an expansion into new sectors and the expectation for continued growth in 2024. A robust track record, a team approach, and relying on cross-team verticals to provide a qualitative overlay and outside-the-box analysis led the fourth major rating
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays and Santander have announced cuts to their mortgage rates, adding to momentum for cheaper UK home loan deals after HSBC and Halifax reduced rates last week. Santander led its announcement with a sub-4 per
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French president Emmanuel Macron has promoted his popular 34-year-old education minister Gabriel Attal to prime minister as he seeks to reboot a second term hindered by a fractured parliament. The Élysée Palace confirmed the choice