Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spoiler alert: Boris Johnson didn’t take Covid-19 seriously enough. The UK’s pandemic inquiry is beginning to feel like a slow-moving whodunnit where everyone already knows the ending. What Johnson took very seriously indeed, as the
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. President Xi Jinping has warned that China’s economic recovery is “still at a critical stage” as Communist party leaders pledged to support growth with further “proactive” fiscal and “effective” monetary policy in the new year.
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The British public’s expectations for price growth in the year ahead fell to the lowest level in two years last month, supporting the view that the Bank of England will not need to raise interest
Sean Turnell is seated with his back to Sydney’s harbour at a small table on the strip of restaurants along the Barangaroo promenade. It’s a hot and humid day and I’m running a couple of minutes late. When I see he’s wearing shorts and a polo shirt, I quietly curse myself for changing into my
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK developers have reached a “tipping point” on building costs due to slowing construction and easing energy prices, according to one of London’s biggest housebuilders. Rob Perrins, chief executive of Berkeley Group, said: “We are
India’s homegrown e-commerce giant Flipkart will use Polygon’s chain development kit (CDK) to launch a Web3 loyalty program. On Dec. 2, Polygon and Flipkart announced a strategic partnership to effectively position the e-commerce platform into Web3 and the metaverse. This included initiatives such as Flipverse for nonfungible tokens (NFTs), eDAO for metaverse and the FireDrops
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s competition regulator has taken the first steps of an investigation into Microsoft’s multibillion-dollar partnership with OpenAI, one of the tech industry’s most lucrative tie-ups. The Competition and Markets Authority on Friday said it
Developers of Bitcoin side-chain MicroVisionChain (MVC) have unveiled a BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024. In an interview with Cointelegraph, MVC chief operating officer Jason Kwok claims to have developed a “1:1 mapping relationship” with Bitcoin on its sidechain. “This essentially creates a parallel version of your Bitcoin assets,
Bitcoin (BTC) struggled to hold above $43,000 into Dec. 8 as an altcoin surge put Ether (ETH) in the spotlight. BTC/USD 1-hour chart. Source: TradingView ETH, SOL step up as Bitcoin takes liquidity Data from Cointelegraph Markets Pro and TradingView showed ongoing BTC price consolidation as ETH/USD added up to 7.6% in around 24 hours.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has paid Rwanda another £100mn as part of Prime Minister Rishi Sunak’s troubled plan to send asylum seekers to the east African nation, taking the total cost so far to £240mn. The
Soon after Thirdweb revealed a security vulnerability that could impact a variety of common smart contracts used across the Web3 ecosystem, OpenZeppelin identified two specific standards as the root cause of the threat. On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library, which could impact pre-built contracts, including DropERC20, ERC-721, ERC-1155
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia shelved plans for Mohammed bin Salman to visit London in the past few days, according to UK officials, shortly before the crown prince hosted Vladimir Putin in Riyadh. UK and Saudi officials have
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU is set to give member states powers to end gas imports from Russia and Belarus nearly two years after Moscow’s full-scale invasion of Ukraine. Any member state will be able to ban
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In psychology, for someone to shift away from an undesired behaviour there are two separate requirements. First, they need the self-awareness to recognise the issue. Second, they need the self-management skills to act on that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Normal people see rising wages as a source of cheer. But to Scrooge-like central bankers, bumper pay packets are a cause for concern. The OECD expects that in 2023 remuneration per employee in Britain will
Through the rubble of north Gaza, under cover of a brief Israel-Hamas truce, a convoy of vehicles last Tuesday mounted one of the most unusual missions of the war: the retrieval of about 180mn shekels in cash. The stash of notes, weighing close to a tonne and worth the equivalent of $50mn, was kept in
El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin (BTC) or Tether (USDT) investment in the country. The Central American country’s price tag for citizenship, however, appears far more expensive than those in neighboring Caribbean countries,
A specialized exchange-traded fund (ETF) firm, YieldMax, has filed to launch the first yield-bearing ETF product based on shares in Michael Saylor’s Bitcoin holding company, MicroStrategy. According to a Dec. 7 filing with the United States SEC, YieldMax has officially applied to launch its Option Income Strategy ETF based on shares in MicroStrategy, slated for
Bitcoin (BTC) will hit a new all-time high in late 2024 on the backdrop of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts. On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, timings of a spot Bitcoin ETF launch, the impact
Bitcoin (BTC) miner Hive Digital Technologies says the move to acquire a fleet of Bitmain mining rigs last year has already paid for itself, due in large part to a significant increase in the price of Bitcoin. In a Dec. 8 statement, Hive Digital wrote that it had been acquiring mining rigs since the collapse
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter