Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK business activity rose at the fastest pace in six months in December, according to a closely watched survey that suggests economic output might not fall in the final quarter. The S&P Global/Cips flash UK
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. A California jury did not have much time for Google this week. After a four-week trial, it took less than four hours to decide that the company had broken antitrust laws to make billions from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EU leaders gathering in Brussels have vowed to find a way to support Ukraine after Hungary’s Viktor Orbán vetoed a €50bn lifeline for the war-torn country. Estonia’s Prime Minister Kaja Kallas said that “Ukraine will
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US national security adviser Jake Sullivan said it would neither “make sense” nor be “right” for Israel to reoccupy Gaza, as American and Israeli officials continue to push diverging visions of the strip’s postwar future.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ukraine badly needs financial, military and political support from its western allies. On the latter, at least, the EU has come good. On financial aid, it has failed to step up to the plate at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning. A mega scoop to start:
Chinese spies had run a far-right Belgian politician as an intelligence asset for more than three years in a case that shows how Beijing has conducted influence operations in an effort to shape politics in its favour. Daniel Woo, an officer in China’s Ministry of State Security spy agency, pushed Frank Creyelman, a former Belgian
The Spanish town of Marbella, on the country’s south coast, is popular among overseas buyers. Artur Debat | Moment | Getty Images There are three European countries that are “perennial favorites” for people to buy a vacation home, according to Kate Everett-Allen, a partner at real estate firm Knight Frank. France, Italy and Spain all
When can investors expect inflation to fall and central banks to ease the pressure on interest rates? This was the question that dominated stock markets in the US, UK and eurozone in 2023. After the US Federal Reserve raised rates to tackle soaring inflation, investors agonised over whether the Fed had done enough to tame
Before big games at Paris Saint-Germain’s home ground, the crowd of diehard ultras, well-heeled French elites and international celebrities are treated to a pyrotechnic show as a booming voice reminds them: “Ici, c’est Paris”. Over the past year the French champions have also hosted executives from US investment group Arctos Partners, which has been thrashing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The past 12 months have provided a fascinating experiment in the effectiveness of different conservative strategies on immigration. Canada and Britain are large English-speaking countries whose conservative parties each appointed a new, young leader in
Clifford Asness’s office is an odd mix of finance old-timer and teenage bedroom. Books about Churchill stand alongside DC Comics encyclopaedias, the sea of family photos is dotted with islands of vintage Marvel memorabilia, and next to his computer a jar of Pepcid sits next to a jumbo bottle of sriracha. The Pepcid has probably
Citigroup will close its municipal division by the end of the first quarter of 2024, leaving behind a historic tenure in a market it once dominated in both underwriting and secondary market-making. The firm decided to “wind down our municipal underwriting and market-making activities” after a “broad-based review” of its muni business, according to a
RTX says over the summer it discovered issues with an estimated 1,200 P&W engines fitted to Airbus commercial jets © Reuters US aerospace and defence group RTX has appointed the former head of its Pratt & Whitney business as its new chief executive, as it continues to navigate the recall of aircraft engines made by
Municipals rallied hard Thursday, playing catch up to the moves in U.S. Treasuries, which extended their gains for a second session following the Federal Open Market Committee’s clear communication of future rate cuts in 2024. Equities continued their rally. Triple-A yields fell 13 to 17 basis points, depending on the curve, but the gains were
The San Diego area’s Sharp HealthCare plans to bring $343.2 million of fixed-rate revenue bonds to market next week, continuing early next year with variable-rate financings. The fixed-rate tax-exempt bonds will be priced the week of Dec. 18 through conduit issuer California Public Finance Authority, according to an online investor presentation. RBC Capital Markets and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former high-ranking FBI agent who agreed to work as a covert investigator for Russian oligarch Oleg Deripaska has been sentenced in New York to more than four years in prison, after pleading guilty in
Europe’s top central bankers insisted on Thursday it was too soon to let down their guard against high inflation despite an extraordinary volte-face hours before by Jay Powell, chair of the US Federal Reserve. While the European Central Bank and the Bank of England appear determined to push back against rate-cutting speculation, their protests risk
Fiscal problems at the University of Arizona have led to belt tightening, the resignation of its chief financial officer, and a move to increase financial oversight of the state’s public university system. At a special meeting Wednesday, the Arizona Board of Regents unanimously adopted a report that listed recommendations, including enhanced financial reporting and expenditure
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU leaders agreed to open accession talks with Ukraine at a charged summit on Thursday, after Hungary’s prime minister relented in his opposition to the historic step for the war-torn country. The decision marks
New Castle, Pennsylvania, has exited from distressed status under the state’s Municipalities Financial Recovery Program, also known as Act 47, the Department of Community and Economic Development announced Monday. A formal determination letter finding that termination of the city’s distressed status was appropriate under Section 255.1 of Act 47, was signed by DCED Secretary Rick