Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. Unemployment in the eurozone has increased from its record low, rising unexpectedly to 6.5 per cent as high interest rates and a stagnating economy start to take their toll on the region’s job market. Eurostat,
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Beijing has told Communist party cadres to stay away from private equity as President Xi Jinping’s anti-corruption drive intensifies. Officials have been banned from pouring their savings into domestic Chinese private equity funds,
Few people decide in their mid-fifties that they want to become an accountant. The hundreds of hours of study required would be daunting for anyone, let alone someone whose day job is running a $23bn-revenue global consulting business. Yet last year, Mohamed Kande sat the US CPA exam and passed. That earned him a professional
Capri in the 1950s was a hot spot for glitterati in search of la dolce vita. The small island off Italy’s Amalfi Coast drew jet-setters, royals and Hollywood stars with its turquoise waters, steep sea cliffs and exclusivity. Considered one of the world’s first resorts―Emperor Augustus made the isle his private retreat in 29 B.C.―the
Jack Dorsey-led Block, a Bitcoin-focused fintech company, published its third-quarter earnings report on Nov. 2, revealing a profitable quarter and surpassing analyst expectations. The firm had $5.62 billion in revenue in the third quarter of 2023, boosted by solid revenue growth in Cash App and Square, with $44 million in profit on its Bitcoin (BTC)
Bitcoin (BTC) continues to circle its highest levels in 18 months and bullish BTC price predictions are flowing in — how high can the bull market go and how fast? From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said its forces had surrounded Gaza City as US secretary of state Antony Blinken arrived in Israel to push for a “pause” in hostilities to allow aid into Gaza and help free hostages held
The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims. A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency on Do Kwon and his involvement in facilitating the frauds that eventually
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of thousands of self-employed people are “sleepwalking” into giant tax bills due to a little-publicised change to the way businesses report their profits. Tax experts have warned that many of those affected are unaware
As Italy took the drastic step of imposing a nationwide lockdown in early March 2020, senior officials in Downing Street sat “laughing” as Britain’s European neighbour desperately tried to contain the spread of Covid-19. The revelation came as a series of damning testimonies to the UK’s official pandemic inquiry this week laid bare a “toxic”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When was the last time you thought about the computer chip in your laptop? For most people, the answer would be “never” — and they’d like to keep it that way. Like it or not,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Young Conservatives have become an endangered species in the UK. On five separate occasions in the past two months, polls have shown that fewer than one in 10 of Britain’s under-30s plans to vote Tory
Ya’akov Levin was a life-long supporter of Likud, the centre-right party of Benjamin Netanyahu, Israel’s prime minister. But after Hamas’s bloody rampage through southern Israel on October 7, he says he will never vote for it again. “Netanyahu sold himself as Mr Security and then this happened,” the Jerusalem wine merchant said. “He has to
© AFP via Getty Images Danish shipping line AP Møller-Maersk will cut 10,000 jobs, almost a tenth of its workforce, after it reported sharp falls in revenues and profits in “a difficult market environment”. Maersk said it would cut its workforce to below 100,000, from 110,000 in January 2023, producing savings of $600mn next year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FTX founder Sam Bankman-Fried was convicted of fraud and money laundering by a New York jury in a landmark criminal verdict that is likely to condemn the former crypto tycoon to decades in prison and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple failed to dispel Wall Street’s concerns about a lacklustre outlook for its hardware businesses and potential pressure on its position in China as it announced quarterly earnings on Thursday, leaving its shares down nearly
Visa completes Hong Kong digital currency trial with HSBC and Hang Seng Hong Kong is one step closer to a central bank digital currency (CBDC) with the release of its successful phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank. According to a Nov. 1 announcement, Visa said that it achieved “near
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s son Eric turned testy on the witness stand on Thursday as he sparred with a lawyer for the New York attorney-general about his knowledge of the financial statements at the heart of a
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US House of Representatives has approved legislation to provide $14bn in new aid to Israel, but the bill faces resistance in the Senate and opposition from the White House because it fails to
Ivanka Trump David A. Grogan | CNBC Ivanka Trump asked a New York appeals court to pause the $250 million fraud trial of her family and its business empire as she appeals a judge‘s order requiring her to testify in the case next week. The request to stay the entire trial came at the tail
This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the