Italy’s departing central bank governor has urged prime minister Giorgia Meloni’s government to soothe investors’ fears about the country’s debts by reducing its fiscal deficit and tackling reforms needed to boost growth. Ignazio Visco, who steps down at the end of this month after 12 years leading the Bank of Italy, told the Financial Times
If you haven’t heard that financial storyteller extraordinaire Michael Lewis has a new book out, on the rise and fall of crypto exchange FTX founder and alleged fraudster extraordinaire Sam Bankman-Fried, then you probably don’t spend an awful lot of time on the internet. Well done you. Those of you who do will know that
While the world’s richest banker lay bedridden in late 2019, dazed by the effects of heavy medication and suffering from resurgent brain tumours, a plot was allegedly unfolding to redraw his final wills. Joseph Safra, the Lebanese-Brazilian heir to a venerable line of financiers, was losing his grip on a $25bn global empire of banks,
Stay informed with free updates Simply sign up to the Uday Kotak myFT Digest — delivered directly to your inbox. India must not let a handful of conglomerates “define its destiny”, the billionaire who founded one of the nation’s largest banks has warned, as he urged the country to aim for broader growth with many
It was a day that stunned Israel. Early on Saturday, as much of the country slept, Hamas militants launched a devastating multi-faceted attack from the Gaza Strip, firing thousands of rockets at Israeli towns and cities while hundreds of its fighters stormed into the country by land, air and sea. So deep was the disbelief
Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane Rehn told jurors that SBF used FTX customer funds to enrich himself and gain credibility
Stay informed with free updates Simply sign up to the Israeli-Palestinian conflict myFT Digest — delivered directly to your inbox. Israel has fought multiple wars against Arab countries and Palestinian groups since the establishment of the Jewish state in 1948. Here is a timeline of the main conflicts. 1948 Arab Israeli war Fighting between Palestinians
A 1970s monument to modern architecture is sailing through the test of time in the picturesque hills of Italy’s Chianti region. The long, two-story villa, with strong horizontal lines and a flat roof, is stepped into the countryside terrain of Strada in Chianti, about a 30-minute drive from the Tuscany capital city of Florence. Florentine
The price of Ethereum’s native token, Ether (ETH), has gained around 35% so far in 2023. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times. ETH/USD daily price chart. Source: TradingView Let’s take a closer looks at the three likely reasons why Ethereum price has failed
Hamas’s brazen dawn assault began with rocket fire from the Gaza Strip into southern Israel. Simultaneously, the Palestinian militant group dispatched armed drones, fighters on motorbikes and paragliders across the strip’s border, targeting civilian towns and military checkpoints. Images on social media showed Israeli civilians — who would have been sleeping or resting during the
A customer inspects a Tesla Motors Inc. Powerwall unit inside a home. Ian Thomas Jansen-Lonnquist | Bloomberg | Getty Images After a summer of extreme weather and wildfires and now during the peak of hurricane season, the power going out again is becoming familiar to more Americans. That means it may be a good time
Sam Bankman-Fried’s tweets have come back to haunt him. As customers raced to withdraw their money from his embattled FTX cryptocurrency exchange nearly one year ago, Bankman-Fried tried to stop the run on the bank with a message to his more than 1mn followers: “FTX is fine. Assets are fine.” In testimony on Friday, FTX
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The White House and pro-Ukraine lawmakers are growing increasingly alarmed about the future of US funding for Kyiv in the wake of Kevin McCarthy’s ousting as speaker of the House of Representatives, which has
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic,
Stay informed with free updates Simply sign up to the Metro Bank myFT Digest — delivered directly to your inbox. Metro Bank’s board members are due to meet a group of bondholders who proposed a £600mn capital injection earlier in the week, in the hope of securing a refinancing package for the UK lender over
Whether you own a residential or commercial property, when it’s time to sell, it’s important that your broker utilizes all the tools available to maximize exposure. The level of marketing involved with a property sale will play a key role in the final outcome. In the previous article of this real estate series for brokers,
Stay informed with free updates Simply sign up to the Israeli-Palestinian conflict myFT Digest — delivered directly to your inbox. Israel declared a “state of alert for war” on Saturday after Hamas launched its biggest attack on the country for years, firing a barrage of rockets and sending militants across the border from the Gaza
The Tesla logo is seen on a charger station in Virginia on Aug. 16, 2023. Celal Gunes | Anadolu Agency | Getty Images Check out the companies making headlines in midday trading. Pioneer Natural Resources — The energy stock added nearly 10%. The action comes after The Wall Street Journal reported that Exxon Mobil is
Municipals were weaker along with U.S. Treasuries Friday following better-than-expected jobs data while equities rallied on the data. The September non-farm payrolls report dashed any suggestions that the labor market is weakening, but analysts still debate whether the Federal Reserve will need to raise rates again. In addition to 336,000 jobs being created in the
In 1997, the Hungarian biochemist Katalin Karikó met another struggling researcher, the American immunologist Drew Weissman, as they queued to photocopy scientific papers at the University of Pennsylvania. After commiserating about the lack of funding for their work, the two scientists found a common scientific interest — the genetic molecule RNA — and decided to
Stay informed with free updates Simply sign up to the US Treasury bonds myFT Digest — delivered directly to your inbox. Global bond markets have been through a mincing machine in the past few weeks, inflicting pain on everyone from retail investors to insurance companies. Alarmingly, it is not obvious why. But the competing schools