Connecticut, Rhode Island and Massachusetts have agreed to work together to develop offshore wind energy in a joint venture officials say will offset rising costs that threaten the burgeoning industry’s potential. The multi-state coalition will be the first of its kind, Massachusetts Gov. Maura Healey said in a joint statement with Rhode Island Gov. Dan
The moment Nadav Peretz began to lose hope was when he finally got through to the emergency helpline. The Hamas militants embarking on what would become the deadliest ever attack on Israeli territory had burst into his kibbutz, or communal village, of Nahal Oz. Peretz and his partner had been hiding in the safe room
As Israel continues its aerial bombardment of Gaza and masses forces on the border of the coastal enclave, the objective of the Israeli campaign has been made clear: to destroy Hamas. How the Israeli military plans to do that is still unclear. By ordering nearly half of Gaza’s 2.3mn population to leave their homes and
Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics. Some may argue that this movement reflects a broader
In cars, trucks, donkey carts and on foot, thousands of Palestinians began an exodus from the north of the besieged Gaza Strip to the south of the enclave after an Israeli evacuation order. Among them was Amal al-Shanty, walking with her family, including several children. “We don’t know where we will go. I couldn’t have
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Only in the days that followed was the true horror of last Saturday’s attack by Hamas on Israel laid bare. Women, children and elderly among the dead; 260 music festival-goers slaughtered; an 85-year-old woman among
The U.S. Virgin Islands government is concerned that more than $10 billion of a possible $15 billion in federal hurricane reconstruction aid may be in jeopardy, with possible impacts on the islands’ economy. The islands’ government and Water and Power Authority have more than $2 billion in bonds outstanding. Fitch Ratings rates the WAPA bonds
The U.S. Virgin Islands government is concerned that more than $10 billion of a possible $15 billion in federal hurricane reconstruction aid may be in jeopardy, with possible impacts on the islands’ economy. The islands’ government and Water and Power Authority have more than $2 billion in bonds outstanding. Fitch Ratings rates the WAPA bonds
The last time the triple-A 30-year muni was consistently over 4%, Barack Obama was president, lawmakers were squabbling over whether to raise the debt ceiling, cut spending and keep the federal government open, which eventually resulted in a downgrade of the United State’s triple-A rating by S&P Global Ratings. While there is a different administration,
The last time the triple-A 30-year muni was consistently over 4%, Barack Obama was president, lawmakers were squabbling over whether to raise the debt ceiling, cut spending and keep the federal government open, which eventually resulted in a downgrade of the United State’s triple-A rating by S&P Global Ratings. While there is a different administration,
The list of most expensive homes for sale in the world is ever-changing. In February, the Robb Report said a penthouse atop New York City’s Central Park Tower, priced at USD 250 million, topped the offerings. The next month numerous publications put the Holme, a palatial 40-bedroom waterfront residence in London, ahead of that at
Cities and states should “keep calm and issue bonds” despite sticker shock from rising interest rates and a volatile municipal bond market. That was the message from panelists speaking Thursday at the Government Finance Officers Association’s annual MiniMuni event, a three-day online event for issuers. The rise in rates “makes our jobs as debt managers
Cities and states should “keep calm and issue bonds” despite sticker shock from rising interest rates and a volatile municipal bond market. That was the message from panelists speaking Thursday at the Government Finance Officers Association’s annual MiniMuni event, a three-day online event for issuers. The rise in rates “makes our jobs as debt managers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor. His latest book is ‘Foreign Bodies: Pandemics, Vaccines and the Health of Nations’ Confronted with enormity: murdered infants, abducted grandmothers, slaughtered villagers, lusty chants of “gas the Jews” at
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The oil price rose to its highest level since the outbreak of the Israel-Hamas conflict at just under $90 a barrel, as concerns about a potential ground assault on Gaza added fresh tension
President of the Regional Government of Madeira, Miguel Albuquerque, has announced plans to create a Bitcoin (BTC) business hub to drive regional innovation. The statement was made during a fireside chat with Prince Filip Karađorđević of Serbia on the second day of Bitcoin Amsterdam 2023. Karađorđević expressed interest in the new Bitcoin business hub, emphasizing
New York state tax collections from mobile sports betting totaled $727.4 million in fiscal 2022-2023, according to a report from the state comptroller’s office. “Gaming has significantly expanded in the state in the last several years,” Comptroller Thomas DiNapoli said Wednesday. “With the ease and 24/7 availability of mobile betting apps, problem gambling and addiction
Our weekly roundup of news from East Asia curates the industry’s most important developments. SBF’s Chinese bribe scandal worsens According to October 11 testimony from Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, her colleague — disgraced FTX founder Sam Bankman-Fried — allegedly paid $150 million in bribes to Chinese government officials in 2021, higher
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigel Farage has opened several accounts at Lloyds Banking Group after he became embroiled in a “debanking” row with NatWest that cost the chief executive of the state-backed lender her job. Coutts, the elite private
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s largest police force has deployed 1,000 officers across London to protect communities after a “massive” surge in antisemitic incidents and rise in communal tensions fuelled by escalating bloodshed in Israel and the Gaza
Decentralized exchange (DEX) THORSwap has resumed operations after briefly going into maintenance mode due to detecting illicit funds on its platform. THORSwap took to X (formerly Twitter) on Oct. 12 to announce that the platform is back online. The platform asked users to resume their regularly scheduled swapping of over 5,500 assets across 10 blockchains