Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US vetoed a UN Security Council resolution on Thursday that would have granted a Palestinian state full UN membership, killing a move proposed by Algeria. Twelve of the 15 members of the UN Security
The US House of Representatives is expected to vote this weekend on sending $60bn in new military aid to Ukraine, a move that could end a months-long stalemate in Washington at a time Kyiv is starting to lose ground in its attempt to repel Russian aggression. But the package unveiled earlier this week by Mike
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Netflix’s operating income surged 54 per cent in the first quarter as it added 9.3mn subscribers worldwide, proving that its crackdown on password sharing has had more lasting benefits than some investors expected. The streaming pioneer reported
Municipal bond mutual funds saw the first large outflows of 2024, marking tax-deadline selling pressure coinciding with higher rates and volatile U.S. Treasury market moves. LSEG Lipper reported $1.47 billion of outflows from municipal bond mutual funds for the week ending April 17, “as higher rates and tax liabilities drove outflows from both [exchange-traded funds]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The husband of Scotland’s former first minister Nicola Sturgeon has been charged in connection with allegations of the embezzlement of funds from the Scottish National party. Peter Murrell, the SNP’s former chief executive, was arrested
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some lenders to Thames Water would lose up to 40 per cent of their money under government contingency plans to nationalise Britain’s biggest water company dubbed “Project Timber”. The utility, which supplies 16mn people —
The EU has offered to strike a deal to allow 18-30-year-old UK citizens to work and study in the bloc for up to four years. The European Commission on Thursday said it would seek member state approval to open talks with the UK to restore the ability of young people in the EU and UK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mining group BHP has been ordered to hand over historic employment details for staff including its chief executive Mike Henry as part of a legal battle over one of Brazil’s worst environmental disasters. The High
The UK government has told the country’s port authorities that it will not “turn on” critical health and safety checks for EU imports when post-Brexit border controls begin this month because of the risk of “significant disruption”. In a presentation seen by the Financial Times, the Department for Environment, Food and Rural Affairs (Defra) outlined
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Stocks fizzle: Wall Street was enjoying
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last
On Tuesday, global law firm Nixon Peabody LLP released the names of newly minted partners and counsels who have arrived at the next level in their public finance career. According to the firm, “Nearly 80% of the new partners are members of historically underrepresented groups at the partnership level in the legal profession, which aligns
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European and Arab leaders and diplomats have warned that Iran’s attack on Israel risks relieving pressure that had been building on Israel to agree to a ceasefire in Gaza and ease the humanitarian crisis in
Houston faces a structural budget gap that could top $250 million over the next few years, while it also has plans to issue billions of dollars of debt for a firefighter settlement, a major airport project, and other purposes, according to its new financial watchdog. Chris Hollins, who was elected city controller in a December
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta has released a new and less “sanctimonious” version of its artificial intelligence model, as the social media group races against Microsoft-backed OpenAI and Google to develop the cutting edge technology. Facebook’s parent company said
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than a dozen smaller EU states fought back against efforts to unify Europe’s fragmented capital markets, highlighting the torturous politics around the decade-long financial reform effort. France recently led a push — backed by
Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. A few weeks ago, a friend was about to have life-saving brain surgery in Boston when her operation was suddenly cancelled. The reason? A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack,
A much-anticipated $2 billion borrowing from Florida’s Brightline passenger train could price as soon as next week — if the company succeeds in placing another roughly $2.75 billion of debt. Investors met this week with the Brightline Trains Florida LLC finance team, led by Morgan Stanley, in a series of meetings on the East Coast
The Puerto Rico Oversight Board is working to block a law that would decrease revenues for the Puerto Rico Electric Power Authority over the next 27 years by extending the solar net metering system. The board’s PREPA fiscal plan said the continuation of net metering, where solar panel users are credited with the retail price
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s “hush money” case hit a fresh snag on Thursday as one of seven painstakingly selected jurors was sent home after family and friends pieced together her identity from publicly reported details, while another
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The IMF has warned that the Israel-Hamas war is likely to have a long-lasting impact on the Middle East and north Africa, as its managing director said that Gaza’s economy was “wiped out”. In its