Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Angela Rayner, deputy leader of Britain’s Labour party, has refused to publish the tax advice she received in relation to the sale of a house over a decade ago — saying she would only do
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. We can make peace in the culture wars. These seemingly unending conflicts about a constellation of race, gender and speech issues may turn out to belong to a limited period of specifically American history:
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 Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. I was wrong: I said a couple of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water said its shareholders will no longer provide £500mn of fresh equity by the end of the month over fears that conditions imposed by the industry regulator make the company’s business plan “uninvestible”. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stock traders have begun placing bets on an upsurge of volatility around November’s US election, which is shaping up to feature a tense rematch between President Joe Biden and his predecessor Donald Trump. Futures contracts
If you want to live, dig, goes the adage by which Ukrainian soldiers have lived since Russia’s all-out invasion two years ago. The deeper their trenches, the better protected they are from exploding shrapnel and snipers’ bullets. “It’s still true,” said Yevhen, a soldier on the eastern front. “But now, if we don’t want to
From below, the ALTIUS-600M looks like a black cross sailing through the sky. It has a slender fuselage and a stretched wingspan that makes it twice as wide as it is long. Up close, it’s a blend of metal and circuitry, a sleek and ominous testament to human ambition. It is also one of the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blockbuster deals more than doubled in the first quarter of this year, signalling a nascent recovery in the mergers and acquisitions market following a lengthy drought. The number of takeovers worth at least $10bn jumped
You can enable subtitles (captions) in the video player Their only hope… this is a memento. They are… All right, I’ll get the map. OK, let’s do that again. There’s another one for the scrapbook. This is Sketchy Politics: To Boldly Go! Robert, we haven’t had a chat for a while. No. But I feel
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. When the Tokyo stock market closed on Wednesday afternoon, the sun was shining, a weekend of cherry blossoms lay in prospect and the once leaden-footed Topix index — the broad benchmark of corporate
Scotland has lost up to £100mn a year in salmon exports to the EU because of red tape and increased costs associated with Brexit, according to data from trade body Salmon Scotland. The volume of Scottish salmon exports to the EU last year dropped 17 per cent to 44,000 tonnes from 53,000 tonnes in 2019.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that is necessary for its survival.
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. A top Federal Reserve official has said “disappointing” inflation data means the US central bank should “push back” the timing of cutting interest rates from their current 23-year high. Christopher Waller, a Fed governor and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour leader Sir Keir Starmer will on Thursday ask all towns and cities in England not covered by devolution deals to form groups to bid for new powers of their choice, as he launches the
Traders work on the floor at the New York Stock Exchange on March 13, 2024. Brendan McDermid | Reuters A new company will try to crack the code of integrating artificial intelligence and investing, and it will be mostly focused on helping individual traders make buy and sell decisions. The firm, called iFi AI, launches
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A green energy tycoon who plans to donate £5mn to the UK’s Labour party has been ordered by the High Court to inform his wife before he hands over more cash. Lawyers acting for Dale
Municipals were mixed Wednesday, but selling pressure was evident on the short end, as few deals of size priced in the primary market and balances from Tuesday’s large new-issues were digested. Munis underperformed a stronger U.S. Treasury market while equities ended up. Despite weakness Wednesday and Tuesday, munis have “held in pretty well,” with yields
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon has committed a further $2.75bn to artificial intelligence start-up Anthropic, strengthening its ties to the company as Big Tech’s race to dominate the booming AI sector intensifies. The deal is Amazon’s largest ever venture
Lack of operating Puerto Rico Electric Power Authority generating capacity has raised concerns about PREPA’s ability to provide adequate service and about bondholders’ ability to gain a better recovery if they win an appeal. Last week, Genera PR, the private operator of PREPA’s generation system, released a status summary of PREPA’s generation facilities as of
A Washington state hospital district’s ratings fell further into junk territory and were placed on review for further downgrade, reflecting what Moody’s Ratings called “severe and immediate liquidity challenges.” Moody’s downgraded to B1 from Ba3 Whidbey Island Public Hospital District’s Series 2013 unlimited tax general obligation (GOULT) bonds affecting $43.9 million in debt. Moody’s also
Investors and credit rating agencies are weighing how much effect the collapse of the Francis Scott Key bridge in Baltimore’s inner harbor will have on the local economy and logistics on the East Coast, though early indications suggest no drastic credit impact. Early Tuesday morning the Singapore-flagged container vessel Dali lost power and crashed into a