Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator As soon as the White House press conference was over, the panic began. Responding to Donald Trump’s suggestion in April 2020 that injecting disinfectant might rid the lungs of coronavirus,
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Crypto is playing at dressing-up. This is a largely harmless exercise, but also a cunning disguise. The mission is to make the world’s wildest and most countercultural market look grown-up. On that front, the true believers
As Xi Jinping toured China’s central Hunan province last week, local officials were called forward to inform the nation’s powerful leader on their plans to accelerate the development of “new quality productive forces”. The slogan, rooted in 19th-century Marxist thinking, has in early 2024 become shorthand for Xi’s vision of economic growth underpinned by China’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The much-vaunted solid-state battery for electric cars is still years away from commercialisation with “a lot of showstoppers” blocking its development, said the head of the Chinese company that dominates the industry. In an interview
Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010. Emmanuel Dunand | AFP | Getty Images Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s
US stocks ended Tuesday slightly lower, changing directions in the last hour of trading in the second session of a holiday-shortened week. The blue-chip S&P 500 fell 0.3 per cent, while the tech-heavy Nasdaq dipped 0.4 per cent. The drop on Tuesday was unlikely to represent a longer-term trend for stocks, analysts said, as both
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s politicians are failing to champion UK trade and inward investment because of fears over reawakening old divisions on Brexit, the British Chambers of Commerce has warned. Goods exports and inward investment have struggled in
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The cryptocurrency firm chaired by former UK chancellor Lord Philip Hammond hosted a party where guests were served sushi off two scantily clad models, raising new questions about the culture of the industry. Copper, which stores
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has been banned from making disparaging statements about potential witnesses, jurors or prosecutors in his upcoming “hush money” trial, after a judge ruled the former US president’s posts could torpedo the case. The
A massive new-issue slate was the focus Tuesday, with investors digesting three large general obligation deals out of California, New York City and Washington, amid lighter but slightly weaker secondary trading. The onslaught of new-issuance and approaching month- and quarter-end led triple-A yields to rise up to seven basis points on the short end and
Houston would be able to accommodate the cost of a proposed settlement with its firefighters in the near term, but will need a revenue boost to prevent a structural budget gap from growing, City Controller Chris Hollins said Tuesday. Hollins, who took office in January, said he will have to certify if funds are available
Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of
New Jersey’s Transportation Trust Fund has been fully funded for another five years under legislation signed by Gov. Phil Murphy on Tuesday. The move provides billions of dollars to modernize and maintain the state’s transportation infrastructure. The law also provides additional capital funding to NJ TRANSIT to support local and county projects. “New Jersey sits
The Regents of the University of California plan to officially close its deal that redeems outstanding Build America Bonds via an extraordinary redemption provision despite the threat of an investor lawsuit. The Regents said in a supplement to its official offering statement they plan to proceed with the issuance of 2024 Series BV bonds, which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. NatWest Group’s new chief executive Paul Thwaite has slashed his executive committee to remove “unnecessary complexity” as the bank embarks on an era without the UK government as a controlling shareholder and prepares for a
Are we witnessing the return of fascism? Is Donald Trump, to take the most important contemporary example, a fascist? Is France’s Marine Le Pen? Or Hungary’s Viktor Orbán? The answer depends on what one means by “fascism”. But what we are now seeing is not just authoritarianism. It is authoritarianism with fascistic characteristics. We must
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli officials on Tuesday lashed out at a UN Security Council resolution calling for a ceasefire in Gaza, claiming it had encouraged Hamas to reject a deal to free the Israeli hostages it is holding
S&P Global Ratings affirmed its A-minus underlying rating and negative outlook for Texas-based IDEA Public Schools, while warning of potential governance risk associated with the state’s appointment of conservators that could lead to a downgrade. Under a settlement agreement announced earlier this month with the Texas Education Agency (TEA), two conservators will oversee and direct
Tragedy struck a main span of the Key Bridge in the Baltimore Inner Harbor at 1:30 am Tuesday when the Singapore-flagged container vessel Dali crashed into a bridge support, toppling the bond-financed toll bridge. As of this morning, six people are missing in the catastrophe that is currently being attributed to the freighter losing power
During a 35-year career climbing from a trading desk to Oppenheimer & Co. Inc’s head of public finance, Elizabeth Coolidge has seen, and helped foster, an improved atmosphere for women across the public finance industry. Starting out in 1988 at a trading desk, “you had to have a really thick skin,” Coolidge said. “The things
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Once again, Donald Trump is defying the establishment. The blank cheque merger phenomenon that swept US capital markets during the pandemic has largely abated. Cash shell companies brought a series of immature businesses to public