At least 40 people died and more than 100 were injured after attackers opened fire at a large concert venue in Moscow late on Friday and a blaze took hold of the building. At least four men dressed in camouflage burst into the Crocus City Hall concert venue on the outskirts of Moscow, where a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Magnum has been running television ads in the UK in which a woman finds to her dismay that her partner has brought home a private-label version of the chocolate-covered ice cream on a stick. “He
In a majority vote, the California Public Employee Retirement System board came out against a state initiative headed for November’s ballot that would limit the ability of state and local governments to levy taxes and make pension contributions. The initiative, called the “Taxpayer Protection and Government Accountability Act,” would amend the California constitution altering the
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Marjorie Taylor Greene, the hardline Republican congresswoman and close ally of Donald Trump, has launched a bid to oust Mike Johnson as Speaker of the House of Representatives, as chaos gripped the party’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s social media business will become publicly listed after shareholders of a blank-cheque company approved the deal, unlocking a potential $3bn-plus windfall for the former US president as he seeks cash to cover massive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If economic growth could be conjured by words, Britain would be as rich as Norway by now. Although inflation is falling and real wages are on the up, there is a sense that the country
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US resolution calling for an immediate ceasefire in Israel’s war in Gaza was vetoed by Russia and China in the UN Security Council on Friday. The US proposal was the clearest signal to date
While a move to raise New York City’s borrowing capacity by $12 billion is reasonable and sufficient for the city to meet future capital needs, the debt service threshold must be kept within safe limits, officials say. Letting New York City sell more bonds will allow it to meet its capital needs over the next
New York City is stepping up to the plate on Tuesday with the second biggest bond sale of the week, a $1.45 billion issue of general obligation bonds. Set to be priced by Jefferies on Monday for retail investors and on Tuesday for institutions, the tax-exempt GO deal is tentatively structured in four series with
Ryan Hallam, who spent nearly three decades at Citi, has been hired as a managing director and co-head of high-yield trading on Piper Sandler’s fixed-income team. Hallam will handle high-yield muni sales and trading, focusing on large institutional accounts. “As we look to grow our market share in the municipal industry, Ryan’s tremendous experience and
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The Kremlin has admitted that Russia is in a “state of war” amid a push to increase domestic support for President Vladimir Putin’s invasion of Ukraine after previously calling it a “special military operation”.
The most common question I’m asked is: “In your photo, why is your head upside down?” Readers often query too why a supposed expert is not retired after three decades of investing (see my first column for the answer). I also receive hundreds of emails about portfolio measurement. Not only has the absence of returns
At lunch as in business, Nelson Peltz makes his preferences known. Sweeping past the row of pink bougainvillea into Trevini in Palm Beach, the octogenarian activist investor and father-in-law of Brooklyn Beckham greets me, then turns to the waiter: “Can you turn the music down? We have important stuff to talk about.” It’s the proprietor’s
The state of Washington is the second large issuer to face pushback from investors as it heads to market with a deal to refund Build America Bonds using extraordinary call provisions. Wells Fargo Securities, leading a seven-bank syndicate, plans Tuesday to price $1.08 billion of Washington state motor fuel tax and vehicle related fees refunding
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. The FTSE 100 index closed in on its all-time high on Friday as stocks in the US and the UK headed for their best week this year, boosted by signals that major central banks are on
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Brussels has proposed cutting grain imports from Russia and Belarus by levying tariffs to increase pressure on Moscow and appease protesting farmers across the bloc, as some EU leaders press for tougher curbs on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aston Martin has named Bentley CEO Adrian Hallmark as its next chief executive, the third change of leadership at the UK luxury-car maker in the space of four years. Hallmark, who also previously worked at
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has made a targeted attack on Ukraine’s energy infrastructure, hitting multiple sites before dawn on Friday in the second consecutive day of major missile strikes on the country. President Volodymyr Zelenskyy said Moscow
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British retail sales beat analysts’ expectations of a contraction and remained flat in February, as growth in clothing purchases offset falling food sales. The quantity of goods bought in Great Britain was unchanged between January
Global chief executives including Apple’s Tim Cook, ExxonMobil chair Darren Woods and HSBC’s Noel Quinn will attend China’s version of Davos in Beijing this weekend, as international criticism mounts that Chinese industrial oversupply could lead to a “slow-motion train accident” for world trade. Almost 90 CEOs, as well as heads of multilateral organisations such as
A famed Apple advertising campaign exhorted customers to “think different”. In a sweeping antitrust lawsuit the US on Thursday alleged that the iPhone maker had betrayed that slogan, locking millions of its users into a powerful monopoly that has made it one of the most valuable companies in the world. The long-awaited lawsuit is a watershed