Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iceland plans to prioritise food security over financial gain, planting corn and curbing bitcoin miners as the island state strives for more self-sufficiency in a hostile world. Prime Minister Katrín Jakobsdóttir told the Financial Times
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. Four years ago this month, I boarded an eerie, near-deserted flight from Los Angeles to Washington. (A week earlier, it would have been full.) The Uber driver who picked me up from a ghost
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This weekend marks the first anniversary of the scariest moment in European banking of the past decade. It was a testing time. US regional banks that frankly most Europeans had never heard of but were
Call it the Nadella variation. It might sound like a diabolical move in a chess match, but it is in fact a useful term to describe the latest calculated corporate gambit by Satya Nadella, Microsoft’s chief executive. Tech companies often try to poach teams of smart employees through so-called acquihires: acquiring a start-up to hire
Municipals were steady to end the week ahead of a surge in supply, helped by three billion-plus deals. U.S. Treasuries were firmer and equities were mixed. While USTs yields fell up to five basis points late in the session Friday, they sold off for most of this week, with various market participants seeing “even more
Chicago Mayor Brandon Johnson’s proposed real estate transfer tax change — also known as the mansion tax or Bring Chicago Home — was defeated in Tuesday’s election. The city has said the revenue generated from the tax would go to fight homelessness in Chicago. About 53.6% of Chicago voters had rejected the measure by Wednesday,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Catherine, Princess of Wales, has said she is receiving treatment for cancer that was discovered after she underwent major abdominal surgery in January. In a video clip recorded in Windsor on Wednesday, and released on
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