Detective Constable Joe Ryan arrived at a red-brick manor house in Hampstead, north London, early on the morning of October 31 2018. Ryan, a veteran money-laundering investigator with the Metropolitan Police, had obtained a warrant to search the property as part of an investigation into the activities of a 36-year-old woman named Jian Wen. A
Former U.S. President Donald Trump speaks to the media as he arrives at a Manhattan courthouse trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4, 2023. Mike Segar | Reuters If Donald Trump were
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For anyone who thinks the Conservative party is turning back towards its small state beliefs, may I present the Football Governance bill. This measure creates a new regulator for the business of soccer, designed to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak pointed to falling inflation as evidence that his economic plan was working on Wednesday as he attempted to launch an end-of-term fightback in the House of Commons. Speaking at prime minister’s questions, Sunak
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin has fallen 16 per cent from its all-time high last week, as the investor flows into new stock market funds that had driven a huge rally this year go into reverse. The world’s largest
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. For Donald Trump, it would not be seven times a charm. His first six bankruptcies all took place before he went into politics. Most of these occurred in two phases: in the early
On Thursday, southeast North Dakota residents voted down a $14.84 million bond referendum for the Oakes Public School District. The district is about 114 miles from Fargo, near the border with South Dakota. The general obligation bonds were to go toward HVAC and window replacements, Americans with Disabilities Act-compliant restrooms, underground sewer pipes replacements and
On Friday, the Chicago City Council’s Finance Committee will discuss $1.25 billion of general obligation and Sales Tax Securitization Corporation bonds that Mayor Brandon Johnson has urged the City Council to approve. But no vote will take place on the bonds as of yet. The Johnson administration is reportedly aiming to pass the bond measure
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If nothing else, Thames Water’s chair Sir Adrian Montague can be commended for courage. The City veteran agreed to oversee Britain’s biggest privatised water utility last July. Since then, fears over its financial health have
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. Finally some good news for people struggling to get on the property ladder. For too long, Americans have suffered from a convoluted property system that condemned them to pay some of the world’s highest commissions,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing has warned that it will burn more cash in the first quarter than previously expected as the US plane maker grapples with the consequences of the blowout of a door panel in mid-flight from
Townhomes are under construction on July 19, 2023 in Mundelein, Illinois. Scott Olson | Getty Images Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Christine Lagarde has said the European Central Bank will be unable to commit to a particular path of interest rate cuts once it starts to ease monetary policy, despite signs that wage growth has peaked
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. UK rental costs rose at a record pace in February, while house prices stabilised, according to official data. The average UK private rent increased by 9 per cent in the 12 months to February 2024,
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control. The consumer prices
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of Europe’s largest munitions maker Rheinmetall has said EU leaders should consider installing short-range air defence systems similar to Israel’s Iron Dome. Armin Papperger’s comments come as EU capitals are boosting military
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK chancellor has told one of Britain’s most successful entrepreneurs that he should run for parliament if he believed he could do a better job than the government, according to people familiar with the
Leading European and UK artificial intelligence start-ups have been lobbied to move their headquarters to rival nations, as they become targets in a global competition to develop cutting-edge technology. Germany’s Aleph Alpha and UK-based Synthesia and StabilityAI are among the fledgling AI companies that have been approached by officials from Canada and the UAE in recent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Financial markets are about to embark on a global stress test, essentially imposed by the superpower that is the US. Lots of institutions, particularly those outside the US, will fail it. From late May, in
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. Only a fool would say the people running the world’s top financial companies are fools. But when historians look back at Wall Street’s response to climate change in the third decade of the 21st century,
A pink dawn rises above the low-slung warehouses of Grimsby’s docklands while men in white coats and wellies call out prices for pallets of fish on ice. The fish are not caught locally but are instead mostly imported from Iceland. It is a far cry from the 1960s, when Grimsby was the biggest fishing port