Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has said in a long tirade on social media that he might need to sell his assets to postpone enforcement of a $464mn fraud judgment, after his lawyers declared they could not find
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK tax authority has been condemned for a “misguided” decision to slash the number of its public helplines, with warnings that millions of taxpayers could face “long waiting times and lots of hassle”. HM
The average annual Wall Street bonus slipped 2% to $176,500 in 2023 from the $180,000 average reported in the prior year, according to New York State Comptroller Thomas DiNapoli’s annual estimate released Tuesday. While profits at Wall Street firms increased 1.8% last year, DiNapoli said securities companies have taken a more cautious approach to compensation.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Conservative party has been fined almost £11,000 by the UK electoral watchdog after it failed to report accurately non-cash donations from a donor for three years. Donations in the form of a seconded employee
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This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday Today, Japan ended an eight-year period of negative interest rates after gaining confidence that the country has defeated deflation for good. More on that below. Similar fireworks
The political headaches that have long plagued Build America Bonds in the form of annual subsidy cuts may dampen interest in President Joe Biden’s new direct-pay tax credits while highlighting the value of the traditional tax exemption and even sparking new infrastructure finance proposals, market experts said. “The exposure to the vacillations of the federal
Texas laws that bar investment banks from underwriting state and local government debt if their policies are deemed harmful to the fossil fuel or firearms industries will have negative consequences for taxpayers and the business climate, according to a study released last week by a state business group. The study, conducted for the Texas Association
Artificial intelligence is moving into the housing space, specifically architecture. ICON, which developed one of the first fully 3D-printed housing developments in the U.S., is taking automation another step further. It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the plans, making the process cheaper
Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. Central bankers are increasingly confident that inflation can be vanquished without driving up unemployment sharply, as economists forecast “immaculate disinflation”. Analysts polled by Consensus Economics see inflation easing from multi-decade highs to about 2 per
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Urban Development Corporations. The Regional Development Agencies. The Local Enterprise Partnerships. Then, in the last decade, as merciful relief from this grinding, almost Soviet language: the “Northern Powerhouse”. Whatever they called it, every British
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe’s investment banks have cut bonuses for a second straight year following a prolonged slump in dealmaking and listings that is now finally showing signs of ending. Deutsche Bank and BNP Paribas have
Democratic presidential hopeful and former Vice President Joe Biden in Las Vegas, Nevada on February 22, 2020. RONDA CHURCHILL President Joe Biden will visit the battleground state of Nevada Tuesday to take aim at corporate landlords, who the White House claims are keeping rents artificially high even as overall inflation has eased. Biden’s attack on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apathy and anticlimax are what a central bank aspires to when the time comes for a momentous policy decision. By this measure, the Bank of Japan’s return to positive interest rates was a triumph —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever is to split off its ice cream business and cut 7,500 jobs as the consumer goods group steps up efforts to improve its performance. The company said on Tuesday that the ice cream division,
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Cynicism about artificial intelligence is here, but it is unevenly distributed. There is not enough scepticism about the technology’s applicability in a variety of fields in the business world, and too little awareness of how
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Billionaire investor Nelson Peltz plans to vote for Donald Trump, saying his assessment that President Joe Biden’s “mental condition is really scary” outweighed his concern over the January 6 2021 attack on the US Capitol.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A second successive jump in the UK minimum wage will keep the Bank of England on high alert for signs of pay growth feeding inflation, even as broader price pressures in the economy start to
Pay rises in Clayton County, home to Atlanta’s vast airport and highways carrying cargo to and from the state’s bustling ports, were the best in the US over the past year. Yet Sam Day, an insurance adviser who works in the county’s Southlake Mall, said she was in a “really scary spot”, as the soaring
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of Japan has raised interest rates for the first time since 2007, becoming the world’s last central bank to end negative rates as the country puts decades of deflation behind it. Following a
Nvidia has unveiled its latest artificial intelligence chips, which the company claims are far more powerful than its existing market-leading hardware, as it sets its sights on extending its domination of the burgeoning industry. Chief executive Jensen Huang said on Monday that Nvidia’s new Blackwell graphics processing units will massively increase the computing power driving