Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. England has experienced its wettest 18 months since records began in 1836, leaving farmers struggling to plant crops in waterlogged fields and transport networks disrupted by flooding. Climate change has exacerbated weather events around the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has agreed to pay $490mn to settle a class action accusing chief executive Tim Cook of misleading investors in 2018 by exaggerating demand for the iPhone in China. Investors claimed Cook overstated demand for
Property insurers’ growing reluctance to insure homes exposed to severe weather should raise a red flag for the municipal bond market, which so far has shrugged off risks but will soon have to grapple with major climate-driven shifts in credit quality and bond prices. That’s according to panelists who spoke Thursday during a webinar titled
The Municipal Securities Rulemaking Board held the first of its two stakeholder meetings on Thursday, gathering trade groups representing the professionals from which the board derives its fees to discuss its now abandoned rate card model, the volatility of its fees and how many of its fees and expenses are allocated. According to both members
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Investors have fallen into line with the Federal Reserve’s expectation that it will cut interest rates just three times this year, after a months-long stand-off between markets and the central bank. Following a run
Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. Reckitt’s share price plummeted as much as 20 per cent after a jury in the US awarded $60mn in damages to a mother who said her baby died after consuming the company’s Enfamil
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Investors poured a record amount into US equity funds last week, snapping up technology stocks and shrugging off concerns over sticky inflation. US equity funds drew $56bn of funds in the week to March 13
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A judge in the state of Georgia has ruled that the district attorney prosecuting Donald Trump for election meddling may continue leading the case as long as the outside lawyer with whom she had a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So high is the level of hysteria, it wouldn’t be surprising to discover that Princess Catherine has pricked her finger on a spinning wheel and fallen into an enchanted sleep. Since she went into hospital
Hawaii Department of Transportation airport division revenue bond ratings and bonds issued by the state backed by car rental fees were upgraded by Fitch Ratings, which cited full recovery on enplanements. Fitch upgraded the airport’s $1.7 billion in revenue bonds to AA-minus from A-plus and $111.6 million in certificates of participation to A-plus from A
Dealers are stepping up lobbying efforts and bringing the Municipal Bonds for America Coalition, a group headed by Bond Dealers of America, back into view as the tax debate begins again. The coalition, comprising investors, underwriters, municipal advisors, insurers and bond counsel has pounced on the idea of tax reform after President Biden made tax
The writer is a historian, philosopher and author The Israeli-Palestinian conflict is fuelled by the mutual horror of destruction. Each side fears the other wishes to kill or expel it, and terminate its existence as a national collective. Unfortunately, these are not irrational fears born out of paranoia, but reasonable fears based on recent historical
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK government’s top infrastructure adviser has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias. Sir John Armitt,
To toll, or not to toll, that is the question for Oregon lawmakers as they continue work on a comprehensive plan to create a sustainable revenue stream that will support the state’s transportation infrastructure. Oregon Gov. Tina Kotek sowed confusion on Monday when she halted plans to toll Portland-area freeways, citing uncertainty about freeway project
Philadelphia Mayor Cherelle Parker delivered her $6.29 billion fiscal 2025 budget, five-year financial and strategic plan and six-year capital program to the City Council on Thursday, with plans to hit the bond market. The fiscal 2025 proposed capital budget requests about $295.67 million in new city-backed general obligation bond borrowing and $583.38 million of prior
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has urged western allies to fund its domestic weapons production with its recently ramped up manufacturing capacity now vastly exceeding the money available for orders. “The fastest way to start production is to
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK public expectations for inflation have fallen to the lowest in well over two years and close to their long-term average, according to official data that will reinforce the case for interest rate cuts by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is deputy director of the Institute for Fiscal Studies The non-dom rules are finally being scrapped. No longer will the UK base taxation on the antiquated concept of domicile — a highly subjective
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned. Three people with knowledge of its finances said the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s war cabinet was set to convene on Friday to discuss the latest Hamas response to a potential ceasefire deal in the Gaza war that would also allow for the release of Israeli hostages. Qatar,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unions representing millions of UK workers have called on the Labour leadership to commit to scrapping state pension age rises, saying they could push retirement out of reach for today’s young. The call came from