Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A new Abu Dhabi investment company is in talks to back OpenAI’s ambitious chip venture, in the latest effort by the United Arab Emirates to become a global powerbroker in the development of artificial intelligence.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has sought to reassure business leaders that they will have a say in shaping the party’s workers’ rights plans if Labour wins the next general election. The Labour leader has dispatched senior
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The “Wendy’s Dave’s Triple” is a fast-food offering that stacks two possessives and three hamburgers. I am not sure how easy it is to swallow in either regard, but what has really been sticking in
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The western world has a growth problem. From the postwar boom to the global financial crisis in 2008, gross domestic product per head in G7 countries drifted higher by the decade. But for the past
On the morning of August 12 2020, the day he decided to fight the Uber Eats algorithm, Armin Samii woke earlier than usual. He dressed, made coffee and sat down at his computer where he remained for the next 16 hours, coding a web application and filming videos to show other couriers how to use
Russian oil tankers circumventing western sanctions are relying on insurance that appears impossible to claim against, according to leaked documents exposing the risks taken by Moscow’s “dark fleet”. The cache of shipping files, seen by the Financial Times and the Danish media group Danwatch, reveals that a number of Russian vessels travelling from the Baltic
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief strategist global gas at S&P Global Commodity Insights Will Europe go back to Russian gas? The EU has vowed to give up once and for all its “addiction” to Russian gas,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ByteDance’s US investors are reviewing a range of options to address US government concerns over TikTok while salvaging their investments, including steps to take voting control of the popular video-sharing app, said people familiar with
Argentina’s senate has rejected a sweeping emergency decree issued by president Javier Milei to deregulate the economy, serving a major blow to the libertarian leader. Senators voted 42 to 25 to reject the decree, with four abstentions. Issued in December, Milei’s plan modifies or eliminates more than 300 regulations on areas such as the rental
Municipals were weaker Thursday, but outperformed U.S. Treasury market losses, as the final large deals of the week priced, including several housing issues. Equities ended down. Municipal bond mutual fund inflows continued for the third consecutive week as LSEG Lipper reported investors put $295.5 million into the funds for the week ending Wednesday with high-yield
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Rishi Sunak has ruled out calling a general election in May, dashing the hopes of opposition MPs who believed there could be a new UK government by the summer. Sunak told ITV news
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US-Israel relationship erupted on Thursday after America’s most prominent Jewish politician called for Benjamin Netanyahu’s hardline government to be replaced, accusing him of weakening his country’s “political and moral fabric” and being an “obstacle
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. RedBird IMI is leaning towards a full sale of the Telegraph Media Group following the UK government’s decision to block its Abu Dhabi-backed takeover of the rightwing newspaper, according to two people with knowledge of
In an April 2 special election, voters in Missouri’s Jackson County, home of Kansas City, will decide whether to impose a countywide sales tax to direct more than $50 million per year for 40 years toward a new ballpark in the Crossroads district of midtown Kansas City. In addition to funding a new stadium for
IDEA Public Schools in Texas will operate under state oversight as part of a settlement agreement with the charter school network, which was the target of a probe since 2021 into alleged financial and operational improprieties. The Texas Education Agency (TEA) appointed two conservators to oversee and direct IDEA’s actions, facilitate a needs assessment, conduct
BofA Securities has hired three former Citi employees to help it grow and expand into aviation technology and housing securitization. The latest hires from Citi are Bob DeMichiel as a managing director and senior investment banker for the airline and transportation sector, and Raymond High and Mike Koessel as directors and senior investment bankers for housing and securitization. “These
A rally in Italian government bonds has narrowed the closely watched gap between the country’s borrowing costs and Germany’s to the lowest level in more than two years, as investors become increasingly optimistic about the prospects for Italy’s economy and position for interest rate cuts. The so-called spread, or gap, between 10-year borrowing costs in
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. The writer is the author of several books on the City and Wall Street “We’re not a . . . bank” says Nationwide’s website. “In that case, why are you considering buying one?” the mutual’s members might ask
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. There are not many issues that attract bipartisan support in Washington these days. TikTok, however, is one. On Wednesday, the House of Representatives passed a bill to ban the social media app unless it is
Fitch Ratings affirmed the A rating on Miami-Dade County, Florida’s $1.8 billion of senior lien seaport revenue bonds issued for the county’s seaport department, PortMiami. The rating outlook is stable. The senior lien bonds are secured by a first-lien pledge of seaport net revenues. Fitch has also rated the $442.5 million of the county’s Series
Portra | E+ | Getty Images Spring is almost here — and people looking for a new rental face a competitive market. Asking rent prices in the U.S. jumped to $1,959 in February, according to Zillow Group’s latest Rental Market Report. That’s up just 0.4% from the month prior, but a 3.5% increase from a