Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU countries are set to agree a new €5bn top-up to a fund used to finance military shipments to Ukraine, as the US managed to scrape together $300mn more in ammunition and artillery for
Former U.S. President Donald Trump speaks as he arrives at a Manhattan courthouse, for the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023. Brendan Mcdermid | Reuters Former President Donald Trump has
In the annals of royal family PR disasters, the bodged attempt by Catherine, Princess of Wales to release the perfect Mother’s Day portrait of herself and her three children by digitally altering an image, was hardly the worst. But it has had the opposite of the desired effect. Rather than providing reassurance about the princess’s
Private entities pitching Florida local governments on unsolicited public-private partnerships would face less competition and a smoother approval process under a bill that the Legislature passed and sent to Gov. Ron DeSantis last week. Senate Bill 781 would allow a local government to enter into an unsolicited proposal for a P3 without engaging in a
A yearend rally led to ownership growth by most sectors in the fourth quarter fueled by a surge in retail, separately managed account buying and an uptick in institutional holdings, while year-over-year data shows the continued trend of dwindling bank holdings and dramatic drops in overall ownership by life and property and casualty insurance companies
A new study shows that coastal communities may be more at risk from sea-level rise than previously thought. That could have profound impacts on real estate, infrastructure and the U.S. economy. The sea level is rising as the earth heats and glaciers melt. At the same time, land is sinking—another detrimental result of climate change.
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Skynesher | E+ | Getty Images Factors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts. Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and
Seventeen years after Branson Airport issued bonds to fund the construction of an airport that opened in May 2009, it is again asking for forbearance from bondholders as it seeks federal funds for upgrades. Bond trustee UMB Bank last month filed notice to bondholders that the airport’s leaders want to pursue federal grant funding for
Taxable munis are outperforming tax-exempts, U.S. Treasuries and corporate bonds because of a dearth of taxable muni supply and a macroeconomic picture that is favorable for the sector. Taxable munis have returned 1.48% month to date and 0.29% year-to-date while investment-grade munis have seen 0.44% returns so far in March and 0.05% year-to-date. USTs are
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation increased unexpectedly to 3.2 per cent last month, in data set to be scrutinised by the US Federal Reserve as it decides when to reduce interest rates. Economists polled by Bloomberg had expected
The authors both recount a trajectory from wonder to exhaustion and alienation . . . © Raymond Depardon/Magnum Photos . . . ‘The better they performed, the more stressed and anxious they became’ © Raymond Depardon/Magnum Photos A young man — the protagonist is traditionally male — goes to Wall Street to seek his fortune. He suffers a hazing ritual
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 Ahead of the latest US consumer price data, it has been yo-yo time at the world’s two leading central banks. After spending most of February and early
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 1962, after making a powerful speech, the then leader of Britain’s Labour party sat down to a deflating review from his wife. “All the wrong people are cheering.” She meant the left. What enthused
New Mexico Gov. Michelle Lujan Grisham signed a fiscal 2025 budget last week as she wrapped up action on legislation that did not include a bill to begin financing her $500 million strategic water supply proposal for the drought-prone state. The $10.2 billion spending plan for the fiscal year that begins July 1, marks a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK mortgages in arrears hit a seven-year high in the final quarter of 2023, according to official data that underlines the impact of high borrowing costs on households. The proportion of total loan balances with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Switzerland’s attorney-general has opened a criminal investigation into alleged violations of its Russia sanctions by an unnamed company, in the first sign that the country is willing to prosecute groups for doing business with Moscow.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu’s ruling coalition is “in jeopardy”, according to a US intelligence assessment that highlighted mass protests against Israel’s prime minister and the prospect of looming elections. The conclusions over Netanyahu’s precarious political position were
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has mounted one of the most wide-ranging attacks inside Russia in months, hitting energy sites and a major oil refinery in drone strikes on at least seven regions. More than two dozen drones
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cross-border fire between Israel and Hizbollah escalated sharply overnight, as Israeli jets struck targets deep inside Lebanon and the militant group responded with some of the largest rocket barrages on northern Israel since the start
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK wage growth continued to slow in the three months to January, confirming the Bank of England’s view that inflationary pressures were easing in the economy. The Office for National Statistics said average earnings, including
The price of gold has surged 7 per cent in just over a week to hit record highs, leaving longtime market watchers struggling to explain what has been one of the yellow metal’s most curious rallies. The sudden price move has lifted the haven asset above its previous peak reached in December to hit nearly