George Galloway’s emphatic win in the Rochdale by-election demonstrates the anger felt by many Muslims over Labour’s position on Israel but also points to a deepening frustration with Britain’s political establishment ahead of this year’s general election. Galloway, in his trademark black fedora, warned that his victory in the town near Manchester would mark a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin prices are at fresh record highs in many currencies. In dollars the cryptocurrency is up more than 40 per cent over the past month. The $69,000 intra day high set in 2021 is within
Washington State lawmakers approved a $14.6 billion supplemental transportation budget that adds $1 billion to the 2023-25 biennium budget approved in July. The House approved the bill on Saturday in a 93-to-2 vote, while senators voted 48-to-1 in favor Tuesday. The budget prioritizes roadway preservation and funding for Washington state ferries. Lawmakers have until March
February volume surged year-over-year as pent-up issuance needs, increased investor demand and a more stable muni interest rate environment led issuers to come to market. February is a historically low issuance month and 2023 levels — the lowest month of issuance in a down year — were low even for February standards, so the total
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ahead of Wednesday’s Budget, Labour politicians would have you believe that the UK’s economic problems stem from Liz Truss’s brief and disastrous spell as prime minister. Shadow chancellor Rachel Reeves criticises “the misery that this
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has filed a lawsuit against OpenAI and its chief executive Sam Altman, alleging the ChatGPT-maker’s multibillion-dollar alliance with Microsoft has compromised the start-up’s original mission of building artificial intelligence systems for the benefit
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of people gathered outside a church in south-eastern Moscow where Alexei Navalny is to be buried ahead of the Russian opposition leader’s funeral on Friday. Navalny, Russia’s most prominent critic of President Vladimir Putin
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. George Galloway — standing for the Workers Party
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices rose more than expected in February, posting their first annual increase in more than a year according to lender Nationwide, adding to evidence of a market recovery as mortgage rates eased.
Aerial view of the roof gardens at Gasholder Park in Kings Cross, London. Richard Newstead | Moment | Getty Images The U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region’s strained property market. An anticipated fall in interest rates and modest economic revival will
It was around a decade ago that Chad Hutchinson, a former US athlete turned investor, first looked into financing a Formula One racing team. But the onetime National Football League quarterback just could not get comfortable with the idea. It was not just the teams’ lack of profitability that worried him but the dynamics of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt is clearly keen to cut taxes in next week’s UK Budget. But money is tight. One strategy would be to go ahead, pay for it by squeezing future public services spending and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Tim Cook told Wall Street a month ago that Apple would unveil new artificial intelligence features this year, he broke with the company’s normal practice of not talking about a new technology until it
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. George Galloway has won a divisive by-election contest in Rochdale with the firebrand politician threatening to inflame tensions in the UK parliament over Israel’s offensive in Gaza. Galloway won 12,335 votes on a 37.6 per
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy has showed further signs of sluggish momentum as factory activity slowed, increasing pressure on President Xi Jinping to do more to boost growth days before Beijing opens its annual flagship political event. The
The leaders of major news organisations across the world have signed a letter of support for journalists covering the war in Gaza after close to 100 media workers have been killed during the conflict. “Journalists and media workers in Gaza — overwhelmingly, the sole source of on-the-ground reporting from within the Palestinian territory — have
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The co-founders of Trump Media & Technology Group have sued the company, alleging that executives including Donald Trump are manoeuvring to dilute their stake in the business through a “last-minute stock grab” as the former
Municipal bond mutual funds saw small inflows, the secondary market showed constructive trading with firmer prints in spots and the asset class is likely to see slightly positive returns for the month. Equities ended in the black, with the Nasdaq leading the rally. Triple-A yields were bumped a basis point or two, depending on the
A wave of tax cuts that states passed amid COVID-related surpluses may prove a financial problem for the medium and long term, analysts said Thursday. “The examination of states’ post-pandemic fiscal trajectories reveals a concerning trend: revenue growth has decelerated in many states and the implementation of permanent tax cuts could leave some with depleted
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt has been urged by Conservative colleagues not to put “politics ahead of economics” as he considers last-minute plans to scrap or scale back Britain’s “non-dom” tax rules. Hunt and Prime Minister Rishi
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has been accused of “talking down” Britain with “irresponsible” rhetoric after he claimed there was a “growing consensus that mob rule is replacing democratic rule” in the UK. The prime minister triggered a