An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Neil Shen, China’s most prominent technology investor, acquired permanent residency in Singapore as tensions rose between Washington and Beijing, according to two people familiar with the matter. The billionaire founder of Sequoia China, renowned for
Vladimir Putin’s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power, according to leaked Russian military files that include training scenarios for an invasion by China. The classified papers, seen by the Financial Times, describe a threshold for using tactical nuclear weapons that is lower than
In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of
Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator Should a corporate figure hold the purse strings for publicly funded UK science? The idea has emerged after Dame Ottoline Leyser said she would step down in 2025 as chief
Stay informed with free updates Simply sign up to the Politics myFT Digest — delivered directly to your inbox. The elections taking place around the world this year are some of the most consequential in modern history — and yet they somehow have all the appeal of a contest for student council president. For these
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In less than two years, French President Emmanuel Macron has gone from would-be peacemaker with Vladimir Putin to one of Europe’s most hawkish voices on Russia and the generational threat it poses to the region’s
The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or those worth $30 million or more,
England’s town halls are being “forced to the pawnshop” in an unsustainable fire sale of assets aimed at temporarily staving off bankruptcy, councils and experts have warned. Local authorities are preparing to sell off hundreds of millions of pounds’ worth of land and buildings as a long-term funding squeeze shows no sign of being alleviated
Beyond Meat shares doubled in extended trade after the meat-free burger maker promised “steep” cuts to its operating costs in 2024 and to charge more for its plant-based products. Shares of the company, which are highly shorted, briefly doubled in after-hours trading on Tuesday to a six-month high, before cooling to a gain of about
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter. Known as “Project Titan”, Apple’s electric
Municipals were steady in secondary trading Tuesday as several large deals in the primary market took focus, including the retail pricing for the $1.5 billion-plus deal of general obligation bonds from New York City. U.S. Treasury yields rose 10 years and out and equities were mixed near the end of the trading session. Other large
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is lobbying the government and industry regulator Ofwat to let it increase bills, pay dividends and face lower fines as it seeks to avoid a potential multibillion-pound taxpayer bailout. Britain’s largest water monopoly
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A public spat between the ousted chair of the Post Office and the UK government descended into further mudslinging on Tuesday after he claimed the state-owned company’s boss was under investigation for misconduct. Henry Staunton
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. US President Joe Biden and top congressional Democrats piled pressure on Republican Speaker of the House Mike Johnson to sign on to more US aid for Ukraine in a rare White House meeting
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden is facing an electoral test in Michigan on Tuesday as a group of voters in his Democratic party use a primary election to register their anger at his support for Israel in its
Oklahoma will stop collecting state sales tax on groceries under a bill signed into law Tuesday by Gov. Kevin Stitt, who said he is still seeking a reduction in personal income taxes. The elimination of the 4.5% sales tax, which will cost the state around $400 million annually, was overwhelmingly passed by lawmakers. “By cutting
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McKinsey claimed in marketing materials that it had advised the Chinese central government on boosting domestic consumption and reforming healthcare policy, raising fresh questions over the consulting firm’s denial that it ever worked for Beijing.
Broker dealers are divided over whether small firms should be dealt more relaxed regulation and compliance standards, or be subject to uniform standards that treat large Wall Street banks and single person firms the same in the eyes of the Municipal Securities Rulemaking Board. The dueling sentiments came through in response to the MSRB’s request
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The S&P 500’s record-breaking start to the year was followed last week by the Stoxx Europe 600, which hit an all-time high and surpassed its previous peak in January 2022. Stock watchers are used to
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty Images The apartment market is finally loosening up. At the same time, competition is heating up in some key markets. There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight