Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s household energy price cap is set to fall by 12 per cent in April following a drop in wholesale gas and electricity prices. Ofgem, Britain’s energy regulator, has set the price cap for
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
US campaign groups are spending millions of dollars to hire social media influencers with modest followings, seeking to sway voters from niche communities in tightly fought elections across the country in November.President Joe Biden has been wooing celebrity influencers, recently hosting a White House reception with several hundred viral internet stars with millions of followers,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turns out, Donald Trump still likes tariffs. In his bid for a second term, he is promising a 10 percentage point tariff increase on all America’s trading partners, and dangling a tariff on Chinese imports
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the year ending March 2023, construction began on 72,000 new homes in Houston, Texas, population 7.5mn: more than three times the 20,500 new homes started in London, whose population is considerably larger. In case
Two years into Russia’s full-scale assault on Ukraine, Europe’s defence industry is booming. The conflict and rising geopolitical tensions elsewhere, including in the Middle East, have boosted the order books of large established players and their suppliers. Global defence spending hit a record $2.2tn last year, while in Europe it rose to $388bn, levels not
A McKinsey-led think-tank advised China to deepen co-operation between business and the military and push foreign companies out of sensitive industries as part of a project for the central government in 2015. The recommendations in a book by the Urban China Initiative, commissioned by the Chinese government’s central planning agency, were among dozens of policies
Jeremy Hunt is under growing Conservative pressure to remove one of the UK’s most notorious tax cliff edges in his March 6 Budget, where some parents on middle incomes are hit with a 71 per cent effective tax rate. The UK chancellor has said he will fix the issue if he can afford to, although
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK consumer confidence waned in February, according to research company GfK, suggesting that the early optimism for 2024 has abated in the face of persistently high inflation. The consumer confidence index, a leading indicator of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Moon is officially open for business after the first commercial spacecraft successfully touched down on the lunar surface. After an eight-day flight, US-based Intuitive Machines’ unmanned Odysseus lander touched down safely on the lunar
S&P Global Ratings has revised the outlook on Chicago’s general obligation bonds to stable from positive, the rating agency announced Thursday. S&P affirmed its BBB-plus rating on the bonds. The downward revision reflects budgetary pressures that have not been counterbalanced by new revenue growth, S&P said. Specifically, S&P cited rising public safety labor costs, recent
Vice Media is set to stop publishing stories on its website and terminate “several hundreds” of jobs, the latest sign of distress among once-mighty digital media groups that had relied on web traffic for revenue. “It is no longer cost-effective for us to distribute our digital content the way we have done previously,” chief executive Bruce
In this article MELI CVNA SQ PODD LYV INTU BKNG Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty Images Check out the companies making
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A UK government-commissioned review into tackling political violence is poised to back wider use of special police orders to swiftly shut down public protest around democratic venues including parliament, council buildings and MPs’ offices. Lord
Reddit logos Dado Ruvic | Reuters Reddit’s initial public offering will include a quirk that allows some of its most active users to buy the stock. That could make the deal riskier for other investors. On Thursday afternoon, the social media company’s S-1 filing revealed that some Reddit moderators and other users would get the
Startup firm OpenYield is preparing to launch a digital fixed-income trading platform by the end of this quarter tailored toward retail investors. The fixed-income platform will focus on munis, along with Treasuries and corporates, said Jonathan Birnbaum, OpenYield’s founder and CEO. OpenYield can provide users with a “completely modern and equity-like trading experience because our
Municipals were little changed Thursday as muni mutual funds reported another round of outflows and the final deals of the week priced in the primary. U.S. Treasuries were weaker inside 10 years and equities rallied. Municipal bond mutual funds saw the third week of outflows, with LSEG Lipper reporting $11.4 million of outflows for the
Dispensing infrastructure spending, combined with the need for advising on the implementation of the Financial Data Transparency Act has the Treasury Department looking to the private sector for talent and expertise. Recent hires by Treasury seem to indicate the agency’s desire to bolster its staff with experienced experts from the private sector. The money flowing
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. A number of UK lenders have announced mortgage rate increases in a sign that the race towards more competitive offers is slowing, as the prospect of imminent Bank of England interest rate cuts fade.
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A New York judge has scolded a law firm for citing ChatGPT to support its application for “excessive” attorneys’ fees of up to $600 an hour. The Cuddy Law Firm had invoked the predictive artificial
Telluride, a ski resort destination in Colorado, is the first vacation town to sell municipal bonds for affordable housing this year. It likely won’t be the last. The reason for last week’s sale is immediately apparent by typing “Homes for Sale Telluride Colorado” in an Internet browser. The websites that appear show that anyone wanting