Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Allies of UK Prime Minister Rishi Sunak are braced for more rebels in his Conservative party to publicly demand his exit, as rightwingers warned that defeats in two looming by-elections would deal another hammer blow
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Donald Trump won the US presidential election in 2016 America’s allies around the world reacted with consternation and shock. They will have no such excuse if he wins again in November. His victory in
The state of Maryland, already reeling from a transportation budget cut is absorbing another hit as Fitch Ratings changed the outlook on $100 million of private activity revenue bonds series 2022A and $543.5 million of series 2022B PABs from stable to negative. Both series are designated as green bonds and retain their BBB rating. They were
A nearly 10-year veteran of Houston government will head the city’s finance department following Wednesday’s city council approval of Melissa Dubowski’s appointment. Mayor John Whitmire, who took office this month after winning a Dec. 9 runoff election, said the appointment of a finance director was probably the most significant one he will make. “We’ve got
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog said it a probe into historic commission agreements that allegedly led to consumers overpaying would scrutinise deals dating back
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Lewis, the British billionaire investor whose family owns Tottenham Hotspur football club, will plead guilty in an insider trading case brought by US authorities. Lewis last year surrendered to US authorities after being charged
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Time supposedly waits for no one. But try EDF, where clocks really run slow. France’s state-run utility has announced yet another painful increase in the cost and delivery date of its Hinkley Point C nuclear
Plans to replace a decaying bridge between Wisconsin and Minnesota have advanced with the announcement of $1.05 billion in federal funding. The grant from the U.S. Department of Transportation’s Nationally Significant Multimodal Freight and Highway Projects program, also known as INFRA, will help finance a replacement for the John A. Blatnik Bridge. A nearly 63-year-old
SEC Chair Gary Gensler testifies during the House Financial Services Committee hearing titled “Oversight of the Securities and Exchange Commission,” in Rayburn Building on Wednesday, September 27, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Securities and Exchange Commission, lead by Chair Gary Gensler, is voting Wednesday on new rules to curb
New Jersey has retired almost $500 million of outstanding debt for about $160 million in savings, joining other issuers in using defeasance as a cost-saving tool and to improve their credit. Gov. Phil Murphy touted the state’s debt defeasement during an address last week at a meeting of the Municipal Analysts Group of New York.
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. A Russian military transport plane carrying Ukrainian prisoners of war crashed near the border with Ukraine on Wednesday morning, killing all 74 people on board, according to Russian authorities. The defence ministry said the
The Illinois Supreme Court on Friday ended a three-year legal battle over the constitutionality of the pension consolidation passed by the General Assembly and signed into law by Gov. JB Pritzker in 2019. The law, Public Act 101-0610, which took effect Jan. 1, 2020, pooled most of Illinois’ local police and firefighter pension fund assets
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK economic activity increased at the fastest pace for seven months in January despite the crisis in the Red Sea adding to manufacturing price pressures, according to a closely watched survey. The surprisingly strong growth,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US has asked China to urge Tehran to rein in Iran-backed Houthi rebels attacking commercial ships in the Red Sea, but has seen little sign of help from Beijing, according to American officials. Officials
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Often your plan of attack reveals your deeper weaknesses. After years of ascendancy, Scotland’s ruling Scottish National party faces the strategic challenge of the first UK election for some time in which independence is not
An “Open House” flag is seen in front of a home for sale in Alhambra, California on January 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates rose slightly last week, but that did not seem to deter homebuyers who have come back after the holidays. Mortgage applications to purchase a home
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Financial Times had only nice things to say about Benito Mussolini in a June 1933 supplement entitled “The Renaissance of Italy: Fascism’s gift of order and progress”. Trains were running on time, investment was
Luxury’s biggest groups, such as Richemont, LVMH and Hermès, are expected to widen their lead on weaker competitors as the world’s wealthiest splash out on the highest priced handbags and jewellery. Analysts expect the performance gap between the market’s elite brands and those favoured by aspirational buyers, who helped drive a multiyear luxury boom but
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU is readying more sanctions against Russia and financial support for Kyiv ahead of the second anniversary of the war, in a bid to revitalise waning levels of western assistance to Ukraine. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The struggle to contain political populism in central Europe sometimes looks like a game of “whack a mole”. No sooner is a lid put on it in one country than it pops up in another.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bill Ackman and his wife Neri Oxman have acquired a stake in the Tel Aviv Stock Exchange, in a transaction that marks one of the most significant investments in Israel since its war against Hamas