Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is a rare politician who takes on a complex problem that offers little electoral dividend just ahead of an election they expect to lose. This reality is troubling Labour strategists who fear that Conservatives
The state of Wisconsin is embarking on a flurry of debt-related activity as the year begins, with a cash defeasance and three refunding deals that may include tenders on the table in the first quarter. The defeasance was made possible by the state’s 2023-25 biennial budget, which included $400 million to pay down outstanding general
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Aramco is beefing up its global venture capital arm with a $4bn cash injection as part of a wider push to diversify the kingdom’s oil-dependent economy. The extra money for Aramco Ventures would more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Every leader has their blind spots. In Joe Biden’s case, his seeming indifference to Palestinians could prove costly. Ten thousand Palestinian children have been killed in the past 100 days, according to Save the Children.
Prospective home buyers visit a home for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth. The pressures come as President Joe
Gilts go up. Gilts go down. But in financial market lingo, gilts are ‘risk-free’ sterling bonds. That’s because governments with their own currency — like Britain’s — can literally make up new IOUs to repay bonds. As the Reserve Bank of Australia explains: The expression ‘risk free’ is used because governments are not expected to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European stocks and bonds fell after European Central Bank president Christine Lagarde signalled that interest rates would come down in summer rather than spring and UK inflation rose unexpectedly for the first time in 10
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation unexpectedly accelerated in December raising questions over how soon the Bank of England will start cutting interest rates. Consumer prices rose at an annual rate of 4 per cent in December, up from
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investment firms are raising billions of dollars to buy stakes in venture capital-backed technology start-ups, as a long drought in acquisitions and initial public offerings forces early investors to offload their stock at discounts. The
Frenetic negotiations are under way in Argentina’s opposition-dominated congress as libertarian president Javier Milei seeks to push through his ambitious reform agenda while lashing out at lawmakers with key swing votes. Milei, whose party holds only a tiny minority of seats in the legislature, has moved at unprecedented speed to capitalise on what analysts predict
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management Markets are still parsing the implications of the early Christmas present delivered by Jay Powell during his December press
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. No one likes to be dumped. Not even a mighty global brand like PepsiCo, it seems. Last week the US drinks and snacks maker insisted that it had not been pulled from the shelves of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. From our earthly porch, the cosmos seems prettily jewelled with stars and galaxies. Zoom out, however, and it should become an odyssey of omnidirectional dullness: an endless dark expanse in which galaxies shrink to pale
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dear readers, Welcome to Democracy 2024, a series of articles and short films marking an extraordinary year ahead. More than half the global population is potentially voting in elections this year. Some of these polls
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew 5.2 per cent in 2023 while its population fell by 2mn, pointing to persistent challenges for the world’s second-largest economy from a property slowdown and demographic pressures. Gross domestic product growth for
1/17/2024, 2:09:12 AM Chinese equities decline following release of soft housing data William Sandlund in Hong Kong Chinese equities on the mainland and in Hong Kong opened down on Wednesday following the release of official housing data for December, highlighting weak sentiment due to an ongoing property downturn. Hong Kong’s Hang Seng index fell 2.1
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour’s Rachel Reeves will vow to boost the UK’s attraction as a destination for business investment in a pitch to corporate bosses in Davos, where she will accuse the governing Conservatives of undermining economic stability.
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US is preparing to name the Houthis, an Iran-backed militant group in Yemen, as a specially designated global terrorist group, according to people familiar with the matter. The decision, to be announced in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar has mediated an agreement between Israel and Hamas to fly two military plane loads of medicine and other humanitarian aid into Gaza as part of a deal to provide drugs to Israeli hostages held
The Federal Reserve should be able to “methodically and carefully” lower its interest rate target this year, if inflation continues to moderate, Federal Reserve Gov. Christopher Waller said Tuesday. “When the time is right to begin lowering rates, I believe it can and should be lowered methodically and carefully,” Waller said in a Brookings event.