Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Crude oil prices rose on Friday after the US and UK launched air strikes against Yemen-based Houthi rebels whose attacks against ships in the Red Sea threatened the flow of goods through one of the world’s
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. I look forward to seeing many of you
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Rishi Sunak will visit Kyiv and confirm that UK military funding to Ukraine will increase to £2.5bn in the next financial year, Downing Street has said. The UK prime minister will meet Ukraine president
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy rebounded more than expected in November driven by growth in the services sector, according to official figures that ease fears of a technical recession. Gross domestic product grew 0.3 per cent between
The Securities and Exchange Commission’s landmark approval of the first-ever spot bitcoin exchange traded funds this week came with a stark reminder of the agency’s divisions over cryptocurrencies and scepticism towards a market some still see as dangerous for investors. After refusing to greenlight the products for a decade, the SEC’s hand was finally forced
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The UK government is set to publish a series of tests that need to be met to pass new laws on artificial intelligence, as it continues to resist creating a tougher regulatory regime for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The mass exoneration of sub-postmasters in the UK Post Office scandal has raised concerns among judges about parliamentary interference in the courts as senior lawyers warned the move should not be repeated. Prime Minister Rishi
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Economists once stood accused of a “bias against bias”. Their models offered neat explanations for a lack of diversity within their own ranks. Perhaps women or ethnic minorities were so rare because those groups preferred
The Coates family took their place in the box at the notoriously chilly Bet365 Stadium — where home team Stoke City drew against Ipswich on New Year’s Day — warmed at least by another boost for their personal fortunes. While the English football club, owned by the family’s Bet365 betting empire, may languish near the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, an FT contributing editor, is chief executive of the Royal Society of Arts and former chief economist at the Bank of England The most powerful thing a powerful person can do is to give
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s consumer prices remained in deflationary territory for the third consecutive month in December, adding to pressure on policymakers as they seek to restore confidence in the world’s second-largest economy. The country’s consumer price index
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s potential election as US president is “clearly a threat” to Europe judging by the policies in his first term in office, European Central Bank president Christine Lagarde has said. Lagarde’s comments in an
Argentina’s annual inflation rate reached 211.4 per cent in December following the inauguration of libertarian President Javier Milei, confirming the depth of the economic crisis embroiling the country. Prices rose 25.5 per cent on average in December, the country’s statistics agency said on Thursday, compared to a 12.8 per cent increase in November. The rate
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US and the UK are preparing strikes against Iran-backed Houthi rebels who have been attacking commercial ships in the Red Sea. The US is expected to lead the military response against the Houthis after
The U.S. Virgin Islands government is short on cash for its operations and its governor is asking the legislature to borrow $55 million to cover them. Gov. Albert Bryan Jr. will send his financial team to a Virgin Islands Senate hearing next week to argue for a change in usage for a letter of credit
Marina Wiant has been appointed by State Treasurer Fiona Ma to replace Nancee Robles as executive director of the California Debt Limit Allocation Committee and the California Tax Credit Allocation Committee. Wiant, who started in those posts Wednesday, fills the positions that had been vacant since Robles announced in July that she would be retiring
Fitch Ratings warned that a downgrade may be coming for the Washington Metropolitan Area Transportation Authority, which is facing massive service cuts without fresh support from its local and state partners. The agency is “at an inflection point where federal funds have been running dry and collectively the funding partners will need to make a
Municipals were little changed Thursday as the primary market activity slowed and inflows to municipal bond mutual funds returned. U.S. Treasuries were firmer after the consumer price index print suggested the Fed may not cut rates in March. Equities were down. The two-year muni-to-Treasury ratio Thursday was at 61%, the three-year at 62%, the five-year
In this article AVD Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images More than a dozen financial firms are involved in new bitcoin exchange-traded funds that began trading Thursday, but one of the biggest fund issuers and money managers in the world still won’t touch cryptocurrency. A Vanguard spokeswoman told
Movement in both chambers of Congress may turn into meaningful tax legislation that would affect the municipal bond market, raising hope among market advocates. The House Ways and Means Committee and the Senate Finance Committee are reported to be tinkering with a $70 billion combo deal that would sunset the Employee Retention Credit early which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin trading volumes surged after the first US exchange traded funds with direct exposure to the world’s largest cryptocurrency made a long-awaited debut on stock exchanges. Nine new ETFs and two conversions from other products