Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A leading British university is lowering the entry requirements for some international students, who pay higher fees than domestic applicants, in response to “financial challenges”, according to an internal memo. The move by York university
This is part of a series, “Economists Exchange”, featuring conversations between top FT commentators and leading economists US Federal Reserve chair Jay Powell is earning plaudits these days because a scary spike in US inflation appears to be receding without major job losses or economic contraction. But American economist Stephanie Kelton argues that the Fed’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rich countries’ management of immigration has long employed the kind of misdirection of which a stage magician would be proud. For decades now, governments in the US and western Europe — particularly the UK —
Botlhokwa Ranta had never flown before, and she was frightened of both the flight and what awaited her when she landed. By the time the wheels of the aeroplane touched the tarmac in Nairobi, she was drunk. She was 26, and it was her first time outside South Africa. Ranta’s faux-leather handbag was filled with small
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ron DeSantis and Nikki Haley lashed out bitterly at each other even more than they attacked Republican presidential frontrunner Donald Trump, as they battled for second place in their party’s primary race. In a televised
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former New Jersey governor Chris Christie has ended his campaign for president, in a move that was expected to consolidate support for Nikki Haley and the remaining Republicans challenging Donald Trump for the party’s nomination
US President Joe Biden plans to send a high-level delegation of former top officials to Taipei after the election in Taiwan on Saturday, in a move that could complicate efforts by Washington and China to stabilise their strained relationship. The White House has tapped James Steinberg, a former Democratic deputy secretary of state, and Stephen
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The X post on the Securities and Exchange Commission’s official account claiming, falsely, that it had approved US spot bitcoin exchange traded funds on Tuesday appears to have been the result of exactly the type
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds in a watershed moment that cryptocurrency enthusiasts are betting will draw new retail and institutional investors into the market. The
Chesnot | Getty Images The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision will likely lead to the conversion of the Grayscale Bitcoin Trust, which
Municipals continued to experience a short-end correction Wednesday amid a busy day in the primary market which saw Jefferson County, Alabama’s, mega sewer refunding deal price along with a billion-plus of Massachusetts GOs offered to retail. U.S. Treasuries were slightly weaker out long and equities were in the black near the close. The municipal AAA
Jeff Landry was sworn in as the state’s 57th governor on Monday, while John Fleming was sworn in as state treasurer and Elizabeth Baker Murrill took over as state attorney general. In an October election, Landry, a conservative Republican, replaced Democrat John Bel Edwards, who was term-limited out of office. He had been the state attorney
The complex relationship between municipal bond issuance and natural disasters is inspiring political debate and conflicting viewpoints with some experts predicting a tidal surge of issuance. “With or without Congressional intervention, state and local governments are likely to expand medium and long-term borrowing programs to address climate change mitigation and adaptation,” said Tom Doe, president,
The Federal Reserve, financial markets, the upcoming election and artificial intelligence took center stage on Tuesday as roughly 1,300 members of Chicago’s business community crowded into a packed ballroom for the Executives’ Club of Chicago’s Annual Economic Outlook panel. Quoting Warren Buffett, Charlie Munger and Voltaire, the panelists made their predictions for 2024 and shared
The Oklahoma Turnpike Authority, which is undertaking a $5 billion, bond-financed expansion project, will challenge the constitutionality of a 2023 state law that altered its governance structure. The OTA board voted Tuesday to seek judicial review of the law, which stripped the governor of his sole ability to appoint the six-member board, giving two appointments
Idaho Gov. Brad Little announced plans to invest $2 billion in school repairs over the next decade with the dual aim of repairing aging schools and providing property tax relief. His plans, part of his proposed budget outlined in his State of the State speech, would also increase funding for drinking water and bridge repairs.
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. President Joe Biden plans to send a high-level delegation of former top officials to Taipei after the election in Taiwan on Saturday, in a move that could complicate efforts by the US and China to
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The eurozone economy looks set for another downturn in the fourth quarter, while a recent pick-up in inflation is expected to persist in the coming months, the vice-president of the European Central Bank has warned.
“The state of our state is strong. Let’s keep doing what works. Let’s continue to make Florida the envy of the nation,” Florida Gov. Ron DeSantis said in his state of the state address before the state Legislature on Tuesday. “My message is simple: Stay the course.” DeSantis blasted the Biden administration for a host of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BrewDog, the UK’s biggest craft beer brewer, has abandoned its pledge to pay all staff the voluntary living wage in a move that points to a broader cooling of wage pressures across the economy. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The prospect of bitcoin exchange traded funds leaves cryptocurrencies teetering on the cusp of mainstream respectability. A fake post this week claiming regulatory approval again illustrates the proliferation of crypto scams. It is certainly an