Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers. Real estate deal-making collapsed this
In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images Company: UBS Group AG (UBS) Business: UBS Group AG is
The ceremonial lighting of the Christmas tree in Bethlehem was expected to be so popular this year that the city authorities planned to stage it twice, to better accommodate the crowds. Now, Bethlehem will have no Christmas tree at all. The Palestinian hilltop town, considered by Christians as the birthplace of Jesus, is in mourning,
All those years of black bag work for CIA and the final place I ever hit was also the nicest, even if I didn’t ever confirm the rumoured Vermeer. That job was a villa outside Rome, and it was really more of a palace. The analyst’s report had hinted at the Vermeer, but a man
Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. Father Christmas can do astonishing things: make presents to order for every child, fly in a reindeer-drawn sled and remain constantly jolly. But one of his greatest skills is being able to deliver
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Supreme Court has rejected a request by the US Department of Justice to fast-track a decision over whether Donald Trump is “absolutely immune” from federal prosecution for crimes allegedly committed while he was in
Tony Blair has revealed that his institute is on course to make $140mn in annual revenues and provide advice to more than 40 governments, underscoring the enduring political influence of the former UK prime minister. In an interview in his West End office, Blair told the Financial Times he would not sell the Tony Blair
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US has said Iran has been “deeply involved” in planning Houthi attacks on commercial vessels transiting the Red Sea and warned Tehran of a possible response amid the increased threat to shipping through a
The horrific Hamas attack and Israel’s devastating response defined the year. Ukraine’s counteroffensive floundered. Inflation worries stalked financial markets before major central banks asserted control. A banking crisis was contained but Credit Suisse and Silicon Valley Bank were washed away. Artificial intelligence was feted and feared and the technology’s most prominent company was rattled by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. No one likes us, we don’t care, as the refrain from Millwall Football Club fans goes. For UK stocks, this sentiment may be one of the biggest selling points. To say the UK stock market
Florida’s unemployment rate inched up to 2.9% in November from 2.8% in October, Florida Commerce reported on Friday. Florida’s jobless rate was 0.8 percentage point lower than the 3.7% national rate in November, the 37th straight month the state’s unemployment rate remained below that of the nation as a whole. The state’s overall workforce continued
Municipals were steady to close Friday ahead of a week without new deals on the calendar. U.S. Treasuries were weaker out long and equities ended the session up. The two-year muni-to-Treasury ratio Friday was at 58%, the three-year at 59%, the five-year at 59%, the 10-year at 58% and the 30-year at 85%, according to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s hardly Christopher Hitchens debating Rabbi Shmuley Boteach. But around this time of year, online atheists and chatroom believers love to thrash out an age-old debate: “Why God and not Santa?” That adult Homo sapiens
Housing advocates in Dallas are pushing for a $200 million share of a $1.1 billion general obligation bond proposition city officials want to place on the ballot next year. The city is becoming unaffordable, according to Bryan Tony, organizer of the Dallas Housing Coalition, which was formed in June as a unified voice for greater
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. The measure of inflation preferred by US rate setters fell by more than expected in November, bolstering investor expectations of rate cuts next year. The core personal consumption expenditures price index showed prices rose by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UN Security Council has passed a resolution calling for urgent expanded humanitarian aid for Gaza and the creation of “conditions for a sustainable cessation of hostilities”, after overcoming the threat of an American veto.
Falling US petrol prices are boosting hopes that the worst wave of inflation in decades is fading, just as Joe Biden begins a campaign to convince sceptical voters that they are better off with a Democrat in the White House. The average cost of a gallon of regular gasoline could fall below $3 in the
Cities and states saw pension liabilities rise in fiscal 2022 amid negative market returns even as they significantly boosted contributions with the support of federal stimulus aid. Those are the findings of a new white paper, “State and Local Pension Funds 2022,” which reviews the performance of 648 pension funds making up 90% of all
When experts predicted what they expected for the economy in 2023, most saw a recession coming and some saw the Federal Reserve cutting its rate target. But the economy surprised to the upside, with no signs of recession, and the Fed is now expected to cut rates in 2024. Here are what some experts foresee
Arizona’s Water Infrastructure Financing Authority will begin a solicitation process next year for projects to boost the parched state’s water supply using information gleaned from a query it sent out this fall. The agency, which oversees $1 billion the state legislature in 2022 appropriated over three years for water augmentation, received 28 responses to its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Worse than expected output data on Friday confirmed the UK’s struggle to escape its spell of economic stagnation, leaving third-quarter gross domestic product for 2023 barely above the levels at the end of last year.