Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has said its plans to increase the salary threshold needed to sponsor a loved one for a visa will begin with a jump to £29,000, after a widespread backlash to proposals to
Fitch Ratings has raised the Illinois Sports Facilities Authority’s bonds to investment grade, bumping the authority’s rating two notches to BBB from BB-plus, with a rating outlook of stable. The ISFA issued bonds for Guaranteed Rate Field, home of the Major League Baseball Chicago White Sox, and Soldier Field, home, at least for now, of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock’s push into alternative investments led it to hold talks with Warburg Pincus as the world’s largest money manager seeks a transformational deal that could reshape the $27tn private funds industry. The two investment groups
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England is likely to incur much bigger losses on its quantitative easing programme than other central banks, according to an analysis by a former member of its interest rate-setting committee. Michael Saunders,
The New York City retirement systems increased their investments in climate solutions by 24.7% in fiscal 2023, according to city comptroller Brad Lander. The city’s retirement portfolio of climate investments stood at $10.5 billion as of June 30. “Preserving a livable planet and a thriving economy will require a collective global commitment both to the phase-out
The Regents of the University of California appears to have dropped Citigroup as a senior manager on an upcoming deal. The issuer is set to come to market with general revenue bonds the week of Jan. 21, according to the university’s investor website. The deal is of an unknown size and preliminary offering documents were
Nassau County, New York, economically defeased $97.79 million of bonds on Monday through the deposit of cash with an escrow agent. The action will reduce its debt burden by $13.5 million in 2024 and by over $20 million in each year through 2029, totaling $115.9 million, according to the county. “Paying off this debt will
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The US and China resumed high-level military contacts that have been suspended since a bitter falling out over Taiwan in 2022, with the Pentagon’s top officer on Thursday holding his first call with his counterpart
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French President Emmanuel Macron has defended actor Gérard Depardieu, who faces multiple allegations of sexual assault and one of rape, saying calls for him to be stripped of his Legion of Honour medal amounted to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan plans to ease weapons exports curbs to allow several dozen domestically-produced Patriot air defence missiles to be shipped to the US, a move that will help Washington step up critical supplies to Ukraine. Tokyo
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The west is toying with the idea of letting Vladimir Putin have Ukraine. Newly committed western aid to the country dropped nearly 90 per cent from a year earlier, even before the US and EU
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Football’s governing bodies have lost a landmark court case that threatens their hold over the sport in Europe, potentially opening a path for the biggest clubs to form new breakaway competitions. The EU’s top court
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK public sector borrowing fell to £14.3bn in November, as lower spending on government energy support schemes offset a higher bill for benefits. According to data published by the Office for National Statistics on Thursday,
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. This is the last edition of Unhedged for 2023. We will have more to say about both the year that is ending and the year to come in January,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sales of office buildings at La Défense on the outskirts of Paris have collapsed this year as the property downturn hits a business district conceived by the late French president Charles de Gaulle to rival
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. A war between Israel and Hamas is now spreading to the Red Sea. Following attacks by Yemeni rebels linked to Iran, the world’s biggest shipping companies and oil producers are halting vessels sailing
A global rally in government debt has already driven yields past many Wall Street targets for the end of 2024, highlighting how recent market moves have taken analysts by surprise. When banks began sending out their annual forecasts to clients a month ago, they were broadly united in the view that government bonds would rally
Shareholders in Gildan Activewear, one of the world’s largest clothing makers, have demanded the reinstatement of its chief executive and called for the resignation of the American Apparel owner’s chair. Toronto-based Turtle Creek Asset Management, which has a 3.2 per cent stake in Gildan, said the December 11 dismissal of Glenn Chamandy created “significant risks,
House sellers in Beijing are cutting prices aggressively, according to brokers, despite official statistics that show the housing market in the Chinese capital remains buoyant. Interviews with more than two dozen real estate brokers across the capital, long one of China’s most desirable real estate markets, show transaction prices have fallen between 10 and 30
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The frayed end of 2023, with decoupling still an active force and geopolitics in ragged shape, is an odd time for any politician to suggest — even indirectly — that their nation does not trust
Narendra Modi’s official residence in New Delhi is on what used to be called Race Course Road. In 2016, it changed to Lok Kalyan Marg or “People’s Welfare Street”, a name more in keeping for a twice-elected leader with populist leanings and a flair for discarding the trappings of India’s colonial past. Past a cordon