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.
Hello and welcome to the final edition this year of the FT Cryptofinance newsletter. This week, we’re looking at the digital coin that bitcoin is threatening to leave behind. We’ll be back on January 13th. One common — and not always unfair — criticism made by crypto enthusiasts is that the wider world conflates bitcoin
AURORA, CO – AUGUST 23: The crane taking four 15-foot-wide by 60-foot-long modular home segments and stacking them on one on top of the other to make a new duplex. August 23 2018. Adam Berger, a developer with his own modular home designs, has sold his first duplex in North Aurora. Now he is using
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Health officials in Gaza said more than 20,000 Palestinians had been killed during Israel’s offensive against Hamas, as the UN warned that at least a quarter of the besieged enclave’s population faced starvation. The estimated
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. The writer is an FT contributing editor and writes the Chartbook newsletter This was a year of dismaying conflict and violence. The war in Ukraine, the risk of a superpower clash in the South China Sea
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The writer is deputy secretary of the US Treasury Nearly two years ago, Russia invaded Ukraine, unleashing brutal and unprovoked violence. From the start, the US has unequivocally supported Ukraine and its people, through
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The Biden administration will blacklist foreign financial institutions that support Russia’s military industrial complex as part of Washington’s efforts to starve Moscow’s war machine. An executive order to be issued on Friday will enable