Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The post image from last month is the shot. Here is today’s chaser, courtesy of mainFT. The UK economy unexpectedly contracted in October, with all three main sectors reporting a fall and fuelling concerns over
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Airbnb has agreed to pay €576mn ($621mn) to Italian authorities to end a long-running tax dispute that boiled over last month when the country’s public prosecutor ordered funds to be seized from the holiday rental
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Cross-border charges levied on credit and debit card transactions by payments companies, notably Visa and Mastercard, should be capped “to protect UK businesses from overpaying on these interchange fees”, a British financial watchdog has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy unexpectedly contracted in October, driven by falls in every sector and fuelling concerns that high interest rates could push the country into a downturn. Gross domestic product fell 0.3 per cent between
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Countries are being “called upon” to transition away from fossil fuels to reach net zero emissions globally by 2050, under the latest revised text from the UN climate summit in Dubai. The previous draft document
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors and currency speculators have boosted bets on the pound as expectations grow that the Bank of England will be slower than other central banks to cut interest rates. As markets brace for central banks’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor The belief that stocks outperform bonds over the long run sits behind almost every strategic asset allocation process and is backed by centuries of empirical data. The longest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The dim-witted engines on the fictional island of Sodor are endlessly causing “confusion and delay”, in the words of the Fat Controller in Thomas the Tank Engine. No matter how hard Thomas, Percy and friends
In a community hall in northern Illinois last month, two presidents addressed a crowd of workers. One was Joe Biden, leader of the US. The other was Shawn Fain, head of the United Auto Workers. It was the union chief who appeared to receive the warmest welcome. On this November afternoon, they were celebrating a
The UN has adopted a resolution demanding a humanitarian ceasefire in Gaza, as well as the “immediate and unconditional” release of all hostages, in the latest sign that Israel is losing international support. The resolution passed with 153 members of the General Assembly voting in favour, including China, Russia and France. Austria, the US and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New Hampshire’s Republican governor Chris Sununu endorsed Nikki Haley for president, in a boost for the former South Carolina governor as she challenges Donald Trump for the GOP nomination for the White House in 2024.
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. KPMG has underscored its position as laggard of the Big Four after it posted the slowest growth in global sales among the accountancy and consulting firms during the latest financial year. The smallest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Netflix, the streaming service that has been long criticised for a lack of transparency about how shows and films perform on its platform, will begin publishing a “comprehensive deep dive” into what its subscribers are
Municipals were mostly steady to a touch softer in secondary trading while newly upgraded gilt-edged Ohio upsized its general obligation refunding deal and repriced to lower yields. U.S. Treasuries improved on the day following cooler inflation data that many participants said would not move the needle on the Federal Reserve’s rates decision Wednesday. Triple-A yields
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak may have won in the Commons on Tuesday night, but victory came at no little cost to his authority and followed allegations of the government deploying “dark arts” tactics. The crunch vote followed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden has said Benjamin Netanyahu must change tack, warning that Israel’s “indiscriminate bombing” in Gaza risked leaving the country isolated. Offering his harshest criticism of the Israeli prime minister’s far-right coalition since Israel began
America’s local communities are woefully ill-equipped to deal with the steady onslaught of disasters happening across the country and Congressional leaders need to act to lower the threshold and permanently reauthorize the Community Development Block Grants – Disaster Relief program. That was one key message delivered during the Senate Committee on Transportation, Housing and Urban
The Chicago Civic Federation Tuesday named the city’s former inspector general, Joseph Ferguson, to serve as its new president, replacing long-time and high-profile former president Laurence Msall, who died in February. Ferguson, 63, joins the non-partisan watchdog and research organization after a months-long search led by a 15-member committee. He was selected from a pool
Washington Gov. Jay Inslee has announced plans to allocate another $941 million toward climate change programs when he formally unveils his supplemental budget on Wednesday. The proposal, part of what Inslee called his 2024 climate agenda, continues the state’s actions to protect Washingtonians from climate change and create clean energy jobs, he said Monday. Lawmakers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK “muddles through”. That was the theme of an excellent recent book by Duncan Weldon. Yet muddling through is no longer enough. This was the argument of my column a week ago, which was
Washington expects the most intensive phase of Israel’s war on Hamas in southern Gaza to be scaled back and become more targeted as soon as early January, US officials said. Israel still has military aims in Gaza’s south that justify its continued assault around Khan Younis and other areas where senior Hamas militants are thought