Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU is set to give member states powers to end gas imports from Russia and Belarus nearly two years after Moscow’s full-scale invasion of Ukraine. Any member state will be able to ban
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In psychology, for someone to shift away from an undesired behaviour there are two separate requirements. First, they need the self-awareness to recognise the issue. Second, they need the self-management skills to act on that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Normal people see rising wages as a source of cheer. But to Scrooge-like central bankers, bumper pay packets are a cause for concern. The OECD expects that in 2023 remuneration per employee in Britain will
Through the rubble of north Gaza, under cover of a brief Israel-Hamas truce, a convoy of vehicles last Tuesday mounted one of the most unusual missions of the war: the retrieval of about 180mn shekels in cash. The stash of notes, weighing close to a tonne and worth the equivalent of $50mn, was kept in
El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin (BTC) or Tether (USDT) investment in the country. The Central American country’s price tag for citizenship, however, appears far more expensive than those in neighboring Caribbean countries,
A specialized exchange-traded fund (ETF) firm, YieldMax, has filed to launch the first yield-bearing ETF product based on shares in Michael Saylor’s Bitcoin holding company, MicroStrategy. According to a Dec. 7 filing with the United States SEC, YieldMax has officially applied to launch its Option Income Strategy ETF based on shares in MicroStrategy, slated for
Bitcoin (BTC) will hit a new all-time high in late 2024 on the backdrop of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts. On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, timings of a spot Bitcoin ETF launch, the impact
Bitcoin (BTC) miner Hive Digital Technologies says the move to acquire a fleet of Bitmain mining rigs last year has already paid for itself, due in large part to a significant increase in the price of Bitcoin. In a Dec. 8 statement, Hive Digital wrote that it had been acquiring mining rigs since the collapse
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong gaming firm to invest $100M in crypto Boyaa Interactive International, a publicly-traded Hong Kong holding company specializing in online card and board games, wants to secure the approval of its shareholders to invest $100 million in crypto. According to
US stocks posted their biggest daily gain since mid-November on Thursday, as shares in Alphabet and AMD leapt higher following fresh developments around artificial intelligence. The tech-heavy Nasdaq Composite closed up 1.4 per cent, with Google-parent Alphabet adding 5.3 per cent and semiconductor group AMD gaining 9.9 per cent. Alphabet had on Wednesday announced a
Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering valuable insights into traders’ expectations and the markets’ sentiment. At the forefront
Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers’ discretion. Meanwhile Advisors are targeting a 5% yield on the Meanwhile BTC Private Credit Fund
Polychain Capital and Hack VC led the $18 million Series A funding round of Babylon Chain, a protocol working on Bitcoin (BTC) staking, bridging the decentralized finance (DeFi) ecosystem with the Bitcoin blockchain. According to the Dec. 7 announcement, the funds will be used to support the development of Babylon’s Bitcoin Staking protocol, which enables
Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a spot exchange-traded fund (ETF) in the United States. Senior Bloomberg ETF analysts have expressed a 90% probability for approval by the U.S. Securities and
Municipals were slightly firmer Thursday as the last of the week’s large new-issues came and went while U.S. Treasuries were little changed and equities ended up ahead of Friday’s much-anticipated jobs report. Triple-A yields fell one to three basis points while USTs yields were relatively flat, only a basis point down out long. Relative value
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The government has exaggerated progress on its plan to reinvigorate the City of London, the chair of the Commons Treasury select committee said, as she called on the City minister to speed up delivery
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stuck in a hole over its immigration policy, Rishi Sunak’s Conservative UK government has chosen to dig deeper. Voter concerns, especially over asylum-seekers arriving in small boats, have been fanned by the political right, but
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop store in a strip mall in Chicago on March 16, 2023. Scott Olson | Getty Images Struggling retailer GameStop is giving its CEO and chair Ryan Cohen even more control, including the ability to use company cash to buy other stocks. In its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock chief executive Larry Fink has hit out at the candidates for the Republican presidential nomination over their attacks on the $9.1tn asset manager during Wednesday’s debate, calling the references a “sad commentary on the
Labour’s shadow City minister has unveiled 10 grandees from the Square Mile to advise the party, insisting her party has long stopped “sneering at business”. Tulip Siddiq said Labour wanted to work with the banking sector and she promised to prioritise stability after the upheavals of Brexit and Covid. “We are not coming in and