Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK ministers are set to pick veteran TV executive Samir Shah as BBC chair to replace Richard Sharp, the former Goldman Sachs banker who resigned this year. Shah has had a 40-year career in TV
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British American Tobacco is to write down the value of some of its US cigarette brands by £25bn, in response to “macroeconomic headwinds” hurting combustible sales in its biggest market. BAT, whose North Carolina-based subsidiary Reynolds
ARK Invest, one of the firms hoping to launch a spot Bitcoin exchange-traded fund (ETF) next year, is continuing to rake in the profits made from its large stash of Coinbase (COIN) stock. On Dec. 5, ARK dumped as many as 237,572 Coinbase shares from its three funds, according to a trade notification seen by
The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, according to CoinGecko data. ORDI is up 216%
A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer. In a Dec. 6 X (formerly Twitter) post, developer Luke Dashjr said inscriptions — used by Ordinals and BRC-20 creators to embed data on satoshi’s
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. Bank of Ireland is racing to avoid a loss on a loan against No 1 Poultry, the postmodern pink block that houses City restaurant Coq D’Argent, in a sign of the extent of the challenges
Earlier this year the activist Jeff Ubben predicted that the first model of the environmental, social and governance investing movement would eventually disappear. It was a surprising claim for an investor who just three years before had launched a hedge fund inspired by Rachel Carson’s landmark environmental book, Silent Spring. But Ubben also predicted that
Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. It may be the ultimate example of a digital poacher turned gamekeeper. After ransomware gang AlphV/BlackCat attacked MeridianLink last month, the hackers decided that the software company hadn’t complied with new Securities and Exchange Commission
Benjamin Netanyahu, at least in private, has been blunt about what Israel needs most to destroy Hamas: a steady supply of more US bombs. “We need three things from the US: munitions, munitions, and munitions,” the Israeli prime minister told a group of local government officials, according to a recording obtained by the Israel Hayom
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US central bank will hold off on interest rate cuts until at least July 2024 and deliver less relief than financial markets expect, according to leading academic economists polled by the Financial Times. While
DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found the agency lied to secure a temporary restraining order against them. “The SEC got this case wrong. Badly wrong,” lawyers for Digital Licensing Inc., which does business as DEBT Box, told Utah federal court Judge
The city of Chicago and its Sales Tax Securitization Corporation won The Bond Buyer’s 22nd annual Deal of the Year award for its $1.7 billion financing that addressed initiatives related to affordable housing, homelessness support services, environmental justice, and community development. The issuance, which was the Deal of the Year in the Midwest category, included
Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nine out of 10 UK exporting manufacturers are facing challenges trading with the EU nearly three years after the post-Brexit trade deal came into force, according to a survey of British manufacturers. Make UK, a
US President Joe Biden has told donors he may not be seeking re-election if Donald Trump wasn’t in the White House race, highlighting how opposition to the former Republican president is the main motivating factor behind his 2024 campaign. “If Trump wasn’t running I’m not sure I’d be running,” Biden said at a Democratic party
A new feature from Coinbase Wallet allows for the transfer of crypto through a link that can be sent through some of the most popular social media sites and messaging apps as the crypto exchange looks to make its service accessible to a wider market. “Users can now send money on any platform that they
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Elon Musk’s artificial intelligence start-up xAI is looking to raise $1bn in equity, according to a filing with the US securities regulator, as the billionaire races to challenge rivals such as OpenAI in the fast-growing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US job openings fell to their lowest level in more than two years in October, another sign of a cooling labour market that sparked a rally in government debt as traders bet on less aggressive
The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization. Despite
Boris Johnson will be forced to revisit and explain how his government responded to coronavirus on Wednesday as he appears before the UK’s official inquiry into the pandemic. The chaos at the heart of Britain’s handling of Covid-19 has been laid bare in recent weeks, with testimonies describing a “toxic” culture in Downing Street and
The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule