Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. An improved methodology for incorporating rental prices into UK statistics points to slightly quicker price growth at a time when policymakers are battling to bring inflation down to the 2 per cent target. The new
Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies. Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices unexpectedly rose again in November, according to data that provides further evidence of stabilisation in the property market as high mortgage rates ease. House prices grew 0.2 per cent between October
Celsius Network, a cryptocurrency lending platform, might need to secure a fresh vote from creditors for its planned shift to a Bitcoin mining venture, as a U.S. bankruptcy judge suggested in a recent court session. The crypto lender provided details on Thursday, Nov 30, of its plan to only mine Bitcoin when it emerges from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s military has restarted fighting against Hamas in Gaza, the Israel Defense Forces said on Friday, ending a week-long truce that international mediators had hoped to extend to an eighth day. “Hamas violated the operational
Bitcoin (BTC) returned to $38,000 on Dec. 1 after the November monthly close became its best since April 2022. BTC/USD 1-hour chart. Source: TradingView Bitcoin bears fail to spark monthly close sell-off Data from Cointelegraph Markets Pro and TradingView tracked impressive overnight BTC price performance,which held key support. The close came in at just over
More than 20 Conservative MPs have written to Rishi Sunak urging him not to renege on Britain’s human rights commitments in his bid to send asylum seekers to Rwanda, as the party’s civil war over migration escalates. Tory tensions on migration have run high this week, with one ally of the prime minister warning the
Susanna Murray’s estranged husband Jasper is growing impatient. He is pushing for the two to commence divorce proceedings as quickly as possible and has offered to buy her out of their house in return for not coming after her pensions. But Susanna, a healthcare worker who works on temporary contracts, doesn’t want to start what
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The owners of Thames Water lent the £500mn that the utility later presented as “new equity funding”, in a move that will raise further concerns over the financial stability of Britain’s largest provider of water
Stay informed with free updates Simply sign up to the Companies myFT Digest — delivered directly to your inbox. What if the government made companies hand a slice of their profits to workers? In Britain and America, the question is about as live as the pigeon that met my cat. But the idea is not
Sky Xu, the intensely private Chinese billionaire founder of fast-fashion group Shein, will be thrust into the spotlight when the ecommerce group, once valued at $100bn, launches its planned listing next year. There is scant information available online about the man whose company’s explosive growth was made possible by the social media age. Shein’s website
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top UN official has warned that Gaza risks being plunged into a humanitarian “tsunami”, as a temporary truce between Israel and Hamas ended and Israeli forces resumed their offensive on the besieged strip. Philippe
New homeowners (and renters) will appreciate new TV, audio, and home theatre items to upgrade their entertainment space. As with choosing tech gifts and gadgets, new products in these areas are released on a routine basis, and when you’re gifting items, you’re balancing what you think they want, with what will be a practical and
Australia’s controversial new guidelines for cryptocurrency taxation should be ignored for being unclear and should probably be seen as “toilet paper,” according to an Australian law firm. On Nov. 9, the Australian Tax Office (ATO) released guidance that could impact how investors and traders involved in decentralized finance report their taxes. In a Nov. 27
Open Exchange Token (OX), the native token of the crypto bankruptcy claims platform OPNX, spiked 50% just 20 minutes after co-founder Su Zhu supposedly posted to X (Twitter) for the first time since his arrest. On Dec. 1, Su posted a simple “gm” — an abbreviation for “good morning” — marking his first X post
While many people don’t associate horse racing and stylish furniture, Ballard Designs and Carson Kressley teamed up in November 2023 to prove otherwise, creating a chic space in the Trophy Lounge during the Breeders Cup at the Santa Anita Racetrack in Arcadia, California. While Ballard Designs has been around for over 40 years, it’s a
Tesla revealed on Thursday that pricing for the cheapest model of its much-hyped and long-delayed Cybertruck will start at $60,990, as the electric-car maker officially began the first deliveries of the futuristic-looking vehicle. The price tag for the Cybertruck, with its unconventional angular shape and steel body, is higher than the starting price of just
The cryptocurrency industry has now seen its most “damaging” month for crypto thievery, scams, and exploits, with crypto criminals walking away with $363 million in November, according to a blockchain security firm. Around $316.4 million came from exploits alone, flash loans inflicted $45.5 million in damage, and $1.1 million was lost to various exit scams,
Major Swiss cryptocurrency-enabled bank Seba is changing its name amid growing ambitions to expand its trading services worldwide. Seba Bank AG has rebranded to Amina Bank AG, the firm announced to Cointelegraph on Nov. 30. “We opted to change our name from SEBA Bank due to similarities with SEB Bank in Sweden. SEB Bank and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla revealed on Thursday that pricing for the cheapest model of its much-hyped and long-delayed Cybertruck will start at $60,990, as the electric-car maker officially began the first deliveries of the futuristic-looking vehicle. The price
Our weekly roundup of news from East Asia curates the industry’s most important developments. Yet another crypto scandal in Hong Kong Scammers posing as investment experts allegedly enticed 145 victims to tip $18.9 million into the unlicensed Hong Kong crypto exchange Hounax. According to reports earlier this week, the police said investors were allegedly promised