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
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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
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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
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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,
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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
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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
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Municipals were firmer to close out the month, outperforming U.S. Treasury market losses Thursday, while the California Community Choice Financing Authority jumped into the primary with $1 billion-plus of clean energy revenue bonds, joining other issuers that moved up deals to take advantage of the strong market conditions. Municipals are poised to return well over
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The judge in the Puerto Rico Electric Power Authority bankruptcy rejected five bondholder arguments Tuesday, bringing approval of the Oversight Board’s plan of adjustment closer. U.S. District Judge Laura Taylor Swain granted the Oversight Board’s motion to dismiss the bond parties’ — bond trustee U.S. Bank N.A., Assured Guaranty, Syncora Guarantee and the now defunct
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Concerns about the financial health of the nation’s public pension funds are moving many of them to invest increasingly in alternative assets that include risky real estate ventures, private debt, hedge funds and private equity.  “We have a target of approximately 30% of the portfolio to alternative asset classes,” said Shoaib Khan, director, chief investment
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