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
USDC stablecoin issuer Circle has denied claims of illicit financing and ties to Tron founder Justin Sun, according to an open letter accessed from Circle’s blog on Nov. 30. A non-profit watchdog group previously accused Circle of having ties to Sun. Circle open letter to U.S. senators Elizabeth Warren and Sherrod Brown. Source: Circle. The
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
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Brendan McDermid | Reuters Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses in the midst of
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
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
Former U.S. President Donald Trump looks on, as the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James continues, in New York City, U.S., October 3, 2023. Eduardo Munoz | Reuters A New York appeals court Thursday reinstated a gag order