Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alistair Darling, who was Labour chancellor of the exchequer during the financial crisis, has died at the age of 70. A spokesperson for the Darling family announced the death of the veteran Labour politician at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia has won provisional backing for further oil production cuts by the Opec+ group, boosting oil prices to the highest in three weeks ahead of a crucial meeting of the cartel. The meeting, which
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ever since the first recorded battle in the 15th century BC at Megiddo, where Pharaoh Thutmose III’s forces crushed the rebellious Canaanites (and gave rise to the term Armageddon), our species has been steadily,
ARK Invest, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, bought about $1.5 million of SoFi Technologies (SOFI) shares on Nov. 29, the day the latter announced its exit from crypto. On Nov. 29, ARK bought 200,275 SOFI shares to allocate to its ARK Fintech Innovation ETF (ARKF), according to a trade
The suggestion that Hong Kong could make an “Initial Coin Offering” (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Association to revitalize Hong Kong’s economy. The document, signed by association president Chen Zhihua, was published on Nov. 29 and included various measures, ranging from routine to bold. The
Bitcoin (BTC) may hit $100,000 in one year’s time thanks to “earlier than expected” exchange-traded funds (ETF) launching, says Standard Chartered. In a research note issued on Nov. 28 quoted by sources including Business Insider, the banking giant doubled down on its bullish BTC price targets. Standard Chartered still expects six-figure BTC price Bitcoin is
Cryptocurrency payment platform Alchemy Pay is scaling its payment options by integrating new on-ramps — new ways to buy crypto — in Europe and the United Kingdom. Alchemy Pay has introduced new deposit options, including the euro instant solution, Single Euro Payments Area (SEPA) Instant, and the U.K. fast money transfer option, Faster Payments. Announcing
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. This year has “shattered” climate records and is set to be the hottest since measurements began, with greenhouse gas and sea levels reaching all-time highs and Antarctic sea ice at record lows, a pattern set
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Inflation in the eurozone has fallen far more than expected to 2.4 per cent in November, the slowest annual pace since July 2021, providing some relief to consumers and fuelling hopes that interest rates could
The number of crypto hodlers in Canada dropped slightly in 2023, but the average value of their holdings rose significantly. However, 77% of respondents regret investing in crypto assets, according to a survey published by the Ontario Securities Commission (OSC). The OSC published a “Crypto Assets Survey 2023,” on Nov. 29, conducted in partnership with Ipsos
Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz. In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency investment firm expressed his belief that the high-profile settlement should assuage
What is the replace-by-fee (RBF) policy? The Bitcoin network’s replace-by-fee (RBF) policy enables users to replace pending (unconfirmed) transactions with new ones with higher transaction costs. The RBF policy was proposed in BIP 125 and introduced as a feature in the Bitcoin protocol with the release of Bitcoin Core version 0.12.0, which was released in
In late 2020, Huawei was fighting for its survival as a mobile phone maker. A few months earlier, the Trump administration had hit the Chinese company with crippling sanctions, cutting it off from global semiconductor supply chains. The sanctions prevented anyone without a permit from making the chips Huawei designed, and the company was struggling
For months, the Ford dealership in the North Hills neighbourhood of Los Angeles sold the electric Mustang Mach-E at a mark-up, citing huge demand. Today, more than 100 of the battery models sit on its lot, waiting for buyers. Down the road, the rival Kia dealership is offering money off its new battery vehicles, while
For years, as Berkshire Hathaway climbed towards its $780bn valuation, investors wondered what would happen when Warren Buffett or Charlie Munger, the nonagenarians who personified the sprawling conglomerate, died. They got their answer on Wednesday: almost nothing. The market response to Munger’s death was the kind of reaction that the two men, who spent more
Influence — the power to persuade, advocate for change and imagine better ways of doing things — takes many forms. Nowhere is this more clear than in the magazine’s annual Women of the Year issue, a list of the world’s most influential women written about by other powerful women on the international stage. This special project
For nearly a decade, Henry Kissinger, the US national security adviser and secretary of state who has died at 100, was able to put into practice what he had preached in his academic career — that realpolitik diplomacy was rooted in the understanding that achieving a balance of power, as was in place between the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. © Getty Henry Kissinger aged 11 in Germany, with his arm around his brother Walter, 10. © Alfred Eisenstaedt/LIFE/Getty In Washington in 1965. © Alfred Eisenstaedt/LIFE/Getty In the White House barber shop with barber Milton
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s manufacturing activity contracted for the second month in November, indicating weakening momentum in the world’s second-largest economy despite increased government efforts to boost growth. The country’s official manufacturing purchasing managers’ index came in at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Henry Kissinger, the former US secretary of state and national security adviser who helped open up relations with China, usher in a detente with the Soviet Union and end America’s war in Vietnam, has died
Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court. The $873 million in assets will be sourced from FTX’s stakes in various