Jeremy Hunt has left a poisoned pill for his successor at the Treasury after the next UK general election, with economists warning that the £20bn tax cuts the chancellor pledged in this week’s Autumn Statement implied deep cuts to public services in the future. The multibillion-pound giveaway on personal and business taxes was achieved by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An escalating strike against Tesla by a group of Swedish unions has been branded “insane” by Elon Musk as the industrial action threatens to disrupt the US carmaker’s operations in other parts of Europe. Around
The US foiling of an alleged plot to assassinate a prominent Sikh separatist on American soil has shone a harsh light on India’s covert operations abroad and created a potential obstacle to the deepening alignment between the world’s two largest democracies. The case of Gurpatwant Singh Pannun, along with the June murder of Hardeep Singh
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After almost seven weeks of devastating conflict between Israel and Hamas, a deal to secure the release of 50 women and children held hostage by the Islamist group and to pause hostilities has at last
Bitcoin (BTC) may not see a $40,000 BTC price reclaim despite increasing excitement over a spot exchange-traded fund (ETF). In recent analysis, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action. Trader: “Not sure” BTC price will reach $42,000 The dust continues to settle on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar’s foreign ministry has said that a temporary ceasefire and hostage release deal between Israel and Hamas would take effect on Friday, after the long-awaited agreement was delayed by a day. The ceasefire, which Hamas
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The current UK parliament is on track to be the worst on record for household income growth, according to a think-tank analysis that lays bare the parlous state of living standards underlying this week’s Autumn
Technology entrepreneur Lawrence Jones has been found guilty of raping two women in the early 1990s and of sexually assaulting a third woman a decade ago while she worked at UKFast, the web-hosting business he founded. The 55-year-old was on Thursday unanimously convicted of raping the two women in Manchester 30 years ago. He was
The conventional wisdom of the cryptoverse is that there is a boom-and-bust cycle to the blockchain and cryptocurrency industry. This cycle is led by the “King of Cryptos,” Bitcoin. Bitcoin (BTC) is programmatically set to have a halving cycle roughly every four years, which cuts the supply of new coins awarded to miners in half.
After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. 19, Milei
A Bitcoin user paid 83.7 Bitcoin (BTC), worth $3.1 million, in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the eight-highest in Bitcoin’s 14-year history. The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 on Nov. 23, only to pay more than half the actual value in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Net migration to the UK hit a record 745,000 last year — 139,000 higher than previously estimated — with big increases in non-EU nationals coming for work, the Office for National Statistics said on Thursday.
Tron founder Justin Sun’s crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur. Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is founder of Sifted, an FT-backed site about European start-ups The failings of OpenAI’s corporate governance regime have been laid brutally bare in recent days. On Friday, the four independent board members of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Virgin Money has missed profit expectations as it made a bigger than expected provision for bad loans to account for rising credit card arrears owing to the cost of living crisis. The challenger bank reported
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I was chatting with my teenage daughter the other day when she mentioned climate change. Inevitably, it causes her anxiety. She will probably live to see many coastal cities go under, countries become too hot
Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: “Something is cooking” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870. A subsequent cooling
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has left a £20bn hole in the budgets of strained public services by favouring tax cuts over higher public spending in his Autumn Statement, the fiscal watchdog said on Thursday. Richard Hughes, head
On a recent Saturday evening, the grand old railway station in the western Ukrainian city of Lviv was a sea of khaki. Soldiers of all ages milled around the central hall, saying goodbye to parents, children, grandchildren, lovers. All the while, units back from the front streamed out into the rain. One young vet had
When OpenAI announced Sam Altman’s return to the helm on Tuesday evening, an impromptu party broke out at the company’s San Francisco offices. As staff celebrated the reinstatement of the co-founder who was dramatically sacked just four days earlier, investors in the company and other tech leaders rushed to offer their support to Altman, with
Benjamin Netanyahu pledged to achieve two things when he launched a ground invasion of Gaza in response to Hamas’s deadly October 7 attack on Israel: to destroy the militant group and free the 240 hostages captured as its fighters rampaged through the south of the country. But even as Israel began inching towards one of