Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The future of OpenAI remains uncertain after extraordinary efforts by employees and investors to oust the board failed to persuade its directors to resign and reinstate co-founder Sam Altman. By the end of Monday, 747
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government borrowed £14.9bn in October, more than analysts expected and the second-highest figure for the month, according to official figures that confirm the continued pressure on public finances. In the financial year to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The bloodshed between Israelis and Palestinians has long divided the world, bringing people on to the streets in protest and splitting the international community. The Hamas-led attack of October 7, and Israel’s six-week campaign of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tether deposited more than $1bn with a financial services group founded by a Tory party donor who last year was indicted on allegations of bribery by US authorities. The world’s largest stablecoin issuer placed the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition. The Swedish group, backed by Volkswagen,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Having successfully stabilised the economy following a close call with a severe financial and economic crisis a year ago, UK
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. It’s a jungle out there in British politics. You never know when someone you have just sacked is going to turn around and tell you that, while she regrets to say it, you’re
OpenAI chief Sam Altman stood on stage in San Francisco earlier this month to announce that ChatGPT, the start-up’s brainchild which kickstarted a new era of artificial intelligence a year ago, has 100mn weekly users. He also announced the company would half the price of its software and launch an AI app store, in moves
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When the UK issued its first index-linked gilt in 1981, critics warned that a profligate government could store up problems for future generations. That day might have come. Ahead of the Autumn Statement this week,
BNB (BNB) has gained over 7% in the last day after Bloomberg reported that the United States Department of Justice is contemplating a $4 billion settlement with Binance to resolve its investigation into the company. Cointelegraph Markets Pro shows BNB spiked 6% to $262 in around 30 minutes after Bloomberg’s Nov. 20 report, which said
In this article 1918-HK Follow your favorite stocksCREATE FREE ACCOUNT A booth of Sunac China is seen at a housing fair in China, May 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said on Thursday it doesn’t expect to make payments coming due on other
Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily trading fee notched a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As stories of value destruction go, OpenAI’s is among the greats. The generative artificial intelligence company was on the cusp of selling shares at an $86bn valuation. One internal coup later and its chances of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt is set to unveil sweeping reforms to the pension market to give British workers a “pot for life” as he pushes forward with an agenda to unlock retirement capital for economic growth.
Umami Labs CEO Alex O’Donnell grew up on the outskirts of Philadelphia before attending Temple University to study literature and economics. That path led him to devote seven years of his life as a financial journalist at Reuters, where he specialized in M&As IPOs. He said his academic focus created a “pretty natural synthesis” when
Events: Alibaba cofounder Jack Ma’s family trust is due to sell 10mn of the ecommerce company’s American depositary shares for about $871mn. The group’s shares fell as much as 10 per cent after lacklustre results earlier this month. General Agus Subiyanto, a close ally of President Joko Widodo, is expected to be confirmed as the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have cheered the victory of radical libertarian Javier Milei in Argentina’s presidential election despite worries about a rocky government transition and huge economic challenges ahead. Argentine stocks and bonds rose in trading outside the
SK Battery America, a subsidiary of South Korean firm SK On, one of the world’s largest battery makers, is scaling back production on several fronts in response to a changing market for the vehicles. As an EV market turbocharged by federal incentives and high-set expectations cools off and major producers weigh cost-saving measures, SK said
This month, China’s new finance minister Lan Fo’an told markets what they had been waiting to hear — Beijing would boost budget spending to support a struggling post-pandemic recovery in the world’s second-largest economy. China is to deploy an arsenal of local and central government bonds, including a new Rmb1tn ($140bn) treasury facility — which
Tradeweb has launched a new AAA Municipal Yield Curve based on combining Municipal Securities Rulemaking Board data and pre- and post-trade data obtained from institutional market participants trading on the Tradeweb platform. Tradeweb’s “more timely, granular view” of institutional activity in the municipal bond market allows it to identify trends developing in real-time, often before
Municipals were bumped up to a basis point or two Monday, while U.S. Treasuries were firmer out long and equities rallied near the close. For the third consecutive week, muni yields continued to fall. The 10-year note fell by 21.6 basis points last week to end the week at 3.05%, said Jason Wong, vice president