Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of thousands of self-employed people are “sleepwalking” into giant tax bills due to a little-publicised change to the way businesses report their profits. Tax experts have warned that many of those affected are unaware
As Italy took the drastic step of imposing a nationwide lockdown in early March 2020, senior officials in Downing Street sat “laughing” as Britain’s European neighbour desperately tried to contain the spread of Covid-19. The revelation came as a series of damning testimonies to the UK’s official pandemic inquiry this week laid bare a “toxic”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When was the last time you thought about the computer chip in your laptop? For most people, the answer would be “never” — and they’d like to keep it that way. Like it or not,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Young Conservatives have become an endangered species in the UK. On five separate occasions in the past two months, polls have shown that fewer than one in 10 of Britain’s under-30s plans to vote Tory
Ya’akov Levin was a life-long supporter of Likud, the centre-right party of Benjamin Netanyahu, Israel’s prime minister. But after Hamas’s bloody rampage through southern Israel on October 7, he says he will never vote for it again. “Netanyahu sold himself as Mr Security and then this happened,” the Jerusalem wine merchant said. “He has to
© AFP via Getty Images Danish shipping line AP Møller-Maersk will cut 10,000 jobs, almost a tenth of its workforce, after it reported sharp falls in revenues and profits in “a difficult market environment”. Maersk said it would cut its workforce to below 100,000, from 110,000 in January 2023, producing savings of $600mn next year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FTX founder Sam Bankman-Fried was convicted of fraud and money laundering by a New York jury in a landmark criminal verdict that is likely to condemn the former crypto tycoon to decades in prison and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple failed to dispel Wall Street’s concerns about a lacklustre outlook for its hardware businesses and potential pressure on its position in China as it announced quarterly earnings on Thursday, leaving its shares down nearly
Visa completes Hong Kong digital currency trial with HSBC and Hang Seng Hong Kong is one step closer to a central bank digital currency (CBDC) with the release of its successful phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank. According to a Nov. 1 announcement, Visa said that it achieved “near
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s son Eric turned testy on the witness stand on Thursday as he sparred with a lawyer for the New York attorney-general about his knowledge of the financial statements at the heart of a
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US House of Representatives has approved legislation to provide $14bn in new aid to Israel, but the bill faces resistance in the Senate and opposition from the White House because it fails to
Ivanka Trump David A. Grogan | CNBC Ivanka Trump asked a New York appeals court to pause the $250 million fraud trial of her family and its business empire as she appeals a judge‘s order requiring her to testify in the case next week. The request to stay the entire trial came at the tail
This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the
A Pennsylvania company that operates three nursing homes is in default, and it’s a familiar story: staff shortages and a large slump in occupancy in the aftermath of the pandemic. Senior Choice Inc. failed to make interest and principal payments due Oct. 31 on its $15.9 million bond issued in 2006 by the Cambria County
The governing body for the aragonOS software will dissolve, distributing most of its assets to token holders in the process, according to a Nov. 2 blog post. The body, called the Aragon Association (AA), will distribute 86,343 Ether (ETH), approximately $155 million at the current price, from its treasury to token holders as it unwinds.
Municipals rallied hard Thursday following another day of U.S. Treasury market gains while equities closed the session up as investors contemplate the end of Fed rate hikes. Triple-A yields fell 10 to 14 basis points while UST saw gains of up to 16bps out long. These were the largest gains the muni market has seen
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Andrew Bailey was at pains to stress his resolve to further hike interest rates if necessary on Thursday, as the Bank of England governor warned there was a long way to go before policymakers
A sign ‘FOR SALE’ seen outside a house in Edmonton on October 22, 2023, in Edmonton, Alberta, Canada. (Photo by Artur Widak/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images The National Association of Realtors announced Thursday that CEO Bob Goldberg will resign earlier than expected, as the group contends with the fallout from
Securities and Exchange Commission Chairman Gary Gensler and his team at the SEC have increasingly come under fire for their aggressive regulatory agenda, and there is a growing push from the securities industry for the agency to give the market more time to digest the many overlapping proposals. That’s the takeaway from the latest House
The dramatic move last month by UBS Financial Services to lay off nearly its entire public finance team and exit the negotiated underwriting business is an extreme example of the cuts seen at big firms since January as the municipal market slogs through its second year of anemic issuance. But the Wall Street layoffs offer
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This week, techie eyes have been fastened on Bletchley Park in Britain, where the UK government has been trying to launch cross-border collaboration against artificial intelligence threats — with mixed success. However, over in Washington