The Puerto Rico Oversight Board defended its proposed supplemental disclosure statement and plan of adjustment in a court filing, and asked the judge to dismiss objections claiming the plan was unconfirmable. The board asked the United States District Court for the District of Puerto Rico to reject the challenges made in mid-October by GoldenTree Asset
Overdue and over budget, a project to redevelop Connecticut’s New London Pier into an offshore wind energy hub for projects along the Atlantic coast is nearly complete. Its first shipments, components for a project in the Long Island Sound, are set to leave port early Tuesday. Launched in 2020 with an original price tag of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Social media platform X, formerly known as Twitter, has valued its equity at $19bn, the company told employees, a year after Elon Musk acquired it in a $44bn deal. In an internal note sent to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of mourners have flocked to Li Keqiang’s childhood home to pay their respects to a reformist politician many saw as the “people’s premier”, creating a potential political challenge for Chinese president Xi Jinping. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A British Conservative MP has been sacked from his role as a ministerial aide after breaking ranks with the government by calling for a ceasefire in Israel and Gaza. Paul Bristow was fired as a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli prime minister Benjamin Netanyahu sought to convince European leaders to put pressure on Egypt into accepting refugees from Gaza, according to people briefed on the discussions. The idea, which he put forward in meetings with
Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy.
Texas Sen. Ted Cruz has said he will challenge more than $5.5 billion of federal transportation grants after the U.S. Government Accountability Office agreed with him that the grant criteria should be subject to Congressional approval. The GAO on Oct. 18 issued an eight-page ruling that found that the U.S. Department of Transportation’s Multimodal discretionary
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The conflict in Israel threatens much in the region and beyond. Rising tensions and security concerns also have potential repercussions on the country’s ambitions to grow its natural gas exports. In the space of little
Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress. In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and opportunities faced by small island nations worldwide. [embedded content] Cape Verde, officially the Republic
The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day moving average and 200-day moving average on the daily timeframe. Liquidity maps
Against the backdrop of a big state-funded property tax cut and with a bond guarantee program fully back in business, Texas public school districts are asking voters for almost $18 billion of debt Nov. 7. That accounts for the lion’s share of the $28.48 billion of bonds in 218 measures on Texas ballots, according to
Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an Oct. 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance. The new feature allows PancakeSwap users to deposit tokens into single-asset vaults via the exchange’s user interface. Once the tokens are deposited, they go into a
Analysts are certain the Federal Open Market Committee will not increase rates at the meeting that ends Wednesday, but the December meeting is still in play for the last 25 basis point rate hike that was predicted by the panel’s Summary of Economic Projections. The final 2023 meeting remains in play, according to Tony Welch,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government’s planning for the Covid-19 pandemic was “inadequate” with no real strategy in place to deal with the crisis that unfolded, according to Boris Johnson’s former principal private secretary. Martin Reynolds, who headed the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chair, putting the Big Four accounting firm in the hands of a consulting partner for the first time. Kande’s
No one really knew what would happen when Colorado legalized marijuana. Maybe the money would transform Colorado’s schools or destroy the Mexican drug cartels. Or turn the state’s youth into potheads and embolden the illegal market. In 2014, the year legal recreational cannabis hit the market in Colorado, the state pulled in $67 million of tax
A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, financing the entire trip through Bitcoin and Nostr donations. Kweks poses with a Bitcoin and NOSTR flag at the summit of Kilimanjaro. Source: X (formerly Twitter) Kweks (not his real name) crowdfunded over $1,700 in Bitcoin (0.0018 BTC) to cover the costs
The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin (BTC) futures, now stands just behind Binance in terms of notional open interest to rank second in the list of BTC futures exchanges. The CME’s open interest hit $3.58 billion on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Historians are fascinated by the outbreak of the first world war. How could the assassination of an Austrian archduke in Sarajevo in June 1914 have led, just a few weeks later, to a conflict that
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. A newly elected far right German politician has been arrested for sedition and possession of Nazi materials after a tense manhunt over the weekend. Daniel Halemba, 22, had been due to take up his seat