Receive free Metro Bank updates We’ll send you a myFT Daily Digest email rounding up the latest Metro Bank news every morning. Metro Bank’s chair and chief executive have been summoned to urgent talks with the UK’s top financial regulators today, after the bank’s share price plunged 28 per cent following reports of a large
Receive free Armenia-Azerbaijan conflict updates We’ll send you a myFT Daily Digest email rounding up the latest Armenia-Azerbaijan conflict news every morning. The writer is senior fellow at the International Institute for Strategic Studies and a former UK ambassador to Belarus After its latest military offensive two weeks ago, Azerbaijan is set to regain control
A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution. The former FTX CEO is facing a total of seven charges
Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. UK construction activity posted its biggest monthly slide since May 2020 as a steep downturn in housebuilding led to a greater than expected fall in September, according to a closely watched survey. The
Receive free Alstom SA updates We’ll send you a myFT Daily Digest email rounding up the latest Alstom SA news every morning. Alstom shares plunged as much as 37 per cent on Thursday after the French maker of high-speed trains slashed its forecast for free cash flow as a UK project and other deliveries were
Receive free FT Magazine updates We’ll send you a myFT Daily Digest email rounding up the latest FT Magazine news every morning. Not to sound smug or anything, but I live in the western world’s capital of high-speed rail. From Paris, I zip by train to Amsterdam, Brussels, Marseille and other cities. I regularly power
In the Southern California housing market, a 1925 home with an architectural pedigree is sure to pique interest. But in the Santa Barbara enclave of Hope Ranch, a classic Spanish-style hacienda designed by the same man who shaped local landmarks such as the Montecito Inn and the former fire station raises the stakes. “That it
The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF). Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange
The integration of conventional payment cards with cryptocurrency exchanges is playing a crucial role in driving the adoption of digital assets, according to a Visa executive. Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, head of innovation and design, Akshay Chopra, highlighted the role that
What is a wrapped token? Tokens are wrapped to make them usable on a different blockchain or in a particular environment to which they are not native. A wrapped token is a sort of cryptocurrency or digital asset that is backed by another coin or asset, often one that is native to a particular blockchain
A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours amid a scourge of SIM-swap hacks seemingly targeting Friend.tech users. On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different Friend.tech users. The
Mortgage broker Nicholas Mendes can describe how his customers have felt over the past year in a single word: shocked. “People coming off their fixed rate from less than 2 per cent have that reaction of ‘Wow, that’s my new monthly repayment?’,” said Mendes who works at London-based company John Charcol. Across Europe, borrowers looking
Receive free US House of Representatives updates We’ll send you a myFT Daily Digest email rounding up the latest US House of Representatives news every morning. The clock is ticking for Republicans on Capitol Hill to elect a new leader, after the dramatic ouster of Kevin McCarthy this week left the House of Representatives without
A sell-off in global bond markets has pushed borrowing costs to their highest levels in a decade or more. That means potentially heavy losses for banks, insurers, pension funds and asset managers that own trillions of dollars of sovereign and corporate debt after loading up in recent years. Policymakers and investors are wary that the
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Belgium’s intelligence service has been monitoring Alibaba’s main logistics hub in Europe for espionage following suspicions Beijing has been exploiting its growing economic presence in the west. European governments
Decentralized social media (DeSo) application Stars Arena has caused a major uptick in activity on Avalanche’s C-chain network. As network activity increased, so did the price of the network’s native AVAX (AVAX) token, which has gained more than 8% in the last 24 hours. Launched in late September, the Friend.tech-inspired Stars Arena has seen the
In July 2022 Rishi Sunak did not want to kill HS2: he wanted to save it. When he stood to be Tory leader and UK prime minister against Liz Truss, Sunak claimed he supported the high speed rail project and even wanted to reinstate the Birmingham to Leeds leg, which had been axed by Boris
The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into Bitcoin (BTC). In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with
Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4. The firm’s balance sheets also strengthened despite Bitcoin’s price (BTC) recording another month of sideways movement — hovering between the $25,100 and $28,500 mark. Marathon’s Bitcoin production rises 245%
Oil prices notched their steepest fall in more than a year on Wednesday, settling near $85 a barrel and erasing gains from the past month. Brent crude fell 5.6 per cent to settle at $85.81 a barrel, its sharpest decline since August 2022. Last week, it approached the $100 mark, hitting an intraday high of
Rishi Sunak’s decision to cancel the northern leg of the HS2 railway has ended the UK’s ambition to build a high speed line linking northern and southern cities along the spine of the country. The prime minister said he has ended the “old consensus” which focused on linking up major cities “at the exclusion of