In a recent campaign video, Poland’s de facto leader Jaroslaw Kaczyński is seen on the phone allegedly with a German official urging him to raise the retirement age. “There is no more Tusk and these things are over,” Kaczyński says. The ad was a spoof. But with elections due on October 15, the political intention
If Rishi Sunak pulls the plug on the northern leg of HS2 as expected, it will vindicate one of his advisers, Andrew Gilligan, who has railed against the scheme for more than a decade. Though Downing Street officials said all policy decisions in the Sunak administration stem from the prime minister himself, Gilligan, a former
The House of Representatives fell silent as Steve Womack, the Republican congressman from Arkansas, read the results of the historic vote: “The office of the Speaker of the House of the United States House of Representatives is hereby declared vacant.” “Now what?” one unidentified lawmaker loudly replied. It was a question that echoed across Washington
Vehicles travel along a highway past commercial and residential buildings in Tokyo, Japan, on Wednesday, Feb. 8, 2023. Bloomberg | Bloomberg | Getty Images Foreign investments into Japan’s real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country’s central bank maintains its ultra-loose monetary policy. “It
New York congresswoman Elise Stefanik, with ousted Speaker Kevin McCarthy behind her, talks to reporters last November. She is considered a potential replacement for McCarthy © Chip Somodevilla/Getty Images The US House of Representatives is now in chaos. Nobody knows who the next Speaker will be. It took Kevin McCarthy 15 rounds before he won
Receive free Inside Business updates We’ll send you a myFT Daily Digest email rounding up the latest Inside Business news every morning. The best-selling budget electric car in China sells for about $5,000. A fall in prices to such affordable levels helped almost double China’s passenger electric vehicle sales last year. At 5.9mn units, sales
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on CNBC’s “Last Call” Tuesday,
Receive free HS2 updates We’ll send you a myFT Daily Digest email rounding up the latest HS2 news every morning. UK chancellor Jeremy Hunt launched a successful rearguard action to ensure the HS2 high-speed rail line is built to Euston station in central London, even as Rishi Sunak prepared to axe the northern leg of
In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in
Munis were weaker Tuesday, but outperformed a U.S. Treasury selloff. Equities sold off as well. Triple-A yields rose anywhere from two to eight basis points while UST saw yields rise by as much as 13 basis points out long. The two-year muni-to-Treasury ratio Tuesday was at 72%, the three-year was at 72%, the five-year at
Receive free Kevin McCarthy updates We’ll send you a myFT Daily Digest email rounding up the latest Kevin McCarthy news every morning. Kevin McCarthy’s position as Speaker of the House of Representatives was in peril on Tuesday after 11 Republicans voted to proceed with an effort to oust him and Democrats said they would not
Receive free War in Ukraine updates We’ll send you a myFT Daily Digest email rounding up the latest War in Ukraine news every morning. President Joe Biden hosted a call with western leaders to co-ordinate assistance for Ukraine on Tuesday following a compromise to keep the US government open in a deal that excluded more
Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled to 76. Nearly $686 million
Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. This decline happened because of the disappointing performance of Ether (ETH) futures exchange-traded funds (ETFs) that were launched on Oct. 2 and concerns about an upcoming economic
PNC Bank has hired Mark Pryce as a municipal bond underwriter as the firm looks to expand its presence in Texas. Pryce, who is based out PNC’s Dallas office and started in mid-September, has more than 20 years of municipal underwriting experience. During that time, Pryce worked on several teams of public finance professionals — including
The Securities and Exchange Commission has settled with New Orleans-based auditor Luther Speight and Company and its principal Luther Speight for violating the antifraud provisions of the Securities Act by failing to adhere to Generally Accepted Auditing Standards in connection with a Louisiana school board’s 2019 audit. Jacob Frenkel, chair of government investigations and securities
Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with inflows in the amount of $20.4 million for the week. Good week, everyone. Here are
Bitcoin’s (BTC) price bull run towards $28,000 on Oct. 1 was partially fueled by the uncertainty regarding the United States debt limit. However, the U.S. President Joe Biden signed the spending bill just hours before the Sept. 30 deadline, avoiding a government shutdown. Investors now question if the momentum remains favorable for cryptocurrencies given that
As the calendar moves into autumn, clusters of wildflowers across Colorado are withering away, not to be seen again until springtime. While these blossoms may be disappearing for the time being, something else is blooming in Boulder County—a once-in-a-lifetime real estate opportunity. The Boulder Flower Farm, the region’s largest flower producer, has arrived on the
Receive free Conservative Party UK updates We’ll send you a myFT Daily Digest email rounding up the latest Conservative Party UK news every morning. UK home secretary Suella Braverman said a “hurricane” of migrants was threatening to enter the country in a speech to Conservative activists that staked her claim to lead the party’s rightwing.
McCormick spices are displayed on a shelf at a supermarket on March 28, 2023 in San Anselmo, California. Spice Maker McCormick reported better-than-expected first quarter earnings with revenues of $1.57 billion compared to $1.52 billion one year ago. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday