Receive free Meta Platforms updates We’ll send you a myFT Daily Digest email rounding up the latest Meta Platforms news every morning. Meta is preparing to charge EU users a $14 monthly subscription fee to access Instagram on their phones unless they allow the company to use their personal information for targeted ads. The US
Bitcoin (BTC) traded moderately higher on Oct. 3 after giving back $1,300 of gains into the daily close. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls slip at $28,600 Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on $27,500. The pair unwound overnight, descending from six-week highs near $28,600 to bounce at
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. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning from Manchester. Jeremy Hunt
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Rishi Sunak has defended his plan to axe the HS2 high speed rail line to Manchester, criticising the “enormous” cost of the project and saying he was prepared to take tough decisions. The
An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property giant Evergrande surged Tuesday after it resumed trading in Hong Kong. The stock rose 20.31% after briefly touching 46 Hong Kong cents shortly after the open. Shares have been
Receive free Asset allocation updates We’ll send you a myFT Daily Digest email rounding up the latest Asset allocation news every morning. This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Yesterday, we tried to decipher the message
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a senior analyst at Lloyd’s List Intelligence The effectiveness of the G7 price cap on Russian oil stumbled at the first hurdle when prices rallied from July. That is because the principle
Receive free Renewable energy updates We’ll send you a myFT Daily Digest email rounding up the latest Renewable energy news every morning. Canadian investment firm Brookfield is buying one of the UK’s largest renewable developers, in a boost for the country’s onshore wind industry after recent setbacks. Brookfield will acquire Durham-based Banks Renewables in a
The writer is the director of the Carnegie Russia Eurasia Center in Berlin The tens of thousands of people who have fled their homes in Nagorno-Karabakh, a part of Azerbaijan with a predominantly Armenian population, are a powerful illustration of the sad reality that “might makes right” in the South Caucasus. Last month, Azerbaijan took
Receive free UK society updates We’ll send you a myFT Daily Digest email rounding up the latest UK society news every morning. What unites the following three countries: Portugal, the Republic of Ireland, and the United Kingdom? One answer is that all three are led by ethnic minority leaders: António Costa, Leo Varadkar, and Rishi
At the height of the pandemic, investors clamoured to buy vaccine makers, the closest thing to a sure bet. But the fall in coronavirus infections has meant a reversal in fortunes for these Covid-19 winners, with the shares sliding on sales uncertainty and questions surrounding their future growth. Shares in Pfizer, which developed a vaccine
The Deepwater Horizon oil rig disaster in 2010, which killed 11 workers and released almost 5mn barrels of oil into the Gulf of Mexico, was not just an environmental cataclysm. It also changed the financial industry. Until then, sustainability ratings had been a niche business. For companies that made their living providing data and creating
In this article .HSI Follow your favorite stocksCREATE FREE ACCOUNT An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index’s loss of over
Receive free Kevin McCarthy updates We’ll send you a myFT Daily Digest email rounding up the latest Kevin McCarthy news every morning. Matt Gaetz, the firebrand Republican congressman from Florida, has moved to oust the Speaker of the House of Representatives, setting the stage for a dramatic vote within 48 hours to determine Kevin McCarthy’s
The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison. On Oct. 2, nine new ETF products, which are designed to track futures contracts tied to the value of Ethereum’s native currency Ether (ETH) arrived on
© AFP via Getty Images The United Nations Security Council has authorised a security mission to fight gangs in Haiti, after a year of deadlock on the issue. China and Russia abstained from the vote, while the other 13 member countries voted in favour. Kenya has pledged to lead the mission with 1,000 police, while
Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. UK retail inflation declined to the lowest level in a year in September as food price growth eased sharply to a single-digit rate, industry data showed on Tuesday. Shop prices rose at an
J.W. Verret is a Harvard-educated attorney who teaches corporate finance and accounting at George Mason University. His work has increasingly intersected with the cryptocurrency sector in recent years, as his legion of Twitter followers — who know him as “BlockProf,” or the Blockchain Professor — are poignantly aware. Aside from his work at GMU, Verret
Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2, citing changes in the market. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct, we did not launch today. We
Munis were mixed Monday while U.S. Treasuries saw larger losses, moving yields to multi-year highs. Equities ended mixed. Muni yields were cut up to three basis points, depending on the scale, while UST yields rose seven to 11 basis points. As the 10-year reached a high of 4.684% — the highest level since 2007 —
A group of Puerto Rico Electric Power Authority bondholders opposed to the Oversight Board’s proposed plan of adjustment identified its members Wednesday. The new faction, called the PREPA Ad Hoc Group, holds $2.1 billion in uninsured PREPA bonds and hundreds of millions of dollars more in insured bonds. $8.5 billion of PREPA bonds were outstanding