The UK car industry has strongly criticised prime minister Rishi Sunak for considering moving back a ban on new petrol and diesel cars to 2035 from 2030, saying it threatens the UK’s international leadership and the industry’s efforts to pivot to EVs. “Ending emissions from road transport is the only way you will achieve net
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Since Brexit, the Conservative party has been “doubling down on a shrinking demographic”, its voter base is “diminishing one funeral at a time” as it bets “on the past against the future”. So
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense. Applications to refinance a home loan jumped 13% last week
Major cryptocurrency investment firm Grayscale has finally taken a decision to abandon all the rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW). Announcing the news on Sept. 18, Grayscale said that the firm has “irrevocably abandoned” all the rights to ETHPoW tokens on behalf of the record date shareholders of each product. After thorough
On-chain data suggests that Bitcoin (BTC) holders are accumulating BTC with exchange holdings down to yearly lows and the percentage of inactive BTC supply at all time highs. According to Glassnode’s Bitcoin supply last active chart, inactive BTC that has not moved from an address for more than 1, 3 and 5 year time frames
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Ford has criticised anticipated moves by the UK government to delay its net zero efforts, even as home secretary Suella Braverman attacked previous government commitments as “arbitrary”, “punitive” and “totally unrealistic”. Car manufacturers
Bitcoin Ordinals’s creator and chief coder, Casey Rodarmor, has recently proposed changing the protocol’s numbering system with the aim of simplifying the project’s codebase. Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned a unique inscription number. They functioned similarly to serial numbers and have been an integral
Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization. South Korea’s National Tax Service (NTS) issued an official announcement on Sept. 20, stating that 1,432 individuals and corporations reported overseas accounts in cryptocurrency this year. The total reported amount in
Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the
Cross-margin trading is a risk management tactic in cryptocurrency trading whereby traders utilize the whole balance of their accounts as collateral for their open positions. Using account balance as collateral implies that the entire amount of the account is at risk in order to cover future trading losses.Cross margining makes higher leverage possible, allowing traders
Receive free Capital markets updates We’ll send you a myFT Daily Digest email rounding up the latest Capital markets news every morning. European stocks and Wall Street futures were higher on Wednesday, hours before the Federal Reserve is widely expected to leave its policy rate unchanged and deliver its latest set of short-term interest rate
Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. UK inflation was lower than expected in August, falling to 6.7 per cent from 6.8 per cent in July, rather than increasing on the back of higher petrol costs. The drop in almost
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Uber executive has warned that Brussels’ proposals to designate gig workers as de facto employees will force its ride-hailing service to shut down in hundreds of cities across the bloc and raise prices
Receive free US interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest US interest rates news every morning. The Federal Reserve is set to maintain its benchmark interest rate at a 22-year high on Wednesday but signal that it remains willing to tighten monetary policy further as it debates
Receive free UK infrastructure updates We’ll send you a myFT Daily Digest email rounding up the latest UK infrastructure news every morning. When not writing this column, I am overseeing my own once-in-a-generation infrastructure project. As dust levels rise and bank balances fall, I am determined to relieve bedroom bottlenecks and improve cohabiting comfort while
The United Auto Workers have shut down just three of Detroit carmakers’ roughly 70 factories or parts distribution centres across the US — a seemingly minimalist tactic the union believes will maximise its leverage at the bargaining table. What the UAW is calling a “stand up strike”, where union members at individual facilities walk out
Receive free Social affairs updates We’ll send you a myFT Daily Digest email rounding up the latest Social affairs news every morning. The writer, an FT contributing editor, is chief executive of the Royal Society of Arts I am suffering from PESD (post-examination stress disorder). This is a new condition — indeed, I have just invented
The £70bn price tag for Britain’s beleaguered High-Speed Rail 2 project is set to be revised upwards to account for inflation within months to a figure closer to £91bn, according to calculations by the Financial Times. The expected rise in the headline figure comes as UK prime minister Rishi Sunak and chancellor Jeremy Hunt are
Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently “under an attack.” The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice. The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT
Disney’s theme parks had a robust performance in 2022 as fans returned after Covid-19 closures, particularly in Shanghai © Aly Song/Reuters Disney said it would double spending on theme parks, resorts and cruise lines to $60bn over the next decade, sending shares lower despite a boost to the business segment that has driven profits over
Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%. Bitcoin’s halving is a high-profile event for crypto investors, and has historically led to an increase in Bitcoin’s price. However, its impact on