Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s conservative president Yoon Suk Yeol has declared martial law, accusing the left-wing bloc that controls the national assembly of North Korean sympathies and plotting rebellion. Yoon, a hardline former chief prosecutor, said in
Rafael Enrique | Lightrocket | Getty Images Macroeconomic uncertainty and potential policy changes under the administration of President-elect Donald Trump have driven the stock market to new heights the past four weeks. But investors stand to benefit if they ignore short-term noise to focus instead on companies that can navigate challenges and deliver solid returns
GE Hitachi Nuclear Energy’s BWRX-300 small modular reactor incorporates proven components. Courtesy: GE Verona GE Vernova is aiming to deploy small nuclear reactors across the developed world over the next decade, staking out a leadership position in a budding technology that could play a central role in meeting surging electricity demand and reducing carbon dioxide
House Appropriations Chair Rep. Tom Cole, R-Okla., said disaster aid may be included in a short-term government funding bill this year.Al Drago/Bloomberg News Lawmakers will return to Capitol Hill next week to wrap up the 118th Congress with must-pass government funding and national defense authorization bills and fresh disaster funds on tap. The lame-duck session ending
“Emergency relief funding is not just about repairing infrastructure, it’s about ensuring that transportation remains a critical support system for communities rebuilding after devastating natural disasters,” said Paul P. Skoutelas, APTA President and CEO. ”This funding is critical now more than ever, as climate-driven disasters increase in intensity and frequency. Congress must act swiftly to provide
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Syrian rebel fighters said they were pressing southward after taking over most of the country’s second city Aleppo, including its international airport, in a lightning assault that poses the biggest challenge in years to Bashar
For the past few years, Syria has been locked in an uneasy stalemate, fragmented and devastated after more than a decade of civil war, but with the front lines frozen and the worst of the fighting seemingly over. The regime of President Bashar al-Assad had claimed a Pyrrhic victory after brutally crushing a rebellion with
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<img src=”https://public.flourish.studio/visualisation/20548015/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were lightly traded in a post-Thanksgiving holiday-shortened session, but the asset class held onto a firmer tone Friday following an improved U.S. Treasury market, ahead of what’s building up to be a sizable new-issue slate for the first week of the last month of 2024. Demand for paper
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ireland is awash with cash from record surpluses, but a failure to deliver major infrastructure despite extravagant spending has sparked a painful question: does the EU nation have more money than sense? Nine years after
Voters heading to the polls in Dublin Central in Friday’s general election will have to choose from a list that includes Ireland’s opposition leader, the head of Brussels’ Eurogroup of finance ministers — and a notorious criminal. For 65-year-old grandmother Georgina, the veteran gangster is the obvious choice. “I definitely know who I’ll be voting
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ireland’s nationalist Sinn Féin party overtook its political rivals to win 21.1 per cent in Friday’s general election, according to an exit poll, in a photo finish to a tight race. The conservative Fine Gael
Just_super | E+ | Getty Images Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive “critical shock” for the country’s fiscal health. A working paper released
Brandon Bell | Getty Images News | Getty Images As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Trump’s campaign promises — from tariffs to mass deportations, tax cuts and deregulation — and his picks to lead federal agencies suggest both risks and rewards for
Moody’s Ratings downgraded Manhattan, Kansas, bonds to A1 from Aa3 in the wake of a tardy audit and deteriorating finances. A tardy annual audit and deteriorating finances led Moody’s Ratings to downgrade the issuer and general obligation rating for Manhattan, Kansas, to A1 from Aa3 and warn the rating could be lowered further or even
<img src=”https://public.flourish.studio/visualisation/20497288/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved, outperforming small losses in U.S. Treasuries Tuesday, while equities closed with the Dow and S&P 500 hitting records. The day’s moves followed the Federal Open Market Committee meeting minutes that signaled the Federal Reserve will be cautious with further policy easing. If the economy progresses as expected,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When a stock market is shrinking, delistings are demoralising. On Wednesday, Just Eat Takeaway said it would ditch its secondary London listing. It’s a sensible move for the lossmaking company which needs to cut costs.
Just days after Robert F Kennedy Jr succeeded in putting his allies into the top health jobs in Donald Trump’s next administration, there are signs his “Make America Healthy Again” movement is starting to splinter. Behind closed doors at Trump’s Mar-a-Lago country club and at Kennedy’s nearby Palm Beach residence in recent days, tensions have
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