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Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, in a sign that lower-income consumers’ financial health is waning after years of high inflation. Credit
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Poland aims to complete a border wall and seal off its border with Belarus by next summer, in order to stop an influx of migrants Warsaw describes as Russia’s hybrid war. The additional infrastructure works
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vladimir Putin has apologised to Azerbaijan for what he described as a “tragic incident” involving an Azerbaijani aircraft in Russian airspace on Christmas Day. Moscow phoned Azerbaijani president Ilham Aliyev and the Russian president expressed
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 former global head of equity capital markets at Bank of America and is now a managing director at Seda Experts Bitcoin’s spectacular surge this year has reignited a dilemma on Wall
Oregon Gov. Tina Kotek has been working furiously the past 30 days launching her budget proposal and closing the door on a special session to deal with costs associated with a record-breaking 2024 wildfire season.Oregon Governor’s Office It’s been a busy 30 days for Oregon Gov. Tina Kotek. Since Thanksgiving, she has approved legislation drafted
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US tech stocks slid lower on Friday as investors pivoted away from companies that had led markets higher for much of this year. The S&P 500, Wall Street’s main equity benchmark, dropped 1.6 per cent
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Tax experts have questioned Sir Keir Starmer’s claim that a “typical family” farm will receive a £3mn exemption from inheritance tax. They argue the government’s figure is “misleading” because it requires farmers to meet complex
“This ruling protects critical funding that helps us provide public safety, infrastructure and other essential services for our residents,” Round Rock Mayor Craig Morgan said.City of Round Rock, Texas A Texas judge ruled largely in favor of six cities that sued the state comptroller over a move that would have cost them millions of dollars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian anti-aircraft fire may have caused a plane to crash in Kazakhstan on Christmas Day, according to defence experts and officials in the region. The Azerbaijan Airlines flight was en route from Azerbaijan’s capital Baku
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India has eclipsed China as Asia’s top market for company listings this year, as buoyant stock prices spark a boom in initial public offerings. Propelled by companies including Swiggy and Hyundai Motor, India will be
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has carried out a Christmas Day attack on Ukraine’s energy system, leaving more than half a million consumers without heating, water and electricity. Ukrainian President Volodymyr Zelenskyy said the attack, the 13th large-scale
A housing development in the Denver suburbs. Infrastructure for most new residential development in Colorado is financed through metropolitan district bonds.Bloomberg News A flurry of first time and repeated technical bond defaults by Colorado metropolitan districts in December is raising concerns about the debt, which finances public infrastructure such as roads, sewers, parks, and recreation
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has stepped up a nationwide campaign to convince single people to date, marry and have children as Beijing grapples with an increasingly severe demographic crisis. Local governments are cold-calling married women to ask about
Laura Dougherty, staff attorney for the Howard Jarvis Association, was granted a one-month extension to Jan. 31 to file briefs in the case against San Jose.Howard Jarvis Taxpayer Association The California Supreme Court agreed to an extension for filing briefs in San Jose v. Howard Jarvis Taxpayer Association, the primary case challenging cities’ use of
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Joe Biden has stamped his legacy on the federal bench after Senate Democrats raced to confirm more than 200 nominees to lifetime appointments in courts across the US, outpacing Donald Trump’s tally during
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Connecticut Gov. Ned Lamont has consistently defended the fiscal guardrails he inherited when he first won the office in 2018.Bloomberg News Connecticut’s “fiscal guardrails,” a 2017 set of budget reforms, have a pretty big reputation, as budget policies go. The guardrails, placed in the state’s bond covenants, forced the state to pay down billions of
While the holiday spirit will dominate the news agenda, there are notable developments to watch across the world, as the three defining themes of 2024 — elections, war and inflation — continue to hum in the background. On Tuesday, Moldova’s pro-EU president-elect Maia Sandu will attend her inauguration. Her narrow election victory in October, despite
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior Spotify executives and board members have sold $1.25bn worth of the company’s stock in 2024 — including $900mn in payouts for its two co-founders — as they capitalise on the music streamer’s soaring share price.
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