Former U.S. President Donald Trump holds up a news story about New York Attorney General Letitia James as he speaks to the media at one of his properties at 40 Wall Street following closing arguments at his civil fraud trial on January 11, 2024 in New York City. Spencer Platt | Getty Images Donald Trump
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Leading western and Chinese artificial intelligence scientists have issued a stark warning that tackling risks around the powerful technology requires global co-operation similar to the cold war effort to avoid nuclear conflict. A group of
The California Senate introduced a plan that would shrink the state’s deficit, but still leave a sizable gap. Calling it an early stab at the shortfall, Sen. Leader Mike McGuire, D-North Coast, and Senate Budget & Fiscal Review Committee Chair Scott Wiener, D-San Francisco unveiled a plan last week that cuts $17 billion through program
Private borrowers that issue tax-exempt bonds through Pennsylvania conduit issuers don’t need to follow the state’s prevailing wage requirements for public projects. That’s the final word from the Pennsylvania Supreme Court, which in February decided a case that was filed in 2018 over bonds issued in 2016. Ursinus College issued bonds through a public authority
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Who’s the fucking superpower here,” said Bill Clinton, after his first meeting with Benjamin Netanyahu in 1996. The former US President was outraged by the new Israeli prime minister’s hectoring arrogance. Almost 30 years later,
Vladimir Putin is cruising to victory in Russia’s presidential election, cementing his rule for another six years amid his invasion of Ukraine and brutal suppression of dissent. The result of the three-day election ending on Sunday is a foregone conclusion after the Kremlin outlawed all criticism of Putin or the war and blocked any opposition
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has agreed to pay $490mn to settle a class action accusing chief executive Tim Cook of misleading investors in 2018 by exaggerating demand for the iPhone in China. Investors claimed Cook overstated demand for
To toll, or not to toll, that is the question for Oregon lawmakers as they continue work on a comprehensive plan to create a sustainable revenue stream that will support the state’s transportation infrastructure. Oregon Gov. Tina Kotek sowed confusion on Monday when she halted plans to toll Portland-area freeways, citing uncertainty about freeway project
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela will hold its presidential election on July 28, ending speculation over when polls will be held as political repression increases in the South American country. Socialist strongman President Nicolás Maduro is expected to run
Hawaii Department of Transportation airport division revenue bond ratings and bonds issued by the state backed by car rental fees were upgraded by Fitch Ratings, which cited full recovery on enplanements. Fitch upgraded the airport’s $1.7 billion in revenue bonds to AA-minus from A-plus and $111.6 million in certificates of participation to A-plus from A
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US-Israel relationship erupted on Thursday after America’s most prominent Jewish politician called for Benjamin Netanyahu’s hardline government to be replaced, accusing him of weakening his country’s “political and moral fabric” and being an “obstacle
IDEA Public Schools in Texas will operate under state oversight as part of a settlement agreement with the charter school network, which was the target of a probe since 2021 into alleged financial and operational improprieties. The Texas Education Agency (TEA) appointed two conservators to oversee and direct IDEA’s actions, facilitate a needs assessment, conduct
Argentina’s senate has rejected a sweeping emergency decree issued by president Javier Milei to deregulate the economy, serving a major blow to the libertarian leader. Senators voted 42 to 25 to reject the decree, with four abstentions. Issued in December, Milei’s plan modifies or eliminates more than 300 regulations on areas such as the rental
The Florida state legislative session ended Friday with lawmakers approving a $117.46 billion budget for fiscal 2024-2025, up 0.8% from the $116.5 billion fiscal 2023-2024 budget. This year’s budget provides another $500 million toward accelerating the debt pay-down. The general fund budget totals roughly $49.4 billion, a 7.2% increase from the current fiscal year’s budget
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I left my meeting with a senior French officer feeling that the west is so weak it scarcely exists any more. “The West”, a longtime object of obsession for anti-westerners from Egypt’s President Nasser to
The Kansas Department of Transportation expects to head to the municipal market this summer with its first bond issue to help finance a $10 billion, statewide transportation improvement program. The $200 million of bonds backed by state highway fund revenue will be sold in a negotiated deal for the 10-year Eisenhower Legacy Transportation Program, which
Joe Biden plans to express serious concern over Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal’s progress and anger Japan, one of Washington’s closest allies. Biden will issue a statement about the Japanese group’s proposed $14.9bn acquisition of the Pennsylvania-headquartered steelmaker before Prime Minister Fumio Kishida arrives for a
In the two years he’s served on Ukraine’s battlefield, Ilya has had just 25 days of leave. “Two years without a break, without rotation — of course, morale is low and it’s killing motivation,” said Ilya, who serves in an assault brigade. “We need either rotation or normal vacations to rest properly.” The soldier said
Private entities pitching Florida local governments on unsolicited public-private partnerships would face less competition and a smoother approval process under a bill that the Legislature passed and sent to Gov. Ron DeSantis last week. Senate Bill 781 would allow a local government to enter into an unsolicited proposal for a P3 without engaging in a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cross-border fire between Israel and Hizbollah escalated sharply overnight, as Israeli jets struck targets deep inside Lebanon and the militant group responded with some of the largest rocket barrages on northern Israel since the start
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