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
Seventeen years after Branson Airport issued bonds to fund the construction of an airport that opened in May 2009, it is again asking for forbearance from bondholders as it seeks federal funds for upgrades. Bond trustee UMB Bank last month filed notice to bondholders that the airport’s leaders want to pursue federal grant funding for
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Growing optimism about the world economy and improved corporate earnings is driving stock markets to record highs, prompting analysts to forecast further gains in what some describe as a “risk reset”. Wall Street’s S&P 500, the
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. President Vladimir Putin has sacked the commander of Russia’s navy after it suffered a series of humiliating losses in the Black Sea, according to Ukrainian officials with knowledge of the shake-up. Putin sacked Admiral
Shortly after a Chinese company opened up nearby, employees at Malaysian contract manufacturer Kemikon walked outside their factory to find sheets of paper stuck to their car windshields. The flyers were from Fengshi Metal Technology, a Suzhou-based rival that operates in similar areas of semiconductor equipment manufacturing. They promised salaries 30 per cent above the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden has accused Israeli Prime Minister Benjamin Netanyahu of “hurting Israel” through his administration’s treatment of Palestinians, but added the US would not set a “red line” limiting his actions against Hamas. The US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hands resting lightly on the lectern, Sir Paul Marshall laid in to the three enemies of the free market, what he called the “mutant siblings” of capitalism: the “cronies” colluding at Davos, monopolies and “woke”
Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However, experts have mixed opinions on the proposals. “I know the cost of housing is so important to you,” Biden said during his State
As the Infrastructure Investment and Jobs Act nears its midpoint, the massive uptick in discretionary grants for transportation infrastructure threatens to undermine the law’s effectiveness because of chronic delays and bureaucratic confusion. That’s what county and state representatives told lawmakers Thursday during a House Transportation & Infrastructure hearing on the rollout of the IIJA’s discretionary
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. [embedded content] Joe Biden called on Congress to “stand up” to Russian President Vladimir Putin as he opened his annual speech to Congress with a plea to support Ukraine and criticism of Donald Trump for
- « Previous Page
- 1
- …
- 37
- 38
- 39
- 40
- 41
- …
- 127
- Next Page »