G7 officials have backed European efforts to tap billions of euros of profits generated from frozen Russian assets, a day after US Treasury secretary Janet Yellen swung behind the idea. Finance ministers and central bank governors meeting in Marrakech said on Thursday evening they had agreed to explore how “extraordinary revenues” from frozen Russian central
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Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters The housing market is dealing with a number of “tricky” dynamics, according to Tracy Kasper, the president of the National Association of Realtors. “What we’ve experienced over the last probably 12 to 18 months is what I really like to
It’s a dilemma many homeowners and interior designers have faced. Whether to paint a room, install wallpaper, or both. One of the challenges of choosing both is trying to find the right wallpaper to coordinate with a specific color or vice versa. Fortunately, Farrow & Ball has found a way to solve this conundrum in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former Barclays trader found guilty of manipulating a key interest rate benchmark has been given another chance to appeal against his conviction following a review by the body that investigates potential miscarriages of justice.
Fox Business producer Eleanor Terrett says that, as she gains more recognition in the crypto community, she is becoming a prime target for social media impersonators. “So, I find myself having to tweet more often, saying, ‘Just a reminder, guys, I don’t have a private profile; I will never reach out to you,’” Terrett tells
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK competition watchdog is investigating British television groups such as the BBC, ITV and Hat Trick Productions over a suspected infringement over the use of freelance workers to make and broadcast their shows. The
According to the IMF’s October update of its World Economic Outlook, China’s economy will grow 5% in 2023, a decrease from an earlier forecast of 5.2%. Future Publishing | Future Publishing | Getty Images China’s old economic model of relying on investments in real estate has “run its course” and the government needs to consider
The Adani Group, the politically connected conglomerate that dominates large parts of India’s economy, appears to have imported billions of dollars of coal at prices well above market value, according to customs records reviewed by the Financial Times. The data supports longstanding allegations that Adani, the country’s largest private coal importer, has been inflating fuel
This is an audio transcript of the FT News Briefing podcast episode: ‘Hamas is not Israel’s only concern’ Marc FilippinoGood morning from the Financial Times. Today is Thursday, October 12th. And this is your FT News Briefing. [MUSIC PLAYING] US bank earnings look like they’ve taken a turn for the worse. And the jury in
Stargazing at the movies has this in common with celestial stargazing: you’re looking at activity that happened long before you looked. What seems a living present is a trick of time and perception. Sometimes the paradoxes of the cinema cosmos can be even more headspinning. Past, present and future perform a mega-dance of change, contradiction
Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on Oct. 11 at about 3:30 pm UTC, according to Launchnodes. In an Oct. 11 post on X, Lido said Launchnodes’ validators nodes are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden ramped up diplomatic efforts to prevent Israel’s anticipated ground assault on Gaza from spiralling into a regional conflagration, telling the country’s prime minister he must follow the rules of war and warning other
A box of Ozempic, a semaglutide injection drug used for treating Type 2 diabetes made by Novo Nordisk. George Frey | Reuters Check out the companies making big moves midday. Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic’s kidney disease treatment trial after a committee said
Chicago Mayor Brandon Johnson Wednesday unveiled a $16.6 billion all-funds spending package he dubbed the “people’s budget” that “begins the critical investments necessary” to usher in his progressive vision of solving the city’s significant fiscal and social challenges. The budget proposal features little in the way of new taxes or fees despite Johnson’s campaign pledge
Municipals rallied Wednesday amid a busy primary market day as U.S. Treasury yields fell out long and equities closed the session up after the Federal Open Market Committee released its minutes with few surprises. Triple-A yields were bumped seven to 12 basis points, depending on the scale, while U.S. Treasury yields fell up to 12
Hello and welcome to Working It. The only good news is that Claudia Goldin has won the Nobel Prize for economics. The Harvard professor has devoted her career to examining women’s outcomes in the labour market. As the FT puts it: “One of her most counterintuitive findings was that women’s participation in paid employment did
In this article NOVO.B-DK PXD XOM Follow your favorite stocksCREATE FREE ACCOUNT The Mobil logo and gas prices are displayed at a Mobil gas station on October 28, 2022 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines in premarket trading. Plug Power — The battery stock added nearly
The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. Jonathan Ernst | Reuters Securities traders are gathering in Washington. The big topic: trying to figure out what the Securities and Exchange Commission is doing. You know it’s bad when one of the session topics is
Your browser does not support playing this file but you can still download the MP3 file to play locally. Gideon talks to the historian and writer Lawrence Freedman about what led to the catastrophic events of the past week in Israel and what options the Netanyahu government has to respond to Hamas’s deadly attack. Clips:
Cryptocurrency exchange Bitstamp hopes to return to Canada after halting operations early next year, according to Bitstamp U.S. CEO and global chief commercial officer Bobby Zagotta. Bitstamp will officially discontinue its services to customers in Canada starting from Jan. 8, 2024, the exchange confirmed in a statement to Cointelegraph. As a result of the service