In recent years, the Art Basel fairs have been edging towards more openness to young galleries. Not only have they relaxed some of the more stringent criteria for scoring a coveted place in their grand fairs, they are even offering various kinds of subsidy and financial help towards the high costs (and considerable risks) facing
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The UK prime minister’s U-turn on corporate tax is likely to leave a black hole of several tens of billions of pounds in the public finances, economists warn. Liz Truss said on Friday that she will revert to an increase in the corporate levy to 25 per cent, as announced by Rishi Sunak and the
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Maryland Heights, Missouri, forwarded the funds needed to cover a delinquent debt service payment for revenue bonds issued for its community ice arena, but not before triggering a two-notch downgrade that sent its certificates of participation to junk. The Centene Community Ice Center, which serves as the practice facility for the National Hockey League’s
Bankruptcy Judge Laura Taylor Swain approved the Plan of Adjustment for the Puerto Rico Highway and Transportation Authority, reducing its debts by 80% and saving it more than $3 billion in debt service payments. Swain approved the HTA debt plan on Tuesday in the U.S. District Court for the District of Puerto Rico. Swain overruled any prior
Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend. Trading at over $7, HT’s price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021. HT’s intraday gains coincide primarily with
Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force
Despite the deepening economic and political uncertainty, London’s Frieze art fairs opened to much enthusiasm this week. Visitors to the temporary tents in Regent’s Park included the American actor Jared Leto, tennis legend Maria Sharapova and Rishi Sunak, the MP who lost out to Liz Truss in the latest competition to become the UK’s prime
Kwasi Kwarteng has quashed calls to impose a new “tax” on Britain’s banks that might have raised billions of pounds, following strong opposition from the sector and warnings that the costs would be passed on to consumers. The UK chancellor was urged by influential economists to raid what one banker called the “ultimate cash behind
GlaxoSmithKline said its potential new blockbuster shot for respiratory syncytial virus appears to be more effective than rival Pfizer’s vaccine candidate, as the pair compete for a new market protecting older adults against the common lung infection. In data released on Thursday, GSK said its vaccine showed overall efficacy of 82.6 per cent in a
In this article DCT DWAC Follow your favorite stocksCREATE FREE ACCOUNT The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in after-hours trading. Digital World — The company aiming to take public Truth Social, Donald Trump’s media
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Municipals were firmer in secondary trading Wednesday as the largest deal of the week, a $700 million offering from the New Jersey Turnpike Authority, took focus in the primary. U.S. Treasuries made gains and equities ended mixed after the Federal Open Market Committee minutes signaled continued tightening. “The Fed Minutes showed tightening will continue even
Moody’s Investors Service raised its outlook on Ohio’s Aa1 rating to positive, citing the state’s strides in branching out into new economic arenas that could bolster lagging growth and weak demographic trends. Tuesday’s action came one month after Fitch Ratings lifted the state’s rating to AAA and on the same day Gov. Mike DeWine announced
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, one of the most hated corners of the market for years, is getting some newfound love from money managers as the Federal
Shortly after Russian missiles rained down on Kyiv and other Ukrainian cities on Monday, Oleksandr Kamyshin, head of the state-owned Ukrainian Railways, posted a solemn tweet. “As of 21.00 we have 42 trains delaying [sic],” he observed after a missile landed next to Kyiv’s main station. Kamyshin went on to explain that 14 trains were
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the
The title, Rebel Rebel, is David Bowie’s. The soundtrack mixes 1970s pop, film scores and folk ballads. The vibe is dizzying funhouse — a mirrored disco-ball setting opens with a tessellated glass monolith inspired by Stanley Kubrick’s 2001: A Space Odyssey, casting strange lights and shadows as you move around it. But the paintings with which Soheila Sokhanvari
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Good morning. Kwasi Kwarteng is aiming to cut the foreign aid budget as part of his efforts to demonstrate that he can make his “mini” Budget balance. The political difficulties
Good morning and welcome to Europe Express. One development that may have gone unnoticed earlier this week in the maelstrom created by Russia’s renewed rocket offensive in Ukraine is the realisation, at the top EU level, that the bloc is quickly burning through cash — in part because of the fallout of the war and