Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US chip company Intel will make high-end semiconductors for Microsoft, the companies announced, as it seeks to compete with TSMC and Samsung to supply the next generation of silicon used in artificial intelligence for customers
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New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023. Andri Tambunan | AFP | Getty Images Mortgage interest rates surged last week to the highest level since early December, and that hit mortgage demand hard. Total application volume plunged 10.6% compared
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opposition leader Sir Keir Starmer was set to dodge a large-scale rebellion of Labour MPs on Gaza on Wednesday after a controversial decision by the House of Commons Speaker sparked outcry in Westminster. The move
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nikki Haley slammed Donald Trump on Tuesday and rejected calls to suspend her presidential campaign, saying she felt “no need to kiss the ring” and endorse his bid for the White House. “I refuse to
Saudi Arabia is mandating that leading Chinese technology companies invest in the Gulf kingdom in return for huge deals, as it leverages its petrodollar wealth to boost its domestic tech industry. Alibaba and SenseTime are among the top Chinese groups to have secured deals worth hundreds of millions of dollars with Saudi Arabia over the
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. The International Court of Justice has begun hearings into the legality of Israel’s 56-year occupation of the Palestinian territories, including whether the expansion of Jewish settlements violates the Geneva Conventions. The proceedings
The FBI is “laser focused” on Chinese efforts to insert malicious software code into computer networks in ways that could disrupt critical US infrastructure, according to the agency’s director Christopher Wray. Wray said he was acutely concerned about “pre-positioning” of malware. He said the US recently disrupted a Chinese hacking network known as Volt Typhoon
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. US President Joe Biden has blamed Russia’s first major battlefield victory in Ukraine in nearly a year on the failure of the US Congress to pass a bill funding Kyiv’s army. Biden told his
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage
As the infrastructure law nears the halfway point of its life, the rollout of its expanded Buy America provision, a key part of President Joe Biden’s bid to strengthen American manufacturing, has been confusing and failed to address gaps in the domestic supply chain. That was the message from state transportation departments and construction experts
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A New York judge has ordered Donald Trump and several business associates to pay a total of $364mn in penalties for persistent fraud committed by the real estate empire that brought the former US president
Austin, Texas, officials are heading to court to seek validation for a controversial issuance of bonds to help fund a multi-billion-dollar light-rail project. The Austin City Council on Thursday authorized the move, as well as amendments to an agreement with the Austin Transit Partnership (ATP), a corporation created by the city and its Capital Metro
Former US President Donald Trump departs after speaking to the press after attending the civil fraud trial against the Trump Organization in New York State Supreme Court, in New York City on January 11, 2024. John Lamparski | AFP | Getty Images A judge could deliver a hammer blow to Donald Trump and his company
The Kentucky Office of the State Budget Director reported January’s general fund receipts increased to $1.3 billion, up 4.4% from the same time last year. Last month’s sales tax receipts hit a record high at $586.2 million. Large increases also occurred due to a new section of the individual income tax, the pass-through entity tax,
Holzdorf military base was once the pride of Communist East Germany, a strategic linchpin for the Warsaw Pact countries who opposed Nato. Now it is being remade as one of the west’s biggest bulwarks against Russia. The base’s runway is being expanded, so any plane in the Nato arsenal can land there. Soon it will
In this article DVA HAS KHC ABNB MGM HOOD Follow your favorite stocksCREATE FREE ACCOUNT The Uber Technologies, Inc. logo is seen on a building on December 21, 2023 in New York City. Eduardo Munoz Alvarez | VIEW press | Getty Images Check out the companies making headlines in midday trading. Uber — Uber’s shares
Rooftops of homes in a gated residential community are seen in Pico Rivera, California on January 18, 2024. Frederic J. Brown | AFP | Getty Images After a brief reprieve in December and January, mortgage rates are moving higher again, and that is taking its toll on mortgage demand. Total mortgage application volume fell 2.3%
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation stayed steady at 4 per cent in January, undershooting expectations and bolstering hopes that the Bank of England will soon feel it has enough evidence of price pressures easing to cut interest rates.
Massachusetts Governor Maura T. Healey’s $56.1 billion budget proposal for fiscal 2025 calls for increased funding to the state’s Commonwealth Transportation Fund that will enable it to borrow an additional $1.1 billion over the next five years. The fiscal 2025 budget proposal, which represents a 2.9% increase over the current year’s spending, would dedicate $250
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Joe Biden sharply rebuked Donald Trump for saying he would encourage Russia to attack Nato allies that did not spend enough on defence, as the US president pleaded for Republicans in Congress to pass
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