Author: Admins
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Austrian parties start coalition talks after far right win
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fraught negotiations between Austria’s political parties to form a new government began on Monday after a historic victory by the far right shattered the country’s political consensus. With a hardline anti-immigration and pro-Russian platform, the…
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Chinese stocks surge 8.5% in best day since 2008
Investors bet that rally which began with Beijing’s stimulus package has further to run Source link
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TD sees one stock as biggest industrial beneficiary of nuclear revival
Flowserve Corporation is one of the best ways to gain exposure to renewed demand for nuclear power, with the pump and valve maker well positioned to serve the growing need to maintain and retrofit existing plants, according to TD Cowen. Flowserve supplies fluid motion controls and instrumentation to nuclear plants, with that side of the…
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Middle East’s power scales tip as Israel senses Iran’s weakness
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is former chief of MI6 and UK ambassador to the UN In the past two weeks, Israel has used its huge military advantage, underpinned by AI-enhanced intelligence, to overwhelm Hizbollah. The organisation has lost…
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Frasers Group makes £83mn offer for Mulberry
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mike Ashley’s Frasers Group has made a conditional offer for Mulberry, valuing the UK luxury brand at £83mn, after a “wholly unsatisfactory” response to an initial approach at the weekend. Frasers, which owns about 37…
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Marine Le Pen on trial over EU expenses scandal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French far-right leader Marine Le Pen went on trial on Monday for allegedly embezzling EU funds, in a politically charged case that could lead to fines and a ban from elected office. Prosecutors accuse the…
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Rupert Murdoch’s REA abandons pursuit of Rightmove
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. REA, the Australian property platform controlled by Rupert Murdoch’s News Corp, has abandoned its pursuit of the UK’s biggest listing website Rightmove, after its latest £6.2bn bid was rebuffed. Rightmove’s shares were down by about…
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German inflation drops below 2% for first time since early 2021
Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. Inflation in Germany has fallen below the European Central Bank’s crucial 2 per cent target for the first time in more than three and a half years, increasing the chances of another rate cut at…
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Jenrick warns UK must ‘get migration done’ before solving wider issues
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Conservative leadership frontrunner Robert Jenrick has declared the UK must “get migration done”, warning the country cannot move on to discuss other pressing issues such as the economy, health or education until this “running sore”…
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CME expands lithium futures battle with LME as battery demand soars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CME Group has launched contracts that track the price of the raw material for lithium batteries, stepping up its rivalry with the London Metal Exchange for dominance of the global market for battery metals. The…