In spring this year, Elliott Management, the $70bn US hedge fund known for circling distressed assets, alighted on a new target: Britain’s largest water company. After scooping up hundreds of millions of pounds of Thames Water’s debt from panicked asset managers willing to sell at a discount, Paul Singer’s Elliott is now one of several
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s win gave Republicans their highest share of the popular vote in two decades — and revealed big shifts in the US electorate, from the Democratic party’s reliance on wealthier, college-educated voters
Nibbling on crabs, sushi and sugar cookies, some of the richest and the soon-to-be most powerful people in the world waited for the election results on Tuesday night at Mar-a-Lago, Donald Trump’s gilded fortress on the sea. At one of the tables, Trump sat with Elon Musk, the billionaire technology executive, and Dana White, chief
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Robert Lighthizer, who was US trade representative when Donald Trump launched his trade war with China, has been asked to take the job again as the president-elect starts to build his cabinet team.
Election watchers are likely to have their first glimpse of results once some polls close in Indiana and Kentucky, the states where in-person voting booths shut down first. The pair are Republican strongholds, though, and may not reveal much about how the close races will pan out. The first of the important swing states to
Kamala Harris and Donald Trump raced across key battleground states in the final hours of campaigning in a last push for votes, as Americans prepared to head to the polls on Tuesday in one of the closest presidential elections in modern history. The US vice-president said America was ready for a “fresh start” and claimed
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Kamala Harris and Donald Trump will use their final day on the campaign trail stumping for votes in Pennsylvania, the presidential election’s biggest battleground state where polls continue to show the candidates
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Kamala Harris and Donald Trump made their final appeals to undecided voters and sought to rally their supporters in swing states as polls showed the election going down to the wire in
The Federal Reserve is poised to lower its benchmark policy rate by a quarter-point next week, sticking to its course in the face of a distorted jobs report and uncertainty over economic policy beyond Tuesday’s US presidential election. The Federal Open Market Committee will announce its next decision on interest rates two days after polls
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch has been elected the new Conservative leader, with a vow to reset the party’s thinking and politics after its catastrophic election defeat this summer. The former business secretary won 57 per cent of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK Prime Minister Sir Keir Starmer has sought to reassure nervous markets that his government will not become addicted to tax and spend after this week’s Budget, as he promised to carry out tough reforms
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves’ plan to borrow more after rewriting the UK’s fiscal rules poses an “additional challenge” to repairing the public finances, rating agency Moody’s warned on Friday. In an assessment of the Labour
Standard Digital Standard & FT Weekend Print wasnow 38 € per 3 months The new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays’ chief executive CS Venkatakrishnan has defended Rachel Reeves’ tax-raising Budget, arguing the UK chancellor had done an “admirable job” of balancing spending, borrowing and taxation despite a backlash from company bosses about the increased
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