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Pyongyang has supplied Moscow’s army with long-range rocket and artillery systems, some of which have been moved to Russia’s Kursk region for an assault involving North Korean soldiers to push out Ukrainian forces, a Ukrainian intelligence assessment has found. In recent weeks, North Korea provided some 50 domestically produced 170mm M1989 “Koksan” self-propelled howitzers and
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Elon Musk’s private companies are set to secure multibillion-dollar jumps in valuation through new deals, as investors race to back the sprawling business interests of the world’s richest man. SpaceX, the largest private
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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 Legal migration to some of the world’s richest countries reached an all-time high in 2023, sparking a voter backlash against governments despite the trend boosting growth and job creation. Roughly 6.5mn people moved
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Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. Wall Street bonuses are on course to rise by as much as 35 per cent this year, as bankers eye even greater potential payouts under a second Trump presidency. Activity levels for corporate deals, stock
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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 The ‘it’s inflation, stupid’ thesis is strong. As MainFT highlighted in a big piece days before the vote and again on election day. inflation was clearly having a major effect on Kamala Harris’s
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Lingering consumer anger over high prices is hurting governments in advanced economies even though inflation is subsiding to normal levels, as a once-in-a-generation surge in costs leaves a toxic legacy for incumbent politicians. Discontent over the economy was a key motivator for Republican voters in this week’s US election, exit polling suggested — contributing to
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Elon Musk’s role in delivering the US presidency for Donald Trump has given the world’s richest man a unique opportunity to reshape the federal government by placing his acolytes and allies inside the incoming administration. The billionaire’s influence continues after the election, with him joining Trump during a call with Volodymyr Zelenskyy, president of Ukraine,
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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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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
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