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Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England signalled it would cut rates this summer if inflation stays low, even as it kept…
A logo outside the Banco Sabadell SA offices at the Banc Sabadell Tower in Barcelona, Spain, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images Spanish bank BBVA caught markets by surprise on Thursday after it announced a…
Tuition at public universities fell sharply last year amid higher education’s ongoing enrollment crisis—but, in a silver lining, support from states and federal stimulus funds has so far kept institutions afloat. Net tuition and fee revenue—the amount institutions take in…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour’s chair has defended the main opposition party’s decision to admit Conservative Natalie Elphicke, after the MP for Dover defected…
The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Juan Medina | Reuters Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though Sabadell’s board…
Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. Driving the debates are questions about…
A group of workers laid off from Anglo American sat drinking in the early morning sun outside a makeshift township bar in Ga-Puka, deep in South Africa’s platinum mining belt. “The sad truth is that it’s us ordinary South Africans…
U.S. President Joe Biden delivers remarks as part of his Investing in America agenda, during a visit to Gateway Technical College in Sturtevant, Wisconsin, U.S., May 8, 2024. Kevin Lamarque | Reuters President Joe Biden said Wednesday that he would…
A former top executive for major Las Vegas casinos was given a year of probation Wednesday after admitting he allowed an illegal bookmaker to gamble millions of dollars at the MGM Grand and pay off debts in cash. Scott Sibella…