Month: June 2022

In an effort to be transparent and prevent conflicts of interest, the Ethics in Government Act requires many elected officials to file an annual financial disclosure statement that reveals their assets, investments, and businesses interests. Senators are one of the groups of people who must make this disclosure. Their statements are made available to the public and

When Joe Biden ran for the US presidency, he accused Saudi Arabia of “murdering children” in Yemen, where its forces led a military intervention against Iranian-backed Houthi fighters. But in a striking about-turn, just weeks ahead of a trip to the kingdom, Biden praised Riyadh’s “courageous leadership” in the conflict. The president’s July visit comes

Good morning and welcome to Europe Express. G7 leaders are gathered in Schloss Elmau since yesterday, discussing, among other issues, the idea of an oil price cap on Russian imports, as the FT reports. Our colleagues on the ground (or rather, in the crisp mountain air of the Bavarian Alps) will bring you up to

The popular sentiment of financial analysts and many economists is that recessions are the inevitable result of the business cycle in a capitalist economy. The empirical evidence, at least on the surface, appears to strongly back up this theory. Recessions seem to occur every decade or so in modern economies and, more specifically, they seem

The head of RWE has warned that Germany’s biggest utility will reconsider £15bn of investment it plans to make in the UK’s renewable energy sector if the country imposes a windfall tax on electricity generators. RWE is one of the UK’s largest power producers, supplying about 15 per cent of the country’s electricity through assets

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: AQA Component 1, Section 3.1.1.1: The nature and sources of the British Constitution: debates about the extent of rights in the UK Edexcel Component 1, 1.4: Rights in context: debates on the extent, limits

Carl Icahn is one of Wall Street’s most successful figures. In the 1980s, this corporate raider—using Drexel Burnham’s junk bonds—became known as a vulture capitalist, taking positions in public companies and initially demanding extreme changes in their corporate leadership and management styles. Often, targets paid him “greenmail” money, with the stipulation that he would step

In this article IMO-CA SU-CA ADBE AVGO KLAC A sign on the campus offices of chipmaker Broadcom Ltd is shown in Irvine, California. Mike Blake | Reuters As the first half of 2022 winds down, investors can be certain of at least one thing: This year will likely continue to be difficult. Economic risk is

Midas, a 46-year-old construction company based in south-west England, collapsed in January blaming soaring material and labour costs, and a decision by clients to scrap key contracts. The buckling of the privately owned building firm, which directly employed 300 staff and had turnover of £290mn last year, rippled through the seaside town of Torquay, delaying