Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of the FT Globetrotter's guide to London”The thing is,” admits our gorgeous, six-foot-tall hostess Rainbow, sporting a huge red wig along the roof of the carriage, “we're doing a cabaret on a train. You have to lean in or it's going to be a long night.” It's not clear whether the instructions are intended physically – the burlesque dancer will soon be performing splits in the aisle – or mentally, as I do both immediately. I'm a cabaret…
Author: ricardofrancois
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Hong Kong has been subjected to a rapid decline in the volumes of goods transported by sea, as it is losing out to its competitors in mainland China and Southeast Asia.Container production in Hong Kong fell by 14 percent last year to 14.3 million twenty-foot equivalent units, according to figures from maritime consultancy Drury.This was the largest percentage decline among the world's largest ports last year. Drury figures show Hong Kong is now the world's tenth largest port by volume, closely followed…
Easter Sunday shooting erupted into a deadly midday shooting in a gated riverside community, according to police. A man was killed and a woman was injured.A Riverside Police Department spokesperson said police arrested a man at the scene in connection with the double shooting. Officers were called just after noon to the 7600 block of Canberra Road after a shooting was reported at a residence, Riverside Police Officer Ryan Railsback said. When they arrived, they found a mortally wounded man and a woman who had also been shot but survived. She was taken to the hospital, where she remained in…
Passengers walk at Shibuya Crossing, Tokyo© Marco Bottigelli | moment | Getty ImagesAsia-Pacific markets rose on Monday as investors assessed business activity in China for February and awaited economic data from Japan.China's National Bureau of Statistics data showed that manufacturing activity expanded in March, with the PMI recording a reading of 50.8, compared to February's reading of 49.1.Economists polled by Reuters expected a reading of 49.9, which still represents a contraction in the sector.Separately, Japan's first-quarter Tankan survey showed that business optimism among major manufacturers declined, with the measure reaching +11 compared to +12 in the last survey.However, optimism rose…
Stay informed with free updatesSimply sign up for the World myFT Digest – delivered straight to your inbox.Good morning. Online fast fashion giant Shein has doubled its profits as it awaits regulatory approval from Beijing to go ahead with its blockbuster listing in New York or London.Shein posted record profits of more than $2 billion for 2023 and posted nearly $45 billion in gross merchandise value, the total value of goods sold on its website, said four people close to the company, which was founded in China but has moved its headquarters to Singapore. .The group's profits last year exceeded…
The Fed may have new stimulus in the second quarter to cut interest rates deeper this year.Tony Dwyer of Canaccord Genuity believes that a deteriorating jobs market and easing inflation will eventually prompt the Fed to act.“I'm not saying they have to go back to zero, but they have to be more aggressive,” the company's chief market strategist told CNBC's Fast Money on Thursday. “One of the most aggressive topics I talk about with clients is how bad the incoming data is.”Dwyer contends that low employment survey participation rates skew the data in the Bureau of Labor Statistics' jobs report.…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Companies are rushing to meet their financing needs before the US elections this year, in an attempt to anticipate potential market volatility in the final stages of the presidential race.Corporate borrowers have issued $606 billion in dollar bonds so far this year, according to data from LSEG, up 20% from the same period in 2023, the highest total since at least 1990.Bankers and investors said companies were motivated to borrow at the lowest spreads in years — a reference to the difference…
Stay informed with free updatesSimply sign up for the Utilities myFT Digest – delivered straight to your inbox.Thames Water's owners will begin urgent restructuring talks in the coming days, with parent company Kemble risking entering bankruptcy within weeks unless lenders approve a debt-for-equity deal, according to people familiar with the matter.Restructuring experts Alvarez & Marsal will discuss all options with creditors, including bank lenders and bondholders, as the government tries to avoid a temporary renationalization of the UK's largest water utility.The future of beleaguered Thames Water has become a sharp political headache for Prime Minister Rishi Sunak, who risks a…
Los Angeles County sheriff's deputies shot and killed a man late Saturday in East Los Angeles after he allegedly drove a truck into an officer after fleeing the crime scene, authorities said.Deputies responded to a domestic assault call shortly before midnight in the 1500 block of North Herbert Street, according to the Sheriff's Department. The ministry reported that deputies saw the alleged attacker leaving the area in a green truck. Officials said they found the man driving west on the 3900 block of Snow Drive and attempted to stop the truck. The deputies got out of their car and pulled…
TechCrunch Mobility is a weekly magazine A newsletter dedicated to everything related to transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights about the future of transportation. Remember in the last edition of TechCrunch Mobility, when I wrote that the wheels were starting to come off the Fisker bus? Shish. Did they? To catch you up: Fisker issued a warning on March 18 that it had paused production for six weeks and had only…