Three In One Construction, Inc.

Egypt’s richest man Nassef Sawiris considers breaking up his empire

...The construction company is one of the leading businesses contracted to build the mega-projects that have been a hallmark of President Abdel Fattah al-Sisi’s regime....

February 14, 2024

Chinese society

Netflix adaptation of sci-fi novel ‘The Three-Body Problem’ sparks anger in China

...While the depiction of the decade-long Cultural Revolution is largely faithful both to Beijing-born Liu Cixin’s acclaimed 2006 novel The Three-Body Problem and to many historical records, it is a period...

March 29, 2024

FT Live

Innovation in Wealth Management Summit

Augmented intelligence for client-centric services

Inside BusinessSujeet Indap

Delaware, Inc agonises about Musk backlash as its lawyers seek changes

...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...

April 23, 2024

Construction sector

UK construction activity stabilises on back of falling inflation

...Supply conditions improved, albeit at a slower pace than in the previous three months, as companies pointed to the negative impact on deliveries from Red Sea shipping disruption....

March 6, 2024

Drug prices

Copycats take bite out of AbbVie’s best-selling Humira drug

...That was until this month, when CVS Caremark, one of three dominant PBMs, dropped Humira from its lists of preferred drugs for reimbursement....

April 25, 2024

UK infrastructure

Teesworks authority loses access rights case against Brookfield-owned port

...STDC chair and Tees Valley mayor Houchen had at one point hoped to buy the port in order to incorporate it into the Teesside freeport....

February 5, 2024

FT Live

Evolving retirement strategies in an ever-changing world

What new regulatory developments mean for IFAs

InterviewBooks

Helen Garner, the greatest Australian writer you’re yet to read

...I’m not interested in psychopaths. I’m interested in ordinary people who one day flip out.” Even so, the case had a profound effect on her....

March 7, 2024

Electric vehicles

IEA bullish on electric vehicle sales in 2024

...“Based on today’s policy settings alone, almost one in three cars on the roads in China by 2030 is set to be electric, and almost one in five in both the United States and EU....

April 23, 2024

Investing in funds

Index providers are massively dull — and massively profitable

...own construction....

March 19, 2024

News in-depthNikkei Asia

Malaysia revives ‘ambitious’ high-speed rail plan amid hurdles

...To shore up the country’s fiscal position, Malaysia in October passed legislation to limit the country’s debt to 60 per cent of gross domestic product within three to five years....

March 13, 2024

Chinese business & finance

Chinese state-owned bank seeks liquidation of property developer Shimao

...Country Garden, which defaulted in October after it was previously seen as one of China’s safest developers, had a winding-up petition filed against it in Hong Kong in February over a $200mn loan....

April 8, 2024

Keir Starmer

Starmer sparks backlash with praise of Thatcher

...He lauded Thatcher as one of three key change-makers in modern British political history, alongside Tony Blair and Clement Attlee, who realised that “politics must act in service of the British people, rather...

December 3, 2023

Exchange traded funds

ETFs surge to dominant position in US model portfolios

...In March 2023 the iShares ESG Aware MSCI USA ETF (ESGU) haemorrhaged $3.9bn in one day. On the same day the iShares MSCI USA Quality Factor ETF (QUAL) saw a $4.8bn jump in net inflows....

April 15, 2024

Financial services

How’s the PE Winter looking?

...Step Two: Buy firms While only one subset of PE, global buyouts are a big category, and one we’re going to home in on....

April 25, 2024

Paris Olympics

Parisians struggle to cash in on Olympic Games rentals

...He estimates that only about one in four of the listings available will be booked for at least three nights during the Olympics. “The market is becoming more rational....

April 20, 2024

FT Live

Diversity in Finance Awards 2024

Celebrating diversity, inclusion and equality in the financial services sector.

Industrial metals

Norsk Hydro warns of construction demand slump similar to pandemic

...Europe’s largest aluminium producer Norsk Hydro has warned that the construction sector in some of the region’s largest countries is suffering from a demand slump similar to the one during the Covid-19 crisis...

February 20, 2024

InterviewLunch with the FT

Chef Michel Roux Jr: ‘Day one of my life, I was in the kitchen’

...His parents didn’t have anyone to help with childcare at the time, so “day one of my life, I was in the kitchen”....

November 10, 2023

FT Magazine

The delivery rider who took on his faceless boss

...His mother worked in the local government, figuring out how traffic flows were affected by road construction....

March 15, 2024

German economy

German factory production expands at fastest rate for a year

...He predicted a quarter-on-quarter increase in German industrial production of 0.5 to 1 per cent in the first three months of the year....

April 8, 2024

UK property taxation

Treasury urged to reverse end of stamp-duty relief for multiple dwellings

...The relief means buyers can pay less transaction tax when purchasing more than one dwelling in a single deal....

April 14, 2024

Investments

Behold, the Basquiat bond

..., everything will be securitised for roughly three years.”...

April 12, 2024

Japanese business & finance

Japanese brokers highlight ‘Trump trades’ for stocks

...Government officials in three ministries told the Financial Times that they had held meetings in the past few weeks around the “What if Trump?”...

February 21, 2024

Berkshire Hathaway Inc

Buffett’s real estate brokerage to pay $250mn over commission lawsuits

...The settlement will bring to a close the second of three big legal entanglements for Berkshire over the past year, resolving a problem that the company warned could hit its balance sheet....

April 26, 2024

Aviation accidents and safety

Boeing shares fall as investigators locate door that blew out during flight

...Homendy said pilots had reported pressurisation warnings on three flights in the month before the incident....

January 8, 2024

Property sector

US homebuilders defy interest rate rise as Buffett buys in

...“Private builders, many of them small players active in one or two markets, are having trouble getting land, labour and materials and now financing [themselves],” said John Lovallo, an analyst at UBS....

August 17, 2023

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