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...Companies with a mountain of debt that comes due in the next three years are turning to the burgeoning $1.5tn private credit industry to avoid defaults and messy bankruptcies, taking out high-cost loans...
...It has sought to encourage AI companies and researchers to the country with policies that speed up immigration, and research and development credits....
...“Our conversation with the credit rating agencies is: ‘What more do you need?’ and they say: ‘We need time to see the consistency of [economic performance],” he said....
...Mentioned in this podcast: America’s most powerful union leaders have a message for capital Union workers score big pay gains as labour action sweeps US Sign up for the FT’s Swamp Notes newsletter here...
...conditions for euro area high-yield issuers has set in motion a positive feedback loop of declining borrowing costs, improving solvency and declining risk premia,” said Christian Kopf, head of fixed income at Union...
...Brussels types tell you (accurately) that the union has gone way beyond being a trade bloc, but it certainly doesn’t mean that market access and farm support are an optional extra....
...Millennial and Gen-X graduates are not the only ones staring down a mountain of student debt in the US. Colleges and universities are also feeling the squeeze....
...Some good news Scientists from the University of Texas have managed to photograph the yellow-crested helmetshrike while trekking 75 miles through the Itombwe Massif mountain range in eastern Democratic...
...Europe is well-led (compare its main figures with America’s)....
...Rana Foroohar sat down with four of America’s top union leaders to talk about what’s happened and where they go from here. We’re also reading . . ....
...European sovereign CDS have posted a small increase y/y, but less than that of sovereign CDS in the Americas. This also makes sense to us given the lack of concern about European Union integrity....
...A deeper political union was needed “to simplify the solution”....
...Negotiators from the UK, the EU and from densely-forested countries in Africa and South America had meanwhile been pushing for more stringent standards....
...But Kristen Larson, a lawyer who advises credit unions, banks and fintechs on the regulatory environment, suggests that fees will simply rise somewhere else, redistributing between different types of customer...
...Yet hoping that the cost of credit will plunge back to the lows experienced after the financial crisis is foolish....
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...The tax credits are both complex and yet shrinking, while tariffs need fine calibration....
...Last week, Chicago-based Grant Thornton agreed to sell a majority stake to New Mountain Capital in the sector’s largest deal. Baker Tilly secured a $1bn investment led by H&F in February....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...For more on the US presidential election, listen to this week’s Swamp Notes podcast, where the FT’s Rana Foroohar and Taylor Nicole Rogers discuss why unions may decide the race....
...While Biden did say in his State of the Union address that he’s going after $20bn of “junk fees”, including late credit card late charges, it did not stop US senator Katie Britt from calling out “the highest...
...The proposal issued by the Consumer Financial Protection Bureau on Tuesday would subject non-bank companies that offer digital payments to a regulatory scheme similar to that for banks or credit unions....
...“America is in decline, nothing he says tomorrow night is going to change that,” Mike Johnson, the House Speaker and a close Trump ally, said on Wednesday....
...Scaling mountains requires determination, skill and luck. UBS began its ascent in March, aiming to integrate its acquisition of local rival Credit Suisse. Investors had doubts whether it would succeed....
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