On Monday morning, with volumes thinned by the UK’s bank holiday, Citigroup briefly crashed the European market. Nearly two trading days later, we’re still struggling to figure out how. Citi has placed the blame on one unfortunate in its London office, saying a unidentified trader “made an error when inputting a transaction”. As excuses go,
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The writer is a science commentator It seems like a ingenious solution to an intractable problem. The world may be bungling its promise to limit global temperature rise to less than 2C above pre-industrial levels, but could solar geoengineering ride to the rescue? Methods vary but the basic idea is the same: to reflect sunlight
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This is an audio transcript of the FT News Briefing podcast episode: Federal Reserve poised to raise rates a half-per cent Jess SmithGood morning from the Financial Times. Today is Tuesday, May 3rd. And this is your FT News Briefing. [MUSIC PLAYING]  US central bankers are meeting today amid expectations for a half point interest
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The US Federal Reserve is expected to accelerate its monetary policy tightening this week with its first half-percentage point rise since 2000 and signal more aggressive action to come until there is clear evidence that red-hot inflation is under control. Mounting inflationary pressures stemming from a tight labour market coupled with price increases extending beyond
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The writer is an adjunct lecturer at William & Mary and author of an upcoming book on confidence-driven decision-making “The markets are plotting against me,” an international student told me recently. Between the dramatic rise in US used-car prices, the increase in short-term interest rates and the strength of the dollar, the monthly loan payment
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The head of ProSiebenSat.1 has compared merging Germany’s top broadcasters to the futile quest of Don Quixote, as he championed an independent future for his media company. Rainer Beaujean, chief executive of the Bavaria-based ProSieben, queried the consolidation case sweeping Europe’s broadcast sector, arguing it amounted to either commercially unsound cross-border deals or regulatory impossible
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In March the co-founder and head of consumer engineering at DoorDash, Andy Fang, could be found dropping off an order from a sushi restaurant to a customer’s apartment in San Francisco. The food delivery app had restarted its WeDash programme that requires all of its salaried employees in the US, Canada and Australia to get
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Lee Kuan Yew, Singapore’s first prime minister who built the foundations for the city-state, was different things to different people. Former British foreign secretary George Brown called him the “best bloody Englishman east of Suez”. The Chinese government described Lee upon his death as a “strategist embodying Oriental values”. Singapore’s next leader will find it
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Cash can be tight for those start-up companies that have yet to sell any products. Best, then, that managers of those groups avoid unnecessary expenses. Nikola Corporation, the clean-energy truckmaker, violated this principle last year in dramatic fashion. The Arizona-based company agreed to a $125mn settlement with the US Securities and Exchange Commission over charges
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