Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US, UK and Australia have agreed to boost their ability to monitor “emerging threats” in space, in one of several new initiatives linked to the trilateral security pact they signed in 2021 as part of their efforts to counter China.The allies will build three ground-based radars — one in each country — to enhance “space domain awareness” and increase their ability to detect, track and identify objects in deep space. The first radar, to be built in Western Australia, will be…

© Reuters. The back of the the “Fearless Girl” statue is pictured as morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. RE By David Randall NEW YORK(Reuters) – As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called Santa Claus rally. The key catalyst for stocks will likely continue to…

© Reuters. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019. REUTERS/Phil Noble/File Photo (Reuters) – Ride-hailing service Uber Technologies (NYSE:) will join the effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air (NYSE:) Corp, Alaska Air (NYSE:) Group Inc and SolarEdge Technologies (NASDAQ:) Inc in the benchmark S&P 500, joining the S&P MidCap 400 index as of Monday. (This…

© Reuters. FILE PHOTO: Russian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Timothy Gardner WASHINGTON (Reuters) – The U.S., EU and UK are pressuring Liberia, the Marshall Islands and Panama to increase oversight of ships carrying their flags to ensure they do not transport Russian oil sold above the price cap, a source who has seen the communications to the countries said on Friday. The move marks another escalation in the West’s efforts to enforce the $60 price cap on seaborne shipments of…

TomasSereda/iStock via Getty Images Sibanye Stillwater (NYSE:SBSW) said Friday it plans to lay off 575 employees at the Kloof 4 shaft in South Africa following a review of its gold operations in the country. Sibanye (SBSW) said after consultations held with affected stakeholders, 1,057 workers accepted transfers to fill vacant positions at its South Africa gold operations primarily resulting from natural attrition over a five-month period from the start of the S189 process, but “regrettably, 575 employees could not be accommodated.” “While the decision to close or restructure operations is never taken lightly, the closure of Kloof 4 shaft was…

Gov. Ron DeSantis of Florida on Friday swept through South Carolina, his rival Nikki Haley’s backyard, seeking to blunt the rise of the state’s former governor in the Republican primary while capitalizing on his slugfest with the Democratic governor of California.The fight to claim the mantle of the most viable Republican alternative to former President Donald J. Trump intensified this week. Ms. Haley, a former ambassador to the United Nations, won the endorsement of the political network founded by the billionaire industrialist brothers Charles and David Koch and secured the backing of key donors like Jamie Dimon, the chief executive…

An inmate was charged Friday with stabbing ex-Minneapolis police Officer Derek Chauvin. Chauvin was convicted of murdering George Floyd and was serving his sentence in a federal prison in Arizona. The inmate, who nearing the end of a 30-year sentence, was accused of planning the attack. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An incarcerated former gang member and one-time FBI informant was charged Friday with attempted murder in the stabbing of ex-Minneapolis police Officer Derek Chauvin at a federal prison in Arizona.John…

Stay informed with free updatesSimply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox.Companies are still holding decent amounts of cash on their balance sheets, despite a broader tightening in financial conditions. Morgan Stanley’s accounting team takes a closer look at that cash in a note today. For companies in the large-cap Russell 1000, cash makes up a smaller share of enterprise value than it did before 2020:The sources and uses of this cash provide some more insight into the ways companies are spending (and not spending). Income is in line with 3Q22,…

2/2 © Reuters. FILE PHOTO: A Falcon 9 rocket lifts off on NASA’s SpaceX Crew-7 mission, taking four crew members to the International Space Station (ISS), from the Kennedy Space Center in Cape Canaveral, Florida, U.S., August 26, 2023. REUTERS/Joe Skipper/File Photo 2/2 By Harshita Mary Varghese and Joey Roulette (Reuters) -Amazon on Friday said it booked three Falcon 9 launches with Elon Musk’s SpaceX to help deploy the ecommerce giant’s Project Kuiper satellite network, tapping a rival in the satellite internet business for its multi-billion dollar launch campaign. Amazon (NASDAQ:) aims to build Kuiper as a constellation of 3,236…

© Reuters. Southwest airline pilots approach to land at San Diego International airport in San Diego, California, U.S., May 18, 2023. REUTERS/Mike Blake/File Photo (Reuters) -Southwest Airlines and its pilots’ union were nearing a new labor deal ahead of the holiday season, a person familiar with the negotiations said on Friday. Shares of the carrier were up 3.4% in afternoon trade. The agreement could take a couple of weeks to sort out some of the outstanding issues, the person said without providing any details on the terms of the deal. Southwest in an emailed statement to Reuters said, “Both negotiating…