Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Recent fires on board ships carrying electric cars have prompted a rush to boost the protection of vessels, with a regulatory official warning that growing exports of battery powered vehicles pose a significant safety risk.Heike Deggim, head of safety at the UN’s International Maritime Organization, said member states would draw up new rules next spring for shipping groups that transport vehicles powered by lithium-ion batteries.Industry participants said shipowners were also looking to redesign car carriers, upgrade fire prevention measures and mitigate the…

By Lewis Jackson and Rae Wee SYDNEY (Reuters) – Private credit lenders are increasing their footprint in parts of the Australian commercial property market, providing alternatives for borrowers as banks scale back higher-risk lending amid a slowdown brought on by elevated interest rates. The funds available for deals are growing as investors including pension funds, sovereign wealth and insurance firms look for meaty returns hard to find in today’s equity markets, especially in the beaten-down real estate sector. Australian real estate specialist Qualitas, whose backers include the Abu Dhabi Investment Authority, has nearly doubled funds under management to A$8 billion…

© Reuters Last weekend, customers of several major U.S. banks experienced deposit delays due to a glitch in a banking processing system. The issue, which was linked to the Electronic Payments Network associated with the Automated Clearing House (ACH), impacted banks such as Bank of America, U.S. Bank, Truist, and Chase Bank. The Federal Reserve identified the problem on Friday, with bank customers expressing their frustrations on social media platform X, using hashtags like #Rentner and #Housing. Banks promptly notified customers about these delays while ensuring account security. The Clearing House, which clears $2 trillion in transactions daily, confirmed that…

House Oversight Chair James Comer said the Biden family will be served with “two dozen” subpoenas in the coming days related to the family’s overseas business dealings.”I think you’re gonna see swift action on Biden and I would predict somewhere around two dozen subpoenas in the very near future,” Comer, R-Ky., told Fox News’ Maria Bartiromo on “Sunday Morning Futures.”Comer is leading the House investigation into Hunter Biden’s foreign business entanglements and looking to determine what role President Biden may have played in any dealings. Republicans allege the president has financially benefited from business deals made by his family members…

US soldiers who took part in the fight against ISIS are now struggling with their mental health.The New York Times reported that some troops returned seeing ghosts and feeling “cursed.”The Times pointed to the soldiers’ own intense artillery fire as a possible cause. 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 When the United States intervened in Iraq and Syria to destroy the Islamic State, it relied on local militias to do most of the actual on-the-ground fighting, largely sparing US soldiers from the…

Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium. Mainstream asset manager Newton Investment Management is pitching investors a multi-manager hedge fund with teams trading equities, currencies, commodities, bonds and quant strategies. The talks are still in their early stages and being led by newly appointed deputy chief investment officer for multi-asset, Paul Brain. Multi-manager funds are the fastest-growing part…

© Reuters. FILE PHOTO: The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo (Reuters) -U.S. food company Tyson Foods (NYSE:) has said it was voluntarily recalling approximately 30,000 pounds of frozen, fully cooked dinosaur-shaped chicken “Fun Nuggets” or Dino Chicken Nuggets. A limited number of consumers have reported they found small, pliable metal pieces in the product, and out of an abundance of caution, the company said in a release on Saturday that it was recalling this product. The company said the recall includes Tyson brand fully cooked…

Morsa Images Cannabis sector research firm Zuanic & Associates said it was bullish on Verano (OTCQX:VRNOF), MariMed (OTCQX:MRMD), Planet 13 (OTCQX:PLNH) and Green Thumb Industries (OTCQX:GTBIF), viewing all four stocks as still very viable even if the US government doesn’t legalize marijuana on the federal level in the near-term. The firm said that in the absence of any changes on the federal level, “we would look for stocks that are mispriced vs. peers and have above average EBITDA/shares growth potential.” It added that Verano and MariMed fit that criteria, rating both overweight. Zuanic noted that Verano already has operations in…

The women agreed to meet at a school Ms. Oliver founded three years ago. When the pandemic hit, Ms. Oliver grew frustrated watching wealthy, largely white, parents pay teachers for private learning “pods,” exacerbating inequities. In the fall of 2020, she opened a small “holistic, anti-racist and dual-language” school in a neighborhood that once served as the redlined demarcation for Black and white residents.After a tour of the four-room school, the women sat in an office Ms. Oliver rents from a neighboring church. (Ms. Oliver, when asked about her religion, described herself as secular.) They sat facing each other in…

12-year-old Shanya Gill won a national science competition for her fire detection device.The device works quicker than the average smoke detector by using a thermal camera.Gill said she hopes to use the $25,000 prize to take her device to market. 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 Last year, sixth grader Shanya Gill and her family were shocked to hear a restaurant behind their house had burned to the ground.”That was really moving for my family because it was something that we had…