Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks in Washington, D.C., on Oct. 16, 2019. Andrew Harrer | Bloomberg | Getty Images Governments should consider raising taxes on society’s wealthiest to tackle inequality, according to the head of the International Monetary Fund (IMF). In a blog post on Tuesday, Kristalina Georgieva, managing
European stocks are set to open higher Thursday as investor sentiment improved on the back of easing U.S.-Iran tensions. Britain’s FTSE 100 is seen climbing 24 points to 7,590, Germany’s DAX rising 87 points to 13,401 and France’s CAC increasing 31 points to 6,055, according to IG index data. It comes after comments from President
A case of Constellation Brands Inc. Corona beer sits on a shelf in a cooler during a delivery in Ottawa, Illinois, U.S., on Tuesday, April 2, 2019. Daniel Acker| Bloomberg | Getty Images Constellation Brands raised its full-year adjusted earnings forecast and beat Wall Street estimates for quarterly profit on Wednesday, driven by strong demand
Search and rescue works are conducted at site after a Boeing 737 plane belonging to a Ukrainian airline crashed near Imam Khomeini Airport in Iran just after takeoff with 180 passengers on board in Tehran, Iran on January 08, 2020. Fatemeh Bahrami | Anadolu Agency | Getty Images A Ukrainian International Airlines plane that crashed
Singapore Airlines relaunched the longest flight in the world, connecting Newark Liberty International Airport with its home base at Changi Airport in Singapore. Singapore had operated the route — which covers about 10,000 miles and can last up to 19 hours — until 2013. MORE AVIATION CONTENT: How Emirates Makes 225,000 In-Flight Meals A Day
► Read more at https://on.ft.com/2DYXoxX Scotland is a testbed for tidal and floating wind farm technologies and hopes to gain an edge in the renewables sector as dependence on oil diminishes. The FT’s Mure Dickie reports ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content
Rocket Scientist Natalya Bailey owns a space startup called Accion Systems that specializes in making wafer thin engines that require a tiny fraction of energy that conventional rockets use. If successful, these ion thrusters could revolutionize how we will move through the final frontier. Video by Matt Goldman and Christian Capestany
Fstop123 | E+ | Getty Images There are more ways than ever to buy things you shouldn’t. Described as the “new layaway,” companies like Affirm, Quadpay and Afterpay allow consumers to spread out their payments on a purchase over weeks or months. The offers are hard to refuse. That $140 plaid tunic from Anthropology could
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. Eduardo Munoz | Reuters Stocks are poised to finish the first five trading days of 2020 higher, setting up for potentially strong performance in the full year, based on an old Wall Street indicator. If stocks
Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income
It’s not particularly difficult to argue that Quibi, the streaming video service invented by longtime entertainment executive Jeffrey Katzenberg and former HP Enterprise and eBay CEO Meg Whitman, is a flawed idea. When entrepreneurs build companies, it’s standard procedure to identify a problem that needs to be solved first. The more pressing the problem, the
Pedestrians walk past a Walgreens store in New York. Michael Nagle | Bloomberg | Getty Images Walgreens Boots Alliance missed Wall Street earnings expectations Wednesday, sending shares south by more than 3% in premarket trading. Here’s what Walgreens reported for its fiscal first quarter ended Nov. 30 compared with what Wall Street was expecting, based
Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex react after their visit to Canada House in thanks for the warm Canadian hospitality and support they received during their recent stay in Canada, on January 7, 2020 in London, England. Daniel Leal-Olivas | WPA Pool | Getty Images Prince Harry and Meghan Markle, the
Jamie Grill | Getty Images When do you plan to retire? Many individuals have an age at which they want to call it quits. And then there’s the age when you really stop working. If you’re lucky, those ages are one and the same. But research shows that they’re likely not. Transamerica Center for Retirement
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images One of the biggest market bears on Wall
The next time you take to the skies, pay close attention. Airlines are constantly evolving to attract new customers and keep loyal travelers coming back. Here are some of the most interesting innovations coming to airports in the new year. Lounges: Jet lag zones and barbecue decks Airlines are upping the wow factor before travelers
Boeing Chief Executive Dennis Muilenburg testifies before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX after two deadly 737 MAX crashes killed 346 people, on Capitol Hill in Washington, October 29, 2019. Sarah Silbiger | Reuters It’s official — 2019 was the year of CEO exits. Thanks
A Boeing 737 passenger plane with 180 aboard crashed in Iran after take-off, according to Iranian news agencies. Iran’s Fars News Agency reported that the Ukrainian plane crashed due to technical problems after taking off from Iran’s Imam Khomeini airport. The plane belonged to Ukranian Airlines, according to ISNA, another Iranian news agency. CNBC has
►Subscribe to the Financial Times on YouTube; http://bit.ly/FTimeSubs The city’s skyline has been transformed by startling glass-and-steel structures during the past decade – but are these towers right for London? Edwin Heathcote looks for answers. ► UK Immigration – The Facts: http://bit.ly/1e80LTj ► FT Business: http://bit.ly/1KUK08s ► FT World News: http://bit.ly/1Exp0iJ
Consumers would face fewer hurdles in trying to discharge debt through bankruptcy under a new plan from one of the Democratic presidential hopefuls. Sen. Elizabeth Warren, D-Mass., released a proposal Tuesday that aims to undo parts of a 2005 law, such as higher fees and more paperwork, that she says made it harder for individuals
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations,
The Rolls-Royce Cullinan at the Geneva International Motor Show 2019. Martyn Lucy | Getty Images Rolls-Royce had its best year ever in 2019, driven in large part by its three-ton SUV that sells for over $400,000. The company, a division of BMW, said it sold 5,152 cars last year, the most in its history. That
A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Daniel Acker | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely strategic roles across the New York-based
DETROIT – As Tesla CEO Elon Musk showed off his dance moves Tuesday to celebrate the launch of the Model Y in China, no such festivities were likely occurring in Detroit. Shares of Tesla have roughly doubled in the last six months, giving the Silicon Valley automaker a market capitalization of roughly $84.4 billion as
Hero Images | Getty Images New parents will have one new source to tap for money — their retirement savings. The Secure Act, which was passed by Congress in December, is ushering in some of the biggest changes to retirement savings since the Pension Protection Act of 2006. But experts warn that tapping your retirement
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | Getty Images Is Apple due for a pullback after its nearly 90% surge last year? Longtime technology analyst Dan Ives doesn’t believe so. In fact, the Wedbush
Eight months on a cruise ship — could you do it? For some, it’s an unimaginably long time at sea, while for others continuous cruising has become a way of life. For well-off and time-rich travelers, there’s a hunger not only for expeditions to novel, remote and less-accessible destinations, but also a growing interest in
European shares are set to open higher on Tuesday amid an easing of concerns over geopolitical tensions in the Middle East. Britain’s FTSE 100 is seen rising 45 points to 7,607, Germany’s DAX climbing 70 points to 13,187 and France’s CAC lifting 32 points to 6,042, according to IG index data. Market focus is largely
Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla will begin delivering its Model 3 cars made at its Shanghai factory to Chinese consumers on Tuesday amid a
It’s news to no one that Congress has had a hard time passing legislation in recent years. Some have even asserted that partisanship in Washington has reached historic levels. But how do we put the current divide in perspective? A group of researchers recently tried to quantify and visualize House partisanship in a paper published
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