U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Jonathan Ernst | Reuters The U.S. Securities and Exchange Commission on Wednesday voted to adopt new rules that will require most publicly traded companies to disclose climate-related risks
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With a general election looming, chancellor Jeremy Hunt was under pressure to deliver sweeteners for voters, notably what he described as “helping families with permanent cuts in taxation”, without appearing fiscally irresponsible. He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a
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Live Opinion3/6/2024, 9:51:25 AM Stephen Bush At the Autumn Statement last year, Jeremy Hunt used most of his “headroom” to introduce a series of genuine “pro-growth” measures: making “full expensing” permanent (a big tax break for companies), increasing the government’s spending on computing power to develop artificial intelligence and further fleshing out its £2.5bn national
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The Puerto Rico Electric Power Authority bond trustee said the Oversight Board’s proposed plan of adjustment breaches the bonds’ trust agreement. “There is a fundamental clash between the duties of bondholders to each other in the trust agreement and the three bondholder [plan support agreements (PSAs)] in the plan,” said bond trustee U.S. Bank N.A.
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The Municipal Securities Rulemaking Board is gearing the industry up for two meetings aimed at addressing the now discarded 2024 rate card fee model. The board recently announced these meetings, the first of which will gather four trade associations and focus on the comments received, market projections and fee volatility as part of the board’s
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Republican presidential candidate, former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center on February 20, 2024 in Greenville, South Carolina.  Justin Sullivan | Getty Images Donald Trump is racing to stave off a pair of civil penalties totaling nearly $540 million — without having to first put
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Academics at Imperial College London have worked with scientists at Chinese institutions linked to Beijing’s armed forces and defence sector on research with potential military applications. Since the beginning of 2023, academics at the world-leading British university have been named as co-authors on at least five studies with figures from Chinese organisations at the heart
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SEC Chairman Gary Gensler testifies before the U.S. Senate Committee on Banking, Housing and Urban Affairs during an oversight hearing on Capitol Hill in Washington, D.C., September 15, 2022. Evelyn Hockstein | Reuters Securities and Exchange Commission Chair Gary Gensler on Wednesday will hold a vote on one of his most controversial proposals: a rule
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt will use the Budget on Wednesday to cut personal taxes, as he scrapes together the money needed to fund a package intended to lift Conservative MPs’ spirits ahead of the general election.
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