Financial Times Front Page 12th of November 2024
European Union countries plan to significantly increase their defence spending, as heightened geopolitical tensions follow the recent US election outcome.
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The Financial Times reports that a US court has heard Sam Bankman-Fried, head of collapsed cryptocurrency exchange FTX, ran the firm like a “personal fiefdom” and spent “substantial amounts of money” on things not related to the business. The company filed for bankruptcy earlier this month following a liquidity crisis. A lawyer told the court that the collapse had “allowed everyone for the first time to see under the covers and recognise the emperor had no clothes”.
Financial Times Front Page 11th of November 2024
Bitcoin has reached a record high of $80,000 as traders speculate on supportive policies from the Trump administration, with expectations of looser regulations benefiting cryptocurrencies.
Financial Times Front Page 9th of November 2024
US stock markets are experiencing significant growth, raising concerns among experts about a potentially overheating economy due to fears of inflation and the possible reversal of trends under certain policies.
Financial Times Front Page 8th of November 2024
Joe Biden called on Americans to reduce political division and promote unity, urging acceptance of the election results and emphasising the importance of a smooth and peaceful transition of power.