Author: Press Room

A picture obtained by AFP outside Iran shows an Iranian police officer (C) raising a baton to disperse demonstrators during a protest for Mahsa Amini, a woman who died after being arrested by the Islamic republic’s “morality police”, in Tehran on September 19, 2022. – Fresh protests broke out on September 19 in Iran over the death of a young woman who had been arrested by the “morality police” that enforces a strict dress code, local media reported. Public anger has grown since authorities on Friday announced the death of Mahsa Amini, 22, in a hospital after three days in…

Good morning. Gilts and US stocks both ended yesterday near where they began, which we take to mean the drama has ended and we can all go home now. Wishful thinking? Email us: robert.armstrong@ft.com and ethan.wu@ft.com.The UK governance risk premium When last we checked in on the gilt market drama, Tuesday afternoon eastern time, Bank of England governor Andrew Bailey had just given UK pension funds a bracing talking-to. The bank’s intervention in the gilt market would not last for ever. If you have to liquidate UK bonds, lads, do it by Friday or you’re on your own; “You’ve got to…

Australia’s flag carrier Qantas has said it will return to profit this year, sending its shares up by as much as 12 per cent and marking the end of a financial crisis during the coronavirus pandemic. Qantas, known as the “Flying Kangaroo”, said on Thursday that it would report an underlying pre-tax profit of up to A$1.3bn (US$815mn) in the six months to December, double market estimates, as strong demand for flights offset higher fuel costs and inflation. Shares in the airline soared to A$5.83, their highest level since November 2021, on the strong profit forecast. Qantas reported three consecutive…

Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England.Guy Smallman | Getty ImagesLONDON — “The brains of humans and other animals contain a mechanism designed to give priority to bad news,” former Nobel Prize-winning economist Daniel Kahneman once said. For Brits, this mechanism has been taking a beating in recent months.The Bank of England this week has added to its emergency rescue package for British pension funds, while the government brought forward its medium-term fiscal policy plan, having plunged the…

The Edmonton Oilers recovered from a poor start to score a 5-3 win over the Vancouver Canucks in their season opener Wednesday night at Rogers Place. Connor McDavid had three goals and an assist while goalie Jack Campbell won his Oilers debut with 33 saves.The Canucks scored on two of their first four shots to take a 2-0 lead before the game was four minutes old. Vancouver’s Elias Pettersson stole a pass from Edmonton forward Dylan Holloway and tucked the puck behind Campbell. Canucks forward J.T. Miller wired a shot over Campbell’s glove on a two-on-one.Oilers defenceman Darnell Nurse took…

During the early Asian session, major cryptocurrencies were trading in the negative, as the global crypto market cap fell 0.05% on the previous day to $918.19 billion. Over the last 24 hours, overall crypto market volume fell 9.88% to $44.13 billion. The overall volume in DeFi was $2.40 billion, accounting for 5.44% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $41.54 billion, accounting for 94.13% of the total 24-hour volume of the crypto market.Bitcoin, the leading cryptocurrency, has gained 0.21% after losing more than 6% in the previous seven days. Ethereum, on the…

Getting the right to live and work in another country can be a long and difficult process. But that’s not always the case for those with money to spend.Golden visas offer the opportunity for wealthy people to essentially ‘buy’ the right to residency – sometimes without even having to live in the country.And their popularity in the European Union is growing as people look to move away from political decisions such as Brexit that may limit their rights.With the unsettled political and social environment in the US, applications for golden visas from Americans are expected to increase. In its latest…

It sounds reasonable to infer from recent events that UK pension schemes are in a pretty dark place. Their leverage has played a catalytic role in the Bank of England’s sequential emergency interventions. It might even be true of the unlucky few who were whipsawed by misbegotten derivative design and the BoE’s intervention. But if you tilt your head just so, systemwide funding ratios have rarely looked better. The present value of UK pension fund liabilities tend to be calculated with reference to long dated bond yields (from an accountancy, regulatory and management perspective). This is one of the founding…

Clutch pitching and timely hitting came by the way of the San Diego Padres, who tied their NLDS series against the Los Angeles Dodgers at one a piece with a 5-3 victory on Wednesday night. The long ball was a theme in this game early on, but the Padres benefited from it the most in the end. It was none other than their team – and potential National League – MVP Manny Machado quickly getting them on the board with a line shot just inside the left field foul pole off Dodgers legend Clayton Kershaw to make it 1-0. Later in the…

The Los Angeles Dodgers lost Game 2 of the NLDS to the San Diego Padres, but fans were hoping a little luck would fall upon them after a random goose decided to make its presence known in the middle of the game. Yes, a goose was flying around at Dodger Stadium on Wednesday night and interrupted this pivotal game between the NL West rivals. Dodgers fans, watching their team down 5-3 in the game with a runner on first base and two outs, were hoping their flying friend would give them some luck. Before it was disturbed by groundskeepers, the goose sat…