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BlackRock has launched two exchange traded funds that invest in areas that the firm thinks will accelerate the economy. The iShares Blockchain and Tech ETF (IBLC), seeks to track the NYSE FactSet Global Blockchain Technologies index and is composed of companies that are involved in the “development, innovation and utilisation of blockchain and crypto technologies”,
Two of Roman Abramovich’s longstanding associates are set to keep their jobs running Chelsea Football Club if the leading bidder, a consortium led by US financier Todd Boehly, prevails. Chelsea’s chair Bruce Buck, 76, and director Marina Granovskaia, 47, have been offered the option to stay in place under Boehly’s ownership, three people with knowledge
It was an event that signalled a striking shift in South Korea’s corporate scene: a millennial fund manager taking on senior executives of one of the country’s leading entertainment companies in a YouTube debate put on for the nation’s growing army of retail investors. Thirty-five-year-old Changhwan Lee, who left private equity group KKR last year
On Monday morning, with volumes thinned by the UK’s bank holiday, Citigroup briefly crashed the European market. Nearly two trading days later, we’re still struggling to figure out how. Citi has placed the blame on one unfortunate in its London office, saying a unidentified trader “made an error when inputting a transaction”. As excuses go,
The writer is a science commentator It seems like a ingenious solution to an intractable problem. The world may be bungling its promise to limit global temperature rise to less than 2C above pre-industrial levels, but could solar geoengineering ride to the rescue? Methods vary but the basic idea is the same: to reflect sunlight
This is an audio transcript of the FT News Briefing podcast episode: Federal Reserve poised to raise rates a half-per cent Jess SmithGood morning from the Financial Times. Today is Tuesday, May 3rd. And this is your FT News Briefing. [MUSIC PLAYING]  US central bankers are meeting today amid expectations for a half point interest
The US Federal Reserve is expected to accelerate its monetary policy tightening this week with its first half-percentage point rise since 2000 and signal more aggressive action to come until there is clear evidence that red-hot inflation is under control. Mounting inflationary pressures stemming from a tight labour market coupled with price increases extending beyond
The writer is an adjunct lecturer at William & Mary and author of an upcoming book on confidence-driven decision-making “The markets are plotting against me,” an international student told me recently. Between the dramatic rise in US used-car prices, the increase in short-term interest rates and the strength of the dollar, the monthly loan payment