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Defense Secretary Pete Hegseth signed a memo on Friday calling for a review of Military Equal Opportunity and DoD civilian Equal Employment Opportunity programs. The secretaries of each military department are required under the memo to assess the programs in place within their own departments. In a video posted on X announcing the memo, Hegseth … Read more
Nigel Farage’s Reform UK party is launching a drive to raise funds from wealthy offshore donors in low-tax jurisdictions including Monaco, the United Arab Emirates and Switzerland, taking advantage of Britain’s loose funding rules to bolster its coffers. The rightwing populist party is looking to raise money from British expatriates who can donate in their … Read more
A visitor observes a computer bay at the PA10 data center, operated by Equinix Inc., in Paris, France, on Thursday, Feb. 6, 2025. Bloomberg | Bloomberg | Getty Images In some advanced economies, electricity infrastructure and cost of utilities are undergoing structural changes because of artificial intelligence-driven demand for data centers. In the process, U.S … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a senior fellow at the Centre for International Governance Innovation, former executive director at the IMF and former counsellor at the World Trade Organization “Liberation day”, as US President Donald Trump triumphantly … Read more
The arbitrary ways in which the government applies the “routine use” exemption have been drawing criticism since at least 1977, when a blue-ribbon commission established by Congress reported that federal law enforcement agencies were creating “broad-worded routine uses,” while other agencies were engaged in “quid pro quo” arrangements—crafting their own novel “routine uses,” as long … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Around 1mn people will be prevented from receiving health and disability benefits under welfare reforms that set Sir Keir Starmer’s government on course for a showdown with Labour MPs. Plans aiming to save £5bn a … Read more
The Cabinet of Japan has green lit a proposal to amend the Payment Services Act, which would ease regulations for stablecoins and crypto brokerages. According to a press release issued by the country’s Financial Services Agency, the bill has already been approved by the Cabinet and was submitted to the National Diet on the same … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Reform UK dramatically split on Friday as the party removed the whip from one of its only five MPs and said he had been reported to the police for alleged threats of physical violence against … Read more
Japan is looking to reform crypto policies, as Financial Services Agency (FSA) is set to introduce significant reforms in the regulation of stablecoins and crypto brokerage businesses. According to a local media report dated 19 February 2025, “the policy includes allowing stablecoins to be backed by short-term government bonds and certain fixed-term deposits in addition … Read more
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. UK ministers are exploring further scaling back legislation aimed at reforming the audit market as they seek to ease regulation on businesses in a push to boost economic growth. Ministers overseeing the Audit Reform and Corporate … Read more
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