Two years into a public-private partnership to rebuild and take over the New York State Thruway Authority’s service areas, the project is 225 days behind schedule, a delay that has led to a technical default and prompted Fitch Ratings to revise its outlook to negative from stable. AECOM Tishman, the design-build contractor who is responsible
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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. The head of Airbus has said the group “might need some support” from European governments for a new, multibillion-dollar commercial aircraft programme as it gears up for a successor to its best-selling A320 family of
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Municipals were little changed Monday, while U.S. Treasuries were weaker and equities ended down. November was a “positive month” for munis as triple-A yields fell on an average of 89 basis points, bringing month-to-date returns of 6.35% and pushing year-to-date returns to 3.98% through the end of the month, Jason Wong, vice president of municipals
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NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm’s court hearing over its possible liquidation was postponed to Jan.
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The hardware cryptocurrency wallet firm Trezor has continued its efforts to promote Bitcoin (BTC) education globally by launching a new educational initiative in Africa. The Trezor Academy was officially launched at the Trezor-backed Africa Bitcoin Conference in Ghana’s capital of Accra on Dec. 4, the firm announced to Cointelegraph. The academy is an educational program focused
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A $2.6 billion terminal renovation at Houston’s George Bush Intercontinental Airport was officially launched Thursday, while a feud over bond financing for the project continues between the city’s mayor and controller.  Mayor Sylvester Turner joined United Airlines officials at the airport to highlight the Terminal B project, which includes the expansion of 40 gates to
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Artist Elizabeth Sutton is a true trailblazer. While many new artists struggle to support themselves entirely through art, Sutton’s approach and unique aesthetic have made her truly shine. While her heart has always been in painting, she’s also made a name for herself through licensing with everything from kitchen and bathroom tiles in collaboration with
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Grayscale, a significant player in digital asset management, has expressed enthusiasm about the potential transformation of its Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. This move could eliminate the current 8.09% discount of approximately $1.89 billion, aligning GBTC’s price more closely with the actual value of Bitcoin, offering significant benefits for investors. The company’s
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