Allianz warns legal battle over ‘Structured Alpha’ funds could be costly
Politics

Allianz warns legal battle over ‘Structured Alpha’ funds could be costly

Fund management updates Sign up to myFT Daily Digest to be the first to know about fund management news. Allianz warns that an escalating legal dispute over actions taken by some of its investment funds in the US last year during the early days of the pandemic could result in a painful financial blow. The…

GOP Legislator Says Infrastructure Bill Has Enough Support To Pass Senate
Politics

GOP Legislator Says Infrastructure Bill Has Enough Support To Pass Senate

Updates on politics and policy in the US Sign up to myFT Daily Digest to be the first to know about US politics and policy news. Joe Biden’s $1 trillion infrastructure package had enough support from lawmakers to pass the Senate this week, Republican Senator Susan Collins said Sunday. Collins said the bill could be…

Pandemic causes largest global house price rise in two decades
Politics

Pandemic causes largest global house price rise in two decades

House prices are rising in nearly every major economy in the wake of the coronavirus pandemic, sparking the widest rally in more than two decades and rekindling economists’ concerns about potential threats to financial stability. Of the 40 countries covered by the OECD data, only three have experienced a decline in house prices in real…

Coronavirus latest: New York wants to revive pandemic-ravaged childcare
Politics

Coronavirus latest: New York wants to revive pandemic-ravaged childcare

Every US state has given at least one dose of a Covid-19 vaccine to at least half of the adult population, with Mississippi the last to reach the milestone, according to the Centers for Disease Control and Prevention. Mississippi has completely pinned 34.5 percent of the population, ahead of Alabama’s 34.3 percent. The European Medicines…

Niger needs Western help to tackle jihadists, president says
Politics

Niger needs Western help to tackle jihadists, president says

Nigeria updates Sign up to myFT Daily Digest to be the first to know about Niger news. Western powers must increase the supply of intelligence and military hardware to governments in the Sahel following France’s decision to Halve the deployment of anti-terrorist forces in the region, the president of Niger told the Financial Times. Niger,…

Myanmar Juntachef Takes Charge of ‘Outgoing’ Government
Politics

Myanmar Juntachef Takes Charge of ‘Outgoing’ Government

Myanmar updates Sign up to myFT Daily Digest to be the first to know about Myanmar news. General Min Aung Hlaing, Myanmar’s junta chief, has assumed the title of prime minister to head an interim government six months after the military took power in Suddenly. The military commander also pledged to lift the country’s state…

Turkey fights to contain wildfires as residents and tourists flee
Politics

Turkey fights to contain wildfires as residents and tourists flee

Turkey updates Sign up to myFT Daily Digest to be the first to know about Turkey news. Turkey has brought more than 100 wildfires under control after a series of fires near the Mediterranean coast killed six people and forced thousands of residents and foreign tourists to flee resort areas, the government said on Sunday….