Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 55 per month after the trial ends, Long-lived rivals: actuaries say Biden and Trump are not too old for office, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, Singapore deepens US defence ties despite Chinese financial inflows, Inflations legacy hits European households even as price growth ebbs, EU law to restore nature stokes debate that jobs will go to China, Britains Brexit capital shows signs of disillusionment with Tories, UK employers push to cut pension scheme payments after rates windfall, Role of lawyers in misuse of NDAs to be examined by UK regulator, Crisis-hit Scottish National party tries to ride out the storm, UK government to water down fraud proposals for tech groups, Charlie Munger: US banks are full of bad commercial property loans, JPMorgan to acquire First Republics deposits as US regulators step in, JPMorgan, Citizens and PNC submit bids for First Republic, Deutsche Bank plans to beef up investment bank advisory team, Mercedes-Benz chief says cutting China ties would be unthinkable, Investors bet on shrinking pool of tech stocks as rally narrows, Totals chief tells investors European listing to blame for oil groups trading discount, Building society chief warns deposit-scheme reform will hit lending, FirstFT: The second-biggest bank failure in US history, China, America and why not all growth is equal, A gruesome episode tells a painful story about corporate Japan, The costs of entrenched high inflation cannot be ignored, Labour has leverage to carry out private equity tax reform, Inside the elite British college for the worlds best nannies, In Kolkata, Indias new bankruptcy law is put to the test, Travels through Cretes ancient history without the crowds. Still, a recent report from Redfin showed that in 2022, 30% of 25-year olds owned their own home, higher than the rate for millennials (28%). The end-result is a modular city designed to facilitate a man-made ecosystem with a circular economy. Money: a means of recording entitlements and obligations In a buoyant economy, profits are high and firms can use these profits to finance investment projects. The canon of economy keeping in view the above-mentioned purpose states that the cost of collecting taxes should be as minimum as possible. However, many forecasters still expect the US to fall into economic recession sometime this year. hide caption. Recent weeks have been marked by announcements of job cuts from many big businesses, including consultancy Deloitte, manufacturer 3M, retailer Gap and tech giant Meta.