Citi was the bank of choice for money launderers, US law enforcement officials say

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. According to senior US law enforcement officials, drug traffickers chose to launder money through Citigroup because they believed the bank was “more favorable” and had less stringent fraud controls. In an indictment unsealed last week, U.S. … Read more

Astronauts are not stuck on the ISS, NASA and Boeing officials say

Two NASA astronauts who traveled to the International Space Station in early June were originally scheduled to return home a few weeks ago to complete a test flight of Boeing’s Starliner spacecraft. Instead, the astronauts, Butch Wilmore and Suni Williams, will remain on the station for several weeks longer while NASA and Boeing engineers continue … Read more

Some European launch officials are still burying their heads in the sand

Enlarge / The first stage of the Ariane 6 rocket at Europe’s spaceport in Kourou in the French overseas department of Guyana, on March 26, 2024. LUDOVIC MARIN/AFP via Getty Images Eleven years ago, a panel discussion took place at a space conference in Singapore that has since become legendary in certain corners of the … Read more

Fed officials signal only one rate cut before the end of 2024

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. U.S. Federal Reserve officials have signaled they expect to cut rates just once this year, taking an aggressive stance on inflation as they have kept borrowing costs at a 23-year high. Updated forecasts on Wednesday … Read more

Health officials close cockroach-infested units for services

A cockroach infestation forced the closure of a motorway service area on the M40 Four units in Junction Eight’s welcome break have been forced to cease trading Environmental health officials launched an investigation last month after a complaint A cockroach infestation has led to a motorway service area on the M40 being closed by health … Read more