Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. The Bank of England has proposed raising the amount of money covered by the UK deposit guarantee scheme from £85,000 to £110,000 under plans that are likely to increase the contribution lenders make to the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wood Group has said it will need to restate financial results after an independent review found “cultural failings”, including information being withheld from auditors. The troubled London-listed engineering group said on Monday that “material” adjustments … 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 head of non-ferrous metals pricing at Argus Media Europe’s newfound enthusiasm for military spending is colliding with some extraordinary price surges in some not so well-known crannies of commodities markets. Many niche … Read more
Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. Italian lender Mediobanca has reported two of its top shareholders to the European Central Bank over concerns that they are poised to gain control of three of the country’s top financial institutions without regulatory approval, … Read more
Weak oil prices are adding to pressure on Saudi Arabia’s vast spending programme as Riyadh prepares to unwind crude production cuts starting on Tuesday, which is likely to push prices lower. Economists said the kingdom would probably need to slash expenditure by more than the 3.7 per cent annual drop planned for 2025, as oil … Read more
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. A surge in Eurozone government borrowing costs as a result of Germany’s planned defence spending spree will intensify debt pressures on other countries in the bloc and could make it harder for them to mount … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe urgently needs to make its capital markets more attractive or risk having all its technology companies list on US stock markets, Sweden’s prime minister has warned. Ulf Kristersson was speaking after his country lost … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global markets fell on Monday over fears of an intensified global trade war ahead of Donald Trump’s expected unveiling of a swath of extra tariffs. Japanese, South Korean and Hong Kong stocks fell sharply, accelerating … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government should replace the windfall tax on oil and gas “as soon as practicable”, a business-led task force has said, warning the window of opportunity to secure the future of the North Sea … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Trump administration is revoking a number of permits and licences that enable western oil companies to do business in Venezuela, as it ratchets up economic and diplomatic pressure on President Nicolás Maduro. … Read more