The largest western banks that remain in Russia paid the Kremlin more than €800mn of taxes last year, a fourfold increase on prewar levels, despite promises to minimise their Russian exposure after the full-scale invasion of Ukraine. The seven top European banks by assets in Russia — Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank,
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Israel has said that it would be willing to delay a long-planned assault on Hamas’s last stronghold in the Gaza Strip if a deal to secure the release of Israeli hostages can be agreed. Hamas said over the weekend that it was studying a new proposal by Egypt and Israel that, according to reports, would
Nigel Farage, the outspoken former Brexit campaigner, prides himself on saying what others dare not. But when he labelled a law firm’s report into claims he was debanked by Coutts as a “whitewash”, he was not the first to raise concerns about such investigations. Corporate probes have been thrust into the spotlight after a recent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The median pay for S&P 500 chief executives jumped 9 per cent to $15.7mn in the year to April 15, widening the gulf in remuneration between US and UK bosses. The rises came despite the
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Paramount is preparing to fire chief executive Bob Bakish, adding more uncertainty at the Hollywood group controlled by Shari Redstone as it holds merger discussions with Skydance Media and prepares for another potential bid, according to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Baltic ministers have warned that GPS jamming blamed on Russia risks causing an air disaster after the interference with navigation signals forced two Finnish flights to turn around mid-journey. The foreign ministers of Estonia, Latvia
Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. The writer is a founding partner of Veritum Partners What do Silicon Valley Bank, Credit Suisse, Citigroup and Royal Bank of Scotland all have in common? If you guessed the answer as “they
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an international lawyer and founder of España Mejor, a non-partisan organisation to counteract political disengagement and polarisation Pedro Sánchez, Spain’s Socialist prime minister, startled the nation last Wednesday when he said he
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has claimed that a rise in asylum seekers heading to Ireland shows that the UK government’s Rwanda migration policy is “already having an impact” as a deterrent. The UK prime minister told Sky
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Concern over China’s economic clout has created “a hell of a chance” for the US to pass legislation paving the way for more free trade deals with Latin American countries, said President Joe Biden’s special
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey is in talks with US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas as Ankara seeks to curb its dependence on Russian energy. The country, which imports nearly all of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk met senior Chinese trade officials in Beijing on Sunday as the Tesla chief faces questions over slowing sales growth for his electric vehicles and data security concerns in the world’s biggest car market.
Kingsley Hamilton drove his vintage double decker “stop the Ulez” bus in circles around Yorkshire Grey roundabout in south-east London last Saturday as part of a protest against the capital’s vehicle emissions charge. “You’ll know me from being arrested for taking down Ulez cameras,” Hamilton said, referring to a case last year where he was
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The commander of US forces in the Indo-Pacific region has accused China of pursuing a “boiling frog” strategy, raising tensions in the region with increasingly dangerous military activity. Admiral John “Lung” Aquilino said that during
Rishi Sunak will face a challenge to his leadership if the Conservatives suffer heavy losses and lose high-profile Tory mayors in next week’s local elections, rightwing rebels have claimed. Most Conservative MPs believe the prime minister would survive even a terrible set of results on May 2 because there is no viable alternative and a
Russian deputy defence minister Timur Ivanov attended a meeting of the military’s top brass this week, sitting a seat away from his boss and wearing the uniform of one of the highest-ranking officials in the country. Hours later, Ivanov was taken to a courtroom, still wearing the same uniform but now under arrest on suspicion
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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. When people ask “How’s it going?”, I sometimes have to stop and think. The expected response is either “great” on a good day or “fine thanks” on the others. (Some Brits still favour the old-fashioned
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jupiter will retain a near £500mn in funds run by its star stockpicker Ben Whitmore who is leaving later this year, in a boost to the FTSE 250 asset manager which is facing a wave
Grindr’s chief executive has cautioned users about divulging personal information through the gay dating app, in the wake of a UK political scandal that has heightened concerns over online safety. “Ultimately, users need to be careful about how they use the product,” George Arison told the Financial Times. “I can do all I can as
“Levelling up” was the buzzword of the UK’s December 2019 general election campaign, but it was only after Boris Johnson had secured an 80-seat majority that thoughts turned to how to actually achieve it. Johnson was “passionate” about the idea of reducing regional inequalities, according to multiple colleagues. But when asked what levelling up meant