Animal products entering the UK from the EU will continue to be waved through without checks if British ports are overwhelmed by new post-Brexit border controls, according to documents seen by the Financial Times. An “automated clearance process” will clear goods for entry without paperwork checks if there are capacity issues at border control posts,
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Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender. He will be replaced by Andrew Irvine, a former Bank of Montreal executive. McEwan returned RBS to profit before moving to Australia to lead NAB four years ago. He joined the Australian
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. The heads of consulting giants McKinsey and BCG told US lawmakers on Tuesday that their employees in Saudi Arabia could face jail if the firms handed over details of their work for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A 737 Max jet left a Boeing factory missing four bolts designed to secure a door panel that blew off in mid-flight last month, according to a preliminary report by a US regulator. The National
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. While negotiators in London and New Delhi haggle over a bilateral trade deal, India’s business elite has been raising a very different concern: the fear of being mugged in Mayfair. David Lammy, shadow foreign secretary,
The CBI is pushing Labour to soften potentially onerous laws on worker rights pledged by Sir Keir Starmer, the new president of the employers’ lobby group told the Financial Times. Rupert Soames, who last week took over as president of the business lobby group, said the UK needed to avoid a “European model” of employment
The numerous criminal and civil court cases against Donald Trump have turned the spotlight on one of the most contentious concepts in US law: presidential immunity. Trump’s claim that he is shielded from the federal case accusing him of meddling in the 2020 US election has reignited a debate over when and how presidents are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar said it had received a “positive” response from Hamas to a proposed deal that would involve the release of Israeli hostages in Gaza and Palestinian prisoners in Israel, as well as a lengthy pause
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump cannot use presidential immunity as a shield against criminal charges over alleged interference in the 2020 presidential election, a US federal appeals court has ruled. In a unanimous decision handed down on Tuesday,
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. It was a dire January for Chinese stocks. After falling almost 10 per cent, Hong Kong’s Hang Seng stock index now trades around the same levels it did in 1997, when Tencent and Alibaba, two of
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Reconcile, if you can, the following statements. First, universal laws are just another form of western empire. While the US and its allies lecture developing countries about such rich-world frills as human rights, China and Russia
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. A Bank of England rate setter has warned that the central bank may be “underplaying the downside risks” for the UK economy as she called for immediate interest rate cuts because of weak consumer
This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday The Federal Reserve revealed it was not itching to cut rates as early as March after its meeting last Wednesday, a view that will have been reinforced
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. A Canary Wharf office building that fell into receivership last year is to be sold at a 60 per cent discount to its last sale price, in a sign of how sharply the value of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former UK chancellor Kwasi Kwarteng, whose name became synonymous with one of the most chaotic periods in recent British political history, has announced he will step down as an MP at the next general election.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In Reddit’s r/stocks forum, the social media network’s own users take a dim view of the company’s upcoming initial public offering. “RIP Reddit, it all goes downhill from here”, is the general view. Users expect
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. A bipartisan deal backed by President Joe Biden to deliver billions of dollars in US aid to Ukraine along with stricter immigration policies is facing a widening groundswell of resistance from Republicans in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has set out plans for deeper cost cuts as the mammoth integration of rival Credit Suisse helped drive the Swiss bank to a second straight quarterly loss. Chief executive Sergio Ermotti, parachuted back into
Stay informed with free updates Simply sign up to the Technology myFT Digest — delivered directly to your inbox. Imagine — or, if you fly frequently and are particularly unlucky, remember — this scenario. Your flight is overbooked, and in order to free up space, passengers are being removed. Those with the least frequent flyer
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a retired RAF Air Marshal who was formerly director-general of Joint Force Development at the UK Ministry of Defence When General Sir Patrick Sanders, head of the UK army, made a speech
In December, a group of about 100 former employees of Carlyle Group gathered at the law firm Latham & Watkins in Manhattan just before the Christmas holidays for a party among old friends. In earlier years, the unsanctioned gathering was frowned upon by the buyout group’s previous chief executive. But at Latham’s offices, Harvey Schwartz,