News

NatWest chief executive Alison Rose has agreed to step down after she admitted to inaccurately briefing a BBC journalist about the closure of Nigel Farage’s bank account. Rose will leave with immediate effect, the bank said in a statement. Paul Thwaite, chief executive of the bank’s commercial and institutional business, will take over for 12
0 Comments
Joe Lewis, the billionaire real estate investor and owner of Tottenham Hotspur football club, has been charged over multiple alleged instances of insider trading, US prosecutors said on Tuesday. The 86-year-old, who is one of Britain’s richest men, is accused of tipping off employees, associates, friends and romantic interests with non-public information about various entities,
0 Comments
NatWest’s board has criticised its chief executive Alison Rose and threatened to dock her pay after she admitted being the source of an inaccurate story about the closure of Nigel Farage’s bank account. But the bank’s chair Howard Davies said that “after careful reflection” the board had decided Rose retained their “full confidence”. Rose has been
0 Comments
Today’s India is an “illiberal democracy”. Freedom House, the US think-tank, puts it at the same level as Hungary, whose leader, Viktor Orbán, invented that phrase. But it rates the components differently: political rights, notably electoral politics, are healthier in India than in Hungary, but civil rights are weaker. Worse, the latter have deteriorated substantially
0 Comments
Chinese stocks staged their biggest one day rally since November after a call by China’s leaders for strong “countercyclical” measures to support the world’s second-largest economy, despite what economists said was a lack of detail in Beijing’s plans. President Xi Jinping’s 24-member politburo, the Communist party’s leading decision-making body, flagged the highly indebted property sector
0 Comments
China has announced the replacement of foreign minister Qin Gang, one month after the former high-flying favourite of President Xi Jinping disappeared from public view. Qin’s sudden disappearance came as the government was trying to restore dialogue with Washington and conduct a charm offensive with European nations after several years of increasingly tense relations. The
0 Comments
Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set
0 Comments
The US general counsel of EY has resigned after two years in the role, as the firm nears the conclusion of an investigation into its failure to properly handle a staff cheating scandal. Ann Cook will leave the firm on August 1, partners have been told. Her resignation comes amid scrutiny of the actions of
0 Comments
One Sunday morning in May, after leaving a restaurant in western Mexico, Sergio Emmanuel Martínez, a new customs director at the country’s largest port, was kidnapped. The next day, he was found dead beside a motorway, making him the fourth customs official at the port of Manzanillo to be murdered in less than two years. Manzanillo is a
0 Comments