World News Feed
Latest news from trusted sources around the world
Warren Buffett’s son to succeed his father as Berkshire Hathaway chair
Conglomerate says the elder Buffett will take on role of chair emeritus
UK’s top taxpayer says he would ‘not wish to be reborn’ in …
Betfred founder Fred Done threatens 500 shop closures over tax rises that have left him fearful for the UK’s prospects
White House attacks Fed official after review of Silicon Valley Bank collapse
New report finds ‘culture of risk aversion’ among banking regulators led to mishandling of weaknesses at tech-heavy lender
Ex-Apollo executive admits to improperly using company documents
Imran Siddiqui had been sued by buyout group’s Athene unit over his rival start-up
Starmer looked at softening £100,000 ‘tax trap’ for higher earners
Andy Burnham’s government is not considering a similar move against 60% rate viewed by economists as a dysfunction in tax system
Mbappé Signs with On
Bloomberg’s Randall Williams says Kylian Mbappé’s move from Nike to On is a major statement for the young Swiss sportswear company and a notable loss …
Specialty Insurer Orion180 Slumps 4.2% After $240 Million IPO
Orion180 Insurance Group Inc. fell 4.2% in its trading debut after the company raised $240 million from an upsized initial public offering.
VW Cuts Profit Outlook After China Sales Slump, Costs Rise
Volkswagen AG lowered its operating margin forecast, reflecting a sharp contraction in the Chinese car market and costs related to its job-cutting plan. The carmaker …
Former Wells Fargo asset manager Allspring explores $4bn sale
Deal by private equity owners would follow a string of transactions that have reshaped the industry
Labour conference set to vote on new AI regulator as cabinet concerns …
Motion brought by union to replace AI Security Institute comes as minister opens door to strengthening legislation
Why Scott Bessent should pay attention to Turkey’s market scandal
It does not take a fraud to cause problems when markets get overstretched
Business and unions clash over how to fix UK’s youth jobs shortage
TUC calls for £1bn expansion of jobs guarantee while employers push for tax cuts
Switzerland Criticizes Russia’s Nestle Grab, Seeks Reversal
Switzerland said Vladimir Putin’s seizure of Russian assets belonging to Nestle SA is a worrying development and it’s working with the company to get the …
China’s Fiscal Pullback Extends to August as Spending Slumps
China’s public expenditure declined at a quicker rate in August, indicating the government was still withdrawing fiscal support for the economy despite cooling growth momentum.
Saudi Arabia Billionaires’ Family Office Dubai Bet Adds to London Exodus
An investment firm for one of Saudi Arabia’s richest families is relocating from London to Dubai, according to people familiar with the matter, the latest …
FirstFT: Venezuela nears deal to transfer $4bn gold reserve to New York
Also in today’s newsletter: top Republican warns Hispanic voters feel ‘betrayed’ by Trump and Wall Street trading boom fades
Yen sinks after BoJ raises rates to highest level since 1995
Hawkish comments by BoJ governor fail to arrest renewed slide in currency after borrowing costs lifted to 1.25%
Turkey Investment Funds: How Pusula, Tera Crisis Sparked Market Panic
Turkish citizens piled into some high-profile investment funds in recent years, lured by extraordinary gains that would make many finance professionals pause.
Turkey Fund Rout Erases $4 Billion From a Rapidly-Won Fortune
For a long time, it seemed little could stop Altunc Kumova, a discreet businessman who became one of Turkey’s richest people after a meteoric rise …
BOE’s Balance Sheet Move Eases Repo Pressure, Barclays Says
The Bank of England’s plans to slow the pace of its bond sales will ease pressure on repo operations as well as providing a tailwind …
Fuel queues and conscription fears unsettle Russian voters
Fallout from the Ukraine war shapes first State Duma election since the start of the conflict
Bank of Japan raises rates and accelerates tightening
Rates increased to 1.25% as expected and indicate quarterly pace of tightening will continue
FX Market Is Reliably Calm Even as the World Gets More Volatile
Currency volatility has been so low for so long that traders are starting to treat it as the new normal rather than a passing phase.
‘Greek finance minister encourages Germany to implement reforms’
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