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...“We have been receiving our dividend income regularly and it is in bank accounts in Russia,” the Oil India chair and managing director said in May....
...“This business is built to be operated at scale and by having flights on just Unity you knew it wouldn’t reach the scale needed and cover its costs,” said Greg Konrad, analyst at investment bank Jefferies...
...They also follow a warning last week from Mario Draghi, the former Italian prime minister and European Central Bank president, that Europe was “going nowhere” if it failed to address the question of energy...
...peggy.hollinger@ft.com...
...While cost-cutting by companies represents a sensible response to tougher times, it threatens to make things worse in China just as growing fears about the property sector have prompted global banks to scale...
...Raiffeisen, still the largest western bank in the country, has taken €1bn in writedowns and other charges....
...The company laid off most of its workforce and filed for Chapter 11 protection from creditors in April, with $700,000 left in the bank....
...We’re coming up to a series of important central bank meetings: the European Central Bank announces its latest decisions today, the Federal Reserve and the Bank of England next week....
...in December 2021 after merging with a so-called blank cheque company, filed for Chapter 11 bankruptcy protection in Delaware state on Tuesday with an expected $700,000 of unrestricted cash left in the bank...
...Pepsi vs Carrefour: Consumers are paying the price for French retail rules that have inflamed a battle between the brands, writes Peggy Hollinger....
...Opinion: Even if Boeing’s recent incidents are eventually blamed on suppliers, winning back investor and consumer confidence will be difficult, writes Peggy Hollinger....
...Dutch plans to reduce the growth of Schiphol airport on environmental grounds are a proxy for the debate over the future of the airline industry, writes international business editor Peggy Hollinger....
...The first letter, sent in June 2020 to the then UK home secretary Priti Patel, said Indonesia had provided “critical evidence” to the SFO about corrupt deals involving Garuda, including bank account information...
...Another key takeaway from this year’s crop of European company reports is the emphasis on politics, especially when it comes to Russia’s invasion of Ukraine, writes international business editor Peggy Hollinger...
...The FT’s Peggy Hollinger asks if the next great leap forward in space is a lunar economy?...
...Peggy Hollinger explores in this FT film. Chart of the day The US economy’s lead over that of Europe is set to last into 2024 and beyond, experts forecast....
...Sponsors that the deal has helped bring on board include Investec bank and the Royal Mint....
...Impact of war: European companies have already taken a big hit from Russia’s invasion of Ukraine but there is still more pain to come, writes Peggy Hollinger....
...The indirect costs for companies of Russia’s war on Ukraine from soaring energy and raw material prices or supply chain disruptions will be long-lasting, says international business editor Peggy Hollinger...
...Investment bank Citi estimates a market for the whole space economy as big as $1tn a year by 2040....
...Analysts at investment bank Jefferies estimate that close to 10 per cent of Europe’s crude steel capacity has been idled in recent months....
...But that’s not necessarily a bad thing, writes the FT’s Peggy Hollinger....
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