Hints and tips:
...Ministers steered clear of discussing Sunak’s controversial decision to U-turn on key targets to reach net zero, said attendees....
...Train operators in England had been planning to generate significant savings from the mass closure of ticket offices, but the government ordered a U-turn in October following a public backlash....
...Senior railway executives privately expressed frustration at the U-turn....
...The U-turn is a blow to government hopes that employers would use the powers to limit the effects of strikes, in the first big test of the legislation that covers some public sector workers, including rail...
...The U-turn represented a blow to one of the most high-profile efforts to limit flying on environmental grounds, and came after the government said the US threatened “countermeasures” against the restrictions...
...The U-turn represented a blow to one of the most high-profile efforts to limit flying on environmental grounds, and came after the Dutch government said the US threatened “countermeasures” against the restrictions...
...The announced changes represent the latest apparent policy U-turn after the Meloni government partially backtracked on a bank windfall tax that spooked markets and drew criticism from the European Central...
...However, U-turns are possible: Russia’s full-scale invasion of Ukraine, for example, prompted a debate on the social utility of armaments and some investors, including Sweden’s SEB, overhauled their stance...
...Email me: chris.giles@ft.com The interest rate landscape Central bankers have given many interviews and speeches in the past week, and one unifying feature is that officials hate U-turns....
...Tory climate U-turns | Manufacturing groups have hit out at Rishi Sunak’s watering down of some of Britain’s net zero emission targets, saying it is a “huge setback” to the sector....
...It was not until 1917, when the Kaiser’s U-boat fleet resumed indiscriminate attacks on Atlantic shipping, that Wilson reframed the war as a struggle between democracy and tyranny and dispatched American...
...Additional reporting by Philip Stafford and Tommy Stubbington...
...The row between the RMT and Network Rail also deepened on Wednesday, as the infrastructure operator rejected claims it had performed a U-turn on a pay offer to staff....
...Today’s top stories Eurozone wages are rising in a “moderate way” says the European Central Bank’s chief economist Philip Lane....
...“Don’t forget it’s me who put you where you are now,” sings Philip Oakey in Human League’s 1981 hit Don’t You Want Me. “And I can put you back down too.”...
...His U-turn comes amid a broader shake-up of senior management at the exchange, where brokers and industrial traders have gathered to buy and sell copper, zinc and other industrial metals since 1877....
...were the counterparties to the swaps ‘fessed up, it emerged the LME saw just one-fifth of the market.The LME’s chief executive Matthew Chamberlain was due to quit for a crypto start-up, but has now done a U-turn...
...Hunt’s change of tack “may well have done enough to prevent a formal downgrade” to the UK’s credit rating later this week, according to Investec economist Philip Shaw....
...It said corporate liabilities from litigation between 2022 and 2030 could exceed U$100bn....
...Additional reporting by Philip Stafford and Harriet Clarfelt...
...“With governments making U-turns and policy changes there was uncertainty until the last minute, leaving little time to restart an industry that was largely dormant for two years....
...“It was a brutal wake-up call, but since then they have done a U-turn and been catching up quickly. You have to give them credit for that.”...
...Additional reporting by Josephine Cumbo and Philip Stafford...
...Shapps said the government would bring a package of eight measures to parliament next week in response to P&O’s actions that would “force them to U-turn”....
...Monetary policy Philip Jefferson will deliver his first speech today as a newly-appointed Federal Reserve governor, providing the keynote address at a session at the Technology-enable Disruption conference...
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