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Signa Holding
Insurers built €3bn exposure to struggling Signa property empire
...Many companies within the group are still trading, but people close to the business said further insolvencies were expected within days....
December 12, 2023
Western business, the Kremlin and the war
Raiffeisen Bank trumpets Russia growth plans in dozens of job ads
...But among the European banks still operating in Russia and disclosing staff numbers, Raiffeisen is the only one that has increased local headcount over the same period — by 6.6 per cent to 9,942 employees...
April 16, 2024
FT Live
Global Banking Summit
The world's top gathering of leaders in finance
Tuesday, 3 DecemberLondon, UK
Signa Holding
Signa company failed due to illicit financial transactions, creditors allege
...It is unclear what assets he may still have access to via a series of opaque family trusts controlled by his mother in Austria and Liechtenstein....
March 12, 2024
Chess
Chess: Half a century on, Fischer v Spassky at Reykjavik still echoes
...The most famous chess match of all time Bobby Fischer v Boris Spassky in 1972, still casts its echoes....
March 11, 2024
Architecture
Tropical Modernism at the V&A — the architects who built a postcolonial future
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
March 1, 2024
Menswear
V-necks are back
...“Decades later, a V-neck sweater worn with a white round-neck T-shirt underneath is still one of my favourite looks. It’s clean, uncomplicated and blissfully under-thought.”...
April 8, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
ReviewPhotography
Photo City exhibition review — photography and the metropolis in conversation at V&A Dundee
...Photo City: How Images Shape the Urban World at the V&A Dundee is a terrific exploration of the exchanges between the ways cities have been photographed and of how those images have shaped the subsequent...
April 11, 2024
FT Alphaville
The Bank of England is still v v worried about Treasury basis trades
...Down from 175x, but still . . . You can read the full FPC report here....
December 6, 2023
War in Ukraine
Germany arrests suspected Russian spies over bombing plot
...Russian intelligence agencies have tried to tap into still widespread German unease about supporting Ukraine and exploit gaps in the country’s domestic security, which is still relatively permissive compared...
April 18, 2024
Tefaf Maastricht 2024
Battle to keep sculpture in Britain highlights European museums’ struggles
...For 40 years, a 12th-century walrus-ivory carving on loan to the V&A in London has captured the imagination of museum visitors....
March 2, 2024
Global Economy
US deficit poses ‘significant risks’ to global economy, warns IMF
...But the fund argued that the country’s debt dynamics could still weigh on its trade partners....
April 17, 2024
Raiffeisen Bank International AG
Raiffeisen warns ECB plans could derail plan to sell Russian arm
...She added that those still present, including Raiffeisen, had been given “clear expectations on how we expect a downsizing of activities and exit strategies”....
April 18, 2024
News updates from April 11: ECB keeps interest rates on hold; OJ Simpson dies aged 76
US inflation still on course for 2% target, Fed policymaker says
...However, Williams suggested that he still believed the federal funds target range, of 5.25 to 5.5 per cent, could end the year 75 basis points lower....
April 11, 2024
Rene Benko
Liechtenstein prosecutor probes Signa founder Benko’s hidden wealth
...For many of Signa’s investors, who are still owed billions, the foundations’ penury raises questions about where the fortune formerly attributed to the 46 year old Tirolean has now gone — and whether they...
April 12, 2024
US interest rates
Powell says US inflation ‘taking longer than expected’ to hit target
...European Central Bank president Christine Lagarde said earlier on Tuesday that the eurozone’s monetary guardian was still on track to cut rates “in reasonably short order”, providing there are no big shocks...
April 17, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
US economy
US to grow at double the rate of G7 peers this year, says IMF
...“The sanctions are still degrading and having an impact gradually on the Russian economy, but the economy itself is quite resilient.”...
April 16, 2024
Middle East conflict
Iran warns of shift in nuclear stance if Israel threatens atomic sites
...The IAEA still has inspectors in Iran, but the UN watchdog and western governments have repeatedly accused Tehran of not co-operating with the agency....
April 18, 2024
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
Fed still aiming for three rate cuts despite strong inflation data in early 2024 — minutes
...US central bank officials still expect to be able to cut interest rates three times this year, despite the “persistence of high inflation” at the start of this year, according to minutes of the Federal Reserve...
April 10, 2024
Sam Jones
Could theatre be the future of investigative journalism?
...But still, Kraus should make us pause for thought. sam.jones@ft.com Letter in response to this article: Vienna was at the centre of global crisis once before / From Dr John Doherty, Vienna, Austria...
March 25, 2024
Middle Eastern economy
IMF warns of long-lasting economic impact of Gaza war on Middle East
...He warned that the level of unemployment was “still high at the youth level in the region, among the highest worldwide”, while growth was “below the historical average”....
April 18, 2024
Germany
German military still faxes documents and cannot radio allies, official warns
...“The Bundeswehr still has too little of everything: there is a lack of ammunition, spare parts, radios, tanks, ships and aircraft.”...
March 12, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
Swiss central bank announces surprise rate cut
...Others, such as the European Central Bank, are still fretful over inflation and have kept rates steady in recent decisions. The Swiss franc fell 1.2 per cent against the US dollar after the move....
March 21, 2024
Signa Holding
Signa creditors agree deep haircuts in wind down deal
...The futures of Signa Holding, the parent company of the two, and Signa Retail, a third sister company, are still undecided....
March 18, 2024
Currencies
Switzerland in surprise cut to interest rates
...Other rate-setters, such as the European Central Bank, are still fretful over persistent upward price pressures and have kept rates steady in recent decisions....
March 21, 2024
News updates from March 25: Boeing CEO to step down; UN Security Council calls for Gaza ceasefire
Top Fed official says risks ‘moving into better balance’
...Cook’s speech comes after a slim majority of policymakers said last week they would still support three cuts to interest rates this year, despite signs that inflation is proving stickier than hoped....
March 25, 2024

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