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News updates from February 16: Russian opposition leader Alexei Navalny dies, Trump ordered to pay more than $350mn in New York fraud case
Starmer blames green investment U-turn on Tories’ ‘broken’ economy
...Labour’s Sir Keir Starmer has defended the party’s U-turn on its £28bn-a-year green investment target, saying he was forced to ditch the plan because the “Tories have broken the economy”....
February 16, 2024
News in-depthCarvana
Carvana makes U-turn away from financial abyss
...Garcia vowed a high-speed U-turn. His company would slash costs and its heady ambitions for growth would take a back seat to proving efficiency....
March 21, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Transcript
Transcript: Will Labour’s green U-turn weaken Starmer?
...Jim PickardThere have been an awful lot of U-turns....
February 9, 2024
LexESG investing
Asset managers’ green U-turn exposes energy transition cakeism Premium content
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
February 25, 2024
Letter
Letter: Voter turnout is the way to defeat the populists
...Opponents of populism need to generate, in the minds of the liberal abstainers, a very strong determination to defeat the populists. The issue is not always about democracy....
January 30, 2024
Letter
Letter: What a new temple tells us about a ‘secular’ India
...The government of a secular republic very evidently should not be promoting a particular religion or basing its development on the promotion of that religion....
January 19, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Gideon Rachman
Ukraine is the front line of a much larger conflict
...Together they offer a clear sense of how America — and its key allies in Europe and Asia — now see the world....
April 21, 2024
Stephen Bush
Little good can come of Starmer’s green U-turn
..., into the policy, the fault of Reeves for embracing it, the implacable opposition of senior politician Pat McFadden to it, or the indecisiveness of Starmer in choosing between them all....
February 9, 2024
Borderlands
How Mexico’s ‘kabuki pantomime’ fails to stop US-bound migrants
...“They are stuck with this sort of kabuki pantomime of trying to put on a show of blocking people, which they’re kind of good at,” said Adam Isacson, a migration expert at the Washington Office on Latin America...
April 21, 2024
LexElectric vehicles
EU carmakers’ strategic U-turns point them in the right direction Premium content
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
February 1, 2024
News in-depthLabour Party UK
Labour’s green U-turn: how Starmer dropped £28bn ‘albatross’
...The substance and style of Labour’s biggest U-turn for years demonstrated the ascendancy of cautious Blairites inside Britain’s main opposition party, as the green prosperity plan joined a long list of radical...
February 8, 2024
Letter
Letter: English devolution to cities and regions must be bolder
...True devolution, with an effective transfer of decision-making powers, is as important as it is difficult to deliver....
January 29, 2024
Banks
The $1tn ‘hold-to-maturity’ sleight-of-accounting
...Based on our estimation, U.S. banks were able to avoid recognizing $175 billion in losses due to these reclassifications at the end of 2022....
April 3, 2024
ReviewNon-Fiction
3 Shades of Blue — the jazz geniuses of mid-century America
...America”....
March 28, 2024
News in-depthGerman politics
EU partners lose trust in Berlin after policy U-turns
...But in a last-minute U-turn, Germany said it would abstain from the vote because the liberal Free Democrats (FDP) had suddenly announced they opposed it....
February 16, 2024
FT Live
Business of Football Summit
The global gathering of leaders in football and finance
Wednesday, 26 February 2025In-Person & Digital | London
ExxonMobil
ExxonMobil makes U-turn on monitoring its methane emissions
...The decision represents a sharp U-turn for Exxon, which as recently as its annual meeting in May urged shareholders to vote against a resolution calling for it to join the programme, arguing that doing so...
November 29, 2023
Private equity
Sports investor Arctos to focus on N America after raising $4.1bn fund
...“Finding those outside of North America is difficult.”...
April 20, 2024
Europe Express
The political motives behind von der Leyen’s green agenda U-turn Premium content
...Context: Russia’s full-scale invasion of Ukraine almost two years ago prompted a rapid overhaul of Nato’s defensive posture in favour of major deployment of troops and equipment in eastern Europe as part...
February 7, 2024
Labour Party UK
Labour vows to be ‘laser-focused’ on net zero despite £28bn U-turn
...Starmer announced the U-turn this month after a drawn out period of internal arguments over whether the pledge, made in 2021 when borrowing rates were close to zero, was still affordable at a time of higher...
February 27, 2024
Photo essay
Solar eclipse seen over Mexico, America and Canada
...Millions watch total solar eclipse across Americas...
April 9, 2024
Fortescue Metals Group Ltd
Fortescue chair slams Germany for U-turn on EU supply chain rules
...Australian mining billionaire Andrew Forrest has slammed Germany for its U-turn against EU legislation that would punish companies for environmental and human rights abuses in their supply chains....
February 19, 2024
UK politics
Starmer slashes green spending pledge to £4.7bn in major U-turn
...Sunak said Starmer had a “proven track record of U-turns on major policies”, which had been demonstrated again by Labour abandoning its £28bn-a-year green spending pledge....
February 8, 2024
US economy
Goldman: The US GDP–GDI gap won’t hurt you
...in his newsletter in November: [The] “statistical discrepancy” between expenditure-based estimates of the value of goods and services produced in the U.S....
February 12, 2024
Scoreboard
The $50,000 test of the Olympic model Premium content
...Against that backdrop, it would take a brave league to tell fans that clubs can head off to America instead of holding matches in front of their home crowds....
April 13, 2024
OutlookPatti Waldmeir
Syphilis: an age-old disease stalking modern America
...In today’s America, too few of those who are most at risk have any way of finding that out....
April 1, 2024

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