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Oil & Gas industry
UK-sanctioned oil trader enlists ex-Biden aide to thwart potential US sanctions
...Desai’s AND Partners LLC will provide services including “research on considerations around potential imposition of sanctions administered by the United States Office of Foreign Assets Control upon [Troost...
March 21, 2024
Western business, the Kremlin and the war
Raiffeisen Bank trumpets Russia growth plans in dozens of job ads
...Several of the online job postings state that the bank is pursuing a growth strategy in Russia. “To continue to grow we need a strong and united team,” a job offer for a branch manager reads....
April 16, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...The state department also asked SBTi last year to make the purchase of carbon credits compulsory for companies taking part in the net zero verification process, even if these were not used to cancel out...
April 21, 2024
Deloitte LLP
Deloitte US staff paid bigger share of revenue after hiring battle
...The figures lay bare a shift inside the Big Four accounting firms since the coronavirus pandemic, which unleashed a wave of demand for their consulting services from corporate America but also prompted staff...
October 10, 2023
FT Magazine
Why everybody who’s anybody in Manhattan real estate relies on Jon Mechanic
...On top of the usual burdens, the city is also now bearing the cost of an epic influx of migrants — many from Venezuela. Some of the rich have already left to low-tax states like Florida and Texas....
October 20, 2023
Bankruptcy
The US scourge of venue shopping
...Because 198 days before filing for bankruptcy (just outside the 180 day requirement under the bankruptcy venue statute), Purdue changed the service of process address for its non-equity general partner to...
March 28, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
US government shutdown
Lawmakers to vote on stopgap measure to fund US government until March
...Johnson has defended the latest deal, which includes $10bn in cuts to the Internal Revenue Service and claws back $6.1bn in Covid-19 relief funds, as providing “real savings to American taxpayers and real...
January 15, 2024
FT Magazine
Battle for the American West
...The bureau, an agency within the Department of the Interior, which protects America’s natural resources, manages nearly a quarter of a billion acres — some 10 per cent of the US landmass — including public...
April 13, 2024
Gillian Tett
A rotten system for sovereign debt restructuring needs fixing
...Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates Flaws in New York State’s well-intended debt plan / From Leland Goss, Managing Director and General Counsel, International...
March 7, 2024
Airlines
US airlines under fire for raising baggage fees again
...The rule, United said, “appears to be a solution in search of a problem”....
March 10, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Rescue operations were being carried out “on the surface of the water, subsurface” and “on the deck of the ship itself”, said Baltimore fire department chief James Wallace....
March 27, 2024
US immigration
New York files $708mn lawsuit over migrants bussed from Texas
...The bus companies had earned millions of dollars in revenue by assisting Abbott, the filing claimed, violating a New York law that requires those who bring “a needy person from out of state” to “convey such...
January 4, 2024
Due Diligence
Czech’s in the Royal Mail Premium content
...He previously worked at Global Counsel and served as a foreign service officer for the US state department....
April 18, 2024
Transcript
Transcript: Is there a way out of Haiti’s nightmare?
...and the United States....
March 14, 2024
News in-depthWar in Ukraine
Ukraine hurries to fill US funding gap
...“We have pretty much reached our capacities — all the internal resources are being used to finance the army,” said Roksolana Pidlasa, chair of Ukraine’s parliamentary budget committee....
March 10, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Wildfires
Texas battles second-largest wildfire in US history — in winter
...Texas is battling the largest wildfire in the history of the state and the second largest on record in the US, as a series of blazes ripped across the state’s north-west in unusually dry conditions after...
March 4, 2024
Financial services
Saudi-backed fund hit as UAE oil storage Spac runs into trouble
...business foundation and state-of-the-art facilities”....
December 22, 2023
Apple Inc
US accuses Apple of building smartphone market monopoly in antitrust case
...The landmark lawsuit filed on Thursday in federal court in New Jersey by the US Department of Justice, along with a bipartisan group of 16 state and district attorneys, accuses the group of imposing contractual...
March 21, 2024
News in-depthDrug trafficking
How Mexico stymied America’s war on drugs
...“Mexico’s interests are not the United States’ interests on this topic,” said Carlos Pérez Ricart, an author of a book on the DEA in Mexico....
April 5, 2024
Letter
Letter: IRS is right to avoid allure of unworkable tax schemes
...Untold resources would have to be devoted to creating systems for Americans to appraise their illiquid assets and for the Internal Revenue Service to then defend those assessments....
February 16, 2024
Accounting & Consulting services
McKinsey and BCG warn staff face jail if they reveal Saudi work
...“We want to determine what work these companies have done and are doing that allows a foreign sovereign to use instruments of commerce in the United States to increase its influence within our shores, and...
February 6, 2024
Cryptofinance
New York regulators threaten crypto’s festive spirit Premium content
...The Internal Revenue Service’s Criminal Investigations unit published its “top 10” cases of the year, which included four crypto fraud schemes....
December 15, 2023
Michael Strain
Protectionism is running amok in the US
..., and support for America’s allies, the rule of law and economic freedom....
March 18, 2024
The FT ViewThe editorial board
Governments need to become more productive
...America’s Internal Revenue Service, for example, recently announced plans to use AI to collect unpaid taxes....
October 29, 2023
UK insurance industry
Lloyd’s brokers settle with US DoJ over Ecuadorean bribery scheme
...for securing lucrative contracts, and kickback for themselves,” said Jim Lee, chief of the Internal Revenue Service’s criminal investigation division....
November 21, 2023

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