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Western business, the Kremlin and the war
Raiffeisen Bank trumpets Russia growth plans in dozens of job ads
...It is under scrutiny by officials at the US Treasury department and has come under pressure from the European Central Bank to pull out of Russia....
April 16, 2024
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
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
EY
Staff in EY’s deals unit hit out at bosses after job cuts and sales slump
...amid a slowdown in demand for some of their services....
March 10, 2024
Philanthropy
Treasury considers UK tax reforms to boost philanthropy
...But she conceded that increasing the amount of money claimed through the scheme would hit Treasury tax revenues....
April 4, 2024
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
UK local government finance
Hunt pulls £200mn from councils after clawing back house sale funds
...Whitehall insiders said internal calculations submitted to the Treasury showed that the policy delivered £180mn-£200mn a year to local housing budgets....
March 7, 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 Inflation Reduction Act
Georgia governor says Biden subsidies are hurting state’s booming economy
...The federal Treasury department said this week that Georgia had received almost $15bn worth of clean-energy project investments since the IRA passed in August 2022....
February 18, 2024
Tax
HMRC’s struggles pose ‘a threat to tax compliance’
...On Wednesday, Jim Harra, HMRC’s chief executive, told the Treasury select committee that discussions about additional funding for the department had been positive and constructive but he is yet to receive...
April 26, 2024
US Treasury bonds
Hedge fund groups sue SEC to challenge Treasury dealer rule
...The dealer rule is part of a broader push by Treasury market regulators — including the SEC, the Treasury department, the Federal Reserve and others — to increase regulatory oversight and improve stability...
March 18, 2024
News updates from April 19: Israel launches retaliatory strikes against Iran; S&P 500 falls for third straight week
US announces sanctions over West Bank violence against Palestinians
...The Department of State on Friday said it was designating Ben Zion Gopstein, the founder and leader of Lehava, over his organisation’s role in acts or threats of violence against Palestinians....
April 19, 2024
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...accounting for 31 per cent of the total revenue....
April 20, 2024
Personal Finance
Loan charge deadlock traps tens of thousands
...Some feel there are echoes of the Post Office scandal in the way individuals have been pitted against the might of the state....
April 5, 2024
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
Martin Wolf
The UK needs a reform road map to avoid stagnation
...Part of this will involve the creation of a department tasked with developing the view outlined above and ensuring that the spending of departments fits within the agreed overall direction....
April 15, 2024
News updates from April 1: Israel accused of air strike on Iranian embassy; US manufacturing sector expands for first time since 2022
UPS replaces FedEx as main air cargo provider for US Postal Service
...FedEx moved most of the United States Postal Service air cargo nationwide....
April 1, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
News in-depthUK infrastructure
Rail chaos prompts fresh calls to nationalise England’s West Coast line
...In 2020 the government shifted from a franchised system to one of management contracts, in which it took on revenue risk and became far more prescriptive about the services required from operators, who in...
April 15, 2024
Energy Source
The ripple effects of the electric vehicle revolution Premium content
...This week, the International Energy Agency released hundreds of pages of reports on the state of electric vehicles and batteries. We sum up our three biggest takeaways....
April 25, 2024
Post Office scandal
HMRC gave Fujitsu £1.4bn in new contracts after landmark 2019 Post Office court case
...The committee of MPs wrote to HM Treasury and public bodies linked to the department last month to request details of their contracts with Fujitsu....
February 10, 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
UK Budget 2024
Chancellor sets out £3.4bn plan to boost NHS productivity
...Hunt’s announcement marked a significant change in approach from the Treasury, which has in the past shut down proposals for capital injections into the NHS that the Department of Health and Social Care...
March 6, 2024
Transcript
Transcript: Is there a way out of Haiti’s nightmare?
...and the United States....
March 14, 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
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
War in Ukraine
US and UK launch crackdown on Russian metals trade
...It also prohibits the provision of warranting services for the metals and bans services to acquire the metals as part of the physical settlement of a derivative contract....
April 12, 2024
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

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