Author: FT.com

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ECB quizzes banks over exposure to Greensill and Gupta

ECB quizzes banks over exposure to Greensill and Gupta

ECB quizzes banks over exposure to Greensill and Gupta Europe’s top banking regulator has asked the continent’s lenders for details of their exposure to stricken Greensill Capital and its key client GFG Alliance, as officials try to understand whether the crisis is contained, according to four people familiar with the matter. Greensill last week was...

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Switzerland votes in favour of ‘burka ban’ outlawing face coverings

Switzerland votes in favour of ‘burka ban’ outlawing face coverings

Switzerland votes in favour of ‘burka ban’ outlawing face coverings Swiss voters have narrowly approved a nationwide ban on face coverings that will outlaw full-face Islamic veils, despite opposition from the federal government and the Muslim community. With only a small number of votes left to be counted on Sunday evening, results showed about 52...

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Germany’s CDU rocked by pandemic procurement scandal

Germany’s CDU rocked by pandemic procurement scandal

Germany’s CDU rocked by pandemic procurement scandal German chancellor Angela Merkel’s centre-right bloc has been rocked by scandal after two of its MPs were forced to resign following disclosures that they had personally profited from government deals to procure coronavirus face masks. The resignations risk damaging the party ahead of two important regional elections next...

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Biden on brink of passing historic $1.9tn boost to US economy

Biden on brink of passing historic $1.9tn boost to US economy

Biden on brink of passing historic $1.9tn boost to US economy Joe Biden is on the brink of securing final approval from Congress for his $1.9tn stimulus bill — a bet that massive fiscal intervention aimed at lower and middle class families will speed up America’s recovery without overheating the economy. After the US Senate...

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Branson asks UK court to rule on value of Virgin brand

Branson asks UK court to rule on value of Virgin brand

Branson asks UK court to rule on value of Virgin brand Sir Richard Branson has asked a UK court to determine whether the pandemic undermined Virgin’s standing as “a brand of international high repute” in a $250m dispute with his former partner in a US train venture.  Virgin and Brightline, the first privately funded US...

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Wishful thinking on China will not serve American interests

Wishful thinking on China will not serve American interests

Wishful thinking on China will not serve American interests Years ago in Beijing, I interviewed the chief executive of a European clean tech company that was a market leader in China at the time. I asked the executive how he saw business going forward, and he said he felt optimistic — the company would be...

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Nazanin Zaghari-Ratcliffe faces new court case despite ankle tag removal

Nazanin Zaghari-Ratcliffe faces new court case despite ankle tag removal

Nazanin Zaghari-Ratcliffe faces new court case despite ankle tag removal Dominic Raab, Britain’s foreign secretary, has called on the Iranian government to end the “cruel and intolerable ordeal” endured by Nazanin Zaghari-Ratcliffe as she faced another court case – despite having her ankle tag removed on Sunday. Ms Zaghari-Ratcliffe, a charity worker, was jailed in...

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Germany urges EU to engage with Russia on climate change

Germany urges EU to engage with Russia on climate change

Germany urges EU to engage with Russia on climate change Germany has called for greater co-operation with Russia on climate change in a contentious new effort to restore frayed EU ties with Moscow. The European bloc should develop a “concrete and detailed strategy” on global warming as part of a broader attempt to “selectively engage”...

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Japan’s innovators seek their lost mojo

Japan’s innovators seek their lost mojo

Japan’s innovators seek their lost mojo Japan’s finance ministry has decided to tackle one of the great unanswered questions of innovation and finance. Can $100bn buy a nation back its mojo? In an effort to reignite Japan’s flame, the government revealed last month that it would establish the world’s largest university endowment fund in March...

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CFA under fire over job cuts and exam delays

CFA under fire over job cuts and exam delays

CFA under fire over job cuts and exam delays CFA Institute, the organisation that oversees the popular tests to become a chartered financial analyst, has come under fire from both staff and students after it culled about a fifth of its workforce and delayed examinations around the world. The Virginia-based group, whose members are widespread...