Greece and Spain are under intense pressure from their EU and Nato allies to provide more air defence systems to Ukraine, as Kyiv prepares to demand more aid at a meeting of EU foreign and defence ministers on Monday.
The Indonesia Investment Authority (INA) is in talks over potential investment in the electric vehicle ecosystem and geothermal energy, and is providing financing for early retirement of coal-fired power plants, chief financial officer Eddy Porwanto told the Financial Times.
US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates.
Indices in Europe and Asia fell sharply, following Monday’s steep declines on Wall Street after strong US retail sales figures that suggested the Federal Reserve might cut rates this year by less than previously thought
The UN’s World Meteorological Organization this week sounded a “red alert” as it affirmed 2023 as having been the hottest year on record. It pointed to unprecedented surface and ocean temperatures, glacial retreat and rising sea levels. Jim Skea, head of the UN’s Intergovernmental Panel on Climate Change, told an FT conference last week the world was in “unknown territory”
The deal has been marred by delays, facing investigations by the US Securities and Exchange Commission and federal prosecutors.
Estée Lauder shares notched their biggest one-day drop on record after the US cosmetics group slashed its profit outlook due to a slow recovery in Asia and also warned of an almost $ 80mn hit to earnings from disruption caused by the Israel-Hamas war.
US president Joe Biden has called for a “pause” in the fighting between Israel and Hamas in order to help free hostages held in Gaza.
South Africa’s Treasury has warned that the country’s stagnant economy has left the government with far less tax revenue than planned, leaving President Cyril Ramaphosa with difficult choices ahead of next year’s crunch election
Two people familiar with the discussions told the Financial Times that the Paris-based organisation pressured Australia’s ruling Labor government to drop a crucial part of a new finance bill that would have required some multinationals to publicly disclose their country-by-country tax bills.
