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The Latest Breaking News from the Financial Times

EU Probe of Chinese Steel Will Disrupt Global Supply Chains, China Warns

Commerce Ministry blasts subsidies investigation that’s expected to be part of a U.S.-EU deal to end Trump-era tariffs on European steel

Caixin Global

92-year-old billionaire behind Formula One just admitted to being a tax fraud to the tune of £652 million

Bernard Ecclestone is paying about $793 million for decades of tax fraud.

Fortune

India and Canada held ‘secret meeting’ after eruption of diplomatic row – report

‘Back-channel meet’ may have been first instance of discussions since bitter diplomatic feud began

The Independent UK

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New exposé around the corner? Adani Group slams Financial Times for ‘next attack’

Perhaps preempting a new story on its operations, the Adani Group issued a statement yesterday lamenting a “renewed attempt” by the Financial Times “to rehash old and baseless allegations to tarnish the name and standing of the Adani Group”.

Newslaundry

Wealth management arm of Crispin Odey group to be wound down

Odey Asset Management was thrown into turmoil after allegations of sexual misconduct against its founder

The Guardian - UK

Belgian intelligence scrutinising potential security risks of Alibaba warehouse

The Belgian intelligence service has confirmed a report by the Financial Times saying it was looking into potential espionage at the main European logistics centre for Chinese tech giant Alibaba. The warehouse mostly handles goods shipped to European customers from the company's e-commerce site Ali Express. Intelligence officials said the…

France 24

India, Canada in conversation on parity of diplomatic staff: MEA

The official’s remarks came days after the Financial Times reported that New Delhi has asked Ottawa to withdraw 41 of its diplomats stationed in India by October 10.

The Hindu

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Justin Trudeau says Canada not trying to escalate diplomatic crisis

Canada has 62 diplomats in India and India had said that the total should be reduced by 41, according to a report

The Hindu

'Finally some truth': Brexit checks to cost UK firms £330million a year, Tories admit

BORDER checks brought in after Brexit will cost UK businesses £330 million a year, the UK Government has admitted ...

The National (Scotland)

Serbia pulls some troops back from Kosovo border after warning from US

Serbian president, Aleksandar Vučić, announces move after US threatens punitive measures over buildup of troops

The Guardian - UK

Linda Yaccarino has a coveted gig – but Elon Musk would never give her control

The glass cliff – the phenomenon in which women are more likely to be promoted when an organization is in crisis – is claiming its latest victim

The Guardian - US

Financial Times returns to profit despite print circulation cut

The FT said it had “work to do in relation to race” after a rise in senior ethnic minority employees quitting the firm and an increase in its ethnicity pay gap

Evening Standard

Wall Street's most powerful woman has a brutal message for staff resisting the company's overhaul

Jane Fraser reportedly told staff if they're not on board with her plan, they need to get off her proverbial train.

Fortune

Russia appears to have found a way to circumvent $60/barrel price cap sanction on crude oil exports

Shipping and insurance records examined by the Financial Times suggest almost three-quarters of Russia's seaborne crude can be sold at full price just when a barrel is nearing $100.

Fortune

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Salon

Carlson says Russia show is news to him

Russian state TV teases new Tucker Carlson show without his knowledge

Fortune

Carl Icahn thought the inflation of 2022 was just like the fall of the Roman Empire. He's not the only billionaire with ancient Rome on the mind

A TikTok with over 1 billion views argues that men think about the Roman empire a lot—and gloomy billionaires are no exception.

The Guardian - UK

Opera actor, 82, furious with critic for saying she looked a fright on first night

‘The “fright” look is all naturally mine,’ riposted Rose Knox-Peebles after FT reviewer assumed she had makeup on in Das Rheingold

Fortune

Warren Buffett's advice to Amex CEO during COVID chaos

Warren Buffett had some advice for American Express CEO Steve Squeri at the start of the pandemic.

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news in one place.

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The National (Scotland)

Keir Starmer 'rejects' plans for 'Macron's onion' to bring UK closer to EU

KEIR Starmer has been called out for “bluff and bluster” over his apparently shifting stance on relations with the EU.

The Guardian - UK

Oil hits $95 per barrel; CBI postpones annual meeting amid ‘cashflow challenges’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

The National (Scotland)

Expert: Keir Starmer's plans for 'better Brexit' are vague and insubstantial

KEIR Starmer’s claims he could secure a better Brexit deal for the UK are insubstantial and vague, according to the head of a leading think tank.

The National (Scotland)

Keir Starmer branded 'delusional' as he insists he can get better Brexit deal

KEIR Starmer has pledged a major rewrite of the UK’s Brexit deal – insisting he had an “an utter determination” to make Brexit “work”.

France 24

Questions swirl around Xi’s motives after a second top minister disappears in China

Chinese Defence Minister Li Shangfu has not been seen in public for more than two weeks. The disappearance of this top official close to President Xi Jinping comes two months after that of now-former foreign affairs minister Qin Gang, and follows the dismissal of a pair of influential military generals.…

Reason

In South Korea, Robots Are Taking Robots' Jobs

Our robo-worker future won't put an end to this annoying labor-policy debate.

Fortune

JPMorgan CEO Jamie Dimon thinks the risk-reward calculus on China is just 'okay'

A sluggish economic recovery and new regulations are making life difficult for the Wall Street bank.

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