Top headlines from across today’s paper
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FINANCIAL TIMES
Saturday, 23 November 2024
 
 
 

Top Headlines from the UK Edition

 
 
 
Donald Trump picks Scott Bessent as Treasury secretary
 
Hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs
 
 
How long will Trump’s honeymoon with the stock market last?
 
Equities investors seem unfazed by the risk that tariffs and tax cuts will push up inflation and deficits. But fears are rising
 
 
UK signals it would arrest Netanyahu if he travelled to the country
 
Government says it will ‘always comply’ with international legal obligations after ICC warrant issued for Israeli prime minister
 
 
Amazon pumps another $4bn into AI start-up Anthropic
 
Tech group doubles total investment to $8bn as generative artificial intelligence race intensifies
 
 
Northvolt chief warns of faltering green transition after battery maker’s bankruptcy
 
Europe’s best-funded start-up raised $15bn but was left with just $30mn in cash
 
 
 

Top Headlines from the International Editions

 
 
 
‘Sigh of relief’: Wall Street welcomes Donald Trump’s pick of Scott Bessent for Treasury secretary
 
Nomination of hedge fund investor follows tumultuous fight for the top US economic post
 
 
Leveraged hedge funds magnified August market sell-off, Fed says
 
US central bank report pins blame for trading volatility partly on investors that had taken on too much debt
 
 
Italian cheesemakers stockpile in US over fear of Trump tariffs
 
Exporters of dairy and olive oil made in Italy face shipping and storage crunch in run-up to Christmas
 
 
EU’s top central bankers warn economy at risk from political paralysis
 
ECB president and governors of Bundesbank and Banque de France issue warnings over lack of reform
 
 
António Costa: ‘Why would Trump want a trade war with Europe?’
 
The new president of the European Council on doing business across political divides, facing a corruption investigation — and why Europe works best in a crisis
 
 
 

Markets

 
 
 
Strong dollar set to hit emerging market bonds, warn investors
 
EM debt funds suffer outflows as hopes of rate cuts by developing nations fade
 
 
Thames Water faced with £100mn bill from creditors’ advisers
 
Fees represent an additional drain on finances of troubled UK utility as customer bills are set to rise
 
 
Early Revolut investors cash out at least $300mn in share sale
 
Buyers of UK fintech’s stock include wealthy Goldman Sachs clients
 
 
Insurers told to speed up bereavement claims
 
FCA review shows some firms take up to four months
 
 
Brookfield commits £900mn to backstop Canary Wharf refinancing
 
Canadian asset manager agrees to provide equity commitment if landlord cannot pay off bonds
 
 
 

Companies

 
 
 
Ripe for a turnaround: Mulberry and Burberry chart a new course
 
UK luxury stalwarts each embarking on turnarounds under new bosses
 
 
Thales denies allegations by UK and French agencies over suspected bribery
 
Serious Fraud Office and Parquet National Financier open joint probe into arms contract in Asia
 
 
French fight tests limits of football’s hottest investment trend
 
Olympique Lyonnais owner John Textor at odds with regulators over team finances and multiclub ownership model
 
 
Takeover bid for Yorkshire Post owner sparks dispute with majority shareholder
 
National World shares jumped 27 per cent on Friday despite its clash with Media Concierge after tabling of £56mn offer
 
 
Banks and private credit: best of frenemies?
 
Morgan Stanley doesn’t want us to look where it’s pointing
 
 
 

Opinion

 
 
 
The unravelling of the international legal order