Finance

Finance

Strategic supplication is Europe’s only Trump policy

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Two words now sum up European policy towards Donald Trump’s United States: strategic supplication. The countries of Nato, including the UK, will render unto Caesar that which he declares to be his — … Read more

Finance

HSBC settles French dividend trade probe for €300mn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC has agreed to pay just over €300mn in fines and back taxes in France to settle a dividend fraud investigation as financial prosecutors pursue banks over “cum-cum” trades. HSBC will pay €267mn to French … Read more

Finance

No, Trump is not a fascist

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Is Donald Trump a fascist? The question is central to attempts to understand him. He has disappeared migrants into camps, sent troops into Democrat-run cities, “spread a message of violence” to try to … Read more

Finance

Nestlé risks SFr1bn sales hit from infant formula recall

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nestlé’s global recall of infant formula products could cost the company up to SFr1.2bn in lost sales and risk reputational damage to its brands, in a setback for new chief executive Philipp Navratil as he … Read more

Finance

The gangs, goons and guerrillas running swaths of Venezuela

Gun-toting paramilitaries terrifying civilians in the cities. Colombian guerrillas running drugs and gold along the borders. Military officers ruling their patches as personal fiefdoms. Venezuela, one of the world’s most murderous countries, is teeming with men with guns. The patchwork of criminal gangs, armed paramilitaries and rogue soldiers poses a major threat to President Donald … Read more

Finance

Primark owner ABF shares slide after profit warning

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Primark owner Associated British Foods has warned weak clothing sales in continental Europe would drag on annual profits, sending its shares down more than 10 per cent. In a trading update on Thursday — which … Read more

Finance

British business faces a rude activist awakening

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This is not a happy new year for Jonathan Simpson-Dent, chair of Edinburgh Worldwide Investment Trust (EWIT), which offers exposure to technology companies including Elon Musk’s SpaceX. He is the latest target of Boaz Weinstein, … Read more

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