Finance

The UK tax system is an irrational mess, but that suits the politicians

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Abu Dhabi paid for Nigel Farage to travel to the United Arab Emirates in December to meet senior officials, a move that underscores growing international interest in the populist politician. The emirate, led by UAE … Read more

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump has said he wants to ban big investors from buying single-family homes in the US, posing a challenge to private capital groups that invest heavily in real estate. “I am … Read more

Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Zilch has secured a European banking licence by purchasing a Lithuanian lender, in a bid to accelerate the $2bn fintech’s international expansion ahead of a potential IPO. The London-based fintech, which provides consumer credit services, has … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has slashed its estimate of the cost to business of its flagship reforms to workers’ rights to £1bn, saying it now believes it is “highly unlikely” that the previous worst-case scenario of … Read more

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US will seek to control Venezuelan oil sales “indefinitely” and funnel proceeds to American banks as Washington steps up its efforts to shape the resource-rich nation days after the capture of Nicolás … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Chris Hohn’s hedge fund TCI surged 27 per cent last year as it profited from big bets on the aerospace sector, helping to solidify the British billionaire’s place as one of the world’s best-performing … Read more

Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Warner Bros Discovery has rejected Paramount’s $108bn hostile bid as “inadequate” despite a personal pledge from Oracle co-founder and billionaire Larry Ellison to backstop financing for the takeover. In a letter to shareholders released on Wednesday, … Read more

Carabobo, in the heart of Venezuela’s Orinoco belt, is one of the world’s largest oilfields and was expected to pump 325,000 barrels of crude a day this month — more than a third of the country’s entire oil production.  Instead the field, operated by the state-owned Petróleos de Venezuela (PDVSA), is languishing. Internal projections seen … Read more

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US has launched an operation to seize a Russia-linked tanker in the north Atlantic, after a previous bid failed as it sailed to Venezuela, according to a UK official. The Marinera, an … Read more