Finance

Finance

Tighter visa rules will cost UK up to £10.8bn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s tightening of visa rules for skilled workers and care staff will carry a direct cost to the public finances of up to £10.8bn, according to the government’s impact assessment.  Higher skill and salary … Read more

Finance

Abu Dhabi’s Adnoc in deal talks over oil refinery at centre of US sanctions

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or … Read more

Finance

Exxon to slash low-carbon spending by a third

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ExxonMobil has slashed its planned spending on low-carbon projects by a third, as oil majors pare back clean energy initiatives.  The Texas-based company announced its 2030 strategy on Tuesday, outlining plans to lift earnings and cash … Read more

Finance

Trump is choosing the broligarchs over his base

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The days of censoring Americans online are over, said US secretary of state Marco Rubio. “The EU should be supporting free speech not attacking American companies over garbage,” vice-president JD Vance wrote on … Read more

Finance

Investors increase bets on ECB rate rise in threat to dollar

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Investors have increased bets that interest rates in the Eurozone could rise next year even as the US continues to lower borrowing costs, in a shift that could further weigh on an already … Read more

Finance

The significance of the next Fed chair choice

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is the Rene M Kern professor of practice at Wharton School, chief economic adviser at Allianz and chair of Gramercy Funds Management The immediate impact on markets of US President Donald … Read more

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