Brussels is to impose its first-ever fine on tech giant Apple for allegedly breaking EU law over access to its music streaming services, according to five people with direct knowledge of the long-running investigation.
Browsing: Financial Times
The Financial Times (FT) is an international daily newspaper focusing on business and financial news, analysis, and reports, with a global readership and a reputation for in-depth coverage of economic and financial matters.
The Financial Times leads on the news Britain has slide into a recession, noting the economy shrank 0.3% in the last quarter. The paper suggests it’s a blow to the prime minister’s promise of growth – and in an election year, it will prove to be another hurdle facing the Conservative party.
The Financial Times reports that Jeremy Hunt is considering “slashing billions of pounds from public spending plans” to fund pre-election tax cuts if he is penned in by tight finances in next month’s budget.
The front page of the Financial Times reports Nato is set to announce that most of its members are on track to hit the alliance’s defence spending target as it prepares for more Russian aggression and braces for the potential election of Donald Trump.
The lead story for the Financial Times reports that former US President Donald Trump has a strong lead over current US President Joe Biden on the topic of the economy. The economy is usually the main concern for US voters – along with immigration.
The front page of the business paper The Financial Times reports on Sir Keir Starmer’s U-turn on green pledges. The Labour leader has confirmed that if his party is elected to power at the next general election (expected later this year) they will slash the green spending plan due to ‘frail finances’ after 13 years of Conservative power.
The Financial Times reports on a £2.5bn deal by Barratt to purchase Redrow – a deal the paper says cements the company’s place as the UK’s largest house-building firm.
Federal judges in the US have ruled that Donald Trump cannot use presidential immunity in his election interference case.
The paper also leads with a picture of the King as it reports on the announcement of his cancer diagnosis.
Iranian petrochemical firms secretly used British front companies to obtain bank accounts with Lloyds and Santander in order to evade US sanctions.
Mounting losses from banks in the US, Asia and Europe have rekindled concerns about weakness in the US commercial property market.
FT – Washington not looking for war with Iran after deadly assault on US troops THE FINANCIAL TIMES SAYS Washington…
THE FT focuses on three US troops killed in a drone attack on a military base near the Syrian border. The deadly strike was carried out by “radical Iran-backed militant group” according to the White House.
The Financial Times splashes on the news that Paris is pressing Britain to help fund nuclear power projects in the UK being built by the French government-owned energy company EDF.
Britain’s flagship Hinkley Point C nuclear power plant has been pushed back again until 2029 at the earliest, according to the Financial Times.
Financial Times – Narrow voter ID rules expose Tories to claims of bias Conservative ministers have “opened themselves” up to…
The Financial Times says the world’s most successful hedge funds made their biggest profits in more than a decade last year as bets on stock markets paid off when share prices surged.
The Financial Times reports Chancellor Jeremy Hunt has hinted at more tax cuts in the months ahead as he left open the possibility of holding two budgets before the general election.
The Financial Times says stocks and bonds dipped in value on Wednesday as investors lost confidence in expectations of swift interest rate cuts in Europe, the US and UK.
The Financial Times says Rishi Sunak suffered the biggest revolt of his premiership over the Rwanda bill as dozens of MPs voted for an amendment seeking to toughen up the legislation.
The Financial Times says the government could save at least £20bn per year if it modernised IT systems, tackled fraud and reined in large projects such as HS2, the head of the National Audit Office.
The Financial Times says the government tried to block Fujitsu, the firm implicated in the Post Office scandal, from new public contracts in the early 2010s.
The FT leads with the Iranian navy seizing a tanker off the coast in Oman, amid tensions in the nearby Red Sea with assaults on vessels by Tehran-backed Houthi rebels.
The Financial Times reports that Rishi Sunak has promised a new law “within weeks” to overturn the convictions of sub-postmasters and sub-postmistresses involved in the Post Office Horizon scandal, the paper describes the legislation as “unprecedented”.
The Financial Times reports that, since 2019, when the Court of Appeal ruled that Fujitsu software had been at fault in the scandal, the technology company has been the joint or sole recipient of £4.9bn worth of government contracts.
