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One thing to start: Two of the most influential proxy advisers have counselled Credit Suisse shareholders to vote against a motion to absolve executives and board members from blame for the multiple scandals afflicting the Swiss lender. Saying auf Wiedersehen to German banks In February 2020, as disappointing revenue growth, negative interest rates and the
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This is an audio transcript of the FT News Briefing podcast episode: Volkswagen’s U-turn Marc Filippino Good morning from the Financial Times. Today is Wednesday, April 13th, and this is your FT News Briefing. [MUSIC PLAYING] US banks are out with quarterly earnings this week. We’ll get a preview from FT US banking editor Josh
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Gideon Rachman’s “Strongman syndrome” article (Life & Arts, April 2) damns Boris Johnson, the UK prime minister, by crude association with the likes of Vladimir Putin and Recep Tayyip Erdogan claiming “even in the UK, Boris Johnson’s plan for ‘Global Britain’ draws on nostalgia for a period when Britain was a great imperial power rather
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With thousands of protesters on the streets of Colombo, soaring food and fuel prices and this week the first-ever suspension of government bond payments, Sri Lanka’s escalating economic crisis has shaken the governing Rajapaksa family’s grip on power. But while demonstrators accuse Gotabaya Rajapaksa of mismanaging the economy, the president’s elder brother, prime minister Mahinda
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The formation of the International Sustainability Standards Board and the publication of their new proposals (Report, April 1) is a welcome step in a landscape of well-intentioned but increasingly uncoordinated, complex and nationalised taxonomies. As the recent Intergovernmental Panel on Climate Change report once again reiterates, the time is indeed “now or never” for action,
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The US will extend a public transportation mask mandate for 15 days while the country’s top public health agency monitors a recent rise in coronavirus cases. The federal mandate, which requires travellers on public transport including aeroplanes, trains and buses to wear masks, was set to expire on April 18. “In order to assess the
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Fears about the outlook for global economic growth among large institutional investors have risen to their highest level in more than a quarter of a century, as Russia’s war in Ukraine enters its third month. A net 71 per cent of fund managers in March said they expected the global economy to weaken over the
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Finnish telecom equipment maker Nokia is exiting the Russian market permanently, becoming the latest western company to distance itself from the Kremlin and plan for a future in which sanctions persist. “For us, it has been clear since the beginning of the invasion that it is not going to be possible to continue our presence
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Sri Lanka’s finance ministry has suspended payments on its government bonds, breaking what it called its “unblemished record of external debt service since independence in 1948” in a deepening economic and currency crisis. In a statement on Tuesday, the ministry said keeping up with repayments had “become impossible”, adding that “although the government has taken
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