Some of the world’s largest asset managers are clamouring for a slice of the action after China announced plans this month to push more of the country’s vast pool of household savings into financial markets. Under the new schemes, employees will be able to contribute up to Rmb12,000 a year ($1,860) to private pension plans,
0 Comments
It was barely two weeks after Carillion’s 2018 collapse that the head of the accountancy watchdog — a body accused of being “useless” and “toothless” — called for an overhaul of the audit market. There was plenty of blame to go around. The construction company’s demise had left tens of thousands of staff facing redundancy,
0 Comments
The US dollar surged to its highest level in two decades on Thursday as investors ramped up bets that aggressive interest rate rises from the Federal Reserve will leave other big central banks trailing far in its wake. The dollar index, a gauge of the US currency’s strength against a basket of other developed world
0 Comments
Rishi Sunak, UK chancellor, has launched a consultation on radically changing the rules governing insurance companies, with the aim of allowing them to invest tens of billions of pounds more in infrastructure — including green energy. The government argues that reform of the EU’s Solvency II rules — and their replacement with a British regulatory
0 Comments
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. It is part of a special Climate Change for Schools report. Specification: IB DP TOK themes & AOKs The arts, History Relevant BQ Spin Key terms and ideas Represented, Contextualising, Unknown, Dynamics Investigating Issues decolonisation Exhibition
0 Comments
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Living costs, inflation, economic welfare, real wages Click to read the article below and then answer the questions: Cabinet split on plan to cut UK food tariffs as grocery bills rise 5.9% What is meant
0 Comments
“Sent from heaven to finish all your educations” was how Walter Sickert defined himself in 1907 to young British artists. Aged 47, he had just completed his own education: a decade living between Dieppe and Venice, exhibiting in Paris, honing influences from his mentors, Whistler and Degas, before detonating European modernism in a domestic context
0 Comments
Welcome back to Energy Source! Russian president Vladimir Putin opened a new front in the energy war with the west, cutting off gas supplies to Poland and Bulgaria after the countries refused Moscow’s demand to shift payment into roubles. The move sent gas futures on the continent soaring by as much as 20 per cent,
0 Comments
Over the past year, I’ve been captivated by photos taken of Bella Hadid on the streets of Paris and New York. I couldn’t pinpoint why until it recently clicked: Hadid looks like someone who is having fun with clothes, and I haven’t thought of fashion as fun for at least two decades. The American model’s style
0 Comments
Number 30 Charlotte Street is holy ground for London’s restaurant cognoscenti. It was, from some point in the mid-Neolithic until well into this millennium, the site of L’Etoile, a traditional French restaurant commanded by the charismatic Elena Salvoni. It had run its course by the time it closed, but it is still wonderful to see
0 Comments
Sophisticated trading desks and compliance departments on Wall Street are facing renewed scrutiny following the arrest of Bill Hwang on federal racketeering, fraud and market manipulation charges. Hwang, 58, and former chief financial officer Patrick Halligan, 45, were yesterday accused of using Archegos Capital Management as an “instrument of market manipulation and fraud” with “far-reaching
0 Comments
EY Germany is planning to cut workloads as it overhauls its auditing practices following the failure to spot that half of Wirecard’s revenues and billions of corporate cash did not exist. The German arm of the Big Four accounting firm on Thursday promised staff “an improvement of working conditions” after receiving the recommendations of an
0 Comments