Visa and Mastercard face regulatory ‘remedies’ over lack of competition
The UK payments regulator has warned Visa and Mastercard it will introduce “remedies” to tackle a lack of competition and ...
Tech cash flows to the US and VinFast slashes prices
In his speech to Congress on Tuesday, Trump touted the $1.7tn in foreign investment pledges the US has received in the past few weeks, namechecking tech companies including SoftBank, OpenAI, Oracle, ...
Barclays to pay out up to £7.5mn to customers after 3-day IT outage
Barclays expects to pay up to £7.5mn in compensation to customers after an outage at the UK bank meant that more than half of its payments failed over a three-day period last month.
Seven & i set to list North American 7-Eleven store business
Seven & i, the Japanese retail giant, is planning to list its 7-Eleven store business in North America and launch a massive share buyback, as it faces a $47bn takeover attempt by Canada’s Alimentation ...
Schroders ‘needs to do better’, says new chief
Schroders’ new chief executive said “the business isn’t broken but it needs to do better” as he outlined plans to save hundreds of millions of pounds in costs as part a strategy aimed at restoring the ...
Air France-KLM targets ‘unbelievable’ spending of American travellers
US and European airlines have reported that high-spending holidaymakers are replacing corporate travellers in their most expensive seats. But Smith said Air France’s links with Paris, a city ...
The Trump put is bad
IP is facing similar pressures, and is also threatened by retaliatory tariffs. Meanwhile, Trump’s tariffs have caused the cost of lumber to go up, squeezing both companies’ bottom lines. Lumber ...
The UK’s inflationary basket case
There is no apparent rhyme nor reason to why the guidance is sometimes spread out across columns, nor is there anything resembling a consistent style to how things are written. It very much feels like ...
FirstFT: Macron opens debate on ‘nuclear sharing’ with European allies
Also in today’s newsletter, US government spending on consultants and Trump hands carmakers reprieve from tariffs ...
Transcript: The Trump bump on Canadian politics
The tariff dance takes yet another step and BlackRock is getting into the ports business. Plus, Donald Trump has given new life to Canada’s ruling party. Eric Platt Donald Trump started to kind of ...
How much does Brookfield really make?
One of the world’s most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its ...
Trump administration to expand blitz against spending on consultants
The Trump administration is widening its assault against government spending on consultants, after an Elon Musk-led ...