Bank of England regulators have warned lenders about “gaming the rules” with capital arbitrage transactions via their pension schemes, a move largely directed at Barclays, which has used such deals to boost its capital level. On Wednesday, the Prudential Regulation Authority released a strongly-worded statement criticising the use of “deficit reduction transactions with their defined-benefit
0 Comments
Microsoft was once the primary target of Big Tech antitrust cases, narrowly avoiding having to split into two companies at the end of the 1990s when it was taken to court for making it difficult for customers to uninstall Internet Explorer in favour of other browsers. The company eventually settled with the US Department of
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: AQA Physical Geography 3.1.6 Ecosystems under stress This article is about Costa Rica. It looks at the issues of sustainability and ecosystems under pressure due to economic development, particularly with relationship to housing development,
0 Comments
Stellantis shareholders have rejected a proposed €19mn pay package for the carmaker’s chief executive Carlos Tavares and remuneration for other managers after an outcry from a minority investor and some French unions over excessive payouts. Just over 52 per cent of investors voted against the remuneration report of the world’s fourth biggest carmaker at an
0 Comments
More than 250 people have been killed in severe flooding in South Africa, officials said on Wednesday, a day after heavy rains swept away roads and houses and disrupted shipping from the continent’s biggest port. The death toll in the floods in Kwazulu Natal, South Africa’s second-most populous province, makes it one of the worst
0 Comments
Chess 2477 It’s mate in six at most by 1…Qxf1+! 2 Kxf1 d2+ 3 Kg2 Bc6+ 4 Qd5 Bxd5+ 5 e4 Bxe4+ 6 Kg1 d1=Q mate. Chess 2476 1 b4! Kxc4 2 Nf4! g6/g5 3 Rc7 mate. Chess 2475 1…Nxc3?? 2 Qxe6+! fxe6 3 Bg6 mate. An elegant double bishop mate. Chess 2474 1 Qxa3+ Ra4
0 Comments
American Vintage wool hoodie, €195. Prada wool trousers, £1,400, and jacquard knitted shorts, £1,250. Comme des Garçons Play x Converse cotton Chuck ’70 sneakers, £130. Neckpiece, stylist’s own Furniture throughout, Memphis Milano. Ettore Sottsass metal Treetops floor lamp, 1981, €2,590 Hermès perforated technical-cotton canvas Quadrige shirt, €1,530. Isabel Marant cotton Carello trousers, £325. Edhèn raffia and brass Brera shoes, €450. Etro leather and cabochon-stone
0 Comments
In a mountainous part of central Bosnia-Herzegovina, the town of Konjic has a long history of decorative woodcarving. “At one point there were 36 woodcarving workshops,” says Orhan Niksic, a former senior economist with the World Bank, whose great-grandfather founded a workshop in Konjic in the late 1800s. “By 2014, we were the only ones
0 Comments
Ukraine’s finance minister recently sent out an SOS to the west asking for emergency funding. The Institute of International Finance has had a stab at estimating just how bad the situation is. Its economists stress that there is obviously “an extraordinary level of uncertainty”, with the brutal war still ongoing, but reckon that Ukraine’s gross
0 Comments
At first, I assumed that the senior investment banker I was meeting for lunch at his posh private members’ club in Mayfair was joking. “There are no chief executives in Germany,” quipped the specialist in merger and acquisitions advisory. I wondered if he was referring to the fact that the current crop of German chief
0 Comments