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Moves by Western nations to cut trade ties with Russia are the subject of the Financial Times front page. The paper reports that the G7 countries have revoked Russia’s status as a “most-favoured nation”, which normally allows it to trade goods on preferential terms. It also reports the US President Joe Biden has warned Russia will pay a “severe price” should it use chemical weapons in Ukraine. A picture shows Ukrainian soldiers operating an artillery gun as the battle against Russian forces continues.

Financial Times Front Page 5th of February 2026

Security officials warn a hostile state’s spacecraft has intercepted European satellite signals, risking exposure of unencrypted command data vital to defence and infrastructure. The UK and allies are pushing rapid encryption upgrades and tighter space monitoring to protect networks.

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Financial Times Front Page 4th of February 2026

Police have opened a criminal inquiry into Lord Mandelson’s dealings with Jeffrey Epstein, examining claims sensitive information was shared while he held government roles. Mandelson has resigned from the Lords. Starmer called the conduct disgraceful and urged full co‑operation.

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Financial Times Front Page 2nd of February 2026

Emails reveal Peter Mandelson advised Jeffrey Epstein that JPMorgan should pressure the UK over the 2009 bankers’ bonus tax, urging contact with the chancellor. He says he sought to protect jobs and investment. Labour is under pressure to address the revelations.

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