German Chancellor Olaf Scholz is set to embark on a fresh attempt to deter Vladimir Putin from invading Ukraine after US officials warned Russia was on the brink of launching a major attack on its western neighbour, the Financial Times reports.
The US has warned a Russian invasion
of Ukraine could be launched
within days as President Biden summoned transatlantic leaders to discuss
the crisis and embassies stepped up
warnings for their citizens to leave Kyiv, reports the FT.
Ministers are closing in on a deal with City watchdogs to unleash what Boris Johnson has called an “investment big bang” as the PM seeks to prove that post-Brexit regulatory changes can boost the economy, reports the Financial Times.
Wall Street’s top regulator is seeking to
compel hedge funds and private equity
groups to disclose quarterly performance
and fees charged to investors as part of a crackdown on activities that are against the “public interest”, according to the Financial Times.
The Financial Times reports that BP’s executive has hit back at fresh calls for a windfall tax on profits after the oil company recorded its highest profit in eight years, warning that it would deter investment and delay Britain’s net zero ambitions.
The Financial Times reports that borrowing costs for southern Eurozone governments jumped close to pre-pandemic highs on Monday as investors adjusted to signs that the European Central Bank could raise interest rates as soon as this year in response to the global wave of inflation.
The Financial Times reports that Brussels is examining how to shield consumers from a potential energy crisis as part of plans to protect Europe’s households, businesses, and borders from the fallout of a Russian military escalation in Ukraine.
The Bank of England has warned that households face the worst squeeze on their disposable incomes for at least 30 years, reports the Financial Times.
The FT leads with a report that Chancellor Rishi Sunak and the Bank of England will work together to avert a “cost of living catastrophe”.
