Shell plans to ditch its dual share structure and relocate its tax residence from the Netherlands to the UK – despite an 11th hour bid by the Dutch government to stop the move, according to the Financial Times.
Business groups joined climate activists in expressing frustration that national governments were not moving aggressively enough to tackle climate change, after the COP26 agreement was watered down in the final minutes, the Financial Times writes.
The Financial Times reports that former Barclays boss, Jes Staley, exchanged 1,200 emails with Jeffrey Epstein over a four-year period, according to people familiar with the correspondence between the two men.
China’s Communist party has passed its first “historical resolution” in 40 years, paving the way for President Xi Jinping to stay in office until at least 2028, reports the Financial Times.
US consumer prices increased at the fastest pace in three decades in October, according to the Financial Times, with Joe Biden’s administration reportedly “on the defensive”.
General Electric plans to break into three separate companies, ending its status as the “best-known US industrial conglomerate”, reports the Financial Times.
The Financial Times leads with the differing views of central bankers on the response to the global inflation surge.
French prosecutors have opened an investigation into Liberty Steel boss Sangeev Gupta’s business empire, amid allegations of “misuse of assets” and “money laundering”, the Financial Times reports.
The Bank of England has backed away from an immediate interest rate rise and left its benchmark at the historic low of 0.1%, despite publishing its highest inflation forecast in a decade, the Financial Times reports.
