Financial Times

The Financial Times reports the EU will call on the US to form a new global alliance as it hopes to bury the tensions of the Trump era. 

Philip Green’s Arcadia is preparing to enter administration, putting hundreds of shops and more than 13,000 jobs at risk, the Financial Times reports. 

The Financial Times writes about a criminal investigation into a digital payments company based in Germany.

There is long-term COVID pain ahead, according to the Financial Times, as borrowing hits £394bn.

The University of Oxford and AstraZeneca are boosting hopes the coronavirus can be beaten, according to the Financial Times, which reports the partnership vaccine is due to be submitted for regulatory approval “immediately”. 

The chancellor will raise public spending significantly on schools and the police in Wednesday’s Spending Review, the Financial Times reports.It comes after Rishi Sunak told Sky News there will be no return to austerity but hinted at a future public sector pay freeze.

The Financial Times says the UK is betting £375m of taxpayers’ money in a race to become a global satellite internet provider, competing with the likes of Elon Musk’s SpaceX and Amazon.

Brexit talks are to go online after a member of the EU negotiating team contracted COVID-19, heaping further pressure on an already tight timetable, the Financial Times reports.

The Financial Times looks ahead to next week’s financial statement, saying Chancellor Rishi Sunak is facing a “scary” assessment, according to allies.

The Financial Times writes Boris Johnson will set out details of a £12bn “green industrial revolution”.