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The Financial Times reports that German payments group Wirecard’s core business in Europe and the Americas has been loss-making for years “despite portraying itself as a highly profitable business”. The group collapsed into insolvency last month after revealing that €1.9bn (£1.7bn) in its accounts probably did “not exist”.
Financial Times Front Page 12th of February 2025
Trades associated with Trump have encountered setbacks as the dollar weakens and bond yields dip, inflation worries subside, and investors shift focus to broader economic consequences.
Financial Times Front Page 11th of February 2025
According to a leading BoE figure, anticipated job losses may temper inflation by curbing consumer demand, prompting a watchful stance over future rate decisions.
Financial Times Front Page 10th of February 2025
US and China appear poised for a heightened trade conflict as retaliatory tariffs on billions of dollars’ worth of American goods raise international economic concerns, prompting warnings of further escalation.