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The lead story in the Financial Times reports on “one of the toughest challenges” to the $1.3tn crypto-currency industry as a popular digital coin, Tether, failed to maintain its promise of parity with the US dollar. The paper says the drop to a low of 95.11 cents is a threat to the wider stability of crypto markets and is leading to calls for regulation.

Financial Times Front Page 24th of May 2022

Rishi Sunak, the Chancellor, has directed officials to draw up plans for a possible windfall tax on more than £10bn of excess profits for electricity generators, including wind farm operators, on top of a tax on North Sea oil and gas producers.

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