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Energy giant Exxon Mobil has launched legal action against the EU to block its plans to put a windfall tax on oil company profits, is the lead story in the Financial Times. The paper reports the company is challenging the bloc’s right to impose a tax, as this is a power historically reserved for countries, as well as its use of emergency powers to secure EU member states’ approval for the levy.

Financial Times Front Page 3rd of December 2024

NATO’s secretary-general has warned that a suboptimal peace agreement imposed on Kyiv could pose a significant threat to the security of the United States, emphasising the importance of a steadfast and strategic approach in supporting Ukraine against Russian aggression.

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