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British Land, one of Britain’s biggest commercial property landlords, said it was leasing space at the fastest pace in a decade as tenants bet on the future of work and shopping. The FTSE 100 group said on Wednesday that it had leased just under 4mn sq ft of space in its workplaces and retail and

Dear reader, Brussels describes it as a lightning dash into renewable energy. Wind power is tipped to expand by two-and-a-half times by 2030, under plans set out on Wednesday to reduce dependence on Russia’s fossil fuels. That is a boost for Europe’s wind turbine manufacturing industry. But it may not be enough to shore up its

Germany’s governing parties have decided to strip former chancellor Gerhard Schröder of his parliamentary privileges, as anger grows over his refusal to distance himself from the Kremlin despite the invasion of Ukraine. Schröder, a close friend of Russian president Vladimir Putin, is chair of the board of Russian oil giant Rosneft and has been closely

Your browser does not support playing this file but you can still download the MP3 file to play locally. Behind the Money is back with all-new episodes! From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the

CMA CGM, the French shipping group, is set to become a leading shareholder in Air France-KLM and will forge a partnership in air cargo with the carrier, part of a drive to expand its reach after a boom in its business during the pandemic. The Marseille-based container company, which in recent months has made investments

UniCredit and Commerzbank were on the cusp of merger talks this year before the Ukraine war scotched a deal that could have kickstarted European banking’s long-awaited cross-border consolidation wave.  Three people with direct knowledge of the matter told the Financial Times that in early 2022 UniCredit’s chief executive Andrea Orcel planned informal discussions about a

One thing to start: JPMorgan Chase shareholders have voted against the bank’s executive pay plan, delivering a stinging rebuke to chief executive Jamie Dimon and his management team. Deutsche Bank enlists an unexpected dealmaker after a decade of chaos For a lender that has spent the last 10 years battling scandals and shrinking assets, Deutsche

For many of the most seasoned professionals in the bond market, it feels like the end of an era. After a boom that has lasted at least three decades, the warning signs are everywhere. The highest levels of inflation in a generation and rising interest rates mean that yields are increasing, so bond investors can

US Treasury secretary Janet Yellen is stepping up talks with EU and G7 allies on a potential price cap or tariff on Russian oil, as Brussels struggles to reach a consensus among its member states on a full import ban. Yellen raised the Biden administration’s ideas during a visit to the European bloc’s leaders this

The cognitive impairment caused by severe Covid-19 is comparable with the decline that takes place between the ages of 50 and 70, according to a recent study by Cambridge university and Imperial College London. Researchers said the degeneration was equivalent to losing 10 IQ points. The findings, published earlier this month, were the latest in

China’s top economic official met dozens of executives and industry experts on Tuesday, pledging “support” for technology companies amid a deepening economic slump. Liu He, a vice-premier and President Xi Jinping’s closest economic adviser, said China “must support the platform economy, and sustain the healthy development of the private economy”. He added that China should

China’s cash-strapped local governments have been forced to divert funds from poverty alleviation and infrastructure to finance mass coronavirus testing as President Xi Jinping’s zero-Covid policy causes growing financial strains. An official in the north-eastern city of Jilin said authorities had earmarked a “significant” portion of state-backed funds intended to reduce poverty to buy PCR

Nathalie Thomas’s article (Report, May 9) highlights how UK households, to cover energy bills, are increasingly relying on credit cards, payday loans and “buy now pay later” financing schemes to make ends meet while they wait to get paid at the end of the month. Monthly payroll became popular for many reasons — greater predictability

The grace period for Sri Lanka to avoid defaulting on its foreign debt expired on Wednesday, as the government scrambled for dollars to top up depleted fuel supplies. There was no immediate confirmation of whether Sri Lanka had made previously missed payments due on two bonds. Asked in parliament about the deadline, Prime Minister Ranil

Walmart shares suffered the biggest one-day drop since the eve of the Black Monday stock market crash after the company cut its earnings guidance following a quarter in which it was wrongfooted by the rapid pace of inflation in the US. The share price reaction, a particularly severe one by the standards of typically less

US president Joe Biden denounced white supremacy as a “poison” running through American politics after blaming a “hateful and perverse ideology” for the deadly racially motivated mass shooting at a supermarket in Buffalo, New York. Biden arrived in the city on Tuesday morning for a hastily arranged visit to meet a predominantly black community in

Jay Powell said the Federal Reserve will continue tightening monetary policy until it sees “clear and convincing” evidence that inflation is coming back down towards the US central bank’s longstanding 2 per cent target. The Fed chair on Tuesday sought to affirm the central bank’s commitment to taming price pressures, saying restoring price stability was

Rishi Sunak has stepped up his warnings to Britain’s oil and gas industry that unless companies announce increased investment plans for the UK “soon” they face a potential windfall tax on their profits. The UK chancellor is under pressure from his political opponents — and some prominent members of his own Conservative party — to

UK government officials are demanding a “legally watertight” guarantee that Roman Abramovich will not lay claim to a roughly £1.5bn chunk of the proceeds from the sale of Chelsea Football Club, funds that have become a key source of tension that could scupper the planned deal. The club borrowed the sum from a Jersey entity