Gunvor drops $22bn bid for Lukoil assets after US moves to block deal
Treasury calls Swiss trader โKremlinโs puppetโ and says it would block its licence to operate
Finanical Times [PayWall]
Germany moves to strip Dutch shipbuilder of lead role on warship project
Future Rheinmetall subsidiary NVL to explore taking over construction of flagship F126 frigate
Comcast holds talks about acquiring ITVโs television business
US media giant sees potential to create a leading streaming service in the UK
Ukraine jails Russian soldier for life for executing prisoner of war
Court issues its first judgment for the war crime of killing a serviceman who had surrendered
Ukraine fails to secure restructuring of controversial growth-linked bonds
Breakdown of talks with creditors comes as Kyiv seeks expansion of IMF bailout
Germanyโs Friedrich Merz backs protectionist measures on Chinese steel
Chancellor says higher tariffs, reduced quotas and preferential procurement are needed to shield struggling industry
War is pushing us to a drug resistance tipping point
Failure to prevent the rise and spread of infections in conflict zones imperils health security everywhere
Greece deepens US energy ties with first gas exploration deal in 40 years
ExxonMobil leads drilling agreement targeting reserves in Ionian Sea
Number of British workers underpaid by employers falls sharply
More companies comply with legal requirements but 25,000 people still paid too little
Air France-KLM profits fall despite Canadian booking boost
French-Dutch carrier added extra summer flights to Paris to meet rising demand from Canada
Louvre spent too much on art and not enough on security, audit finds
Report makes damning verdict on Paris museumโs finances
The Silver Book by Olivia Laing โ love, illusion and Italyโs movie maestros
The authorโs new novel blends a queer romance with a noir-tinged glimpse into the filmmaking world of Fellini and Pasolini
Europe is risking โhealth sovereigntyโ by underpaying for drugs, says AstraZeneca
CEO warns continentโs advantage in the industry could fade as companies build new high-tech factories elsewhere
Brussels opens probe into Deutsche Bรถrse and Nasdaq over derivatives
Commission concerned about possible collusion in listing, trading and clearing of financial instruments
JPMorgan hit with record fine from German finance watchdog
BaFin imposes its highest ever penalty of โฌ45mn on European arm of Wall Street bank
Brussels tweaks budget overhaul in bid to stave off parliament rebellion
Also in this newsletter: EU heads to COP in a green mess
Diversity Leaders
800 companies make the seventh annual list; European companies walk a tightrope; GSKโs retreat on diversity targets; long-term focus delivering results for Zalando; investors stand firm against attack; US inclusion specialists face uncertain future; DE…
Switzerland is crossing the crypto Rubicon
Can the country replicate its culture of trust in an era that thrives on code and decentralisation?
Think-tank linked to Reform UK says Britain is heading for debt crisis
Former Tory minister Sir John Redwood and City executive Mark Dowding contribute to CFABB report
Postcard from Manchester: a Landmark Trust retreat at the heart of railway history
A house that was at the centre of the 19th-century rail revolution can now be yours for the weekend
Uptown dunk: Zรผrichโs top fondue spots
The Swiss cityโs gooey-cheese offerings are legion at this time of year, from comforting classics to champagne-soaked blowouts
London should embrace its status as a haven for dull IPOs
The cityโs market is an apt home for solid names that private equity canโt shift
Out of Hitlerโs Shadow by Tobias Straumann โ from write-off to take-off
The historianโs account of German debt and postwar settlement is a vivid story of risk, courage โ and political contingency
Europe should learn from Italy
The country has shown investors what happens when political stability, fiscal credibility and industrial strengths are aligned
Number of unfilled primary school places in England hits record high
IfG report shows London has been disproportionately affected by drop in pupil numbers
Jardinesโ stodgy image could be harder to shift than its assets
Famed Hong Kong-based empire has gained about 50% since January as it pivots to something more like private equity
Putin says Russia may start nuclear weapons tests in response to Trump
Russian president asks officials to draft proposals amid fears of a new atomic arms race
Reformโs Tice asks City to help with overhaul of UK regulation
Party increases its efforts to court financiers and fend off claims its policies are reckless
The future of work is still human
Why we may be investing too much importance in the role of technology
Erdoฤan says Turkey has entered โnew junctureโ in Kurdish peace process
President hints he is open to freeing jailed presidential candidate Selahattin Demirtaล
Gerhard Schrรถder refuses to be Germanyโs scapegoat
The former chancellor turned Moscow lobbyist shows no sign of remorse for his role in Nord Stream 2
France says it will ban Shein in row over sex dolls and weapons
Government says it will suspend retailerโs online operations as company opens its first permanent shop in Paris
Eighteen arrested in connection with alleged global online fraud network
German authorities say suspects used stolen card details to buy 19mn subscriptions on fake websites
UK police hunt two men accidentally released from same prison
Algerian man convicted of indecent exposure and British man sentenced for fraud were mistakenly freed from Wandsworth prison
EU pushes to cut time of cross-border train trips by up to 8 hours
Brussels launches โฌ345bn high-speed rail plan to compete with planes
Chatbots pose a risk to democracy
AI companies vowed not to support their use for voting choice so why are they recommending parties?
EU countries weaken 2040 climate goal
Member states, including Italy, make last minute push to allow governments to outsource emissions reductions
Moldova warns Brussels not to โmove goalpostsโ on EU membership
Also in this newsletter: IMF warns on European debt levels
How wealthy is โwealthyโ, exactly?
The UK chancellor has her sights set on those โwith the broadest shouldersโ โ that may include you, even if you donโt feel particularly well off
Russia adds jet engines to Soviet-era โdumb bombsโ
Russian glide bombs are now capable of hitting Ukrainian targets up to 200km away
Trumpโs โretributive diplomacyโ hangs over UN climate summit in Brazil
Delegates say nerves are jangling as they anticipate disruption at COP30 from the US and its allies
Will higher defence spending boost the European economy?
Deindustrialising regions hope for investment and jobs, but much will depend on how the extra money is spent
Why is everyone dressing for the end of the world?
A longtime security guard and nightclub bouncer on the customers mirroring his tactical uniform
Reeves to urge insurance bosses to increase investment in London
Chancellor due to meet representatives from Lloydโs of London, Hiscox and Convex
Brussels and Liรจge airports close after drone sightings
Belgiumโs security services investigate incidents that further highlight vulnerability of European airspace
All schoolchildren in England to be taught financial literacy
Major changes to curriculum also include teaching about fake news and climate change
The new nuclear arms race
Amid loose talk of resuming weapons tests, cold war-era controls are unravelling
One in 10 children starting primary school in England now obese
Health experts say figures are โextremely concerningโ and warn of increased risk of diabetes, cancer and mental health issues
Things That Disappear by Jenny Erpenbeck โ what was lost in the rubble of the Wall
The East Berlin-born International Booker winner goes beyond Ostalgie in this series of essays about modern German identity
Creative groups fail to secure UK legal precedent in Getty AI copyright case
US photo agency loses central plank in London lawsuit against Stability AI
Gunvor warns on fuel supplies as it rushes to seal $22bn Lukoil deal
Swiss traderโs audacious swoop on Russian groupโs overseas assets revives industry speculation over Kremlin ties
EU leaders to skip summit in Colombia after Trump sanctions
German chancellor, French president and European Commission chief cancel plans to attend regional meeting
Vaping overtakes smoking in Britain for first time
Number of vapers aged 16 and over in Britain rose to 5.4mn in 2024 compared with 4.9mn smokers, according to ONS data
Shein races to contain sex dolls scandal in France
Retailer pledges to co-operate with investigation into how it allowed childlike products to be sold on its marketplace
Reeves bets on the long-term โ will she be aroundโto reap the benefits?
UK chancellor lays groundwork for further tax rises in speech weeks ahead of Budget
The worldโs best bar merch
The coolest souvenirs are boozy, bougie and in a pub near you
Inside Englandโs broken care economy
Council-commissioned providers are fast losing headroom needed to improve pay and compete with other employers
New EU members could be put โon probationโ, says official
Enlargement commissioner Marta Kos says bloc has to prevent Russian โTrojan horseโ behaviour from new entrants
Jumble of tax proposals snarls up Franceโs painful budget process
Also in this newsletter: Compensation reform to increase flight delays, warns research
Britainโs quantum software start-ups might be giants
Companies such as Phasecraft and Riverlane will need to be brave to remain independent
Liechtensteinโs โzombie trustโ woes spread to Caribbean
Service providers in British Virgin Islands, Bahamas and Cayman Islands warn of unpaid fees and stranded assets
Bonjour, Bonheur: a new chapter in London fine dining
An exclusive preview of Bonheur by Matt Abรฉ, the Gordon Ramsay protรฉgรฉโs debut solo restaurant, launching this week at one of the UKโs most celebrated culinary addresses
Out of Nick Cleggโs shadow: Miriam Gonzรกlez seeks to shake up Spain
Wife of former UK deputy prime minister plans to launch political party in her home country
Motherland โ a plea for a feminist revolution in Russia
By drawing on the countryโs progressive tradition when it comes to womenโs empowerment, Julia Ioffe makes a refreshing argument that a different Russia is possible
NHS productivity falls even as hospital efficiency in England rises
Contrasting data points to gains in parts of health service not extending across wider sector
The far right can win in Europe but it struggles to govern
The continentโs political future could be defined by a never-ending struggle between the centre and the radical right
Serbiaโs president offers to bring forward election after huge protests
Aleksandar Vuฤiฤ makes concession after year-long demonstrations against his regime
โFresco. Palazzo. For Sale. Goโ
How a Google search led one man to his dream home in Como
London needs new listings, but Princesโ float just kicks the can
A kabuki IPO is nothing to celebrate
Police look at train attack suspectโs possible link to other knife crimes
Cambridgeshire officers were alerted on three occasions about man with knife in Peterborough before mass stabbing
Nigel Farage drops tax-cut plans to focus on slashing public spending
Reform leader sets out partyโs โeconomic visionโ for Britain in bid to boost credibility on economy
Valencia leader quits over long lunch during fatal floods
Carlos Mazรณn resigns more than a year after disaster that killed 237 people in Spain
Why the EU is delaying its enlargement homework
Also in this newsletter: 28th regime for all
Czech Eurosceptic Babiลก agrees coalition deal with far-right
Billionaireโs ANO party is set to govern with two smaller extremist parties, raising alarm over Ukraine stance
What next for Andrea Orcelโs UniCredit?
Dealmaker chief is clinging to his ambition to build a pan-European banking powerhouse despite M&A roadblocks
Trumpโs university backlash drives US researchers towards Europe
EU grant applications hit record in 2025 amid surge in interest from American academics
UK small businesses struggling to take advantage of trade deals
British Chambers of Commerce urge ministers to do more to help exporters
Train stabbing fuels UK publicโs feeling of insecurity
Cambridgeshire attack is second mass knife crime incident in less than a week
Opec+ to pause oil output rises next year after warnings of glut
Eight countries agree to lift production slightly in December but pause further increases at start of 2026
Coffee commotion puts German view of venture capital under scrutiny
LAP Coffeeโs โฌ2.50 cappuccino is โapparently too disruptive for Berlinโ, says one founder
A welcome revival of the Dutch political centre
The liberal D66 are the big winners of the Netherlands election. So is Europe
Louvre heist suspects had previous convictions together
Four have been charged in connection to theft of โฌ88mn worth of jewels, but royal gems yet to be found
One remaining suspect held in train stabbing case as police say no suggestion of terrorism
Man arrested on suspicion of attempted murder is British national born in the UK
No new planes for UK if taxes keep rising, warn Ryanair and Wizz Air
Low cost airline bosses are braced for increase in air passenger duty
EU set to expand supervision of stock and crypto exchanges
Esma to also settle disputes between large asset managers, according to proposals
Six new prime property hotspots โ including Paris, Madrid and Dubai
Fresh perspectives on luxury living
London becomes โquantโ powerhouse as traders rake in revenues
A pipeline of skilled graduates is helping the UK build out its expertise in algorithmic trading
Two arrested after mass stabbing on train north of London
Counter Terror Police involved in investigation into attack that left 9 people with โlife-threatening injuriesโ
Dutch centrists come roaring back but far right remains strong
Anti-Islam firebrand Geert Wilders is down but not out after liberal gains in elections
China signals easing of Nexperia semiconductor export ban
Dispute over Netherlands-based chipmaker has threatened to disrupt global auto supply chains
Populists of the left and right unite behind the politics of easy answers
Irelandโs president-elect Catherine Connolly caught the anti-establishment tide
From here to Eternithaus โ the Berlin landmark that continues to inspire
Designed in the 1950s, this architectural chameleon is enjoying a new incarnation
French parliament strikes down wealth tax demanded by Socialists
Move spells more political chaos ahead for embattled Prime Minister Sรฉbastien Lecornu
How to spend it in November โ from heirloom Argyles to dinner at The Ritz
16 stylish things to do this month
Eurozone inflation falls to 2.1% in October
Figure comes after ECB kept rates on hold
Why EU countries still canโt agree on a 2040 climate target
Also in this newsletter: Italian parliament approves Meloniโs contested judicial reform
Fed eases debt concerns with plan to end QT and buy more bonds
US central bank could begin net purchases of Treasuries early in 2026
Spain drafts king into China charm offensive
King Felipe VIโs upcoming state visit highlights Madridโs warm relations with Beijing amid US-China tensions
Kohlโs grandson joins revolt against Merzโs pension plan
Germanyโs CDU chancellor is under pressure from young conservative MPs threatening to derail the bill
Trump-Putin summit cancelled after Moscow sent memo to Washington
Russian foreign ministryโs maximalist demands for ending Ukraine war led US to scrap planned meeting in Budapest