Seven of the UK’s big banks have passed the Bank of England’s latest stress tests, which are designed to assess their ability to withstand a crisis – but only just. Patrick Jenkins discusses the results with Caroline Binham, FT financial regulation correspondent and Stephen Hall from KPMG.
This year’s carol was specially commissioned by the FT with the help of Nicola Clase, Sweden’s ambassador to the UK. Jane Owen talks to Clase about the piece, which was composed by Johan Hugosson and features lyrics adapted from medieval Scandinavian rune poems. It is sung by the choir of Stockholms Musikgymnasium conducted by Bengt Ollen
Adele has broken the record for first-week album sales in the US, vindicating her strategy of withholding the release from streaming services such as Spotify and Apple Music. Ravi Mattu asks Robert Cookson, the FT’s digital media correspondent, how she did it and whether it’s a tactic others might follow.
Mauricio Macri has overturned 12 years of Peronist rule in Argentina as the candidate for change. Jonathan Wheatley asks J.P Rathbone, FT Latin America editor, how hard it will be for the new president to turn the economy around without causing too much pain to the electorate.
Car sales in the US are set to hit a record high this year, helped by the post-recession resurgence of the sport utility vehicle. As President Barack Obama prepares to visit Paris next week for the UN climate change conference, host Shannon Bond asks FT journalists Ed Luce and Robert Wright what the SUV boom means for the government’s efforts to steer Americans toward more fuel-efficient vehicles. Then, the FT’s Robin Wigglesworth and Matt Klein examine how a $2bn IMF-led bailout program is helping to right the Jamaican economy, and Shannon previews the latest episode of Alphachatterbox. Music: “Plain Loafer” by Kevin MacLeod.
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