George Osborne, UK chancellor, has backed away from controversial cuts to tax credits for the poor as he sought to soften the blow from the deepest public spending cuts for a generation. Matthew Garrahan spoke to George Parker, the FT’s chief political correspondent, about the climbdown.
France has been courting US and Russian support for a war on Isis in the wake of the Paris terror attacks. But while Russia and Turkey, a Nato member, claim to be fighting the same foe, they themselves saw armed combat this week when Turkey shot down a Russian jet on its border with Syria. Mark Vandevelde asks Gideon Rachman and Geoff Dyer whether world powers are capable of making common cause against Isis.
The inside story of the measures being taken by Fifa to survive amid US and Swiss corruption probes. The investigations continue as the body’s revenues are hit by scandal and new partners shy away. With many of those hoping to replace Sepp Blatter as president still in denial about the need for change, Malcolm Moore explains how football’s governing body is dealing with this existential threat.
Patrick Jenkins and guests discuss new trading capital rules and Spanish bank BBVA’s entry into the UK market, and Ben McLannahan interviews the head of the US investment banking arm of the Japanese lender MUFG about its expansion plans in the US.
The Brompton folding bike has grown into a global brand sold in 43 counties. During the recent downturn, it raised its prices by over 65 per cent without putting a dent in sales. Finance director Lorne Vary tells Jonathan Moules why having a bold pricing strategy makes sense.
A thriving black market in firearms has made Belgium a centre for jihadi operations, with would-be terrorists able to exploit the country’s fractured security services and geographical position as a transit country. Christian Oliver and Duncan Robinson report on how officials are scrambling to crack down on the illicit trade.
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