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Money

How Elon Musk’s ‘war room’ of advisers transformed Twitter

Financial Times | Nov 4, 2022 at 10:00 PM

…Antonio Gracias, a former Tesla director who founded private equity group Valor Equity Partners, is also advising him on finance matters, along with Jared Birchall, who runs Musk’s family office….

‘Better, but not good’: investors cautious on sterling after rebound

Financial Times | Nov 4, 2022 at 10:00 PM

…Sterling is no longer in crisis, but currency traders are reluctant to position for a prolonged rebound as the Bank of England’s commitment to…

BaFin threatens Deutsche Bank with fines as deadlines to fix controls approach

Financial Times | Nov 4, 2022 at 9:24 PM

…Germany’s financial watchdog BaFin has threatened to fine Deutsche Bank if it misses crucial deadlines for fixing its money-laundering controls — the latest escalation…

‘One hand washes the other’: grain deal shines light on Erdoğan’s ties to Putin

Financial Times | Nov 4, 2022 at 9:00 PM

…has significantly emboldened Turkey, according to Alexandra Prokopenko, a former Russian central bank official. “Putin has always viewed the deal as a political tool. But…

The illusory appeal of bear market rallies

Financial Times | Nov 4, 2022 at 9:00 PM

…suit saying “but the inflation”. In fairness, some of the smaller central bank s have wobbled slightly of late. The Bank of Canada, for instance, plumped…

Letter: Offices are not always vehicles for real work

Financial Times | Nov 4, 2022 at 8:51 PM

…of the new situation is to begin to be realised. Dr Bruce Lloyd Emeritus Professor of Strategic Management, London South Bank University, London SE1, UK…

Sth Africa warns $8.5bn climate package risks fuelling debt burden

Financial Times | Nov 4, 2022 at 8:46 PM

…in support, with $1.3bn as a guarantee to the African Development Bank , which will expand the bank ’s lending capacity and enable it to…

Europe’s bank bosses push back against perceived ECB intrusion

Financial Times | Nov 4, 2022 at 8:24 PM

…European bank bosses are pushing back against what they see as increasingly intrusive behaviour from their regulator, the European Central Bank . Chairs and senior executives…

Windfall taxes: good politics, tricky policy

Financial Times | Nov 4, 2022 at 8:21 PM

…company sales, as well as a 4.8 per cent levy on bank profits. The politics of windfall taxes are simple: few voters object to…

Coinbase: ‘Tradfi’ earnings cushion blow from crypto slump

Financial Times | Nov 4, 2022 at 7:32 PM

…Tokens such as bitcoin and ether have lost about 70 per cent of their value since their all-time high last year. To weather the downturn, Coinbase has cut costs, including staff….

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