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Oil market faces super glut as supply surge hits prices
Posted onTrial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel or change your plan anytime during your trial. Global news & analysis Expert opinion FT App on Android & iOS FT Edit: Access on iOS and web FirstFT: the day’s biggest stories 20+ curated newsletters…
Denmark loses £1.4bn London tax fraud case
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark has lost a £1.4bn tax fraud case at the High Court in London in a blow to the country’s efforts to recover monies from the sprawling “cum-ex” scandal. The Nordic country’s tax authority had…
Trump administration to roll back fuel economy rules set under Biden
Posted onNatalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
When is the Budget and what might be in it?
Posted onJennifer Clarke & Tom EspinerBBC News Reuters The Chancellor Rachel Reeves will set out plans for the economy when she delivers the Budget on 26 November. There have been warnings that she will have to put up taxes or cut spending if she wants to stick to her own rules on government borrowing. Before the…
Ofcom investigates BT and Three for failing to connect 999 calls
Posted onLiv McMahonTechnology reporter Getty Images Ofcom is investigating BT and Three over mobile outages it said had caused “UK-wide disruption”, including to emergency services. Thousands of Three customers reported they were unable to make calls in June, while BT and EE customers were hit by a similar outage in July. The regulator said it would…
