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RBS chief executive Ross McEwan resigns

Mr McEwan said he has “delivered the strategy” promised when he took over in [...]

Riksbank pushes back rate rise forecast, sparking sharp krona drop

Sweden’s central bank will also purchase €4.2bn in government bonds from July to December [...]

Extinction Rebellion: Climate activists block London Stock Exchange

Protesters have glued themselves to each other and to the building in the City of [...]

Rich nations urged to prepare workers for automation

Technological change driving ‘creative destruction’ in jobs market, says [...]

Ghosn: Tokyo court grants $4.5m bail to former Nissan boss

Carlos Ghosn, who faces financial misconduct charges in Japan, is set be released from custody on [...]

Sainsbury’s-Asda merger blocked by regulator

A merger between the supermarkets would lead to higher prices, the UK competition watchdog [...]

Deutsche Bank and Commerzbank merger talks are expected to fail: source

Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday.

Belt and Road: China showcases initiative to world leaders

The leaders’ summit comes as China faces growing criticism over its massive infrastructure [...]

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

Facebook Inc on Wednesday blew past Wall Street profit estimates in the first quarter and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe.

Royal Bank of Scotland CEO McEwan resigns after more than five years

Royal Bank of Scotland plc is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout.

China’s bankers in uncharted waters as Shanghai launches U.S.-style tech board

As Chinese investment banker Liu Guangfu prepares to file an application for his client to list on Shanghai’s Nasdaq-style technology board, he is heading into uncharted waters: how to price the new shares and sell them to the right investors.

Bayer gets Monsanto profit boost but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal mounted.

Swedbank admits anti-money laundering failings, cooperating with U.S. authorities

Swedbank admitted to previous shortcomings in combating money laundering on Thursday and said it was cooperating with investigating authorities, including in the United States.

PSA revenues hit by decline in overseas sales and pullout from Iran

Peugeot maker PSA Group reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter.

Asian shares slip; German, Korean data hurt risk appetite

Asian shares slipped to three-week lows on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.

What the Airbnb surge means for UK cities

Data analysed by the BBC reveals rocketing number of listings amid debate over the effect on [...]

Swedbank admits to shortcomings in anti-money laundering steps

Swedbank posted an estimate-beating first-quarter profit on Thursday, but the Swedish bank admitted to previous shortcomings in combating money laundering and said it was cooperating with investigating authorities.

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters.

Bayer’s profit gets boost from Monsanto but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal increased.

FirstFT: Today’s top stories 

Your daily briefing on the [...]

Bank of Japan vows to hold rates at zero until spring 2020

Central bank’s forward guidance suggests inflation target remains a long way [...]

Nokia reports surprise first quarter loss, sees pressure in second half

Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business.

PSA quarterly revenue declines as sales collapse in Iran and China

French carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker’s withdrawal from Iran.

S Korea hit by worst contraction since financial crisis

Grim economic data will put further pressure on President Moon to boost [...]

Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail

Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court on Thursday.

The fiscal turn: America learns to love budget deficits

The trend towards looser fiscal policy could mark the biggest shift in economic thinking in a [...]

Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday.

Can wage growth upset the US market rally?

Extent to which the tight labour market will feed through into CPI is hotly [...]

Ex-Nissan boss Ghosn to walk free, again, after court sets bail at $4.5 million

Former Nissan Motor Co Chairman Carlos Ghosn looked set to walk out of a Japanese detention center for the second time since his arrest last year on financial misconduct charges, after a Tokyo court on Thursday set his bail at $4.5 million.

SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky

A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem.

Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

Asian shares dip; euro weighed by sagging German business morale

Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

Microsoft tops $1 trillion as it predicts more cloud growth

Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.

Chipotle beats profit, revenue estimates as online sales surge

Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain’s marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.

Thailand set to be Southeast Asia’s hottest IPO market with $5 billion of planned second half floats

Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections.

Tesla solar installations slide 36 percent in first quarter

Tesla Inc on Wednesday reported a 36 percent slide in solar installations and said it had implemented a new selling strategy months after ending a partnership to sell the rooftop systems in busy Home Depot stores.

Is China losing the battle against an incurable pig virus?

Global pork prices could rise sharply as African swine fever decimates China’s pig [...]

Aldi accused of copying pram shade

Entrepreneur Cara Sayer says the supermarket chain has copied her product, a claim it [...]

How have Airbnb and short lets changed Edinburgh?

A lettings agent and long-term resident give their take on how the growth of Airbnb and short term lets have changed [...]

Premier League wage bill surges to £2.9bn

Having five teams doing well in the Champions League helped push clubs’ total revenue up to [...]

Occidental offers $38 billion for Anadarko, topping Chevron

Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.

Pence hits the road to save new Trump trade deal

Vice-president styles himself as salesman for critical agreement with Canada and [...]

Visa profit jumps, lower cross-border volume weighs on shares

Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher.

Tesla promises return to profit in third quarter after large loss, may raise more capital

Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States.