Europe’s bank bonanza puts lenders in spotlight for windfall taxes
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Big Tech shares fell after third-quarter earnings statements highlighted fears of a US economic slowdown. Google parent Alphabet reported an unexpectedly poor performance in its core search ads business, while Microsoft was likewise pessimistic about cloud computing.
Gilt yields have returned to levels last seen before the UK’s “mini” Budget as investors welcomed Rishi Sunak’s confirmation as prime minister. Here’s the line-up of his new cabinet and a who’s who of his advisers.
Russia conducted its first major nuclear drill since the start of its war in Ukraine, as Moscow made unfounded claims that Kyiv was seeking to develop a “dirty bomb”.
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Turkey’s finance minister Nureddin Nebati defended his country’s economic ties with Russia as “good neighbourly relations” despite western concerns that the nation was providing a backdoor for Moscow to evade sanctions.
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Pakistan’s plea for “climate justice” after its recent disastrous floods has highlighted the issue of how the international community should help countries adapt to global warming.
Total doses given: 12.9bn
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Scientists in Japan have successfully generated hair follicles in the lab, offering new hope for the treatment of hair loss. There could be spin-off benefits too for drug screening and for alternatives to animal testing.
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This story originally appeared on: Financial Times - Author:Darren Dodd
