Monday, December 2, 2024

Financial Times - Dec 2

December 2, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy.

Headlines

UK unveils plans for a new defence industry council

Cabinet minister denies Keir's Starmer's "plan for change" is a reset

The EU's incoming energy chief warns that Russian gas imports should not be hidden

- Stellantis chief executive Carlos Tavares resigns

View the full article

The UK government will announce plans for a new council of defence industry leaders and business in an effort to enhance collaboration between Whitehall and technology companies, smaller start-ups as well as giants within the sector.

The Chancellor of Duchy of Lancaster Pat McFadden denied that Keir's Starmer's plans to set new targets for the government's next week are a "reset" and defended UK Prime Minister David Cameron's decision to not include a limit on inward immigration.

Kadri Simon, the EU's top official in energy, who stepped down over the weekend to hand over to a new European commissioner, warned against an agreement to replace Russian gas piped via Ukraine by labeling the imports Azerbaijani.

Carlos Tavares, the Stellantis chief executive, resigned suddenly two months after a warning about profits at the manufacturer of Jeep, Fiat, and Peugeot cars, which has lost 40% of its value in this year. (Compiled by Bengaluru Newsroom)

(source: Reuters)

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