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Jes Staley exchanged 1,200 emails with Jeffrey Epstein over a four-year period with content that included unexplained terms such as “snow white”, according to people familiar with the correspondence between the former Barclays chief executive and the convicted sex offender. Staley resigned from Barclays last week after seeing preliminary conclusions of an investigation by UK

Alexander Lukashenko has threatened to cut the transit of gas and goods through Belarus to Europe if the EU imposes further sanctions on his regime over the migrant crisis on the Belarusian-Polish border. The Belarus president was responding to an announcement by Ursula von der Leyen, European Commission president, on Wednesday that the bloc would

US consumer prices are expected to have surged in October at their fastest pace in three decades, as bottlenecks and other supply-chain disruptions intensify and inflationary pressures broaden. Consensus forecasts compiled by Bloomberg indicate that the consumer price index to be published by the Bureau of Labor Statistics on Wednesday rose 5.9 per cent in

US industrial group General Electric is to split itself into three public companies from 2023, a big step in chief executive Larry Culp’s plan to streamline the sprawling conglomerate. The companies will focus on healthcare, energy and aviation. GE Healthcare will be spun off in 2023, with GE retaining a 19.9 per cent stake in

Tesla shares were under pressure on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric carmaker. The 24-hour poll, which was conducted over the weekend, is the latest stunt by Musk to delight fans but risk controversy. When

China reported dozens of new local coronavirus infections on Saturday, a day after the government reaffirmed its commitment to strict measures designed to limit the pandemic’s spread within its borders. The country’s National Health Commission on Sunday reported 74 new cases for the previous day, of which 50 were locally transmitted. A wave of cases

Joe Biden has promised to pass a $1.75tn social spending bill as he looks to capitalise on the momentum provided by the passage of his $1tn infrastructure plan. The US president on Saturday welcomed Friday night’s vote in the House of Representatives which guaranteed the bipartisan infrastructure package will now become law. That bill was

Pfizer’s Covid-19 oral antiviral drug cut the risk of hospitalisation or death by 89 per cent in a late-stage trial, creating a potential new tool in treating patients and combating the pandemic. The US pharmaceutical company said on Friday that it was stopping the trial due to the “overwhelming efficacy” and will add the data

Opec and its allies declined to accelerate plans to increase oil production, rejecting calls from President Joe Biden to help ease rising crude prices and increasing the odds of a retaliatory move by the US. The Opec+ group, which has included Russia since 2016, said on Thursday it would stick with a plan formulated this

The US has added NSO Group, the Israeli military spyware company that created software that has been traced to the phones of journalists and human rights activists, to a trade blacklist in a bid to tackle the growing surveillance threat posed by technology companies. NSO and a smaller Tel Aviv-based company, Candiru, were among four

Pfizer has more than doubled the 2021 sales forecast for its Covid-19 vaccine since February and predicted another bumper year in 2022 as it expands global distribution and begins shipping jabs for boosters and children. The US company said on Tuesday that it expected to generate $36bn in sales this year and $29bn in 2022,

World leaders warned of the severe consequences of nations failing to strike deals to limit global warming to 1.5C since pre-industrial times at the opening session of the Glasgow COP26 UN climate conference. UK prime minister Boris Johnson, the host of the summit, used a James Bond analogy to drive home the urgency of action

G20 leaders have sealed a deal to end international financing of coal power in a boost ahead of the opening of the COP26 climate summit. Leaders at a G20 summit in Rome agreed to end financing for coal-fired power plants overseas by the end of this year, according to the final text of their communiqué.

Mario Draghi has warned the leaders of the world’s 20 largest economies that “going it alone is simply not an option,” as they gathered in Rome to start a two-day race to reach a deal on global climate change targets. The Rome G20 summit will set the tone for the COP26 meeting in Glasgow next

The eurozone’s economic rebound gathered pace with growth of 2.2 per cent in the third quarter, closing the gap with the US and Chinese recoveries and keeping the bloc on track to regain its pre-pandemic level of output later this year. However, there was a mixed picture between the four largest eurozone countries that reported

US economic growth slowed considerably in the third quarter due to supply-chain disruptions, a resurgence of Covid-19 and slower consumer spending. The world’s largest economy expanded 2 per cent on an annualised basis in the three months to the end of September, according to data from the commerce department on Thursday, marking the weakest quarterly

Senior Democrats have laid out detailed plans for a new tax hitting about 700 American billionaires, in an attempt to extract revenue from the ultra-wealthy to pay for Biden’s $2tn flagship spending plan. Ron Wyden, the chair of the Senate finance committee, said on Wednesday the plan would apply to taxpayers with more than $100m

One of the world’s largest pension funds, ABP of the Netherlands, is to sell its entire holdings in fossil fuel companies worth more than €15bn as pressure mounts on retirement schemes to protect long-term savings from the threat of catastrophic climate change. ABP, the Dutch pension fund for educational workers and civil servants, said on

Facebook’s senior executives interfered to allow US politicians and celebrities to post whatever they wanted on its social network, overriding rules designed to curb misinformation and harmful content, leaked internal documents suggest. In particular, employees claim in the documents that while Facebook has long insisted that it is politically neutral, it allowed rightwing figures to

The EU has been warned not to delay the next phase of global banking rules, as draft plans show that Brussels is suggesting giving European banks a two-year extension to an internationally agreed deadline. Carolyn Rogers, secretary-general of the Basel Committee for Banking Supervision, said the new rules were “a really important final chapter” in