US Postal Service signs deal to buy 165,000 mostly petrol-powered mail trucks over 10 years

Biden administration officials failed to persuade the independent agency to buy climate-friendly electric vehicles

IMF advises BOE to sell £650bn in bonds to shrink balance sheet

The fund also criticised the Bank for lack of clarity over gilt sales

Aston Martin sees DBX orders offsetting Valkyrie supercar delays

Carmaker says new variants and price increases across a range of products will help improve profitability

Airbus to test hydrogen engine in A380 superjumbo in net-zero push

The plane maker wants to introduce a new passenger aircraft running on the fuel by 2035, but rival Boeing is sceptical

Markets brush aside ‘first tranche’ of Russia sanctions

White House defends measured approach after Putin recognises breakaway territories in Ukraine

Barclays’ exposure to Russia-Ukraine tensions ‘limited’

Bank has been out of Russia for many years and has exercised a lot of care and diligence on on-boarding Russian entities and Russian clients, CEO says

Macron’s diplomatic gamble in Russia has support of voters, so far

The French president’s support is holding up ahead of the presidential election despite placing himself at the centre of faltering efforts to contain the ...

Goldman ex-banker met Najib Razak before bond deals for 1MDB fund, court hears

Star witness testifies that Lloyd Blankfein met the then-Malaysian prime minister in 2009, and the meeting came with an agenda

How the Ukraine crisis has hurt Russia’s richest

The fortunes of the country’s billionaires tumbled $33bn in 2022, and escalating conflict in Ukraine is likely to lead to greater wealth destruction

Empty streets and strict regulations deter tourists from visiting Thailand

The country’s attempt to jump-start tourism may be hurt by the absence of the very businesses foreign visitors come for

HSBC takes $450m impairment charge on China property

The charge is a blemish on strong fourth-quarter results and plan to buy back $1bn of shares

Trump-linked Spac soars after launch of Truth.Social

Spac that is buying Trump’s company  gains nearly 64% before paring gains as Truth.Social debuts

Mboweni’s block on PIC executive bonus ruled ‘invalid’ by Labour Court

Former finance minister had instructed that executive bonuses be withheld amid a governance scandal, but ruling could see R51m payouts reinstated

THERESE RAPHAEL: What living with Covid means

Plan to scrap most Covid-19 restrictions shifts the emphasis to personal responsibility — not ignoring it

African fintech entrepreneurs start first exchange for green bonds

Market aims to enable companies to issue billions in instruments and for trading in a secondary market

Federal Reserve running out of policy options amid geopolitical crisis

Central bank’s missteps on inflation threatens a stagflationary shock that would weaken global growth

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.

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