VW changes diesel strategy after scandal

Carmaker also announces savings to help pay for affair

Twitter axes 8% staff in struggle to grow

Bulk of job cuts will fall on engineers

GE sells finance arm to Wells Fargo

Major step towards meeting goal of $200bn in asset sales

UK withdraws Saudi justice contract bid

Cameron cites case of British pensioner facing 350 lashes

Barclays set to pick Jes Staley as chief

Appointment of ex-JPMorgan investment banker likely within weeks

Labour MPs poised to rebel on fiscal charter

Parliamentary party meeting described as ‘brutal’ and ‘carnage’

Greg Medcraft approached to lead FCA

Australian regulator is contender to head UK watchdog

Angry investor stabs China asset manager

Attack at meeting after collapse of financial guarantee company

Payment processing company Worldpay has said it plans to raise £890m by listing its shares on the London stock market. The flotation could give the company a market value of nearly £4bn and push it into the FTSE 100 index of the largest UK-listed firms.

Worldpay to raise £2.5bn in IPO

Payments processor listing comes after it rejected takeover offer

old age pensioners oaps elderly people relaxing by seafront in sun
©Chris Batson

UK inflation turns negative

September CPI falls to -0.1% but state pensions protected

Fortress to close $2bn macro hedge fund

Manager Mike Novogratz expected to leave the investment group

Comment & Analysis

China’s Great Game: Road to a new empire

FT series: A modern Silk Road is Beijing’s signature foreign policy

US oil output rises despite drilling fall

US oil producers have managed to offset collapse in drill rig numbers with efficiency gains

Bank chairmen lack necessary knowledge

Too little has changed on this front since the financial crisis

Best comments from our readers

"Sure the US finance industry will grow larger. The question really is if you think that they are adding anything productive to the economy. Efficiently allocating capital does not seem to me to be such a difficult job as to deserve 20% of productive capacity of the economy. Perhaps it's extracting this rent from other sectors of the economy."
By IRLecon on Europe needs homegrown bulge bracket banks

"You are waaayyyy behind modern working environment. The thing to do is join a local office, such as the bazillions of hubs in a neighbourhood near you. The amount I saved on commuting was more than enough to join a hub many times over, which gives the social interaction, the feeling of work being important."
By BetaByNature on Spare yourself the loneliness of long-term home workers

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