FINANCIAL TIMES Sunak urges | jgeweaperenatisumbhorectopmene bosses to curb their pay and look after staff Butchers tempt families with beef for Christmas as bird flu iNATIONAL, PM to meet Xiin push for ‘constructive’ ties ee ee teeter ieee Rewlncemtascmt wonlinhgwwsmasanese oon me asc Rebecca ee aha Nine | al \nformation. Regulation Social media algorithms in watchdog’s sights rem two ete te agai ssi ieee oecttranintas ‘Shoe nea a iaeptnstapineat getiamcntmsinte Thema Siege eRe Tlantemavalongre oa qu aid Bree ae sy "na wa cae Skuse meets connme erica date = © sistem aacesamct | soa Huntto raise cap on council tax increases tonearly 5% ‘Wishart sgunermmentncedst0 ‘ne up with along tema plantomanagethicri Farmers frustrated maha overhaul of post-Brexit payment regimeHunt banks on tough choices to restore Tory poll fortunes Chancellor to focus on inflation in Autumn Statement that Labour will scour for flaws FCA admits it was unprepared for mini-budget pensions hit NATIONAL Pay gap widens between. publicand private sectors Follow the thread Woven art Mana RISK MEETS OPFOR aINTERNATIONAL, G20 condemns war and nuclear threats andhelis after two die near border SatementSstrongrthan expecedinguagceomes sg alerdaysot ranging Security. Human rights China’s police outposts raise alarm in Europe Epcos aS hey told overt ple ‘oan rvs sto think ionacc ‘World Cup Qatar's footballers help gulf state forge national identity eo are su ypeohytn sel youn ns mene sas ae —— ae3 ld But it has everything to do with the future of our next generation. As a financial institution our experience in helping clients navigate this fast moving and complex. ‘area has taught us that no two journeys to net-zero will be the same. So, if you want to speak to someone who'll commit time to your unique situation and help craft the next step on your own path to sustainability, let's talk. BeaINTERNATIONAL, _ Central banks to _ rein in jumbo’ rate increases as outlook darkens Monetary policymakers signal smaller rises to come amid fears of recession Japanese economy contracts as consumer spending slowsThis is not sustainable. We need to talk. ‘Sustainability is atthe top of every corporate agenda, A low-carbon society requires Unprecedented industrial investments. Sustainable finance plays a crucial part in how fastindustries can transition their operating models, Corporations need to shift to sustainable processes and materia. Innovations need to.cale. And last but not least, we need to gradually decrease the dependency on fossil fuels at an even higher pace. There are no simple solutions as each industry facesits ‘own unique challenges, and only by working together will we find new ways forward. The green transition is so important that we've made itour strategy. With advice and capital, we want tobe the best financial sabgroupcom/NetZoraTransiton partner possible. Through deep inightsinto ‘our clients’ transitions we're using new tools ‘and models to track how they are reducing their, footprint. ‘A year ago, we presented our Net Zero strategy and goals. Yesterday, we shared the firstreport on how were tracking, Now we ite you to sebgroup.comNetZeroTransition fora 30-minute summary. The green transitions such a complex topic that ‘we have made the full S-hour broadcast avaliable too. Together with clients and industry experts, we explore how finance and industry can, and must, accelerate change. Welcome!INTERNATIONAL LNG site eases German gas rationing fears Sui Grn eas Sore coos cote eos awdwsacuciiparat Eeurseacay Miacleaaaiie iki aitais icone i Aighabijmine Sao ee Seater Deerwcomee| Indonesia ata rau ‘natasha Sonniaattyesnatass | Shift from coal = Ses Sees Sean Se Eeieiaismcundaes Uumecasaarree eee ey a ee sees eed sss beens eee ee Senses: Ses sock eres gic paranghwaae "” scanners pecs aha oe a a or od Sia Sa a a cee eed Sasa Demographics. UN data World Population Dees 8bn and grows older een ep Businesses For Sale ‘ang lta prromenn COP27 host Egypt grapples with climate change problems Sey Ti ponemaa aeKeeping it local Foreign groups adopt ‘China for Chin’ ‘plan to draw on R&D facilities and tap growing markets © cowpawecs.pxce 1» Companies &Markets Gupta-owned Liberty Steel lines up deal with creditors ‘© Lenders set to shoulder 45% losses ‘© Push to avoid insolvency measures fmteceion ” erecdmeragemars cee Ss a Soe smu Wheels wobble E-scooter group Bird caught between cash squeeze and accounting error tra ln Businesses For Sale theaLuxury industry set to defy opal gloom a Research predicts €5555n = wegen activist fund to Scroll benefit foes srs wealthy let base "| cut headcount ‘Se: | and salaries iyeneeems oe hicecaneonh Covid curbs. Localisation Foreign groups adopt ‘China for China’ strategy “Tetons acutackinthe Jong ning dives ‘orsinvestment and aig nero instock buybacks Ferloal reduction a | “Th iter At maint Credit Suisse offloads SPG assets to Apollo Vodafone held back by weak German showing Ss SS pies: Srna! mune ‘Thetonkecsrksed TE products gouppacages i ‘ctisttoresling = MemonassccurdesCOMPANIES & MARKETS EY faces tax authority lawsuit over work for property investor HMRC claims that adviser made misrepresentations when negotiating settlement for Ritblat’s firm. Tech tycoon wins boardUK COMPANIES The great Solvency II rules dividend has shrunk BAEbullish msctpeenemmanansts sagan poate: tiny etne| 2S teNSIONS Eee SiS Siete: Soe nte Bonetordets ae Sesto: SEES for weaponry TB EEE SSGAS SS | eas Seater SE Lari Sees Sema seaiees Seueease = See Peete [eee a Ss Eunag Gee eee ier ea sree a Saar, Soenmcea |seeeemmmcey Ea ee OO S””—“—iE—SC—S — Landsec swings to loss after City office values fall eed eres UUpwandpresureon sector elds or aleningoutook “The pain coming through rs Seteoss Russia blow ial sees £400mn go up in smoke Beam: ignite tesla soc aaed weer hal “Make your choiceson your Crsanaa preenecar ty MINI CIGARILLOS c AWearestllepecing SILVER =evcig Supply chain chalenges bbuhavebeen managing HSBC strategy chief to run Scottish Widows ome SSE Ess aisCOMPANIES & MARKETS . con -bounds Investors warn UK against from 52-year lowson Fed fresh round of austerity rate hopes Fixed income. Gilt yields ee _— SS SS orhe ak" China stocks extend gains after Biden Diesel price surge risks worsening and Ximeet ahead of G20 summit European energy crisis, IEA warns ‘Rot erp nd Further demand maybe markt ASG. mbalanceseaclear iat SineaacetanaaesS “Skt reUK crisis shows crucial need for policy gradualism Dario Perkins Markets Insight i ThetIKmustnot tur eed reer! rlcforgneemments 0 ‘faceted! apport ther economics PT TNS Leh Z NEN a ee) Nolte stoy To view the full shortlist and book your pied tember @rinoge sAuERA COMPANIES & MARKETS “The day in the markets What youneed _ RESMARKET DATA Hi il AR af ieMARKET DATA ueTAaEG GG ga LETT tHE soRERE TCE ect nest etaE it ie i iti inh eae LEHR au ie i te EET an sat yn sssataated Bh baer saan aaa suing Bogen” {fron auoe ses BL en anf creer | SL wt sah atb li pg ener 7h pfomenine a alta comma a ie 1 i Minn fu EE an prsuceatea Ht tll hid it val Haaltatt esa TaLaT AP PE lien oAtb iba ie eapaauaetanazanepesguazeredsgsueesbaey oi iit se pana Han lt dl) hae ll ad ail ill il ee gE silt Spee ee ee il hull “t ld dt act alla Equity : from Morningstar Make confident investment decisions powered by our independent global insights and a consistent methodology across our qualitative and quantitative universes. TA MORNING i i i j IFINANCIAL TIMES SHARE SERVICE MORNINGSTAR FTWeekend Start your weekend thinking Read things differently with the weekend's clearest view on the world, plus uncover the new and noteworthy in art, culture, style and travel. Pick up your copy this weekend or subscribe online at ft.com/subscribetoday— = Fundsmith Equity Fund Fidelity...MANAGED FUNDS SERVICE Kewenesneere Tnvestingnts ne ‘TOSCAFUND ==-HKCRNNGSTAR FINANCIAL nis NI IW eather adPO x Be Painter of the in-between nd hold handsFT BIG READ. FINANCIAL REGULATION ‘The meltdown in UK gilts exposed the vulnerability oflange bond markets. With its currently ‘terrible levels ofliquidity, could the biggest of them all survivea wave of selling? By Kate Duguid and Tommy Stubbington The fragile US Treasury bond market sclebatar ages Iescemsasifmarket functioning has become albigge source of risk rather than just. Sein sot [ugienedam ems meant = So. Se ad ‘TReforme will improve the'Treasury markets bit toabmorb shocks and disruptions rather than toarphiy the!FINANCIAL TIMES iano co Siete pinion Environment Climate tech 2.0 still has aone per cent problem leery poate Pilita Somes LL eae ea eee hei eae eee os an “imcwak casas naman sete cebereicmezes Uta Syectest COP27 puts the spotlight on Egypt's human rights record ‘Western capitals should use Aplomaicendeconomie eragewihPresidnt sit fe ‘booted pron soa ve FFapphasastrane way ofrecritng readersee ee ee me Janan Ganesh poor a aaa Sears Snes & Central banks are right to act decisively ‘Martin Wolf conomics A worse posit than dsination being donctoo soy would bit jcymakers ve up too que D Satake easement See eee WicletermaetSinnsye Schlbeab ponewte ht Ss thick ian ‘Stmpmtsnei sense Suitlonmenapeem >=) shhif Financial centres: the judgment on Paris e - i Lex, (= a a a Weft aes 2 vcr ie id Siin epee ae ‘ppt tm | et SS | Scher Se Walmart ving the LIFO Ritateddadiee | Satanic cae ae SEE BAIN & COMPANY @ THE NEXT RECESSION WILL BE DIFFERENT ‘Amid global disruption and high ination standard recession responses willl | short. Find aut how leading companies SER emerge stronger the new pnybook focaesion