World business, finance, and political news from the Financial Times

Lucy Kellaway
Graduate trainees can be biggest corporate brains

Fuelling Isis Inc
Saddam’s oil smuggling network is being tapped

Highlights

Demonstrators gather prior to the start of the People's Climate March in New York, U.S., on Sunday, Sept. 21, 2014. The United Nations 2014 Climate Summit is scheduled for Sept. 23. Photographer: Timothy Fadek/Bloomberg

©Bloomberg

China’s emissions top EU plus US

NEW UK

Scots to get more tax and welfare powers

Tory backbenchers angered by Cameron’s promise

NEW

Europe groups fear US tax crackdown

Multinationals have same structure as inverters

6:00pm

Blackstone to pull out of Russia

Buyout group chooses not to renew Russian consultants’ contracts

6:16pm

Brazil’s BTG expands into UK equities

Lender hires manager from Ontario Teachers’ Pension Plan

6:30pm

Facebook pushes Oculus closer to reality

The Rift headset is expected to go on sale next year

Ed Miliband campaigning in Blantyre, near Glasgow, on Thursday. Labour leader Ed Miliband campaigns in the Scottish independence referendum near the Blantyre miners community resource centre in Scotland. PRESS ASSOCIATION Photo. Picture date: Thursday September 4, 2014. See PA story REFERENDUM Main. Photo credit should read: Danny Lawson/PA Wire

©PA

1:14pm UK

Labour leader moves on English MPs’ role

Miliband calls for commission to look at constitutional change

A pedestrian outside the HM Revenue & Customs building in Whitehall, London, Britain, 27 May 2009. Downing Street has said that ministers named in the Daily Telegraph "appear to have honoured their tax liabilities". More than 40 Labour ministers were reimbursed for help with tax returns. HMRC is understood to be looking at MPs' tax returns. EPA/ANDY RAIN

©EPA

1:29pm GLOBAL ECONOMY

Call to rethink hidden tax subsidy

NI tax subsidy for self-employed risen by two-thirds in two years

Delegates prepare to hear the opening remarks at the G20 Finance Ministers and Central Bank Governors Meeting in Cairns on September 20, 2014. Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two percent while being held back by a sickly eurozone recovery. AFP PHOTO/William WEST

©AFP

11:50am GLOBAL ECONOMY

US urges EU to do more to aid economy

G20 finance ministers seek steps to stimulate eurozone growth

FTfm

©Getty

Scottish vote awakens Brexit fears

‘Destabilising’ effect of referendum on EU membership feared
Hedge funds have lost that lovin’ feeling

High fees and a lack of performance are turning investors against the strategy, finds David Oakley
Regulators get tough on financial crime

Fund management staff who break the rules face more draconian deterrents

E35J9Y Ministers arrive at 10 Downing Street for a Cabinet meeting Featuring: Lord Hill Where: London, United Kingdom When: 02 Jul 2013

©WENN/Alamy

2:24pm WORLD

Hill prepares for Brussels’ baiting

British commission nomination prepares for hearing

Afghan presidential candidates Ashraf Ghani (L) and Abdullah Abdullah speak during a joint press conference with US Secretary of State John Kerry (Unseen) in Kabul on July 12, 2014. US Secretary of State John Kerry on July 12 held a second day of talks with Afghanistan's feuding presidential hopefuls, seeking a deal to "clean up the tally" after disputed elections. AFP PHOTO/SHAH Marai

©AFP

5:45pm WORLD

Afghan presidential rivals to share power

US-brokered deal gives substantial power to the losing candidate

epa04407603 Yemeni army personnel loyal to the Shiite Houthi movement shout anti-Government slogans during a rally in Sana’a, Yemen, 19 September 2014. Reports state Shiite Houthi fighters have pushed into Yemen’s capital Sana'a, clashing with government troops in the city’s northwest outskirts with further reports claiming the State TV building was targeted after transmission was cut. EPA/YAHYA ARHAB

©EPA

4:05pm WORLD

Yemen’s prime minister submits resignation

Move to quit comes amid reported advance by Shia Houthi rebels

Jack Ma, founder of Alibaba, smiles during the company's IPO at the New York Stock Exchange, Friday, Sept. 19, 2014 in New York. The stock is expected to start trading Friday under the ticker "BABA." The IPO values Alibaba at $167.62 billion, larger than the current market value of Amazon, Cisco, and eBay. (AP Photo/Mark Lennihan)

©AP

6:02pm COMPANIES

Pressure to deliver on Alibaba rhetoric

Ma will have to execute after telling investors ‘trust us’

Alibaba From FOMO to FOGI
Video Alibaba makes history

Comment and Analysis

12:52pm The Monday Interview from MANAGEMENT

Thomas Pritzker: the multifaceted Hyatt chairman

He broke up his family’s empire but wants to be seen as a builder

©PA

4:41pm Editorial from COMMENT

Ireland shows Europe the way ahead

Strong growth demonstrates that tough choices do pay off

6:52pm

Matthew Engel from LIFE & ARTS

Golf unites Europe like nothing else does

No other event in sport is quite so cosmopolitan in appeal

Best comments from our readers

"I've observed an apparently disproportionate number of my MBA peers throwing the towel in recently for more 'fulfilling' tracks. The problem seems to be the disappointed expectations of my vintage: the crazy years of 2006/7 immediately following graduation created an assumption that there was easy money to be made, but the financial crisis made the going much tougher."
By JadedW11 on Is the midlife crisis just an excuse?

"The next thing to fix is the council tax anomaly. The amount of council tax payable on a £40m property in Belgravia is comparable to that on a sub-£1m property in other parts of central London. This makes no sense - a change to this would be an easy way to tax the untaxable."
By Baron Silas Greenback on Tax changes hit wealthy foreign homebuyers

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