Shares in several of Brazil’s large state-controlled companies, including Petrobras and Banco do Brasil, have endured a week of swings as investors worry that the new administration of Luiz Inácio Lula da Silva will take a more interventionist approach.Petrobras, Latin America’s largest energy group, at…

Crypto exchange Huobi Global has revealed plans to cut hundreds of jobs amounting to about a fifth of its workforce in the wake of last year’s implosion of competitor FTX. Huobi, which is one of the world’s most prominent digital asset companies and was founded…

Hello and welcome to the first 2023 edition of the FT’s Cryptofinance newsletter. This week, we’re taking a look at whether crypto turned over a new leaf after a grim 2022. Spoiler alert: it did not.Some of the crypto industry’s biggest names have been embroiled…

It’s been well over a decade since the young field of behavioural economics — which challenges classical economic theory by digging into complex psychological factors behind decision-making — took the political world by storm. Barack Obama appointed Cass Sunstein, co-author of the hit behavioural economics…

European stocks and Wall Street futures wavered on Friday, as investors watching for signals of the future path of interest rates cautiously awaited the release of December’s eurozone inflation figures and a crucial US jobs report.The regional Stoxx Europe 600 traded flat while London’s FTSE…

Shell expects to pay a total of nearly $2.4bn in windfall levies in the EU and UK for 2022, meaning it will pay UK tax for the first time since 2017.The oil major said on Friday that it expected to pay an additional $2bn in…