The Times: The Financial Conduct Authority has blacklisted Binance, one of the world’s biggest cryptocurrency marketplaces, over its failure to meet money-laundering controls.
The Daily Telegraph: The huge sums of public money pumped into Covid support and green subsidies will lead to a new wave of trade disputes, Oliver Griffiths, the head of Britain’s post-Brexit tariffs watchdog, has warned.
Financial Times: Shareholders in Toshiba have prolonged ‘instability and uncertainty’ at the troubled conglomerate, said a director who saw no choice but to resign following last Friday’s investor revolt.
Business and economics
The Guardian: The strength of the UK jobs market and rates of pay has been overstated, according to the Resolution Foundation, just as the government prepares to scale back its furlough scheme this week.
The Daily Telegraph: Volkswagen plans to halt production of petrol and diesel engines for European models as soon as 2033, as it accelerates towards electric vehicles.
The Guardian: The cruise ship Britannia will set sail on Sunday evening for the first time since the start of the pandemic.
The Times: Booming raw materials prices knocked profit growth at Chinese industrial companies last month, feeding through into the wider economy and fuelling fears of inflation.
The Times: Patrick Bergin, the former chief executive of Crest Nicholson, one of the country’s biggest developers, has become the finance chief at Ilke Homes, which builds its houses in a factory in Yorkshire.
The Daily Telegraph: A cabinet split has opened up over Britain’s steel industry, which is fighting to keep ‘safeguards’ that protect it from imports of cheap foreign steel.
The Daily Telegraph: The Treasury is in talks to allow pension pots worth billions of pounds to be invested in start-ups, infrastructure and green energy projects to help drive the economic recovery.
The Times: The government has failed to set out its approach to industrial policy following the scrapping of the industrial strategy, leaving many businesses unclear about the future of the economy, a report by a parliamentary committee has concluded.
The Daily Telegraph: Households could be forced to fund power plants abroad as ministers race to hit Boris Johnson’s net-zero carbon target.
The Times: Wood Group will this week seek judicial approval for a deferred prosecution agreement with the Serious Fraud Office to resolve a bribery and corruption investigation.