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    Former Miami Heat all-star Dwyane Wade shares his advice on managing money

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    Time trickles away for a success at the WTO

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    Portugal pledges to cut debt as borrowing costs rise

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    Pessimism engulfs the Chinese economy as foreign investment fades

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    BoE chief economist warns on UK’s strong ‘inflationary momentum’

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    Travis Scott contributes $1 million to black students after deadly stampede

    Travis Scott contributes $1 million to black students after deadly stampede

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    Polygon raises $3.6M for virtual learning difference evaluations

    Polygon raises $3.6M for virtual learning difference evaluations

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    Sleepio becomes first digital therapeutic to receive NICE guidance

    Doximity reports nearly $344M in revenue for fiscal 2022

    Doximity reports nearly $344M in revenue for fiscal 2022

    Sidekick and Pfizer launch digital therapeutics solution for Atopic Dermatitis

    Sidekick and Pfizer launch digital therapeutics solution for Atopic Dermatitis

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    Kimone Peart Fast-Rising Fashion Model And Influencer

    Kimone Peart Fast-Rising Fashion Model And Influencer

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    Why Should A House Owner Choose An Eco-Friendly Painting?

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    Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

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    Pathological Liar Kellyanne Conway Claims Trump Thought About Quitting After Access Hollywood Tape

    WSJ Editorial Notes The Danger Of Having Trump Involved In Primary Process, But Ignores Danger To Democracy

    WSJ Editorial Notes The Danger Of Having Trump Involved In Primary Process, But Ignores Danger To Democracy

    House Republicans Claim They Only Offered Family Tours On The Eve Of 1/6 Attack

    House Republicans Claim They Only Offered Family Tours On The Eve Of 1/6 Attack

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    ‘One of the most dangerous plays I’ve ever seen’

    ‘One of the most dangerous plays I’ve ever seen’

    Lakers legend Magic Johnson ‘speechless’ after uninspiring loss to shorthanded Trail Blazers

    Lakers legend Magic Johnson ‘speechless’ after uninspiring loss to shorthanded Trail Blazers

    Odell Beckham Jr. reveals how close he was to signing with the Patriots after Bill Belichick recruitment

    Odell Beckham Jr. reveals how close he was to signing with the Patriots after Bill Belichick recruitment

    WTA still have ‘concerns’ for Peng Shuai, call for sexual assault investigation

    WTA still have ‘concerns’ for Peng Shuai, call for sexual assault investigation

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    The hype around DeepMind’s new AI model misses what’s actually cool about it

    The hype around DeepMind’s new AI model misses what’s actually cool about it

    The baby formula shortage has birthed a shady online marketplace

    The baby formula shortage has birthed a shady online marketplace

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    5G private networks enable business everywhere

    5G private networks enable business everywhere

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    Vladimir Putin underwent successful cancer surgery last week, it is claimed

    Vladimir Putin underwent successful cancer surgery last week, it is claimed

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    Ukraine war. Ex-Russian commander says it is ‘meaningless to hope for victory’ in Donbas

    President Zelensky says Russian forces have ‘completely destroyed’ Donbas region of Ukraine

    President Zelensky says Russian forces have ‘completely destroyed’ Donbas region of Ukraine

    Animals covered in gaping wounds lie in filthy cages in shocking footage from Bulgarian mink farm

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FirstFT: Belarus threatens to cut off EU gas as migrant crisis escalates

admin by admin
November 12, 2021
Reading Time: 7 mins read
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FirstFT: Belarus threatens to cut off EU gas as migrant crisis escalates


Good Morning. This article is an on-site version of our FirstFT newsletter. Sign up for our Asia, Europe / Africa or America edition to have it sent straight to your inbox every morning of the week

How well are you kept up-to-date with the news this week? Take our quiz.

Belarusian President Alexander Lukashenko has threatened to block the transit of gas and goods to Europe if the EU imposes further sanctions on his regime because of the migration crisis on the Belarusian-Polish border.

Lukashenko responded to an announcement by Ursula von der Leyen, President of the European Commission, on Wednesday that the bloc would extend sanctions and accused Minsk of a “cynical geopolitical power game” aimed at bringing migrants to the EU’s borders smugglers to destabilize them.

Lukashenko warned on Thursday that he would react to “unacceptable” sanctions.

“We are heating up Europe and they are threatening to close the border,” he said, according to the Belarusian state news agency Belta. “What if we turn them off? . . We shouldn’t stop at anything to defend our sovereignty and independence. “

Lukashenko’s remarks came as European gas prices skyrocketed amid concerns about low supplies ahead of winter.

Thank you for reading FirstFT Europe / Africa. Here’s the rest of today’s news – Gary

Five more stories on the news

1. Foreign home ownership tripled The number of homes in England and Wales owned by foreign buyers has nearly tripled in the last decade as residents of tax havens and Asia bought into the UK property market, raising concerns that wealthy offshore investors are priceing local residents out. Hong Kong was the largest source of buyers.

Overseas ownership has risen in cities like Liverpool and Salford, Pictured © Joel Goodman / LNP / Shutterstock

2. Tory MPs accuse Johnson of hypocrisy Boris Johnson, who earlier this week ordered MPs to “focus primarily on their constituents” instead of doing secondary jobs, has for the past 14 years, according to the Financial Times ‘calculations based on MPs’ register of financial interests

3. Sweden is no longer outstanding from the pandemic, says Tegnell While a commission is investigating Sweden’s Covid-19 response, epidemiologist Anders Tegnell – the architect of its early ‘no lockdown’ approach – tells the FT that the country had one of the lower excess mortality rates in Europe while it was closer on other measures take the mean.

4th Hungary imposes fuel price cap as inflation rises Hungary will cap gasoline and diesel prices from Monday as the country tries to control rising inflation, Prime Minister Viktor Orban’s chief of staff said ahead of next year’s likely highly competitive elections.

5. Uber CEO flies to London amid driver shortage Uber CEO Dara Khosrowshahi spent 24 hours in London this week – his first international trip during the pandemic – as the ride-hailing giant faces a 20,000 driver shortage ahead of the Christmas peak season.

COP26 digestion

  • A Thaw between the US and China on climate cooperation changed the mood at COP26, even if the joint declaration did not contain any major commitments.

  • The negotiators hurry up the rules for a World market for carbon, known as Article 6.

  • Eight of Europe leading business schools put rivalries aside to form an alliance for education, research and operations to combat climate change.

  • Opinion: We shouldn’t rashly dismiss “blah, blah, blah” on the subject of the climate, writes Gillian Tett.

Thank you to the readers who shared their thoughts on the progress – or lack of it – at COP26. From reader John Bittleston in Singapore:

“Has there been enough significant progress made at COP26? Obviously not, but the spread of cooperation and the US-China deal suggest that cooperation is the buzzword now. This is a big step forward “

The day ahead

Libya Conference French President Emmanuel Macron will host an international Libya conference in Paris today. Egypt’s President Abdel Fattah al-Sisi is also expected to participate. (Reuters)

India inflation The consumer price index is expected to remain stable today, but the release will be watched closely for any final hints on inflation ahead of the Reserve Bank of India’s rate-fixing meeting in December. (Reuters, FT)

Merits AstraZeneca reports today, with investors seeking clarity on whether the drug maker plans to sell its Covid-19 vaccine after the pandemic ends. Deutsche Telekom, Mizuho, ​​Rakuten, Sumitomo Mitsui and Toshiba will also report results.

What else we read and look at

First class broking clamps for a new era European and US banks have long used prime broking, a business with stable, if unspectacular returns, to build more lucrative relationships with hedge funds. Credit Suisse’s decision to get out of business in the aftermath of the collapse of Archegos Capital shows how the industry is changing.

Bar chart of Based on funds serviced since launch from 2021 with top prime brokers

Weakened UK economy emerges from Covid fog Has the economy regained the ground it lost during the crisis or was the damage so great that it will take two years to return to pre-pandemic levels? According to the Bureau of National Statistics, both statements are correct, writes Chris Giles.

Can the Vatican reform its finances? An FT film examines the finances of the Holy See and ponders how a breakthrough case related to a controversial London real estate deal could impact Pope Francis’ reforms in the city-state.

India’s ID system keeps warnings in place for the world Aadhaar’s biometric digital identification system has fueled India’s explosive online activity. But it has also enabled the mass surveillance infrastructure to be built piecemeal, writes John Thornhill.

Parties are back – but what are the rules? Our shut-in days are over and that means a return to old routines – and parties. As the spirit of conviviality returns to New York and London, Esquire editor-in-chief Alex Bilmes asks: Can things ever be the same again?

Books

What’s your favorite book in 2021? The FT wants reader recommendations for the best reading of the year. The answers will be published as part of our Books of the Year series, which selected a number of FT authors and critics.

A busy bookcase

Tell us about your favorite reading and get a few tips too © Getty Images / iStockphoto

Thank you for reading and remember that you can add FirstFT to myFT. Send your recommendations and feedback to firstft@ft.com

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