#11bn

`` ` Gain complimentary access to the Editor’s Summary Roula Khalaf, the FT’s Editor, curates her preferred articles in this weekly bulletin. ` ` ` `The primary financial watchdog in the UK intends to slash up to £1bn from the reparations owed by vehicle manufacturers due to their internal lending divisions’ participation in an automotive credit misconduct controversy.` `This proposed…

Much of the £10.9bn in taxpayer money lost to fraud and error in Covid support schemes is now “beyond recovery”, a report has said. The response to the pandemic had led to “enormous outlays of public money which exposed it to the risk of fraud and error” with many organisations unprepared, the Covid Counter Fraud Commissioner, Tom Hayhoe, said. Employment support schemes set up by the previous…

Global investors have been shedding China’s blue-chip stocks during the longest stretch of outflows on record, showing even the nation’s industry leaders are falling out of favour as a rout deepens.Foreign investors sold 6.2 billion yuan ($851 million) of Kweichow Moutai during August 7-18, making China’s largest liquor maker the most heavily sold stock through trading links with Hong Kong. It…

انڈونیشیا کا GoTo $1.1bn کے IPO میں 23 فیصد بڑھ گیا۔ معیشت

پہلی شروعات اس وقت ہوئی جب ریکارڈ وینچر فنڈنگ ​​جنوب مشرقی ایشیا کی سب سے بڑی معیشت میں اسٹارٹ اپ کی لہر پیدا کر رہی ہے۔ انڈونیشیا کی سب سے بڑی ٹیک کمپنی کی جانب سے دیگر ٹیک پیشکشوں کے لیے موڈ ترتیب دیتے ہوئے، ایک وسیع پیمانے پر متوقع IPO میں $1.1bn جمع کرنے کے بعد پیر کو GoTo کے حصص ان کی مارکیٹ کی شروعات میں 23 فیصد تک بڑھ گئے۔ GoTo کے شیئرز 416 روپیہ ($0.029) تک بڑھ گئے ہیں بمقابلہ ان کی…