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UK regulator launches investigation into WHSmith following accounting errors

FCA probes potential transparency breaches as retailer seeks to claw back bonuses from former executives

France sided with Belgium, Italy and smaller states in backing joint debt for Ukraine instead

Volumes edged down 0.1% in November, reflecting subdued mood among consumers

Move comes after Italian prime minister pleads for more time from Brazilian president

Plus, Trump in Venezuela

Blackstone’s holiday video; information asymmetry; BoE Xmas quiz; Hyperion; AI and systemic risk; the lost generation; Trump crypto

Sonja Hutson and Ian Hodgson talk to Brady Carvajal, Polina Dorman and others

Also in this newsletter: Why Brussels’ U-turn on combustion engines won’t halt EVs

FTAV goes hedge fund headhunting through the ages

Japanese entertainment group raises stake in beloved US cartoon as it seeks to build out global franchises

Also in today’s newsletter: TikTok’s new US joint venture and Britain names US envoy

Yields on 10-year government bonds hit highest level since 1990s after central bank’s fourth rate increase

Marc Filippino talks to Claer Barrett

Plus, the newest merger shaking up Big Law and private equity giants make billions on Medline’s IPO

A stalled economic conveyor belt is behind the rise of anti-system, anti-growth parties on both the right and left

UN estimates that 55,000 families have been affected by rain in enclave where reconstruction is a distant prospect

It is not too late to reverse bad policy but that requires good governance

The chef and podcast host talks taste — and trimmings

Airlines on track for the biggest holiday season getaway in history as industry braces for record demand

Financial gamification has upended traditional patterns of trust and oversight

From Ukraine’s trenches to covert moviemaking in Iran, and an imagined nuclear strike on the US to the reloaded ‘Naked Gun’

While flower beds slumber through the British winter, artists are at work capturing their beauty. But the genre is too often under-appreciated

Advertising group’s new CEO plans restructuring and says traditional agency model is from a ‘bygone era’

Stablecoin giant’s Devasini is director of groups that bought Peak Mining from Northern Data