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Financial Times Profile picture
@FinancialTimes
Apr 21, 2021 • 7 tweets • 4 min read • Read on X
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Russia will withdraw from the International Space Station (ISS) in 2025 as Moscow seeks to build its own and turns to China for co-operation
on.ft.com/3dzPLj4
Russia’s decision to leave the ISS would sever one of the most prominent and long-lasting areas of collaboration between Moscow and Washington ft.com/content/a15185…
The US and Russia jointly launched the ISS in 1998 in what was seen as a major step to rebuild ties between the cold war adversaries that had spent more than four decades competing with each other for extraterrestrial supremacy ft.com/content/a15185…
Vladimir Putin, Russia’s president, recently called for the country to ‘properly maintain its status as one of the leading space . . . powers’ in a speech to mark the 60th anniversary of the first-ever human space flight of Soviet cosmonaut Yuri Gagarin ft.com/content/a15185…
Recent years have seen a number of clashes between the US and Russia over their competing space activities. Leaving the ISS, which orbits 420km above the earth, may also imperil co-operation between Russia and the European Space Agency ft.com/content/a15185…
Russia has faced newly imposed US sanctions and condemnation from Europe over the jailing of opposition activist Alexei Navalny; abandoning the ISS is the latest addition to recent tensions between Moscow and western capitals ft.com/content/a15185…
News of the intended withdrawal from the ISS comes after Russia signed a memorandum with China to jointly build a base on or orbiting the Moon, after rebuffing an offer from the US to join a Nasa-led project for a similar lunar base ft.com/video/7fd4be0f…

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More from @FinancialTimes

Financial Times Profile picture
Jun 16, 2023
Four FT pieces were recognised at the 2023 Awards for Editorial Excellence by the Society of Publishers in Asia. Read the winning works 👇 (1/5) Image
A shortage of heirs jeopardises Japan's family enterprises and threatens its economy. This engaging read by @Urbandirt, @SugiuraEri and @slodek earned an award for excellence in arts and culture reporting (2/5) ft.com/content/dc5c19…
@Urbandirt's commentary on rising resentment among Japan's young workers towards unproductive older colleagues received an honourable mention (3/5) ft.com/content/4012c8…
Read 5 tweets
Financial Times Profile picture
Jun 8, 2023
New investigation: thirteen women who worked for Odey Asset Management or had dealings with its founder Crispin Odey told the FT that he abused or harassed them.

Eight alleged he sexually assaulted them.

Nine of them are telling their stories for the first time… twitter.com/i/web/status/1…
The incidents, which occurred between 1998 and 2021, included masturbating on a female entrepreneur after a business meeting and forcing a friend’s hand on to his penis ft.com/content/e5d143… twitter.com/i/web/status/1… Image
The FT once described Crispin Odey as ‘a large puppy in a pinstripe suit’. F​​or three decades he has reigned over London’s hedge fund scene.

At his firm, once one of Europe’s largest hedge fund companies, he found many of his targets ft.com/content/e5d143… Image
Read 7 tweets
Financial Times Profile picture
Mar 31, 2023
🧵'Dare to fight' — Xi Jinping used the phrase recently to sum up China's new foreign policy. We break down Beijing's bid to shape the world around its own interests 👇(1/7) on.ft.com/42T0VXA
Xi has adopted a more assertive stance on foreign relations in the past decade, militarising artificial islands in the disputed South China Sea and becoming more aggressive towards Taiwan (2/7) on.ft.com/42T0VXA China has adopted a more assertive stance on foreign relatio
Since 2013, China has sent more diplomatic missions to the Middle East than the west. This month, it convinced Iran and Saudi Arabia to resume diplomatic ties after a seven-year rift (3/7) on.ft.com/42T0VXA Beijing achieved a notable diplomatic success recently by me
Read 7 tweets
Financial Times Profile picture
Mar 22, 2023
🧵UBS executives have started trying to sell investors on the benefits of its $3.25bn shotgun marriage with Credit Suisse. Here's what the Swiss bank might look like after it fully takes over its defunct rival 👇 (1/6) on.ft.com/40lq9M8 Chart showing Credit Suisse's tangible book value per share
🏦 After the takeover, UBS would become the second-largest private bank in the world after Morgan Stanley, with $3.4bn of wealth management assets (2/6) on.ft.com/40lq9M8
👥 If UBS holds on to Credit Suisse's most valuable asset, its domestic bank, thousands of jobs could be threatened as branches are closed and duplicate administrative roles removed (3/6) on.ft.com/40lq9M8 Graphic comparing the employees Credit Suisse and UBS respec
Read 6 tweets
Financial Times Profile picture
Mar 15, 2023
🧵 How is China's economy doing? We break down Beijing's first comprehensive overview of economic activity since it ended its zero-Covid rules in three charts 👇 (1/5) on.ft.com/3ZZiEdQ
🛍️ China's retail sales grew 3.5% year on year in the first two months of 2023, compared with declines in the previous three months (2/5) on.ft.com/3ZZiEdQ
🚘 But there were some weak spots in the positive retail figures. China's car sales contracted 9.4% year on year in January and February, compared with growth of 4.6% in December (3/5) on.ft.com/3ZZiEdQ
Read 5 tweets
Financial Times Profile picture
Mar 14, 2023
Silicon Valley Bank imploded last week under the strain of depositors pulling out their money in droves.

How did the chaos unfold? Here is a timeline of what happened 🗓
ft.com/content/56a8df…
Wednesday: Silicon Valley Bank, the US’s 16th-largest lender, said it lost about $1.8bn.

Customers got scared the bank would not be able to pay out their deposits and a bank run started ft.com/content/56a8df…
Thursday:
👉SVB’s share price fell 60%
👉The bank failed to raise capital
👉Customers withdrew $42bn in a single day ft.com/content/56a8df…
Read 7 tweets

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