Connect with us

Business

How Erdoğan’s trip to see Putin signals he’s still playing middleman

Published

on

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newsletters

Good morning. Today, our Russia correspondents report on Turkish President Recep Tayyip Erdoğan’s move to thumb his nose at the west with a productive visit to Russia, and our parliament correspondent details how the enlarged far-right contingent in the European parliament is already throwing its weight around.

The Sultan and the Tsar

Recep Tayyip Erdoğan arrived in Kazan yesterday for a meeting with Vladimir Putin, in which the Turkish leader flaunted his easy camaraderie with his Russian host — and reminded his western allies of his power as a go-between, write Charles Clover and Daria Mosolova.

Context: Russia and Turkey have historical ties and Erdoğan has sought to stay close to Putin in recent years despite Moscow’s invasion of Ukraine, walking a diplomatic tightrope that takes into account Ankara’s membership of Nato and its similarly close links with Kyiv.

Advertisement

Erdoğan was greeted upon arrival with a taste of chak-chak, a traditional fried dough from Tatarstan, the heart of Russia’s Turkic cultural past, ahead of a 55-minute meeting with the Russian leader.

Erdoğan was the only Nato member among the 24 national leaders in Kazan to attend a summit of the Brics group. That represents a genuine diplomatic coup for Putin, and was conspicuous if not surprising for Erdoğan, who frequently chafes against his western allies by acting as a would-be middleman for Moscow.

Their bilateral meeting was overshadowed by a terrorist attack in Ankara earlier in the day, which killed five and wounded 22.

Erdoğan voiced a desire for Turkey to join Brics and also invited Putin to visit Ankara, a high stakes move if it went ahead given Turkey’s Nato membership and proximity to Europe.

Advertisement

Putin stayed away from last year’s Brics summit after South Africa warned him it would have to comply with an arrest warrant from the International Criminal Court (of which Turkey is not a member).

Putin said being a Nato member should not prevent Turkey from joining the Brics, and clearly being a Nato member has not prevented Turkey from doing a number of things with Russia — such as maintaining good relations throughout the Ukraine invasion, while also selling Bayraktar combat drones to Ukraine.

While the two backed opposing sides in civil wars in Syria and Libya, they have typically found economic reasons to maintain warm relations: Russia struck a deal to sell cheap gas to Turkey in 2023, giving the country a key economic lifeline ahead of Erdogan’s most recent re-election.

But there are other signs that Ankara knows it needs to play both sides.

Advertisement

This week the FT reported that Turkey has secretly barred exports to Russia of US military-linked hardware after Washington warned Ankara of “consequences” if it did not halt the trade. Ankara has in recent weeks adjusted its customs systems to block exports of more than four dozen categories of goods of US origin.

Chart du jour: A punt on Pyongyang

Vladimir Putin is betting on North Korean troops to retake Kursk from Ukraine, with Pyongyang’s “Storm Corps” becoming the first foreign army contingent deployed in Russia’s war.

Budget bust-up

The populist right which surged in June’s European elections is beginning to flex its muscles in parliament, with a shock vote against a resolution on the EU’s 2025 budget, writes Andy Bounds.

Context: MEPs did agree on a budget proposal. But a bewildering set of votes on an accompanying political resolution saw a far-right amendment to allow EU money to build border infrastructure pass before those who proposed it rejected the overall resolution.

Advertisement

Parliament has three hard-right groups. With increasing extremism, they are the ECR, home to the party of Italian premier Giorgia Meloni; the Patriots, dominated by Marine Le Pen’s Rassemblement National of France, and the Europe of Sovereign Nations (ESN) which includes the Alternative for Germany.

ESN put forward the amendment on funding border walls to keep out migrants and the Patriots, ECR and the centre-right European People’s party backed it. Migration has surged up the agenda in recent weeks to become one of the bloc’s most politicised issues.

Though the European Commission allows spending on watchtowers, cameras and similar infrastructure, it has consistently said walls could breach its legal restrictions on human rights grounds. 

This led outraged liberal and leftwing groups to reject the resolution. Fabienne Keller, of the liberal Renew group, said she “deplored” the EPP’s alliance with the far right”.

Advertisement

“The parliament is becoming ungovernable,” said one centrist party official. 

Three weeks of talks with the council of the EU’s 27 member states will now begin, as the parliament fights to restore €1.5bn of funding cuts before a final vote in November.

What to watch today

  1. European parliament president Roberta Metsola visits Italy, meets Prime Minister Giorgia Meloni.

  2. Slovakia’s President Peter Pellegrini visits Germany, meets Chancellor Olaf Scholz and President Frank-Walter Steinmeier.

Now read these

Recommended newsletters for you

Trade Secrets — A must-read on the changing face of international trade and globalisation. Sign up here

Swamp Notes — Expert insight on the intersection of money and power in US politics. Sign up here

Advertisement

Are you enjoying Europe Express? Sign up here to have it delivered straight to your inbox every workday at 7am CET and on Saturdays at noon CET. Do tell us what you think, we love to hear from you: europe.express@ft.com. Keep up with the latest European stories @FT Europe

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Celebrate spooky season in style with our horrifying* new merch

Published

on

Celebrate spooky season in style with our horrifying* new merch

With a week to go until Hallowe’en, we’ve popped some seasonal designs up on the FT Alphaville swag shop. Read ’em and weep (with terror):

Don’t worry, the actual resolution is waaaaaaaay better than this

You can find “Long Lags” here, and “Carry” here.

You could look THIS happy! © Redbubble/FTAV

Orrrrrrrr, you can go back to the classics with our “Jay” design, seen here in sweatshirt form:

Just don’t forget to check out the many other designs we do.

And remember: if none of these products appeal, buy some anyway: the more you spend, the greater the chance we end up adding something you do like in the future. Future design ideas go in the white box at the bottom.

Further reading:
Style homepage (FT)

Source link

Advertisement
Continue Reading

Money

Trainline issues huge warning to passengers that must be followed or risk £100 fine

Published

on

Trainline issues huge warning to passengers that must be followed or risk £100 fine

TRAINLINE has issued a huge warning to passengers that must be followed or could risk being hit with £100 fine.

The digital platform, which allows customers to book travel online, is reminding users they can not use their Railcard on every train journey.

Trainline is reminding customers of rules surrounding railcards.

1

Trainline is reminding customers of rules surrounding railcards.Credit: Alamy

A railcard is a discount card for young and retired people which helps them shave around a third off their travel costs.

Advertisement

However, Trainline said some Railcards can only be used on fares that are above a certain price, at a certain time. 

While others have specific restrictions on the times you can travel. 

For example, if you’re travelling between 4:30am and 10am, some Railcards can only be used on fares that cost £12 or more.

If you do not adhere to these rules you could face a £100 fine for not complying with the ticket rules.

Advertisement

A Trainline spokesperson told The Sun it is changing how it presents information to make the rules more easy for customers to understand.

They said: “While we have always applied railcards correctly and presented the right fees to our customers, recent events highlighted a sense of confusion for passengers around rail industry terms and conditions.

“And so, we have changed how we present this information in the booking flow, as well as adding information to our website, to give customers clarity when buying their tickets”

Travel cards have been in the spotlight recently after it was reported that Northern Rail passengers could be entitled to compensation.

Advertisement

The travel giant said it was dropping cases of people accused of wrongly using a 16-25 railcard to get discounted travel at the wrong time of the day, The Telegraph reported.

It was said that Northen was breaking a rule whereby passengers with a railcard travelling on the wrong train must be offered the chance to pay back the difference “on the spot”.

Instead, the travel giant was accused of whacking travellers with a find on the spot

A Northern Rail spokesperson told the outlet: “We are withdrawing any live cases and will also look to review anyone who has been prosecuted previously on this specific issue”.

Advertisement

The Sun has contacted Northern Rail for a comment,

How to avoid a fine when using your Railcard

Railcards are available to a number of different age groups, including students, young professionals and the elderly.

You have to pay for the card with the price usually working out at around £30 for a year or £70 for three years.

A number of different companies issue Railcards, such as Trainline which is the official retailer of Railcards by National Rail.

Advertisement

Trainpal is another option but the price remains the same.

Using the discount can help you save around a third on your travel costs.

However, it is important to note that you could be fined if you travel during peak time or pay a certain amount for your ticket.

This is especially important when you buy Anytime tickets or other flexible tickets.

Advertisement

For example, if you travel on a train before 10am and have used your Railcard to buy your ticket, make sure you didn’t pay less than £12.

This is because the ticket won’t be valid before 10am – even though it’s an Anytime ticket.

To avoid fines make sure that if you end up travelling on an earlier train, make sure to double-check any restrictions. 

You can read about the restrictions surrounding Railcards by visiting, https://www.railcard.co.uk/help/railcard-terms-and-conditions//

Advertisement

Different types of Railcard

  • 16-25 Railcard:
    • Eligibility: Available to anyone aged 16-25, or mature students aged 26 and over who are in full-time education.
  • 26-30 Railcard:
    • Eligibility: Available to anyone aged 26-30.
  • Senior Railcard:
    • Eligibility: For those aged 60 and over.
  • Two Together Railcard:
    • Eligibility: For two named individuals aged 16 or over who travel together.
  • Family & Friends Railcard:
    • Eligibility: Up to four adults and four children (aged 5-15) can travel on one card.
  • Disabled Persons Railcard:
    • Eligibility: Available to those with a disability that makes travelling by train difficult.
  • Network Railcard:
    • Eligibility: For anyone, but only valid for travel in the Network Railcard area (South East of England)..
  • HM Forces Railcard:
    • Eligibility: For members of the armed forces and their families.
  • 16-17 Saver:
    • Eligibility: Available to anyone aged 16-17.

Source link

Continue Reading

Business

Pubs face closure without Budget help, says industry giant

Published

on

Pubs face closure without Budget help, says industry giant

Pubs face widespread closures unless the chancellor announces an extension to business rates relief in next week’s Budget. the UK’s biggest pub company has warned.

David McDowall, boss of Stonegate Group, whose pubs include Slug & Lettuce, Yates’s and Walkabout, said thousands of landlords currently make just 12p of profit for every pint of beer they sell.

Help on business rates for the hospitality sector in England and Wales is set to run out in April.

Mr McDowall said that if it is removed, small publicans will see their business rates bill quadruple from April.

Advertisement

Along with other costs the businesses are facing, he feared “they don’t have any more to give”.

Rates relief was introduced for pubs, restaurants, bars and cafes in 2020 in response to the Covid pandemic when businesses were forced to close.

In the Budget in November last year, the then Chancellor, Jeremy Hunt, announced it had been extended until April next year.

The measure means that companies in England can claim 75% relief on business rates up to £110,000, or 40% for firms in Wales.

Advertisement

Mr McDowall told the BBC’s Today programme that the hospitality industry has faced a “barrage” of challenges in recent years.

These include recovering from Covid as well as high inflation, energy costs in the aftermath of Russia’s invasion of Ukraine and the effect of the cost of living on customers.

“The complete removal of that rate relief would prove very, very costly for pubs, bars, restaurants and cafes up and down the length and breath of the UK”, he said.

The British Beer and Pub Association recently revealed that landlords make 12p profit per pint. The average price of a pint of draught lager was £4.79 in September, according to the Office for National Statistics.

Advertisement

Mr McDowall is one of a number of representatives from the hospitality industry who this week signed a letter to Chancellor Rachel Reeves asking for relief to be extended.

It warned about “the onrushing business rates cliff edge” facing firms 153 days after she delivers the Budget.

On Thursday, Hospitality UK and the British Retail Consortium, whose members also benefit from relief, said that in the year to March, businesses in these sectors paid nearly £9bn in business rates.

This is nearly a third of the total amount of revenue the government raises from business rates.

Advertisement

They said that if relief is removed, it would cost hospitality and retail an additional £2.5bn.

Earlier this week, Hospitality UK also called on the chancellor to stick to Labour’s manifesto pledge to reform business rates.

The amount businesses pay is based on how much annual rent could be charged on the premises – which is known as the rateable value.

Hospitality UK argued that, because its businesses can usually be found in central locations such as High Streets, the cost to companies is high.

Advertisement

Without reform “investment in our high streets will be curtailed, employment opportunities will be squandered and ultimately, we will see higher levels of business failure,” it said.

The Treasury has been contacted for comment.

Source link

Advertisement
Continue Reading

Money

I visited Greggs’ new champagne bar – I loved a cocktail that is just like an iconic childhood treat

Published

on

I visited Greggs' new champagne bar - I loved a cocktail that is just like an iconic childhood treat

GREGGS is not a name you associate with fine dining or fancy booze.

However, as I tucked into a sausage roll covered in hot chilli sausage while drinking a £95 glass of champagne, I was surprised by how well they went together.

Consumer reporter Sam Walker got to try out Greggs' new champagne bar

4

Consumer reporter Sam Walker got to try out Greggs’ new champagne barCredit: North News
The marbled bar is staffed by posh waiters in bow ties

4

Advertisement
The marbled bar is staffed by posh waiters in bow tiesCredit: NORTH NEWS
Inside the new champagne bar in Fenwicks

4

Inside the new champagne bar in FenwicksCredit: NORTH NEWS

Yesterday, I visited the chain’s new champagne bar pop-up in Newcastle.

The plush bar inside historic Fenwick’s Food Hall is opening to customers today and closing on December 31.

Shoppers will be able to get their hands on an assortment of savoury snacks including bakes, sausage rolls and melts with posh sauces, as well as cocktails based on classic sweet treats.

Advertisement

Foodies can even pair the savoury bites with some seriously posh champagne and Prosecco, with both small glasses and whole bottles on offer.

Prices for a glass start at £10 and range up to £75 while bottles start from £37 and go up to a whopping £425.

At the pre-launch of the champagne bar, I got a first try of some of the new Haute cuisine and bubbly on offer.

The space has been designed in the Art Nouveau style with a marble c-shaped bar which is scattered with crystal bells to call for attention.

Advertisement

A grand three-tiered glass display features a range of spirits too, with workers dressed in smart suit trousers and bow ties.

As I sat down, everything told me I was somewhere more akin to an underground club in 1900s Paris than your everyday Greggs branch.

I tried one starter, one main, two champagnes and a cocktail.

I’m a Greggs superfan and I’m visiting 190 stores in just eight days in my campervan…I’m only eating bakes from chain

First up was the £4 sausage roll with hot honey chilli sauce which came with bits of chopped fresh chilli inside.

Advertisement

I never would never think of combining sausage roll with a sweet chilli sauce, but it was surprisingly better than predicted.

The sticky and tart sauce blended with the salty pork sausage meat well and the fresh chilli added a subtle kick.

That said, if you gave me the option of choosing between this and having a sausage roll with tomato ketchup, I’d choose ketchup every time as the flavours just pair better.

For the main option I tried the chicken bake with katsu curry sauce and pickled cucumber, which costs £4.75.

Advertisement

If I’m not buying a sausage, bean and cheese melt at Greggs, a classic chicken bake is my next choice, but I was sceptical the trio of flavours would work together.

I must admit I was wrong though, and the umami flavour from the katsu sauce paired really nicely with the creamy white sauce from the chicken bake.

That, combined with the freshness of the pickled cucumber, and the trio of flavours made for a really balanced bite.

The two champagnes I had were the Bollinger Rosé Brut, which is £22 per glass or £95 a bottle, and the Perrier-Jouët Belle Epoque, on sale for £55 a glass or £295 a bottle.

Advertisement

The first was light, citrusy and really refreshing, with a subtle hint of apple in there for a bit of tang.

The Perrier was a bit more tart and aromatic, but I was less of a fan of this one.

I loved yum yums as a kid so I was buzzing to try to the yum yum twist cocktail next.

It combines rum with a yum yum flavoured soft drink and icing sugar around the rim of the glass and costs £11.

Advertisement

One sip and I was dragged back in time to being a school kid and tucking into a whole bag of the sweet pastries.

What’s on the menu?

Greggs’ champagne bar at Fenwick will be open daily from today, 11.30am to 6pm Monday to Saturday, excluding Thursdays, when it will shut at 7pm.

On Sundays, the bar will open at 11.30am and close at 4pm.

Shoppers keen to head down have to reserve ahead via www.fenwick.co.uk/events/restaurants/bistro-greggs-at-fenwick/bistro-greggs-at-fenwick

Advertisement

But what is actually on the menu crafted by Fenwick executive head chef Mark Reid? This is the full list with prices:

  • Sausage Roll with Hot Honey Chilli Sauce – £4
  • Vegan Sausage Roll with Harissa Coconut Yoghurt – £4
  • Cheese & Onion Bake with Romesco Sauce & Almonds – £4.50
  • Steak Bake with Peppercorn Aioli – £4.95
  • Chicken Bake with Katsu Curry Sauce & Pickled Cucumber – £4.75
  • Sausage, Bean & Cheese Melt with Bloody Mary Ketchup – £4.50
  • Prosecco – Ca di Alte – £10 for glass or £37 for bottle
  • Rosé Prosecco – Ca di Alte – £12 for glass or £42 for bottle
  • Gremillet Brut Champagne – £15 for glass or £55 for bottle
  • Bollinger Special Cuvée Brut – £18 for glass or £80 for bottle
  • Bollinger Rosé Brut – £22 for glass or £95 for bottle
  • Laurent Perrier Rosé – £25 for glass or £125 for bottle
  • Rare Champagne Millesime – £40 for glass or £210 for bottle
  • Perrier-Jouët Belle Epoque – £55 for glass or £295 for bottle
  • Louis Roederer Cristal – £75 for glass or £425 for bottle
  • “Pink Jammie Fizz” cocktail – £11
  • Yum Yum Twist cocktail – £11
  • Cream Eclair cocktail – £12
  • Non-Alcoholic Peach Melba cocktail – £7

Greggs loved to cause a buzz with its pop-up events – but it’s unlikely to be rolled out more widely.

If you live nearby then it would be easy to make the journey and pop in.

But will we soon see Greggs on posh menus? Unlikely.

Greggs’ autumn menu

Advertisement

Gregg’s tasty-autumn inspired menu is now available in stores across the UK for a limited time, here’s what’s on the menu:

  • Pumpkin Spice Latte – from £2.50
  • Over Ice Pumpkin Spice Latte – from £3
  • Salted Caramel Latte – from £2.50
  • Over Ice Salted Caramel Latte – from £3
  • Orange Mocha – from £2.60
  • Orange Hot Chocolate – from £3.10
  • All Day Breakfast Baguette – from £3.80
  • Mexican Bean & Spicy Cheese Flatbread – from £3.50
  • Pumpkin Spice Doughnut – from £1.35
  • BBQ Chicken Pizza Box – from £7.55
The sausage roll with sweet chilli sauce was the most peculiar-tasting bite

4

The sausage roll with sweet chilli sauce was the most peculiar-tasting biteCredit: NORTH NEWS

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

Advertisement

Source link

Continue Reading

Travel

Major UK airport reveals £400million renovation plans – including larger terminal and more restaurants

Published

on

Bristol Airport has revealed plans of its five-year, £400million expansion

A MAJOR airport has revealed its multi-million renovation project that will make it a much better experience for holidaymakers.

Bristol Airport is to make huge changes over the next five years, with some of them already starting.

Bristol Airport has revealed plans of its five-year, £400million expansion

5

Bristol Airport has revealed plans of its five-year, £400million expansionCredit: Alamy
The main improvement will be a larger terminal, which will be 70 per cent larger

5

Advertisement
The main improvement will be a larger terminal, which will be 70 per cent largerCredit: Alamy
Other improvements include more restaurants, covered public transport walkways and larger lounges

5

Other improvements include more restaurants, covered public transport walkways and larger loungesCredit: bristolairport

The main improvement will be increasing the terminal size, which will increase by 70 per cent.

It follows a record number of people travelling through the airport, welcoming 10million passengers in a 12-month period for the first time ever.

More restaurants and larger lounges will be part of the terminal expansion.

Advertisement

It also means a larger baggage reclaim area as well as immigration area.

And next year, a new covered walkway will allow travellers to access the airport from the outside car parking and public transport area.

This follows the new development currently being built which includes a new multi-storey car park and larger bus terminal.

The entire project is set to cost £400million.

Advertisement

Bristol Airport CEO Dave Lees told the Bristol Post that all of the changes will mean an passengers have an “improved journey” when using the airport.

He added: “There will be a range of casual dining options including more restaurants as well as increasing the size of our lounges for those wanting a quieter location to relax [and ] also be substantially increasing the immigration area, baggage reclaim hall and the number of baggage reclaim units.”

“These developments have already commenced with the biggest change to security in over a decade.”

World’s best airport is now in Europe – with cheap flights, record-breaking museums and 317 destinations

These developments included new security baggage and body scanners which were installed over the summer.

Advertisement

UK airports were given a summer deadline to install these new scanners as part of the lifting of liquid restrictions.

The government has since postponed this so travellers still have to follow the 100ml rule.

However, the improved tech means passengers can now leave their liquids and electronics in their bags.

The improvements will cost up to £400million

5

Advertisement
The improvements will cost up to £400millionCredit: bristolairport

Mr Leeds added: “The enhancements we’re making will also be welcomed by international tourists who use the Airport to explore the west and South Wales, visiting attractions and attending events – all of which is vital to those working in the tourism and hospitality sectors.”

Once the improvements are in full operation, the airport hopes to welcome up to 12million passenger a year.

Ryanair also launched new flights from Bristol Airport this summer.

The new routes included Copenhagen, Fuerteventura, Marrakech, Prague, Sofia and Tirana.

Advertisement

And easyJet launched new routes from Bristol this winter – Tromso, Agadir, and Istanbul.

Other airlines that operate from Bristol Airport include Jet2, TUI and Aer Lingus.

It’s not the only UK airport undergoing a huge renovation.

Top 15 busiest airports in the UK

Advertisement

Here are the 15 busiest airports in the UK by passenger numbers in 2023

  1. London Heathrow – 79.2 million
  2. London Gatwick – 40.9 million
  3. Manchester – 28.1 million
  4. London Stansted – 28.0 million
  5. London Luton – 16.4 million
  6. Edinburgh – 14.4 million
  7. Birmingham – 11.5 million
  8. Bristol – 9.9 million
  9. Glasgow – 7.4 million
  10. Belfast International – 6.0 million
  11. Newcastle – 4.8 million
  12. Liverpool – 4.2 million
  13. Leeds Bradford – 4.0 million
  14. East Midlands – 3.9 million
  15. London City – 3.4 million

London Stansted Airport confirmed a £1.1billion renovation, with a £600million new terminal.

And Manchester Airport is currently undergoing a £1.3billion renovation

Also being improved are security scanners and public transport

5

Also being improved are security scanners and public transportCredit: Getty

Source link

Advertisement
Continue Reading

Business

Police reform has become a forgotten issue

Published

on

Police reform has become a forgotten issue

Fatal shootings by armed UK officers are rare and statistics suggest system for monitoring cases is reasonable

Source link

Continue Reading

Trending

Copyright © 2024 WordupNews.com