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Verbier’s ultimate chalet — and the lift pass that can save your life

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High style

The Swiss resort of Verbier has no shortage of smart places to stay, but one address opening this winter will stand head and shoulders — and more than a thousand vertical metres — above all the others.

The Cabane Tortin, due to open its doors on December 14, will offer all the usual trappings of a luxury chalet, including a private chef, two live-in hosts, a dedicated mountain guide, Egyptian cotton sheets and fluffy robes, a sauna and visiting therapists for massages and facials. But it will do so in a remarkable location, perched alone on a rock band above the Tortin glacier, 2,994 metres above sea level — higher than the vast majority of the Alps’ basic climbers’ refuges. There will be fine wines but also an emergency oxygen supply for anyone struck by altitude sickness.

Guests will arrive by skiing off piste from the top of the celebrated Mont-Fort cable car, or by trekking or ski touring across the glacier from the lifts at the Col des Gentianes (for the less active, it is also possible to take a caterpillar-tracked buggy or helicopter). Designed by Norwegian architects Stinessen, with a stark concrete base and huge glass sections, it is already being compared to a Bond villain’s lair (in fact it stands 24 metres higher than Blofeld’s fantastical hide-out atop the Schilthorn in On Her Majesty’s Secret Service).

A serene mountain scene with snow-covered peaks stretching across the image
Cabane Tortin sits in complete isolation above the Tortin glacier © Albrecht Voss Werbefotografie
A contemporary room featuring a wood-burning fireplace, soft brown couches, and chairs draped in fur
The luxurious interior and widescreen view © Albrecht Voss Werbefotografie

The original Cabane Tortin was built on the site in 1981 by members of the ski club in the nearby village of Nendaz. It later became a refuge, offering meals and basic accommodation to climbers and ski tourers, and passed into the ownership of a private company based in Sion. In 2021 it decided to demolish the cabin for a radical ground-up rebuild — and a radical new business model.

Upstairs, it now sleeps eight in great comfort, with prices starting at SFr60,000 (£53,000) for six people, or SFr68,000 for eight, for three nights. The staff sleep downstairs, where there is space for eight in four double “pod” rooms. However, a condition imposed by the commune of Nendaz, which still owns the land, demands continued public access — so when the upstairs isn’t occupied, the downstairs will become available as the “Bivouac des Gentianes”, a sort of deluxe mountain refuge (at SFr2,000 per night for eight). On those occasions, the two lucky hosts will get to move to the rooms upstairs to become the most lavishly accommodated hut guardians in the Alps. cabanetortin.com

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The ski pass that can save your life

After more than five years of development, a new type of ski pass launches in Italy this winter which could revolutionise on-mountain safety and guard against every skiing parent’s nightmare — losing their child somewhere on the slopes. LifePass uses a combination of GPS, cellular and LoRa (low-powered radio) technologies to track and transmit its location. If a skier has an accident, they will be able to press an SOS button on the pass to instantly send their location to ski patrollers and summon help. If a child has a pass in their pocket, their parents could sit in a restaurant and monitor their movement around the resort via a map on a smartphone.

The pass was created by Mountain Technologies, a start-up with bases in Belfast, Verbier and Milan, in partnership with the Italian resort of La Thuile, and early input from the digital mapping company FATMAP. This first year, the pass will only be available in La Thuile but Mountain Technologies plans to release it in five more resorts next winter.

A person wearing a teal ski jacket holds a blue electronic device labeled “IFF Pass” from a zippered pocket on the sleeve
The LifePass, which will be launched in La Thuile this winter

The pass is the same size as a credit card but about a centimetre thick; its battery lasts for a week. Pricing has yet to be confirmed but it will be no more than €4 per day above the cost of the conventional pass; users will pick the passes up from (and return them to) the existing ticket offices or use self-service dispensing machines in hotels and hire shops.

Whereas mobile phones offer some tracking functionality, they have numerous drawbacks — cellular service is unreliable in the mountains, tracking apps drain batteries rapidly and screens will stop working in freezing conditions. Apple AirTags and similar products rely on Bluetooth, so only transmit a location if someone else with a phone passes nearby — unlikely in a remote mountain location. For resort operators, LifePass also offers the advantage of being able to track skier flows with far greater precision than previously possible. lifepass.eu


The beautiful north

With snowfall in the Alps becoming increasingly capricious, tour operators are looking north, launching a swath of new trips to Scandinavia, including to some remote, offbeat destinations.

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Ski Solutions, for example, will be offering its first trips to Narvik, a small port town 220km north of the Arctic Circle with six lifts, where between December 5 and January 6 the sun does not rise (thankfully the pistes are floodlit). Also new for Ski Solutions, Crystal and Iglu Ski is Gausta, west of Oslo, a resort that has remained under-the-radar partly because its highest peak, and the mountain railway inside it, was a top-secret Nato listening post from 1959 until the 1990s.

A skier descends a steep snow-covered mountain slope at sunset, carving through fresh powder
Skiing with sea views in Narvik, Norway
A remote mountaintop features a tall tower and a snow-covered building with a group of people gathered near the entrance
Skiers emerge from the Gaustabanen, a tramway inside the mountain Gaustatoppen; until the 1990s it was a secret Nato base

The airline Norwegian has new direct flights from Gatwick to Narvik starting on November 2, and from Bergamo to Narvik the following month. Lufthansa subsidiary Discover Airlines has a new flight from Frankfurt to Alta, in northern Norway, starting in December; Tui Airways launches a service from Manchester to Oslo the same month. And in February, SAS will restart a service it last operated before the pandemic, from Heathrow to Scandinavian Mountains Airport, where the runway is less than 10km from the pistes at Stöten — a resort being newly offered this winter by Ski Scandinavia.

Despite the ski areas typically being much smaller than those in the Alps, Andy Hemingway, Norway and Sweden product manager at Ski Safari, says their popularity is being driven by empty slopes, lack of lift queues, scenery, reliable snow and improving exchange rates (£1 is worth about NKr14, up from less than NKr12 two years ago). “Once our customers visit, they just keep going back,” he says.


Deer Valley doubles in size

A post-pandemic boom in skier numbers in the American Rockies has fuelled expansion at numerous resorts, but none matches the ambitions of the project under way at Deer Valley, Utah. This December, the self-styled luxury resort — slogan “ski the difference” — will unveil the first stage of the biggest terrain expansion in the US for 40 years.

Skiers (snowboarders remain banned) will find three new lifts and 300 acres of additional terrain. Next year, there will be six more new lifts and 100 extra runs. The complete “expanded excellence” project will see a total of 16 new lifts, more than doubling the resort’s terrain to 5,726 acres, and seven new hotels.

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A snowy ski slope flanked by dense forests of pine trees and a row of cozy mountain lodges on the right side
Smart slope-side accommodation in Deer Valley © Deer Valley Resort
An elderly couple stands outdoors in a snowy mountain setting, both wearing matching cream and green patterned sweaters
Polly and Edgar Stern, who founded Deer Valley in 1981, envisaging a ski resort offering the service levels of a luxury hotel © Deer Valley Resort

The project dates back to 2014, when New York-based Extell Development Company began acquiring land to the east of the existing resort. Known for Manhattan skyscrapers including Central Park Tower, Extell had no prior experience of developing ski resorts but hatched a $2bn plan to build a brand-new resort called Mayflower. Last year, Extell and Alterra Mountain Company, the owner of Deer Valley, announced they’d reached an agreement under which the Mayflower brand would be abandoned and the new terrain would be operated by, and integrated with, Deer Valley.

Pink Snow 2024

This article is part of our annual winter sports special, Pink Snow — look out for a series of pieces published throughout the week

Neighbouring Park City Mountain Resort remains the largest ski area in the US with more than 7,300 acres, and is separated from Deer Valley by nothing more than a rope and a no-entry sign. Unfortunately, fierce rivalry between Alterra and Park City’s owner Vail Resorts means the alluring prospect of creating one of the world’s true mega resorts — simply using a pair of scissors — is unlikely any time soon.


The open-air gondola

It is a bumper winter for new cable cars. Three years after Courchevel’s biggest cable car, the Saulire, was damaged in a testing accident, it will finally reopen on December 6, with new cabins offering floor-to-ceiling laminated glass windows. In Switzerland, there’s a new cable car from Stechelberg to Mürren which, at a maximum incline of 58 degrees, claims to be the world’s steepest. Meanwhile Grouse Mountain, just outside Vancouver, is asking members of the public to submit artworks to be wrapped around its new gondola.

A bright red gondola carries several people over a snow-covered mountain slope on a clear day
With none of the usual glass panels in its walls or door, La Plagne’s new Aérolive gondola . . .
A woman wearing a black beanie and pink jacket stands inside a gondola with her arms spread wide, enjoying the view of snow-capped mountains
. . . allows passengers to stretch out

The prize for the strangest cable car update, however, goes to La Plagne in France. Its new offering, Aérolive, consists of two red gondolas stripped back to a simple metal frame. Up to six passengers are secured by harnesses and can lean out of the gondola as it climbs; the floor is a grill through which they can look down to the pistes below.

The Aérolive cabins will be added on demand to the Glaciers lift, introduced last year, which runs up to 3,080 metres on a flank of the Bellecôte, the highest point in the ski area. What the resort calls an “exhilarating new experience set to take adventure seekers to new heights” will cost €55, but will it be that much more exciting than riding a chairlift?

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Is there a GLP-1 bubble?

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

Good morning. Hurricane Milton is hammering Florida. Conflict in the Middle East is still running hot. Fair to say we have already had several October surprises. Let’s hope CPI, out this morning, is not another. Email us with your fears: robert.armstrong@ft.com and aiden.reiter@ft.com.

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Is there a GLP-1 bubble?

AI gets a lot of attention. There have been thousands of think pieces on how it will transform society, and almost as many arguing that AI hype has driven tech stocks into bubble territory. Glucagon-like peptide-1 (GLP-1) obesity drugs get a lot of attention, too, for their impact on fashion, exercise and health. But almost no one seems to be wondering if there is a GLP bubble.

Eli Lilly and Novo Nordisk, which make the leading GLPs on the market, have wildly outperformed the S&P 500 for the past five years:

Line chart of Normalised returns showing Small waistlines, big returns

Eli Lilly has a price/earnings ratio almost as high as Nvidia’s:

Line chart of 12-month forward P/E estimates ($) showing Expensive pills and chips

Expectations for both companies are really high. Morningstar estimates the GLP-1 drug market will be worth $200bn by 2031, and analysts expect Eli Lilly and Novo Nordisk to take the lion’s share of it. Revenues are expected to nearly triple for Eli Lilly from now until 2031, largely driven by its GLP-1 blockbusters Zepbound and Mounjaro:

Column chart of $bn showing Gilding the Lilly

Novo Nordisk is on a similar trajectory, though Wall Street expects its GLP-1 revenues from Wegovy and Ozempic to start falling after 2029:

Column chart of $bn showing Novo riche

The free cash flow estimates for the two companies are even more astonishing, with both expected to pull in more than $35bn by 2031:

Column chart of Free cash flow $bn showing Printer go brrr

Are expectations set too high? There are several factors to consider.

Competition is fierce. Profitable drugs invite competitors with slightly different formulations or delivery methods. Here is a chart from Morningstar of aspiring GLP-1 market entrants. Novo Nordisk and Eli Lilly may both keep their edge for a while due to their own new products — Novo Nordisk already has an oral drug on the market, though it is not as popular as the injectables, and both companies are set to be first out of the gate on lower-dose oral GLP-1s. But Pfizer and Roche will follow soon after:

Then there are the patents. Novo is set to lose its US patent in 2032, while Eli Lilly is scheduled for 2036 (this partially explains its valuation premium over Novo Nordisk). But importantly for both, Novo Nordisk’s GLP-1 products lose their Chinese patents in 2026, potentially opening the US and European markets to trafficked generics.

The market will begin to discount the patent expirations years before they actually arrive. Shares in AstraZeneca traded sideways for years (at a single-digit price-to-earnings valuation) before the main patents on its blockbusters Nexium and Seroquel expired in the early teens. Pfizer launched its mega-blockbuster Lipitor in 1996. Its revenues peaked at almost $13bn in 2006 and were still about $10bn in 2010, the year before its US patent expired. But the stock had peaked by 2000 and traded at less than 10 times earnings from 2008 to 2011.

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Line chart of Pfizer stock price ($) showing Statin stasis

It is also worth noting, in the context of competition, that while Lipitor was by far the best-selling of the cholesterol-fighting statin drugs, it was the fifth one to launch. Just because Lilly and Novo were the first in GLPs does not mean they will maintain their lead.

Price will also be a question going forward. The GLP-1s face Medicare price negotiations in 2027, and the CBO’s report from this week suggests that Medicare and other insurers may demand significant price reductions.

There is also uncertainty about future volumes. Here is Karen Andersen at Morningstar, one of the few analysts to express scepticism about the buy case for Lilly and Novo:

One of [the big questions] is how long patients will need to stay on therapy. So far from what we have seen, it is difficult to maintain weight loss when patients go off of therapy. Eli Lilly, Novo Nordisk and competitors are thinking of the best way to help patients stay compliant on a maintenance regimen. The answer may be to take the medication less frequently, or at a lower dose . . . That is going to have huge implications for the long-term revenue forecast of these companies, and for the potential health benefits of taking the drugs.

Finally, weight-loss drugs have a rocky history. Some readers may remember the rise and fall of Fen-Phen, or how Sanofi’s much-hyped Acomplia was withdrawn in Europe and never won approval in the US. There have been rumblings about muscle loss and other issues with GLP-1 drugs. As the population of people being treated increases, new issues may emerge.

We don’t know if Lilly and Novo are overvalued. If other drug companies do not develop good alternatives in the next couple of years, no worrisome side effects emerge, most patients are happy to stay on the drugs for the long run, and pricing negotiations go well, the two companies should print money for years to come. What worries us is that no one in the market seems to be taking the bearish side of the GLP-1 trade. In markets, unanimity is dangerous.

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McDonald’s reveals big menu shake up with THREE new items – mozzarella dipper fans will love it

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McDonald’s reveals big menu shake up with THREE new items - mozzarella dipper fans will love it

MCDONALD’S is launching a new menu just in time for Halloween, which will feature new drinks and a side to rival mozzarella dippers.

The fast-food giant is adding three new items next week, The Sun can reveal, and upgrading a breakfast favourite.

Big changes are coming to the McDonald's menu this Halloween

3

Big changes are coming to the McDonald’s menu this HalloweenCredit: Getty
McDonald's has launched new Cheese Bites, which cost £2.49 for five

3

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McDonald’s has launched new Cheese Bites, which cost £2.49 for five

The new and returning items will be landing on menus across the UK and Ireland from October 16.

Among the range is a Toasted Marshmallow Latte, which will be perfect when the nights draw in and the temperature drops.

The latte costs £2.59 but prices may vary depending on the location.

Fans of the Caramel Latte are sure to love this drink, which is blended with toasted marshmallow flavoured syrup.

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It’s topped with whipped cream and a toasted marshmallow flavoured dusting.

Those who don’t like coffee can enjoy the Toasted Marshmallow Hot Chocolate, which has the same syrup, whipped cream and dusting.

The Toasted Marshmallow Latte costs £2.59 while the Toasted Marshmallow Hot Chocolate only comes in a large and costs £2.19.

McDonald’s reveals new breakfast menu item that’s a twist on a classic

Fans of the limited-edition Mozzarella Dippers are also in for a treat as McDonald’s launches new Cheese Bites.

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They come in portions of five for £2.49 or a sharebox of fifteen for £6.79.

Each portion of five Mozzarella and Emmental bites have a smoky caramelised onion flavoured breadcrumb coating.

All Cheese Bites are served with a BBQ Dip.

What’s joining the McDonald’s menu?

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The new Halloween menu items are:

  • Cheese Side – £2.49
  • Cheese Side Sharebox – £6.79
  • Toasted Marshmallow Latte – £2.59
  • Toasted Marshmallow Hot Chocolate (Only available in Large) – £2.19
  • McCrispy® Deluxe – £5.99
  • McCrispy® Deluxe Medium Meal – £7.79
  • Halloween M&M’s® McFlurry® – £2.19
  • Halloween M&M’s® McFlurry® Mini – £1.59
  • Galaxy® Caramel McFlurry® – £2.19
  • Galaxy® Caramel McFlurry® Mini – £1.59
  • Toffee Apple Pie – £1.99
  • Mini Hash Browns Single Portion – £1.49
  • Mini Hash Browns Sharebox – £2.99

Meanwhile, McDonald’s popular Hash Browns are getting an upgrade this season.

The fast-food franchise will start selling mini Hash Browns across its restaurants from next week.

Maccies fans can pick up five for £1.49 or a Sharebox of 15 for £2.99.

Many customers have said the breakfast food reminds them of Tater Tots, which are a popular side in America.

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One social media user posted: “Looks like Tater Tots to me.”

While another added “Otherwise known as a Tater Tot”.

The Sun exclusively got to try them and said they are better than the original.

What is returning to the McDonald’s menu?

Making its return since its debut last autumn is the Toffee Apple Pie.

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The popular crispy pastry will be filled with the same spiced apple compote, toffee sauce and toffee pieces as last year.

Fans of the Toffee Apple Pie will be thrilled that it returns to menus this month

3

Fans of the Toffee Apple Pie will be thrilled that it returns to menus this month

It will be available for £1.99 at McDonald’s restaurants.

There are also two McFlurrys returning to menus this month.

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The fan-favourite Halloween M&M’s McFlurry is back and will be topped with Halloween sugar shapes, Galaxy chocolate sauce and M&M’s.

Meanwhile, the Galaxy Caramel McFlurry is also returning and will be swirled with Galaxy Caramel sauce and chocolate pieces.

Both will be available in store for £2.19, or £1.59 for the mini version.

Lovers of the McCrispy will be thrilled to see the McCrispy Deluxe joining menus next week.

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The sourdough style bun will contain a 100% chicken breast fillet in a crispy coating and will be topped with hot and spicy mayo, caramelised onion compose, lettuce, bacon, red onions and a cheddar cheese slice.

It will cost £5.99, or £7.79 for the Medium Meal.

Does McDonald’s often change its menu?

It is not uncommon for McDonald’s to make changes to its menu, which is sold across its 1,400 stores.

Just last week the fast-food chain confirmed that it was bringing back the much-loved McRib burger which had not been seen in the UK for almost a decade.

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Meanwhile, last month saw the return of McDonald’s popular Monopoly game.

To celebrate the launch it added six new items to its menu, including the never-before-seen Twix Latte.

McDonald’s Monopoly 2024

Everything you need to know…

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

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Tata’s Gift to India: Ratan’s Philanthropic Journey

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Tata’s Gift to India: Ratan’s Philanthropic Journey

“In our journey of life, we pass pleasures and pain. There will be sunshine and rain; there will be loss and gain. But we must learn to smile again and again.” -RT

Continue reading Tata’s Gift to India: Ratan’s Philanthropic Journey at Business Traveller.

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Taiwan’s president calls on China to ‘live up to’ duty to protect peace

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Taiwan’s President Lai Ching-te has urged Beijing to co-operate with Taipei and the international community to maintain peace and tackle shared challenges as he seeks to build support at home and abroad in the face of Chinese threats.

In his first National Day address since taking office in May, Lai asserted that the People’s Republic of China had “no right to represent Taiwan” but said he was willing to work with China to protect peace and prosperity for people on both sides of the Taiwan Strait.

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“Countries around the world have supported China, invested in China and assisted China in . . . promoting China’s economic development and enhancing its national strength,” Lai said. “This was done out of the hope that China would join the rest of the world in making global contributions . . . and that externally it would maintain peace.”

Making reference to the wars in Ukraine and the Middle East, he added: “We hope that China will live up to the expectations of the international community . . . that it will take up its international responsibilities and, along with Taiwan, contribute to the peace, security and prosperity of the region and the globe.”

Foreign diplomats in Taipei said Lai’s speech was more restrained than his inaugural address, which Beijing called provocative and reacted to with “punishment” exercises. China claims Taiwan as part of its territory and has threatened to annex it with military force if Taipei refuses to submit under its control indefinitely.

China has not previously responded to a Taiwan president’s national address with military moves, and Beijing has not announced new drills. But national security officials in Taiwan and two other democratic countries who wished not to be named said there were indications that the Chinese military was prepared to stage a sequel to the May drills.

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The US urged Beijing to exercise restraint. “There is no justification for a routine annual celebration to be used as a pretext for military exercises,” said a senior US official.

Honour guards in uniform, carrying rifles with bayonets, participate in Taiwan's National Day celebrations in front of the Presidential Office in Taipei
Honour guards in Taiwan’s National Day celebration in Taipei on Thursday © Walid Berrazeg/AFP/Getty Images

Taiwan’s defence ministry said it observed 27 Chinese military aircraft, nine Chinese warships and five other official Chinese vessels participating in joint combat patrols in the vicinity of its waters and airspace in the 24 hours to Thursday morning. Fifteen of the military aircraft entered Taiwan’s air defence identification zone, a self-declared early-warning buffer zone.  

Taiwanese officials said Lai’s speech was meant to be consistent with his inaugural address, in which he promised to “neither yield nor provoke, and maintain the status quo” across the Taiwan Strait.

However, he put a stronger emphasis on the Republic of China, the state founded in China in 1911 following the first Chinese revolution, which was brought to Taiwan by the nationalist Kuomintang after the end of Japanese rule in 1945. The ROC was overthrown in China by the Communist revolution in 1949 but has continued to exist in Taiwan.

Lai hailed the ROC founders’ dream of establishing “a democratic republic . . . a nation of freedom, equality and benevolence”. But he lamented that their project was “engulfed in the raging flames of war” and “eroded under authoritarian rule”, a reference to Taiwan’s decades of military dictatorship under the KMT.

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Taiwanese officials argue that Lai’s focus on the ROC robs Beijing of the opportunity to label him a “Taiwan independence separatist” because it acknowledges the Chinese roots of the state that survives in Taiwan today.

But he also made a strong appeal to his Taiwanese compatriots to unite in defending their de facto independent nation.

“The Republic of China has already put down roots . . . And the Republic of China and the People’s Republic of China are not subordinate to each other,” he said.

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“Regardless of what name we choose to call our nation — the Republic of China, Taiwan or the Republic of China Taiwan — we must all share common convictions. Our determination to defend our national sovereignty remains unchanged.”

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How the EU squandered nearly €11bn of its common budget last year

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Good morning. EU interior ministers will today discuss a possible delay to the continent-wide rollout of a new digital border system, on fears that it isn’t yet ready for action, as the FT revealed last month.

Today, our finance correspondent reports on a warning from the EU’s auditor that billions of euros are being misspent, and I explain why Ursula von der Leyen is in Moldova.

Dodgy expenses

Auditors have found that EU funds are increasingly being misspent, just as discussions start on an ambitious overhaul of the bloc’s next common budget, writes Paola Tamma.

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Context: Each year the European Court of Auditors reports on how the EU’s more than €100bn-a-year budget is spent. The vast majority is in payments to member states, for instance to fund infrastructure, regional development projects or agricultural subsidies.

The increased misspending was largely a result of time pressure, the auditors said, as the period for countries to spend certain leftover funds from the previous budget period ended in 2023. In addition, countries have to spend hundreds of billions in post-pandemic recovery funds by 2026.

“Some of it is down purely to the capacity of the body to control expenditure in an orderly fashion, and they’re just overwhelmed,” Tony Murphy, ECA head, told the FT ahead of today’s publication of its yearly budget report.

Last year, nearly €11bn out of €191.2 in budget payouts was misspent, the auditors estimated, including because of accounting errors. That amounts to 5.6 per cent — up from 4.2 per cent in 2022 — continuing an increase over the past three years. Auditors also detected 20 cases of suspected fraud.

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Cohesion funds, which are dedicated to regional development and make up a third of the EU budget, accounted for the bulk of the misspending, with errors up 45 per cent compared with last year.

Auditors also reviewed €53.5bn in post-pandemic recovery payouts, which countries receive once they implement pre-agreed reforms. But auditors found that in 16 out of 452 examined cases, payouts were granted even though the countries hadn’t met the requisite conditions.

That is problematic, especially for those countries that are net receivers of EU funds. The European Commission is planning a budget overhaul that would link all payouts to reforms and pre-agreed investments — much like under the recovery fund — something those countries are wary of.

It also complicates Brussels’ plans to ask net budget contributors, such as Germany, to inject more cash into the next EU budget, due to start in 2028.

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The commission said that it “agrees that improvements are needed, and it is acting accordingly”.

Chart du jour: Dark side

Lukoil’s shadow fleet

An FT investigation has tracked down how Russia built its “dark fleet” of oil tankers, acquiring at least 25 vessels via London and Dubai to evade western sanctions.

Brussels bearhug

European Commission president Ursula von der Leyen will meet Moldova’s Maia Sandu today bearing gifts — and moral support.

Context: Moldova is an EU candidate country and began formal accession talks in June. The country applied for membership in response to Russia’s war against neighbouring Ukraine, a conflict that has imperilled its security and economic stability.

Von der Leyen will use the visit to lay out an EU “growth plan” for Moldova. The initiative, which has already been launched for western Balkan countries, involves increased financial assistance and trade benefits, in exchange for reforms to integrate their economies into the EU’s single market, and prepare them for eventual membership.

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Moldova’s package will be “significant and substantive”, according to a person involved with the preparations.

A Moldovan official said it would “provide the economic leap Moldova urgently needs to overcome the consequences of the war next door, push forward with reforms, and improve the lives of all Moldovans”.

The EU’s economic bear hug isn’t just about economic growth, however. Brussels is also striving to keep Moldova on a pro-EU path, and not see Sandu and her pro-western government toppled by a destabilisation campaign orchestrated and funded by Moscow.

Russia is seeking to influence a double-headed ballot in 10 days time when Moldovans will be asked to choose their next president, and vote in a referendum on enshrining EU membership in its constitution.

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Officials in both Brussels and Chișinău are fearful of either Sandu — who is running for a second term — being replaced by a pro-Russian rival or the referendum failing.

Brussels’ growth plan “will help Moldova become stronger, more resilient, and deeply integrated with Europe as we advance towards EU membership”, the Moldovan official added.

“It will also demonstrate that democracy, even under pressure from Russia, brings real progress and improves lives across the country.”

What to watch today

  1. EU home affairs ministers meet in Luxembourg.

  2. Nato secretary-general Mark Rutte meets UK Prime Minister Sir Keir Starmer in London.

  3. Ukrainian President Volodymyr Zelenskyy travels to London and Paris.

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I refused to believe £111K People’s Postcode Lottery win until key sign told me it was meant to be

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I refused to believe £111K People's Postcode Lottery win until key sign told me it was meant to be

A LUCKY player who scooped a life-changing Postcode Lottery prize refused to believe she had won – until a key sign revealed it was fate.

Sanna Babar, from West Yorkshire, was stunned when she discovered the eye-watering £111,111 windfall after entering the weekly Millionaire Street prize on Monday.

Sanna Babar refused to believe her incredible £111,111 win until a key sign told her it was 'meant to be'

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Sanna Babar refused to believe her incredible £111,111 win until a key sign told her it was ‘meant to be’Credit: People’s Postcode Lottery
The mum-of-two and her husband Tahir revealed their spending plans

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The mum-of-two and her husband Tahir revealed their spending plansCredit: People’s Postcode Lottery

The whopping draw saw nine thrilled neighbours on Shann Crescent, Keighly, share £1million after their postcode BD21 2TN hit the jackpot.

Mum-of-two Sanna told the Postcode Lottery she couldn’t believe her win.

“Wowee! That’s not real. Oh my God, is this real?,” she said.

But she later said it was “meant to be” as her birthday is coming up.

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She added: “I’m going out-out! I was going to go to Bradford, but I think I can go a bit further than that now.”

Her and overjoyed husband Tahir Mehmood are also planning on whisking their family away on a holiday to Disneyland.

Sanna said: “We were thinking of going to Disneyland Paris in August next year, but it could be Florida now!

“I was trying to save up money, but I don’t need to do that now and I could bring my mum and dad too.

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“It was a sort of fantasy before, but I’m going to do it.”

The mum-of-two said how she can’t wait to ring my mum” and spread the incredible news.

Meanwhile, another winner on the street nearly missed out on collecting his £111,000 prize.

Michael Whitaker, from Keighley, had to beg his boss for the day off – and colleagues weren’t impressed.

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The self-confessed adrenaline junkie rang up his boss to ask for the day off so he could be given the huge cheque.

He said: “I rang my boss and told her Postcode Lottery are here. But I had a design and compliance finance meeting at 11am and I had all the figures.

“Luckily, my boss was ecstatic for me and said she wouldn’t tell anyone in the meeting as to why I couldn’t make it.”

Michael hopes to use his jackpot towards a “once-in-a-lifetime” tour around the Norweigan Fjords.

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“When I saw the cheque, I thought £11,000 and then… I processed it and there was six digits! It’s incredible,” he said.

He also dreams of taking his new motorbike, a Triumph Tiger 900, on a road trip.

“I’ve got to an age where I want to see more, and I recently bought the motorbike to go adventure riding.” he said.

He added: “You have dreams but they’re not dreams anymore now. This brings them into reality.”

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The clerk landed the massive cash prize along with eight of his neighbours in Shann Crescent, Keighly, after their postcode BD21 2TN landed the weekly Millionaire Street prize on Monday.

Every cheque was worth £111,111.

How to play the People’s Postcode Lottery?

For just £12 a month, players can sign up through the official website to have a chance of winning millions of pounds.

Once signed up, players are automatically entered into every draw and prizes are announced every day of each month.

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Tickets play for the Daily Prize, worth £1000 and revealed every single day.

Tickets could also win a jackpot of £30,000 for Saturday and Sunday’s Street Prize draws.

People’s Postcode Lottery also offers a £3million Postcode Millions draw each month – where your ticket plays for a share of the cash prize fund.

Winners are notified by email, text, post, or phone call, depending on the prize they win.

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Jackpot winners are visited by the lottery team in person.

It comes as a lucky player doubled their £200,000 Postcode Lottery win by using a clever trick – make sure you don’t miss out.

Jo Deighton from Shoreham, West Sussex, was gobsmacked when she scooped nearly an eye-watering quarter of a million pounds.

Elsewhere, one punter who bagged a £410,000 jackpot told how no one believed her – not even her husband.

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Leyla Eaton’s jaw dropped after discovering she’d scooped the life-changing prize.

The mum-of-two entered when she was struck by a “strong feeling” a huge windfall was coming her way.

Meanwhile, one winning couple who scooped £142,000 in the raffle revealed their plan – but it may surprise you.

The whopping draw saw nine thrilled neighbours on Shann Crescent, Keighly, share £1million after their postcode BD21 2TN hit the jackpot

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The whopping draw saw nine thrilled neighbours on Shann Crescent, Keighly, share £1million after their postcode BD21 2TN hit the jackpotCredit: People’s Postcode Lottery

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