FT – Companies face billions in writedowns as Davos confronts soaring economy
Some of the world’s biggest companies are facing multibillion-dollar writedowns as the World Economic Crisis in Davos, Switzerland, confronts the “souring economy”, the Financial Times reports.
The front page also reports Prime Minister Rishi Sunak is set to use a constitutional “nuclear option” by blocking legislation passed by the Scottish Parliament last month that seeks to make it easier for people north of the border to legally change their gender. The paper speaks to three sources close to Downing Street discussions that say that is Mr Sunak’s intention. It comes as Labour leader Sir Keir Starmer agreed on Sunday that 16-year-olds were too young to change their legal gender.
https://www.ft.com/content/2ed3ca52-6ab2-4119-a9d1-8f6b05405ac1
