FirstFT: UAE quits Opec in blow to oil cartel
Also in today’s newsletter: Bank of Japan holds rates and raises inflation forecast, and the Taliban accuse Pakistan of strikes on an Afghan university
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US soldier pleads not guilty over prediction trades on Maduro capture
Serviceman accused of making more than $400,000 from trading on classified information
RAC pumps the brakes on £5bn London IPO
Driving group flotation will probably take place in late 2026 as volatile markets push timelines
Small shareholders keep up pressure on UK bank climate policies
Lower vote in support of NatWest chair at annual meeting
Oil price climbs above $110 for first time in three weeks
Brent crude rises after White House reiterates ‘red lines’ in negotiations with Tehran