FT News Briefing India’s belated oil rush
Oct 9, 2024
Malcolm Moore, FT's energy editor, shares his insights on India's rush to boost oil production before the global energy transition. He discusses how the country is easing regulations to tap into untapped reserves amid rising demand. Valentina Papp, FT's Europe news editor, highlights the EU's legal battle against Hungary's new security law, exploring its implications on fundamental rights and the rise of far-right movements in Europe. Together, they delve into the evolving political and energy landscapes.
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Restructure Accounting Education
- Replace the fifth year of accounting education with apprenticeships.
- This addresses the declining number of accountants, a "brewing crisis" according to KPMG's Paul Knopp.
Far-Right Consolidation in Europe
- The far-right is gaining traction in Europe, uniting around figures like Viktor Orban.
- This worries the EU due to Orban's ties with Russia and opposition to sanctions.
EU Lawsuit Against Hungary
- The EU is suing Hungary over a new security law.
- This law allows the state to target political opponents for receiving foreign funding.