Feb 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- KPMG is first Big Four firm to cut staff in US as economy slows
- UK financial watchdog hit with claim over prospectus climate risk disclosure
- World Bank president David Malpass to leave nearly a year early
- Jeremy Corbyn will not be Labour candidate at next election, vows Keir Starmer
Overview
- KPMG is cutting close to 2 per cent of its staff in the US after a sharp slowdown in its consulting business, becoming the first of the Big Four accountancy firms to respond to the weaker economy with systematic job reductions. - The UK's financial watchdog has been hit with a rare legal action by an environmental group that claims the Financial Conduct Authority unlawfully signed off listing documents that allegedly failed to adequately outline oil and gas producer Ithaca Energy's climate change risks.
- World Bank president David Malpass will step down from his post by the end of June, nearly a year before his term expires, following sustained criticism over its response to climate change under his leadership.
- Sir Keir Starmer has said that former Labour leader Jeremy Corbyn will not stand for the party in the next general election, as he pledged to take a "zero tolerance" approach to antisemitism. (Compiled by Bengaluru newsroom)