High Stakes in Global Business and Politics: Key Developments Unfold

This article covers top stories from the Financial Times, including Volvo Cars reappointing Hakan Samuelsson as CEO, Trump's threat of secondary tariffs on Russian oil, Isar Aerospace's rocket launch failure, and a UK task force's recommendation to end the oil and gas windfall tax.

In a strategic move, Volvo Cars has reinstated its former CEO, Hakan Samuelsson, to navigate the company through prospective challenges anticipated in 2025. Samuelsson, who previously led the company from 2012 to 2022, is expected to steer the company towards greater stability.

Meanwhile, tension mounts on the international stage as former U.S. President Donald Trump expresses dissatisfaction with Russian President Vladimir Putin's delayed response in ceasefire talks concerning Ukraine. Trump warns of imposing secondary tariffs on Russian oil imports if a resolution isn't reached promptly.

Additionally, the UK government faces pressure from a business-led task force to reconsider the windfall tax on oil and gas. This call to action underlines a pressing need to secure the North Sea's future as the window for opportunity narrows.

(With inputs from agencies.)