Good morning from the Financial Times.
Today is Monday, February 17th, and this is your FT news briefing.
Ukraine's allies gather for an emergency meeting in Paris
and Europe's banking sector is on a hot streak.
Plus, a new BP investor is making a big splash in the oil industry.
They have become mythical, legendary.
And when they call on a company, everybody pays attention.
I'm Lulu Smith and here's the news you need to start your day.
European leaders will gather in Paris today to craft a response to the situation in Ukraine.
The meeting comes as the US and Russia have begun discussing ways to end the war,
but without input from either Ukraine or Europe.
French President Emmanuel Macron will host officials from countries like the uk, Germany and Poland.
They'll talk about defence spending and how best to support Ukraine going forward.
As for the US and Russia,
they'll begin formal peace negotiations in Saudi Arabia in the coming days.
The darling of markets over the last few years has been the Magnificent seven.
It's a group of seven tech stocks that has basically propped up the S&P 500.
But what if I told you that the Mag 7 isn't the only magnificent game around?
Say hello to the magnificent 47 in Europe.
The FT's Nicholas Magor is here to explain what you've been missing.