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Good morning from the Financial Times. Today is Wednesday, September 6th,

and this is your FT News Briefing. The EU's arch-rival to tech companies is leaving,

and the UK is out a ton of money from fraudulent business grants.

Plus, Ukraine hasn't been able to gain as much ground as it hoped during its counteroffensive.

It's been very, very gradual progress, but the kind of success it's been having isn't the kind

of success that can be measured on a map. I'm Sonia Hudson and from Mark Filipino,

and here's the news you need to start your day.

The European Union has been a big thorn in the side of tech companies for the past few years,

and Margaret Vestiger has been the one applying the most pressure.

But she's leaving as the EU's competition chief, and yesterday the European Commission

announced who will be taking her place. Here to talk about the move is the FT's Javier Espinosa.

Hi Javier. Hi. So Javier, who is Vestiger?

Margaret Vestiger is a Danish politician who has been the one leading and opening the largest

antitrust cases against the likes of Apple, Meta, Amazon, and going after mergers and transactions

that she thought were not competitive. She has also gone after sweetheart deals when it comes

to taxes. Essentially, she has been like an arch rival of some of the largest tech companies

in the world. And where is Vestiger headed next? Yesterday she became the official candidate to run

the European Investment Bank. If she's successful, she will be the first ever female president

of the bank. What do we know about the person who is going to be replacing her as the

Commission's competition chief? Yesterday we reported that Didier Rainders,

...