Financial Times

Trump's sons launch investment vehicle to target a US manufacturer

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A person close to the Spac, which aims to raise $300mn in an offering on the New York Stock Exchange, did not rule out a merger with a crypto group, however.



BP to report on cost cuts as activist investor Elliott steps up pressure

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However, a person close to BP suggested the two companies' numbers could not be compared because of accounting differences. BP's employee numbers have risen ...



Jaguar Land Rover names Tata Motors CFO as new chief executive

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But people briefed on the matter said the company is facing delays with launching its electric models. “Our plans and vehicle architectures are flexible so ...



Opec+ raises oil production quotas to two-year high

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One attendee, who asked not to be named, described it as “pretty bearish”. “Most people said they were enjoying the summer strength but we should brace ...



OpenAI secures $8.3bn in latest huge fundraising

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... people with direct knowledge of the deal. Dragoneer Investment Group, a San Francisco-based technology-focused fund, will invest $2.8bn in the round — one ...



South Korea's chip push and dark days for Japan Display

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A Financial Times analysis of dozens of sales contracts and company filings and interviews with multiple people with direct knowledge of the deals reveal ...



Paramount deal thrusts David Ellison into Trump's war with US media

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What began as a Hollywood studio merger has become a test of how far corporate America will bend to president's will.



How Novo Nordisk lost its lead in the weight loss race

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Novo does not think this will be a big problem, according to a person close to the company. Field added that Novo had made a “really big bet” on CagriSema ...



Will Mark Zuckerberg's secret, multibillion-dollar AI plan win over ...

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A person close to the lab said no clear strategy had been shared with staff, as the team was still being built and remained walled off within Meta. “It's ...



US companies move to tighten security after fatal shooting in New York

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... sources briefed on the matter. The attack has been particularly chilling because security protocols had been in place at 345 Park Avenue, including having ...



US companies use hot markets to slash borrowing costs on risky loans

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... people briefed on the matter. The banks, along with a host of other lenders, had tried to sell that debt in April, but scrapped the deal because of the ...



CK Hutchison to invite 'major' Chinese investor for $23bn Panama ...

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China has been pushing for Cosco to be involved in the deal and the consortium is likely to accept, according to a person close to the deal, as it could ...



China lays out its AI vision in foil to Donald Trump's 'America First' plan

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... declined to be named. “We are all learning from each other.” Robotic dogs on display at the World Artificial Intelligence Conference in Shanghai Robotic ...



Companies look beyond bitcoin to drive up their share prices

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... people briefed on the matter. Toncoin is the token of the blockchain used by messaging app Telegram and built by its founders, including Pavel Durov. “Since ...



Fans warned over Women's Euro final ticket scams

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The English Football Association's stance is that fans should only purchase tickets through the official channels, according to a person close to the governing ...



AI start-up Anthropic open to Mideast funds in talks to double ...

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... with knowledge of the matter. Final terms have not been fixed, but the four-year old company was expected to raise at least $3bn, two of the people said ...



China's price wars hit investment banking as underwriters charge ...

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... asked not to be named. “The headline fee [pitched by banks] might look decent, but the final bid is a giveaway.” “These ultra-low bids are all about winning ...



Sympathy wanes for resident doctors preparing to go on strike

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... people close to the matter. Melissa Ryan and Ross Nieuwoudt, co-chairs of the BMA resident doctors committee, said on Wednesday: “While we were happy to ...



Major AI data centre planned for Teesworks site

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... people briefed on the matter. A planning application for a data centre project of nearly 500,000 sq metres was submitted locally late last month by ...



JPMorgan explores lending against clients' crypto holdings

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JPMorgan could start lending directly against crypto assets such as bitcoin and ethereum next year, according to people familiar with the matter, who ...



Billionaire Zara founder buys stake in UK port group from Brookfield

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Brookfield is selling its stake at a valuation of slightly under £2bn, said a source briefed on the matter. The terms of the deal were not disclosed, but ...



Microsoft poaches top Google DeepMind staff in AI talent war

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A person close to the matter said DeepMind's attrition rates are below the industry average and the company has poached a similar number of researchers from ...



Virgin float has led Australian IPO market revival, says Bain

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... people with direct knowledge of the talks. Murphy declined to comment on the Perpetual bid but said that tapping into Australia's booming wealth management ...



India pushes arms exports after Pakistan clash showcases weaponry

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... asked not to be named because of the sensitivity of defence sales. He added: “We are not actively going around flogging any particular weapons.” 2028-29.



Chatbots in the classroom: how AI is reshaping higher education

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An Oxford undergraduate, who asked to remain anonymous as they have not disclosed using AI in their essays, says the technology had a negative impact on ...



EU hits Russia with fresh sanctions aimed at banking and energy

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The EU would continue talks with the US and other partners to reach a full deal on the cap, an official involved in the negotiations said. The latest ...



Volodymyr Zelenskyy accused of authoritarian slide after anti ...

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A person close to Kubrakov said they believed the searches of his home amounted to “revenge” for a criminal corruption probe opened this month into a close ...



MI6 operatives and UK special forces named in leaked Afghan ...

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... a person with direct knowledge of the matter. The identity of British spies and elite special forces troops is closely guarded to preserve their safety. The ...



AI start-up Perplexity's valuation tops $18bn months after latest ...

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... people with direct knowledge of the situation. The three-year-old company is aiming to take on Google's dominance in internet search, and recently launched ...



Investors rage over Vietnam's alleged breach of power contracts

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... asked to remain anonymous. “There is not a chance in hell of any serious funds being attracted into Vietnam's power sector.” EVN warned the ministry that ...



Banking climate alliance battles to retain big European lenders

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A person close to Barclays said a decision on membership had not been made, and that the bank was still a member. UBS said it would “carefully consider” how ...



Howard Lutnick says easing of Nvidia's AI chip exports linked to ...

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But a person familiar with the situation said the commerce department would start approving export licenses for these chips, after Nvidia on Monday said it ...



Jane Street deposits $560mn in step to lift India trading ban

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The company plans to “strenuously contest” Sebi's findings, said a person familiar with the matter. This is a developing story. Copyright The Financial Times ...



French telcos explore carve-up of Patrick Drahi's SFR

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A person familiar with Orange's thinking said the company was looking to maintain its market leadership in any agreement, while also seeking to acquire some ...



Ireland begins complex forensic dig to locate 796 babies

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Relatives are hoping remains can be identified and given a proper burial. “[The children] have to be put to rest,” said one resident, who asked not to be named, ...



BCG earned more than $1mn for Gaza aid barge project

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BCG staff supported MHAF “administratively and strategically”, according to a person familiar with the work. It helped set criteria that MHAF should use to ...



Wimbledon body warns plans for ticket resale price cap would ...

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... a person with direct knowledge of the matter. The debentures, which were introduced by the AELTC in 1920, are the only Wimbledon tickets that can be legally ...



Israel and Hamas inch closer to Gaza ceasefire deal

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... a person familiar with the matter. Under the proposed plan, which is still in its initial stages, Palestinians would be concentrated in one area and live ...



Kraft Heinz explores potential break-up

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Packaged foods giant Kraft Heinz is studying a break-up a decade after Warren Buffett and 3G Capital merged the two brands, people briefed on the matter have ...



News-powered hedge fund group Hunterbrook valued at $100mn

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... according to a person familiar with the fundraise. Hunterbrook was launched in 2023 by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, creating ...



Moët Hennessy sexual harassment case shines light on company's ...

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A company of parent LVMH's size might have dozens of cases pass before the tribunal in a given year, according to a person close to Moët Hennessy. They ...



UK-France migration deal fails to address root causes, UN migration ...

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... people briefed on the matter. That would equate to about one in 17 migrants that currently reach Britain on small boats. Starmer told parliament on ...



Apple bids for Formula 1 rights in US after success of Brad Pitt film

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F1 is yet to make a decision on its future broadcasting arrangements and ESPN may yet retain the rights, according to a person with direct knowledge of the ...



OpenAI clamps down on security after foreign spying threats

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The changes in recent months include stricter controls on sensitive information and enhanced vetting of staff, according to several people close to the $300bn ...



UK challenges more than 40 'shadow fleet' ships a month in English ...

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The expert, who asked to remain anonymous, said the UK had started asking ships about their insurance when they announced their plans to sail through the ...



SpaceX heads to $400bn valuation in share sale

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SpaceX has signalled it will purchase some shares as part of the transaction, according to two people close to the matter. SpaceX purchased $500mn employee ...



Brookfield set to take over 20% stake in Sizewell C

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... a person familiar with the situation. Meanwhile, the original project sponsor, EDF, will reduce its stake to 12.5 per cent, as the French state tasks the ...



Denmark and Finland reject more common EU debt

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A Finnish official, who asked not to be named, said: “Finland is sceptical of [recovery fund]-style instruments,” referring to the debt-fuelled €800bn pandemic ...



China boosts nickel reserves as tensions with US simmer

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China is also stockpiling other industrial metals, according to a person close to a government trading partner. The strategic reserves administration ...



Indian regulator bans Jane Street from dealing securities

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If this money is transferred, a person close to the investigation said, the ban could be lifted. Under Indian law, the company could ultimately face a fine ...

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