Financial Times

UK banks brace for losses on loans to broadband challengers

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NatWest has taken provisions in relation to its loans to the fibre sector, said a person close to the bank. Its commercial and institutional division ...



US tariffs on India hit 50% as Donald Trump-Narendra Modi ties sour

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According to three people briefed on the matter, Modi did not communicate with Trump in the run-up to the tariff deadline, as he was concerned that the US ...



Microsoft talks set to push OpenAI's restructure into next year

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... with knowledge of the matter. Copyright The Financial Times Limited 2025. All rights reserved. Reuse this content (opens in new window) CommentsJump to ...



AstraZeneca bounces back from scandal in China

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He remains in detention, with no update on the investigation, according to several people close to the company. AstraZeneca declined to comment. Wang, known ...



The next stage of the Fed takeover

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A person familiar with the matter said the administration's goal isn't to make the central bank more dovish, but to scrutinize how regional presidents are ...



Data centre developers explore linking up to UK gas pipelines

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... people briefed on the matter told the FT last month. But delays in securing connections to Britain's electricity grid — as well as high electricity prices ...



Grant Thornton cuts bulk of UK secretaries

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... with knowledge of the matter, including looking at initiatives to boost productivity. Grant Thornton UK said: “Like all professional service firms, we ...



Can women's sport turn itself into big business?

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... a person with direct knowledge of the matter. The rise of women's sport is attracting institutional investors and wealthy individuals, particularly in North ...



Private again: Soho House retreats from public markets after rapid ...

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... people briefed on the matter. MCR says it plans to expand by opening sites rather than adding throngs of new members to the existing 46 houses. Another will ...



Jamie Dimon's fortress of diamonds

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“This is very much a bull market financing,” a person briefed on the matter told DD. The financing echoes sentiment across the PE industry that augurs ...



TikTok to lay off hundreds of UK moderators as it shifts to AI

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... people briefed on the matter. The move comes just weeks after key parts of the UK's flagship Online Safety Act came into force, which required companies to ...



Delays to Saudi Arabia's snow mountain put 2029 Asian Winter ...

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A person briefed on the matter said: “They are trying to do something that's never been done before and they are committed to doing it right. A project like ...



Wes Streeting issues private ultimatum to pharma groups in NHS ...

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Senior pharma industry figures are adamant they will not conduct a vote or agree to the terms put forward by UK ministers, according to a person close to the ...



Councils move to close off key alternative to asylum hotels in England

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A person close to Serco said it worked within a price bracket set by the Home Office and consulted with local authorities on where it procured properties.



China turns against Nvidia's AI chip after 'insulting' Howard Lutnick ...

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... a person close to the policymakers. A week after his comments, China's internet regulator CAC issued so-called “window guidance” — an informal notice — to ...



Thoma Bravo secures leeway from backers to hand slice of PE deals ...

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A person familiar with Thoma Bravo said the firm first asked for the carve-out before it started considering a retail vehicle, and that it was intended to ...



Scott Bessent bets on stablecoins to bolster demand for Treasuries

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Treasury officials have also expressed more concern about demand for US debt than normal in those calls, said two of the people briefed on the matter. The ...



The culture war roiling one of Turkey's top universities

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... declined to be named for fear of reprisal. “But there were never any prayer rooms, unlike Oxford where I have also studied. How hard would it have been for ...



Ukraine summit live: Trump says US will arrange meeting between ...

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The maps illustrate the 1,300km frontline, the Russian occupied territories, and the current battlefield situation, according to a person close to the Ukrainian ...



'I almost fell off my chair': Investors lose billions on meme stocks as ...

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One large Wall Street trading firm — which also utilises InvestorLink's platform and asked not to be named — has repeatedly warned the Securities and ...



Switzerland's bid to scrap 'marriage penalty' tax ignites family values ...

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A couple in Zurich, who declined to be named, said they held a wedding ceremony with friends and family — but chose not to legally register the marriage.



Soho House agrees $2.7bn take-private deal

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... people briefed on the matter. The deal draws a line under months of agitation by activist investor Dan Loeb, whose hedge fund Third Point had pressed the ...



Putin demanded Ukraine cede Donetsk and Luhansk in exchange ...

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Another person with knowledge of the matter said Zelenskyy welcomed Trump's apparent willingness to offer US security guarantees to Ukraine but said their ...



Pictet bankers' move to Italy sparks fierce Swiss tax debate

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A person close to
a person close to Demole said he has ...



Tech bosses spend millions more on personal security

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A person close to Nvidia said Huang's security had increased as his fame rose, boosted by his high-profile role lobbying the Trump administration about ...



Jared Kushner's Affinity to take 8% stake in UK lender OakNorth

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... a person familiar with the situation. The deal, which was first reported by Sky News, is set to conclude in the coming weeks. Kushner, who advised his ...



CoreWeave investors sell more than $1bn in shares as IPO lock-up ...

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People close to the matter said there was a frenzy on Thursday evening as bankers put together deals ahead of 84 per cent of CoreWeave's total shares ...



WEF clears Klaus Schwab of material wrongdoing

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Schwab had sued the board and the whistleblowers, pointing to the reputational damage that had been caused, one person briefed on the matter said. The Wall ...



BlackRock strikes $11bn Saudi Arabian natural gas deal

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... person briefed on the matter. The deal is the latest between BlackRock and Saudi Arabia. In late 2021, the US company led a consortium that signed a $15.5bn ...



'Traffic-light' dashboard lets PwC monitor office attendance

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Staff who were unable to meet the in-office quota for reasons including sickness or family issues can seek allowances, said a person close to the firm.



Trump floats US security guarantees for Ukraine in meeting with ...

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The maps illustrate the 1300km frontline, the Russian occupied territories, and the current battlefield situation, according to a person close to the Ukrainian ...



Sam Altman challenges Elon Musk with plans for Neuralink rival

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... people with direct knowledge of the plans. Altman has encouraged the investment and will help launch the project alongside Alex Blania, who runs World, an ...



Donald Trump exposes US retirees to new world of risk with 401k ...

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... people briefed on the matter. Column chart of total assets held in 401k plans ($tn) showing the 401k. Carlyle chief executive Harvey Schwartz said the order ...



China reopens Covid toolbox in battle against Chikungunya virus

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... asked to remain anonymous. Residents can leave the hospital once they are confirmed to no longer be infectious via nucleic acid testing, they added ...



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 ...

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