Financial Times

Cinven private equity co-heads on mis-steps: 'Let's move on'

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In an early sign of a steadier ship, Cinven is about to close a small €1.5bn fund focused on midsized buyouts, according to one person briefed on the matter.



Argentina battles flood of contraband goods as Milei opens economy

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... requested anonymity to discuss the sensitive subject. “Those of us who pay our taxes are getting killed because we can't compete.” The flow of contraband ...



CEO of India's largest private bank to step down - Financial Times

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Several people with knowledge of the matter said at the time that Chakraborty, who had been non-executive chair of HDFC Bank since 2021, was opposed to ...



US and Iran exchange fire for the first time in more than a month

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Tehran lobbed “a few missiles” at Jordan in retaliation but they were intercepted by American forces, according to a person familiar with the matter. The ...



Glencore threatened with $1.4bn lawsuit from embattled trader ...

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A person familiar with the matter said that Glencore's net exposure to Radiant had always been under $1bn, and on average over the past decade Radiant had ...



Burnham's devolution push delays police merger plans

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A person familiar with the situation said the change meant Hogan-Howe's report on a new police force structure would be delivered in the autumn rather than ...



Saudi Arabia shakes up flagship real estate project - Financial Times

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... a person familiar with the matter. “There's a general trend towards trying to reduce the expat exposure across all of the portfolio companies as there's a ...



Gatwick airport water supplies hit by burst pipe - Financial Times

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Water supply to both of Gatwick's terminals was affected by the Friday incident involving the burst main, a person familiar with the matter said. Some ...



China's actors written out of dramas as AI doubles ready to take their ...

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“At first, the actors who signed for these things were shamed because they were seen as taking jobs from others,” said the host, who declined to be identified ...



Jane Street's growing pains - Financial Times

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The firm had in June warned its bank lenders and certain employees that large losses were possible, according to a person briefed on the matter. Unlike ...



Activist fund targets Samsung in South Korea's first test of ...

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Flashlight, which owns less than 5 per cent of S-1, is also expected to try to buy shares from Secom later, according to people close to the matter.



Interpath chief fined over confidentiality breaches before sale by ...

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Raddan's breaches were identified during a regulatory review of KPMG's work, according to a person familiar with the matter. No KPMG client suffered a loss ...



Launch date for London robotaxis slips amid TfL uncertainty

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TfL's delay in producing its guidance has frustrated some prospective robotaxi operators. “The ball is in their court,” said one. A person close to TfL said ...



NatWest plots push into US market - Financial Times

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These changes in January 2025 were a key factor in NatWest's US push, according to a person familiar with the matter. Rules introduced after the 2008 crisis ...



Iranians queue for petrol as US blockade bites - Financial Times

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A limit of 20 litres per car meant that motorists had to keep returning, said the attendant, who did not want to be named. The country, a major crude ...



Tokio Marine plots multibillion-dollar deal after Berkshire takes stake

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Two people with direct knowledge of the matter said Suncorp has emerged as the preferred target, with the Canadian company deemed too large. The same people ...



Will robotaxis clog up Britain's cities? - Financial Times

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... a person close to TfL said. Copyright The Financial Times Limited 2026. All rights reserved. Reuse this content (opens in new window) CommentsJump to ...



UBS concern over private markets push by manager of $1bn ...

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... people familiar with the matter, despite obstacles to moving a fund with illiquid investments that could affect development projects in emerging economies.



Coffee chain Blank Street raises funds from General Atlantic to fuel ...

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... a person close to the company. Some of Blank Street's investors had hoped the new funding round could lift the company's valuation closer to $1bn, but ...



Anthropic's best AI model struggles to attract users as cheaper tools ...

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... with knowledge of the matter. It also told investors that it had 6,000 customers that spend $100,000 annually or more. The company declined to comment ...



Qatar cuts state spending at home and abroad as war shrinks ...

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The budget cuts were part of Doha's response to the sharp decline in LNG revenue, three people briefed on the matter said. The precise amount of spending ...



Pentagon fires military newspaper staffers for insubordination

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In another Pentagon shake-up, army secretary Dan Driscoll is expected to step down by the end of the year, according to a person familiar with the matter.



SEC accuses ex-Bank of America utilities banker of insider trading

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A person familiar with the matter said Satsky has left the bank as part of a wave of lay-offs more than a year ago. The former banker is listed as co ...



Who is really buying China's humanoid robots? - Financial Times

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... asked not to be named. “We're looking for opportunities to sell down some of our holdings to other investors and secure an exit.” As part of Beijing's plan ...



Brazilian municipalities join BHP and Vale dam collapse payout ...

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... a person with direct knowledge of the matter. They included leading claimant Mariana itself, representing the area at the epicentre of the catastrophe in ...



China eases limits on Nvidia H200 chips as AI race escalates

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... with knowledge of the matter. The H200 is at least two generations behind Nvidia's most powerful chips, which Chinese customers are not allowed to buy due ...



The outspoken Hindu monk remaking India's biggest state

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“The chief minister has created such a good investment environment,” said one leading Indian businessman with interests in the state who requested anonymity.



BlackRock and Oaktree take keys of top supplier to Hollywood studios

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One person briefed on the matter said MBS Group was also being affected by Hackman Capital's own financial pressures, prompting it to begin discussions over ...



Revolut to let Nik Storonsky borrow up to $250mn against his stake

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According to a person familiar with the matter, Storonsky owns about 29 per cent of the group, which was valued at $115bn in an employee secondary share ...



Sweden's EQT buys Australian rugby league club in first sports foray

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The deal values the club at A$150mn ($106mn), according to a person with direct knowledge of the talks. EQT declined to comment on the financial details. It ...



AI hasn't gone rogue. It's worse than that - Financial Times

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This was a result of human error or “miscommunication” between Irregular and the AI labs, says a person familiar with the situation. Anthropic said the ...



Trump ballroom official held quiet Kremlin talks - Financial Times

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One of the people Cook met was Anton Kobyakov, a senior aide to Putin, according to a person familiar with the matter. Cook was the first US official to ...



Mark Walter sought loan from Apollo backed by Lakers stake

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... people briefed on the matter said. The drop was tied in part to changes in when the Guggenheim unit accounts for some of its revenues, one person said. The ...



Mark Walter's empire of assets and liabilities - Financial Times

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... people briefed on the matter. And another one: Higgsfield, an AI video generation platform, has raised $400mn at a $5.4bn valuation from investors including ...



Andy Burnham exchanged texts with person posing as Trump's chief ...

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People briefed on the matter insisted that the conversations were by message — not a phone call — and that no significant information was conveyed in the ...



Ferrari's first EV auctioned off at record $40mn - Financial Times

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People with knowledge of the matter told the FT last month that Ferrari had been aiming to sell close to 500 units of the EV this year. The auction price at ...



Chelsea shareholders Mark Walter and Todd Boehly in talks to sell ...

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... people briefed on the matter. Any deal would potentially help to resolve long-running tensions among the Premier League club's ownership group, which ...



US considers sanctions on Brazil judge in new test of diplomatic ties

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... person familiar with the matter who asked not to be named. The judge authorised police raids against a journalist and two alleged sources under an ...



What to do if a City headhunter calls - Financial Times

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“This was an issue towards the end of my career,” says one former bank analyst, who asked not to be named. “I had quite a chunk that would have put people ...



Turkey and Cyprus holiday spots hit by Iran war and last-minute ...

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... asked not to be named. “They kind of killed it for us.” He added that the country's holiday spots had been feeling the squeeze since bookings fell following ...



Geneva super-rich rocked by luxury home burglary spree

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One Geneva-based commodities trader, who asked to remain anonymous, said assailants who targeted a friend's family kidnapped one of their teenage children ...



Mike Ashley promises 'Dunkirk spirit' as he barrels into the luxury ...

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Boss is Frasers' biggest-selling non-sportswear brand, according to a person close to the company. A woman carrying shopping bags walks past the Boss store ...



OpenAI and Anthropic in price war as Chinese AI rivals gain ground

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A person close to Anthropic said Opus 5's pricing below its flagship Fable 5 was how the start-up's “family of models is built, so there's no connection to ...



Farage aide Cottrell had secret Polymarket account that placed bets ...

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... according to a person briefed on the matter. There was heightened media scrutiny of Polymarket betting on the US general election at the time. Cottrell was ...



Bezos-backed group strikes deal for stake in Liverpool FC

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The arrival of new investors will not change the club's approach to transfers and the wider game, according to a person close to the transaction. The deal ...



Anthropic investors bet on $2tn valuation in record IPO

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... with knowledge of the matter. Even so, they said the company had rebounded and continued to grow at an extraordinary rate even by Silicon Valley standards ...



How Aston Martin showed bondholders the hard shoulder

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But once that had been repaid, according to a person familiar with the situation, Aston Martin may have had more leeway to make the controversial transfer.



US race to compete with China on lithium runs into water battles

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A person close to the Thacker Pass project confirmed that water had become an increasingly contentious issue in Nevada. Developing future phases of the ...



The battle for control of India's $280bn Tata Group - Financial Times

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A source close to Chandrasekaran said he had been thinking of quitting for “some time” given the friction with Noel Tata was “not going anywhere” and “there is ...



How a bad trade pushed a US mortgage giant into a $2bn lifeline

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After last week's sell-off, JPMorgan requested additional collateral from Ishbia, according to a person familiar with the matter. JPMorgan declined to ...

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