Financial Times

Nvidia in talks to acquire US 'open' model start-up Reflection AI

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A deal between the two companies could be reached in the coming weeks according to multiple people with knowledge of the matter, although they cautioned ...



Syria funnels assets from Assad cronies into secretive $50bn fund

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The fund holds real estate directly and also manages public land that belongs to government departments, according to a person with direct knowledge of its real ...



The hazy OpenAI growth metric driving Wall Street - Financial Times

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... according to a person close to OpenAI. However, OpenAI described the $70bn as a “net” revenue metric when it was approached by the FT at that time. OpenAI ...



China races to build AI data centres across energy-rich hinterland

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... declined to be identified due to the sensitivity of the topic. The city is benefiting from advantages increasingly scarce in other markets: abundant wind ...



LIV Golf accelerates negotiations with players over plans to revive ...

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LIV may owe more than $100mn in total to the trade creditors, according to a person familiar with the situation. Ted Goldthorpe, an executive at BC Partners ...



British consulate in Jerusalem becomes 'UK Mission' after Israel ...

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A person familiar with the situation said the deal followed intense talks between Israeli and UK officials and represented a “compromise” that allowed ...



Ohio Senate race puts Donald Trump's record with blue-collar voters ...

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... a person familiar with the situation. Viewpoints. US representative Brendan Boyle, the top Democrat on the House budget committee, calls on Republicans to ...



US oil trader takes $2bn gamble on tankers as carriers steer clear of ...

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... a person familiar with the situation. The US Navy has been enforcing a blockade of Iranian ports and helping commercial tankers through the strait, with ...



India's motorbike billionaire steering the tussle at Tata

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Srinivasan declined multiple requests for an interview. “Can Noel prevail and get the trusts out of coma?” a person close to some of the trustees said. “If he ...



Kirkland & Ellis to stop disclosing financial performance

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Kirkland's executive committee has for several years considered withholding financial performance data from AmLaw, according to a person close to the firm.



David Ellison built a Hollywood colossus. Now he needs to run it

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... according to a person familiar with the discussion. Most of the reduction in spending is expected to be found through lay-offs, consolidating technologies ...



The online life of the Flydubai attacker - Financial Times

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The United Arab Emirates has said this was a terrorist act. Israeli investigators are convinced that Hammami was a lone wolf, people briefed on the matter said.



UK threatens to expel Israeli diplomats if Jerusalem consulate is ...

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... person familiar with the matter. “The Israeli government is in an election campaign and the issue plays well in its rightwing base,” they added. Two of the ...



How Sainsbury's rediscovered its appetite for supermarket megadeals

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“We're now in a situation where everyone is looking at everyone else,” said a person close to the failed talks. “No one wants to be left behind.” Additional ...



Saudi Arabia, Pakistan and Turkey trigger mutual defence pact

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But an official close to the situation cautioned that interoperability of military forces was “difficult, especially in the middle of a war”. Saudi Arabia ...



Flydubai attacker received flight training in New Zealand

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He was interrogated by Israel's Shin Bet domestic intelligence directorate this week, according to a person familiar with the matter, who added that the two ...



BT buys struggling rival TalkTalk out of administration

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Ares will receive more than £100mn from the deal, according to a person familiar with the matter. But the deal was met with fury by BT rival Virgin Media O2 ...



Chinese women turn to surrogates to avoid motherhood 'penalty'

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One couple, finance workers from Beijing who declined to be named, said they were the first among their friends to pursue surrogacy in the US. “We have more ...



BT weighs improved TalkTalk offer after initial approach rejected

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... according to a person familiar with the matter. TalkTalk has struggled since it was taken private in 2021 by London-based hedge fund Toscafund in a £1.1bn ...



Foreign bid highlights Australia's battle to forge a gold champion

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... a person with direct knowledge of the situation. Northern Star has said that the Gold Fields' bid undervalues its growth potential. The offer means its ...



Paramount picked a bad time to fund a $110bn leveraged buyout

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A big portion of the new debt is held by huge firms like Apollo, Pimco, and Man Group according to a person familiar with the situation. Ellison can take ...



UK ministers resist union demands to rescue Scottish steelmaker

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Dalzell will restart operations this week using imported steel slabs from Kazakhstan, according to a person close to the company. Copyright The Financial ...



Amazon seeks to offload $8bn of Nvidia chips to investors

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... people familiar with the matter. The Seattle-based cloud giant has held talks with investors in recent weeks to gauge interest in the deal, which would ...



UAE investigates if Flydubai attack was 'terrorist activity'

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A person familiar with the situation said Israel was also “involved” in investigating the incident but declined to provide further details. Israeli Prime ...



Donald Trump's ambassador to Greece causes stir in Romania

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... person familiar with the matter told the FT. Romania's government collapsed in May when the Social Democrats pulled out of the ruling coalition and voted ...



OpenAI axes next model citing safety issues - Financial Times

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A person close to the company said GPT-6.1 Astra had scored below GPT-6 Astra, OpenAI's current most advanced model, on alignment evaluations but the ...



Can Kering's 'car guy' CEO make luxury move twice as fast?

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A person close to Kering said de Meo has also promoted people internally and hired from other luxury companies. De Meo has also given back to his old ...



Starbucks retreats from green goals amid $2bn cost drive

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... a person close to the company. Among them was chief sustainability officer Marika McCauley Sine, who was replaced by Kelly Goodejohn, whose title expanded ...



Kremlin pressures Russian businesses to pay for drone defences

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Shopping mall operators were told they were “unlikely to be included at this stage” and could “decide for themselves”, a person familiar with the situation told ...



Armani to kick off stake sale talks with LVMH and L'Oréal

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... people familiar with the matter. After fiercely guarding the independence of the Italian group for decades, Armani shocked the luxury industry a year ago by ...



Amazon wades into India's fast delivery battleground - Financial Times

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A person familiar with Amazon's strategy said executives initially debated “whether it was a fad” before concluding it was the right time to “spread their ...



The west London high street fighting against bookies and chicken ...

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One resident, who asked not to be named, fears the Fix Uxbridge Road campaign will push the high street to “become too sanitised and too middle class”. “I'd ...



ArcelorMittal to shutter Ukraine plant after Russian strikes kill workers

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... a person close to the company. A day before the latest strike on the steelworks, Ukraine launched its largest drone attack on Moscow, which killed at least ...



Poundland owner demands £30mn for chain it bought for less than £1

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A person close to the retailer said that over the first nine months of the current financial year, Poundland was profitable on an earnings before interest ...



L&G to cut a tenth of its workforce - Financial Times

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A person close to the process said that if the 1,000 target was not reached by mid-2027, the company would then seek to make compulsory redundancies. The ...



Xi Jinping arrives for high-stakes summit with Donald Trump as ...

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Xi will stay at the Waldorf Astoria, which was previously the Trump hotel, according to someone familiar with his plans. When Xi last visited Washington he ...



'MBS will not forget': Donald Trump's reluctance to fight Houthis ...

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“There is a certain amount of frustration, but there's also a recognition that's the way [Trump] is,” said one Saudi analyst who declined to be named.



US proposes $10bn fund with Arab allies to bypass Hormuz

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Three other people briefed on the matter confirmed the US was discussing the proposal with regional partners. The US president was expected to meet Arab ...



AI staff complain of mental toll over fears of threat to society

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... with knowledge of the matter. The tight schedules for testing unreleased AI models and alarm over the rapid rollout and growing capabilities of these ...



Top UK graft prosecutors joined Trump's Venezuela oil baron during ...

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However, while A&M held talks about hiring the trio earlier this year, the discussions did not prove fruitful according to a person briefed on the matter.



Saudi wealth fund presses LIV Golf's saviour to prove its ...

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“The BC 2.0 deal is not committed,” said a person close to PIF. The person said PIF believed LIV had been too aggressive in selling the feasibility of BC ...



Saudi Arabia quits China-led cross-border currency platform

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When asked if the Saudi Central Bank, also known as SAMA, had faced any US pressure to withdraw, a person familiar with the matter said it would be ...



FirstFT: Bank exposure to trading firms scrutinised - Financial Times

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... person familiar with the matter. Specialist trading firms and market makers such as Jane Street, Citadel Securities, Susquehanna and Hudson River Trading ...



How Glencore became entangled in $2bn battle with iron ore trader ...

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... a person familiar with the matter. This followed enquiries from the FT about Hill's involvement with the iron ore trader. The plan to work with Radiant had ...



Iran switches from ships to trucks to evade US blockade

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... asked to remain anonymous. In the meantime, Turkey's dusty Gürbulak border crossing, which lies beneath the slopes of Mount Ararat, the fabled landing place ...



British data centre group Nscale files for $35bn US listing

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... a person familiar with the matter. Japanese investment group SoftBank, meanwhile, hopes to list its US data centre developer, SB Energy, sometime in the ...



OpenAI expects to burn $280bn by 2030 - Financial Times

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OpenAI is pushing for a higher valuation, according to a person close to the company. OpenAI's ability to meet its vast funding needs is critical to a ...



Trump family-backed drone maker signs agreement with Pakistan

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It also provides for the sale of drone and interceptor products to Pakistan's military, a person briefed on the matter in Islamabad said. The company ...



Workers at Diageo's largest distillery to go on strike as demand slumps

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A person close to Diageo said it had consulted with the union over the proposed job cuts for several months and had not yet received a counter proposal. At ...



Reform UK's mega-donor backed a friend's libel claim. Now he ...

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A person close to Delo says he does not believe Power or Miller were antisemites and would never have provided financial backing for the defamation case if ...

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