Financial Times

China's Alibaba shifts towards revenue over open-source AI

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... with knowledge of the matter and a memo sent to staff. Qwen is one of the most popular open-source options so Alibaba's focus on models it can monetise may ...



Bill Ackman in talks to launch fund to bet on investor complacency

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... people briefed on the matter. Ackman's plans for a possible new fund come as this year's market volatility has wrongfooted Pershing. The firm's flagship ...



Lebanon's 10 minutes from hell - Financial Times

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“At first, I didn't understand why the paramedics were taking so long to get here,” said Wahhad, who declined to give his last name. “We thought it was just ...



Apple's foldable snags and OpenClaw coming to smart glasses

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... sources briefed on the matter. The first foldable iPhone is highly anticipated by the industry, as many hope Apple's launch will boost the overall foldable ...



Bill Ackman tries to make music and money mix with €55bn ...

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Ackman's team is confident the French family will support the proposal, according to people close to the matter, although Bolloré has not commented publicly.



Air India chief Campbell Wilson resigns after turbulent tenure

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... with knowledge of the matter. One of the people said he would continue at Air India in the interim until a successor was found. A third person close to the ...



FirstFT: Vietnam swears in Communist Party chief as president

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A person close to the airline said Wilson's resignation came as a surprise because he had been expected to remain at least until the end of 2026. Here are ...



Air India chief quits early after turbulent tenure - Financial Times

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... a person close to the airline said Wilson's resignation came as a surprise because he had been expected to remain at least until the end of 2026. The New ...



JPMorgan to build Canary Wharf's tallest tower after City airport ...

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A person close to JPMorgan said the bank had sought approval for the “maximum height possible to maximise our investment” but added that safety was the ...



China offers diplomatic immunity in bid to host oceans treaty

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With China in the race it is about what type of implementation of the treaty do you want,” a person close to the Belgian bid said. Climate Capital. Where ...



Citi sets aggressive targets for bankers in wealth management unit

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In some cases, the net revenue targets are to double the level for 2026 from a year ago, according to people familiar with the matter. Each banker's targets ...



Trump family-linked investment group backs spa company offering ...

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It was not immediately clear whether the pair had personally invested in XWell, though a person familiar with the matter said the Trumps were involved in ...



Ukraine's drones dent Russia's war-fuelled oil windfall

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... according to a person close to the Russian defence ministry. “If Ukraine can fire cruise and ballistic missiles regularly, then the Russian side will take ...



Donald Trump threatens Iran with 'hell' as search continues for US ...

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“There's an incredible operation under way to try to find this person,” said a person familiar with the US military operations. The US search and rescue ...



How Nelson Peltz chalked up another corporate break-up at Unilever

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After McCormick made its approach a few months ago, the deal came together at a “sprint”, according to a person close to the talks. The deal unveiled this ...



Meta-backed data centre seeks $3bn for campus with novel financing

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“It's more complicated,” according to a person familiar with the deal. “Like you're underwriting two very different types of assets at once.” The campus ...



US searches for crew member after fighter jet shot down over Iran

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... people familiar with the matter said. The second is still missing. Search ... A second American warplane, an A-10 attack jet, was also lost on Friday, according ...



Goldman and Citi tell Paris staff to work from home after thwarted ...

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Goldman told employees in Paris on Thursday they could work from home if they wished to, a person familiar with the matter said, after police and ...



Chelsea FC posts record Premier League loss - Financial Times

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Chelsea expects to report revenues of about £700mn in 2025-26, according to a person close to the club, bolstered by its return to the lucrative Uefa ...



Iran war gives Chinese exporters chance to grab global market share

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“One client told me he is considering shifting some orders from Vietnam and Cambodia back to China,” said the manager, who declined to be named, adding that ...



Iran war exposes split in Donald Trump's base at conservative ...

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A university student from Tampa, Florida, who declined to give his name, dropped a pinto bean in the jar opposing the war, before telling the FT that while ...



The Reform UK youth wing driving the party's reach on campus

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Dylan, 21, a member of York's Reform society who declined to give his last name, boasts about being able to “drop a text” to prominent party figures. Jayden ...



Reform UK's billionaire donor backs disputed Chagos settlement

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... people briefed on the matter. The Foreign, Commonwealth and Development Office has labelled the mission an “illegal, unsafe stunt”. Christopher Harborne ...



SocGen ditches 'shadow' trading floors in favour of work from home

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The revised guidelines allow traders to work remotely for brief periods if its main sites cannot be used, people familiar with the matter told the FT. For ...



Lloyds IT glitch exposed thousands of customer accounts

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... according to a person close to the bank. The MPs' letter also said that some transactions by customers of other banks may also have been visible. Treasury ...



What has happened to Iran's top-tier missiles? - Financial Times

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The attack used several missiles equipped with manoeuvrable warheads, according to a person briefed on the attack. “Tehran may be holding some of its most ...



China reviews $2bn Manus sale to Meta as founders barred from ...

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... with knowledge of the matter. They said Xiao and Ji were questioned on potential violations of foreign direct investment rules related to its onshore ...



Iran's military leaders dismiss Donald Trump's deal claims

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Islamabad had offered to host talks between the warring parties as early as this week, said people briefed on the matter. The US passed its 15-point plan to ...



Danone to buy meal-in-bottle maker Huel in €1bn deal

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... a person close to the company said. Huel's products are made out of a blend of plant-based ingredients, fortified with vitamins and protein. The brand ...



Can David Ellison pull off Hollywood's megamerger? - Financial Times

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A person close to Paramount says the Ellisons are different because they are “owner-operators”, adding: “The Ellison family puts their money where their ...



Nscale's credit history (slightly chipped) - Financial Times

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Neither Nscale nor Sandton would tell us what their holding is, but a person close to Sandton said they are a top-five investor. Given the company now has ...



The politics of cricket in Pakistan - Financial Times

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... according to someone familiar with the conversation. Naqvi's allies counter that he is good for Pakistan's cricketing future. His power, they say, means he ...



Pakistan steps up as go-between in Trump's Iran crisis

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People briefed on the matter said the diplomatic efforts involved very early-stage messaging, rather than a formal process. Sanam Vakil at the Chatham House ...



OpenAI to double workforce as business push intensifies

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The $730bn start-up was aiming to grow to about 8,000 employees from about 4,500 today, according to two people with direct knowledge of the matter. The new ...



Adani's win against Vedanta in takeover fight leaves shareholders ...

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A person close to the proceedings told me Adani's proposal secured 93 per cent of the votes. Last month, Vedanta challenged the decision with the National ...



Unilever in talks to sell food division to spice and sauce maker ...

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A person briefed on the matter said McCormick would fund the deal with a combination of stock and cash. Unilever shares rose around 1 per cent on Friday ...



World Economic Forum explores trustee shake-up after scandals

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“The board and its composition are not new,” said a person close to the board of trustees. “But if you look at who is a member, and for how long, it is ...



Two arrested after attempt to enter UK nuclear submarine base

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A person familiar with the situation said one of those involved was Iranian, while the other was of unknown nationality. The person said the couple ...



Hedge fund Pharo sues landlord over 'intolerable' building works ...

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... a person familiar with the matter. Even so, Pharo, which has 70 London-based employees, had signed a lease to move its staff to a 22,000-square foot office ...



Iran sets its price to end the war - Financial Times

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... a person close to the regime, diplomats and experts said. All this suggests it is digging in for a protracted war of attrition, they said, and will only ...



Microsoft weighs legal action over $50bn Amazon-OpenAI cloud deal

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“We know our contract,” said a person familiar with Microsoft's position. ... OpenAI believes its plans with Amazon are compatible with its deal with Microsoft, ...



Ukraine peace talks fizzle out as Trump's focus shifts to Iran

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US president no longer focused on pressuring Vladimir Putin, European officials say.



Elon Musk pushes out more xAI founders as AI coding effort falters

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... people with direct knowledge of the matters. One area of focus has been the quality of the data used to train the models, a key reason its coding product ...



US has burned through 'years' of munitions since start of Iran war

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The military is expected to brief Congress on munitions expended in the coming days, a person familiar with the matter said. Two silhouetted ground crew ...



Morgan Stanley and Cliffwater limit private credit withdrawals

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Cliffwater is also in the process of raising $1bn for the fund through the sale of a portfolio of loans, according to people briefed on the matter. One ...



Israel expects Lebanon offensive to outlast Iran conflict

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... a person briefed on the matter, and Lebanese officials saying publicly that they would be open to direct talks with Israel. Israeli tank positioned behind a ...



CVC sports empire signs €3.5bn debt deal after stake sale falters

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Instead, KKR will lend about €1.4bn to GSG using capital from insurer Global Atlantic, according to people with direct knowledge of the matter. About €1bn ...



Farage misses out on Trump meeting as their relationship cools

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... people briefed on the matter. They said Farage had hoped he would be able to catch Trump for a conversation as the US president was scheduled to travel to ...



Goldman pitches hedge funds on strategies to bet against corporate ...

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A person familiar with the matter said Goldman had not executed any of these trades at this point. Goldman said: “As a market-maker, we obviously engage ...



Yvette Cooper defends UK's 'cool-headed approach' on Iran after ...

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... people briefed on the matter. Former Labour prime minister Sir Tony Blair is reported to have joined criticism of Starmer's decision not to join the US ...

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