Financial Times

Brazil's Lula weighs into COP30 talks to resolve geopolitical rifts

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... a person close to the French delegation said. “No NDC, no money,” they said. Recommended. Climate change · Gore points finger at Saudi blocking tactics at UN ...



Who is OpenAI's auditor?

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Next, we asked OpenAI. They declined to comment, but a person close to the organisation told us it has “an industry standard audit with one of the Big Four ...



Global crypto rules for banks need reworking, says Basel chair

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The Bank of England has also decided against implementing the rules in their current form, according to a person briefed on the matter. The BoE said: “The ...



Paramount held talks with Saudi wealth fund over potential Warner ...

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... people briefed on the matter said. Ellison, who acquired Paramount this year for $8bn, in recent weeks separately met the kingdom's Public Investment Fund ...



Iranian nuclear experts held second covert meeting with Russian ...

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Andrey Savin, a Laser Systems researcher, visited Tehran in February 2025, where he met representatives of DamavandTec and, according to a person briefed on ...



Hedge funds' bets on Argentina pay off after US bailout

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... a person familiar with the situation. Line chart of Dollar bond due 2038, price in cents showing Argentine assets rebounded on. Some funds had a contrarian ...



Mukesh Ambani's Reliance battles mom-and-pop stores for India's ...

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In quick commerce, “we have to be there because everybody is”, said a person close to the conglomerate. “It is a long-term strategy.” On a call with ...



HSBC board at odds over candidates to succeed Mark Tucker as chair

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“There is a bit of a delay in vetting the candidates,” said a person familiar with the process. “The board can't decide whether or not to advance candidates ...



The growing problem with China's unreliable numbers

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One repatriated US PhD, who declined to be named, recalls working for a local government, also in the 2010s, to help sample the number of livestock on farms.



Meta wins US case that threatened split with WhatsApp and Instagram

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According to a person familiar with the matter, the FTC had demanded a $30bn settlement. Meta initially offered $450mn then raised its proposal to $1bn ...



OpenAI strikes deal with Intuit to plug personal financial data into ...

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Users would opt in to use the apps and Intuit would control what customer data was shared with ChatGPT, according to a person close to the company. Intuit ...



Amazon joins Big Tech bond rush with $12bn debt sale

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... a person close to the deal. Goldman Sachs, JPMorgan Chase and Morgan Stanley are managing the sale, according to regulatory filings. Amazon said: “Like all ...



UK cyber ransom ban risks collapse of essential services

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A person familiar with the matter said the list of regulated bodies was yet to be determined. A Home Office spokesperson cited security minister Dan ...



Why Ireland is paying its artists to create

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One former senior arts official, who asked not to be named, also wondered if a state handout would “mute” an artist's ability to challenge the government.



The 2mn barrel divide: IEA and Opec at odds over oil demand

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One oil market observer, who asked not to be named, said that Iran, under US sanctions, might be trying to hide a share of its oil production, causing ...



Tanzania in turmoil after 'Tiananmen Square moment'

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... asked not to be named. The opposition Chadema party estimates the death toll to be more than 1,000. Government officials have called these figures ...



The pension panic

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A 29-year-old banker from London, who declined to be named, told the FT he paid into a salary sacrifice scheme, but had already contacted his pension ...



China's secretive gold purchases help fuel record rally

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Cambodia recently agreed to place newly purchased gold, paid for in renminbi, in the Shanghai Gold Exchange's vault in Shenzhen, according to a person close to ...



Xi Jinping's purge of military officers raises doubts about China's ...

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“They are trying to keep up appearances, but it is definitely having an effect on the PLA's frontline operations,” said a US official briefed on the matter ...



Gunvor's $22bn gamble: how Torbjörn Törnqvist's Russia deal ...

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... according to several people close to the situation. For Gunvor, however, the optics were challenging, with the media focused on its past links to Moscow as ...



The decade-old deal haunting Cinven

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... people briefed on the matter. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site ...



UniCredit boss fears Kremlin will take over its Russian unit

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People briefed on the matter said UniCredit feared Moscow was more likely to nationalise its operations in Russia if the EU goes ahead with its plan to ...



Elliott seeks to reassure investors as long-term returns fall behind ...

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A person familiar with the fund said that Elliott still had the flexibility to invest in smaller companies as an activist. For example, Elliott has recently ...



Private equity group Vista to cut staff in favour of AI

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There's going to be fewer people in these seats,” a person familiar with the situation said. People close to Vista said Smith's widely reported comments ...



Wall Street CEOs flock to White House dinner with Donald Trump

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... person familiar with the matter. The Wall Street boss has previously met the president to discuss plans to privatise mortgage giants Freddie Mac and Fannie ...



US antitrust regulator launches probe into ISS and Glass Lewis

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... people briefed on the matter. The move comes as US President Donald Trump was considering an executive order to curb the power of the two proxy advisers as ...



UK's Jonathan Powell contacted Moscow in bid to build back ...

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... people briefed on the matter, with one saying it “did not go well”. “There was such contact,” Kremlin spokesperson Dmitry Peskov confirmed to reporters on ...



Syria launches investigation after museum heist

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At least six Roman-era statues were stolen in a heist that seemed to be the work of one or two individuals, an official close to the investigation told the ...



At least 8 killed in New Delhi car blast

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A senior police officer who declined to be identified said three of the dead were inside the moving car that exploded. “Top agencies are investigating the ...



BlackRock to wind down fund that invested in failed car lender Tricolor

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The fund would now focus on the operations and sale of its portfolio companies, said a person briefed on the matter. BlackRock declined to comment. The ...



US presses Israel to let Hamas fighters leave Gaza tunnels

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Israel was close to agreeing a deal earlier this month, said a person familiar with the situation. But politics intervened, with far-right members of Prime ...



Elon Musk celebrates $1tn Tesla pay vote victory

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Musk was more confident of victory this time, according to a person close to the chief executive, because Tesla's move to Texas allowed him and his brother to ...



The UK's rich tap their social circles to borrow millions quickly

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The head of a single family office, who did not want to be named, said: “With real estate there's a big advantage that it's quick and easy to take charge over ...



Sequoia's 'imperial' Roelof Botha pushed out by top lieutenants

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... with knowledge of the matter. The trio of senior partners had the blessing of the wider firm and Doug Leone, Sequoia's former managing partner, said three ...



Backlash leaves diversity executives facing career uncertainty

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“It might not have impacted me yet, but I'm still mourning my career,” says one London-based inclusion executive, who also declined to be named. “It has ...



Think-tank linked to Reform UK says Britain is heading for debt crisis

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A further two bond traders contributed to the report, according to a person close to the CFABB, but did not want to be identified. Dowding said he did not ...



David Lammy under scrutiny over his account of accidental prisoner ...

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... a person familiar with the situation indicated. However, a member of court staff mistakenly recorded on a computer system that he had received a suspended ...



Messina Group seeks to sell stake in lobbying firm co-founded by ...

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... according to a person close to the situation. The move comes in the wake of Mandelson's dismissal in September as the UK's ambassador to the US over fresh ...



Rachel Reeves set to spare UK banks from Budget tax raid

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However, a person close to the Budget process said a “fierce debate” is taking place on whether Reeves should go down that route, with the risk that it ...



Elite bank Coutts increases fees for its least wealthy customers

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More than two-thirds of Coutts customers do not pay the relationship fee, according to a person close to the bank. The fee is based on the combined value of ...



Sudan civil war atrocities cast spotlight on UAE

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An official close to the negotiations in Washington said the SAF had obstructed talks within the Quad, arguing the fall of El Fasher “could have been ...



EU leaders to skip summit in Colombia after Trump sanctions

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... officials briefed on the matter. The cancellations come after Trump accused his Colombian counterpart of being an “illegal drug dealer” and authorised US ...



Commerzbank could leave landmark Frankfurt HQ as it embarks on ...

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Samsung SRA has sounded out project developers about potential upgrades, according to a person familiar with the matter. The company declined to comment on ...



EU set to expand supervision of stock and crypto exchanges

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... people briefed on the matter. The commission will also call for Esma to have the last say on disputes between large asset managers. While not directly in ...



Broadband operator saddled with £1bn debt pile tries to find buyer

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Potential buyers for Gigaclear could include the industry's largest player, CityFibre, according to a person familiar with the matter. Any buyer is likely to ...



Donald Trump-Vladimir Putin Budapest summit axed following ...

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Trump “was not impressed with their position”, said another person familiar with the matter. The decision to scrap the Budapest summit capped a remarkable ...



Aquarian Holdings nears $4bn deal to take US insurer Brighthouse ...

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... people briefed on the matter. Aquarian will pay as much as $70 per share, a 40 per cent premium to Brighthouse's equity price in January when the Financial ...



Cinven's crisis in the UK

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It was “Party 1”, first bidding for Metsera before its listing at the start of the year, according to filings and people briefed on the matter. Then it vied ...



Israeli energy minister stalls $35bn natural gas deal with Egypt

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A person familiar with the situation suggested the dispute centred around the price NewMed is seeking to charge its Israeli customers in ongoing negotiations.



Drone start-up backed by Peter Thiel crashed and burned in armed ...

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... a person familiar with the plan said it was contingent on performance during ongoing trials as well as parliamentary approval. Earlier this month the ...

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