Financial Times

Doubts raised over whether France-UK migrant returns deal is ...

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A person briefed on the matter said “there is no flight today following the legal challenge we faced yesterday”. The man, who cannot be named for legal ...



China lifts exit ban on Wells Fargo banker

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A person close to Mao said they believed she was targeted in part because of her Chinese heritage. China's foreign ministry said the country had handled a ...



The US workers escaping for a career overseas

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... asked to be identified by her first name because she is job hunting. Vanessa is particularly concerned by the Trump administration's policy of mass ...



Jaguar Land Rover's output could take several months to normalise ...

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Even before the latest incident, people briefed on the matter have said the company was facing delays with launching its new electric models. “They are ...



Beijing says TikTok's US app will use Chinese algorithm

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People briefed on the matter said the broad consortium of about a dozen Wall Street investors from April had narrowed significantly, after some such as ...



Disney, Universal and Warner launch copyright lawsuit against ...

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... a person familiar with the situation. The lawsuit includes several screenshots of MiniMax advertisements that feature some of the studios' best-known ...



Senior UK official asks whether pause in pharma sector spending is ...

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A person close to UK health secretary Wes Streeting said there were no concerns that pharmaceutical companies were colluding and the government was not ...



Qatar calls for 'concrete steps' against Israel after missile strikes

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... people briefed on the matter said. Another option, diplomats and analysts said, would be for the United Arab Emirates to downgrade its relations with Israel ...



Private equity invites Chicagoans to roll dice on local casino

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A person close to the Bally's Chicago project said it was hoped it could eventually generate $200mn in annual operating cash flow before $100mn of rent owed ...



Andy Burnham weighs return to Westminster after Keir Starmer's mis ...

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A person close to Burnham said he had been starting to think about a possible return to Westminster in a way he had not done previously, following ...



Nestlé investors call for chair to step down over executive turmoil

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Isla was already actively involved with decision making, said a person close to the company, including in the latest CEO change. Bulcke became Nestlé chief ...



Former chief justice appointed Nepal prime minister in bid to end ...

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... declined to be identified. “At this point, everybody comes with a political baggage, so we had to find somebody we could really trust,” the representative ...



US urged UK to offer a better deal on drug pricing to pharma ...

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A person close to Reeves said Stephens acknowledged wider challenges for the pharmaceutical industry, and showed understanding about the tough fiscal ...



Skadden held talks to provide unpaid legal work for Heritage ...

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... with knowledge of the matter, though they added it had not yet carried out any such work or agreed to do so. The move comes after nine major law firms ...



JPMorgan and Fifth Third face losses tied to collapsed subprime car ...

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JPMorgan had similar levels of exposure to Tricolor as Fifth Third, one person familiar with the matter said. Tricolor has a sprawling business buying and ...



US DoJ probes fraud allegations at subprime car lender Tricolor

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... people briefed on the matter. JPMorgan and Fifth Third Bank each have about $200mn in exposure, the Financial Times has reported. Barclays is also listed as ...



Israel unbound: was Qatar a strike too far?

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American officials also held direct talks with Hamas last week, according to a person briefed on the discussions. Hamas officials, Khalil al-Hayya, right ...



China detains banker son of ex-regulator facing corruption probe

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The people briefed on the matter said the younger Yi could emerge unscathed from the probe into his father and return to the investment bank. Xi's wide ...



Sealing the succession: inside 'immortal' Murdoch's last big deal

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James Murdoch was disappointed by the outcome but felt he had no choice, said a person close to the matter. The previous trust would have split voting power ...



Nvidia-backed AI start-up Reflection nears deal for $5.5bn valuation

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Reflection, which is building artificial intelligence tools focused on coding, would raise about $1bn, according to four people with direct knowledge of the ...



Aquarian in final fundraising stage for deal to acquire Brighthouse

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... people briefed on the matter told the Financial Times. Aquarian has been pursuing a takeover of Brighthouse for months with committed debt financing from ...



Fear of China denies Taiwan film businesses a 'Zero Day' payout

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One actor who declined to be named said she had decided against taking a role in a Taiwanese film because she feared it might tie her image too closely to ...



Denials and defiance: Nestlé chief's exit over relationship prompts ...

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... with knowledge of the matter. “Laurent Freixe denied the relationship throughout the course of both investigations,” Nestlé said in a statement. The woman ...



Jane Street revenue eclipses $10bn in a quarter for first time

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... people briefed on the matter. JPMorgan and Goldman, which have long intermediated trades for big investors on Wall Street, posted second-quarter trading ...



Jefferies among private credit investors exposed to US auto ...

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... people familiar with the matter. Ohio-based FBG, a privately held company owned by little-known businessman Patrick James, has appointed Deloitte to carry ...



McLaren F1 team owner valued at more than £3bn in stake sale

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... with knowledge of the matter. A £3bn valuation would be more than five times the £560mn ascribed to McLaren in the December 2020 fundraising. It would ...



LetterOne sets aside $300mn as sanctions on founders block ...

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L1 is required by law to set aside and freeze the portion of these dividends due to sanctioned individuals.” A person close to the company said that because of ...



Zuckerberg's AI hires disrupt Meta with swift exits and threats to leave

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Wang and other former Scale staffers have struggled with some of the idiosyncratic ways of working at Meta, according to someone familiar with his thinking ...



Stamp duty row: has Angela Rayner broken any rules?

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... a person familiar with the situation. She took her name off the property deed and proceeded to buy a new apartment in Brighton and Hove, this person said ...



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.

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