Financial Times

Huawei's AI chip sales surge as Nvidia stalls in China

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... with knowledge of the matter with knowledge of the matter. Jensen Huang applauds while wearing a black ...



Israel rushed laser system to UAE to fend off Iran's missiles

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A person familiar with the matter said additional weapons systems were deployed to the Gulf state, along with more Israeli personnel. “It's not a small ...



Hedge fund Elliott likens Iran war to fight against Nazis

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... people with direct knowledge of the matter. Singer is known for ties to pro-Israel causes, while Elliott's head of public affairs recently co-authored a ...



LIV Golf races to secure financial lifeline as Saudis walk away

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PIF governor Yasir al-Rumayyan, an avid golfer who was instrumental in LIV's formation, will step down as its chair, said two people with direct knowledge of ...



How OpenAI's $500bn data centre venture Stargate has shifted shape

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A person close to Crusoe said Microsoft was a preferable tenant. “It's a ... The computing capacity from one project in Ohio could eventually go to OpenAI after a ...



SoftBank plans to list new AI and robotics company in the US

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... people familiar with the matter people familiar with the matter, as he rushes ...



Franco-German tank maker launches probe into bribery allegations ...

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The timing of a listing was not under threat, said a second person familiar with the matter. The company was pushing ahead with analyst meetings on ...



CVC pumps cash into Lipton as €4.5bn tea deal comes off the boil

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Two people with direct knowledge of the matter said the quality of Lipton's teas slowly declined under Unilever's ownership, as the consumer goods group ...



Heathrow's third runway at risk if Rachel Reeves is removed after ...

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Losing her as chancellor would “risk” the entire project, a person close to Heathrow said. There is “no way” the airport meets its deadline without the ...



Milken family office alumni raise $4bn to target private capital ...

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Milken is no longer invested in Silver Rock or the firm's investment strategies, according to a person briefed on the matter. The private equity industry ...



Mexico City seeks new rent controls in gentrification wave

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“We are the target of gentrification,” said one tenant who has lived in the building for 10 years and declined to give his name, citing fear of reprisals from ...



CVC weighs €9bn bid for Italian payments group Nexi

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... according to a person close to H&F. Italy's “golden power” rules, which cover strategically important assets including banking infrastructure, give Rome the ...



Small shareholders keep up pressure on UK bank climate policies

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A person close to the NatWest Group's climate strategy told the FT that the bank's credit experts recently identified US liquefied natural gas ...



Chip toolmaker Tokyo Electron cuts ties with executive linked to ...

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Investor materials and people with knowledge of the matter show Chen was a co-founder of Britech Semiconductor Equipment, which develops tools in where ...



Google staff urge chief executive to block US military AI use

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... asked to remain anonymous. “This is not low-risk and theoretical; we are already in these fights. We see AI being used to support authoritarianism in China ...



OpenAI and Microsoft loosen ties in revised AI deal - Financial Times

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... a person familiar with the matter said. Neither company gave specifics on the cap, but one person familiar said it was likely to be an annual arrangement ...



FirstFT: China orders Meta to unwind $2bn acquisition of AI group ...

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What's at stake: A person familiar with the matter said Beijing had told the two companies that the deal must be unwound completely, including returning ...



Hedge fund Jain Global plans to return cash to investors

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Jain has made 0.6 per cent so far this year, according to a person familiar with the figures. Jain hired more than 200 investment professionals globally ...



Blue Owl investors shun cut-price exit offer from Boaz Weinstein

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... people briefed on the matter. The limited interest to sell shares in the fund to Weinstein's firm Saba Capital signals how unwilling investors are to take ...



Fuel crisis hits remote Pacific island nation of Tuvalu - Financial Times

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“It's becoming more expensive to take the boat out, so of course it's a worry for the business,” said one fisherman, who declined to be named, as he cleaned ...



Nigel Farage targets Barnsley, a town transformed by Labour

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The man, who declined to give his name, said he was on licence from prison for “saying something” at the Rotherham riots in the summer of 2024, two miles down ...



Marketing collective The Independents explores $1bn stake sale

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Banijay has an option to convert its minority holding into control of the business, according to the people familiar with the matter. Banijay has until June ...



Donald Trump and the remaking of America's media order

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... according to several people close to him. Harbath sees these moves as commercially motivated. “Their calculus is, sure, Democrats might take over in four ...



KPMG and EY demote partners in end of job-for-life model

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... with knowledge of the matter told the FT. Equity partners have traditionally lost their status only when they leave the firms, often when they reached a ...



AI data centre emissions vastly underestimated, UK admits

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A person close to the DSIT attributed the changes to “routine review”. For the original estimates, the government commissioned McKinsey to provide a 10-year ...



Investors push for higher yield on $14bn of Oracle-backed data ...

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The deal is expected to close next week, according to a person familiar with the deal. “The strength of this financing is a powerful validation of what we ...



Private equity courts OpenAI and Anthropic - Financial Times

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... people briefed on the matter told the FT. AI promises to automate work such as customer service, coding, data entry and rote legal, marketing and financial ...



How Nestlé's pioneering China business fell into disarray

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A person close to the company said the majority of distributor claims have been resolved. After noticing that the number of Chinese distributors was multiplying ...



OpenAI in talks to commit up to $1.5bn to private equity joint venture

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... with knowledge of the matter. OpenAI had the option to add a further $1bn at a later date, they said. Investors including TPG, Bain Capital, Advent ...



OpenAI in talks to commit up to $1.5bn to private-equity joint venture

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... with knowledge of the matter. OpenAI has the option to add a further $1bn at a later date, they said. Investors including TPG, Bain Capital, Advent ...



Private credit funds strained as borrowing costs edge higher

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... people briefed on the matter. Those facilities are critical to how private credit funds finance themselves, allowing them to borrow against the loans they ...



Donald Trump's 'Board of Peace' held talks with DP World over Gaza ...

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... people familiar with the matter. The talks examined whether the state-owned Dubai multinational could enter into a partnership with the “Board of Peace” to ...



Revolut aims for $200bn valuation in stock market listing

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A person close to the company said that no formal valuation target had been established. Revolut declined to comment. Revolut founder Nik Storonsky said ...



New technology is increasing the speed and depth of cyber attacks

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... according to a person familiar with their thinking. The changes have also seen some turn to former hackers in order to get inside the heads of those ...



Ex-Foreign Office head to accuse Number 10 of pressuring him over ...

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Robbins is not expected to go into full details of what they were, but people briefed on the matter have said the mitigations related to Mandelson's ...



Ex-Foreign Office head takes legal advice over Mandelson vetting ...

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... people briefed on the matter. One senior former Foreign, Commonwealth and Development Office official said Robbins' sacking — which was announced at 10.52pm ...



Big losses and grumbling fans: how Chelsea's private equity ...

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A person close to the club said that Chelsea's owners, who committed to invest £1.75bn into the club at the outset, still have £1.3bn on hand. Chelsea's ...



Wall Street banks trade derivatives to bet on pain in private credit

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... people briefed on the matter. CDS pay out in the event that these vehicles default on their debt, and can be used to bet on or hedge against strains in the ...



Deutsche Bank alerts regulators to potential Russia sanctions lapses

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... according to a person familiar with the matter. The cases were discovered after the bank established a task force to check its controls following a ...



MFS collapse prompts surge in national insolvency rates

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Those companies were connected to MFS, according to a person familiar with the situation and data filed with Companies House. The London-headquartered ...



Inside China's probe of Meta's 'conspiratorial' $2bn Manus deal

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This account of the deal and its fallout is based on FT interviews with multiple people with knowledge of the matter who declined to be identified due to ...



Blue Owl co-founders no longer pledging shares for personal loans

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... people briefed on the matter. Copyright The Financial Times Limited 2026. All rights reserved. Reuse this content (opens in new window) CommentsJump to ...



The tax-focused hedge fund craze taking over Wall Street

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... a person familiar with the matter. A person with long dark hair and a beige coat walks past the Wall Street subway The surge of new investments has raised ...



Trump says next round of US-Iran talks could happen over weekend

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A person briefed on the matter said Trump was putting pressure on Netanyahu to “quieten things down in Lebanon”. An Israeli official said a ceasefire was ...



Anthropic in talks to give US government access to its Mythos model

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Several chief information officers across the US government have asked for access to Mythos, said a person familiar with the matter, but have yet to receive ...



Foreign Office top civil servant forced out over Mandelson vetting ...

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A person close to Mandelson said the former ambassador and ex-cabinet minister had no previous knowledge of the matter. Sir Ed Davey, the leader of the ...



EU ties €35bn fund release to Hungary's break with Orbán era

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EU officials have started preparations for the Ukraine loan going ahead, people briefed on the matter told the FT, to ensure that a decision on disbursement ...



Meta builds AI version of Mark Zuckerberg to interact with staff

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... people familiar with the matter. The company recently began prioritising a Zuckerberg AI character, three of the people said. The Meta chief is personally ...



Mediators pursue Iran-US deal in back-channel diplomacy

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... people briefed on the matter said. The push from mediators comes after high-level negotiations in Islamabad over the weekend failed to reach a deal ...



US and Iran fail to reach deal after marathon talks - Financial Times

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People briefed on the matter said a “stalemate” developed early on in talks over control of the strait, as Tehran refused any methods for joint control of ...

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