Financial Times

China's price wars hit investment banking as underwriters charge ...

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... asked not to be named. “The headline fee [pitched by banks] might look decent, but the final bid is a giveaway.” “These ultra-low bids are all about winning ...



Sympathy wanes for resident doctors preparing to go on strike

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... people close to the matter. Melissa Ryan and Ross Nieuwoudt, co-chairs of the BMA resident doctors committee, said on Wednesday: “While we were happy to ...



Major AI data centre planned for Teesworks site

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... people briefed on the matter. A planning application for a data centre project of nearly 500,000 sq metres was submitted locally late last month by ...



JPMorgan explores lending against clients' crypto holdings

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JPMorgan could start lending directly against crypto assets such as bitcoin and ethereum next year, according to people familiar with the matter, who ...



Billionaire Zara founder buys stake in UK port group from Brookfield

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Brookfield is selling its stake at a valuation of slightly under £2bn, said a source briefed on the matter. The terms of the deal were not disclosed, but ...



Microsoft poaches top Google DeepMind staff in AI talent war

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A person close to the matter said DeepMind's attrition rates are below the industry average and the company has poached a similar number of researchers from ...



Virgin float has led Australian IPO market revival, says Bain

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... people with direct knowledge of the talks. Murphy declined to comment on the Perpetual bid but said that tapping into Australia's booming wealth management ...



India pushes arms exports after Pakistan clash showcases weaponry

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... asked not to be named because of the sensitivity of defence sales. He added: “We are not actively going around flogging any particular weapons.” 2028-29.



Chatbots in the classroom: how AI is reshaping higher education

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An Oxford undergraduate, who asked to remain anonymous as they have not disclosed using AI in their essays, says the technology had a negative impact on ...



EU hits Russia with fresh sanctions aimed at banking and energy

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The EU would continue talks with the US and other partners to reach a full deal on the cap, an official involved in the negotiations said. The latest ...



Volodymyr Zelenskyy accused of authoritarian slide after anti ...

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A person close to Kubrakov said they believed the searches of his home amounted to “revenge” for a criminal corruption probe opened this month into a close ...



MI6 operatives and UK special forces named in leaked Afghan ...

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... a person with direct knowledge of the matter. The identity of British spies and elite special forces troops is closely guarded to preserve their safety. The ...



AI start-up Perplexity's valuation tops $18bn months after latest ...

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... people with direct knowledge of the situation. The three-year-old company is aiming to take on Google's dominance in internet search, and recently launched ...



Investors rage over Vietnam's alleged breach of power contracts

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... asked to remain anonymous. “There is not a chance in hell of any serious funds being attracted into Vietnam's power sector.” EVN warned the ministry that ...



Banking climate alliance battles to retain big European lenders

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A person close to Barclays said a decision on membership had not been made, and that the bank was still a member. UBS said it would “carefully consider” how ...



Howard Lutnick says easing of Nvidia's AI chip exports linked to ...

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But a person familiar with the situation said the commerce department would start approving export licenses for these chips, after Nvidia on Monday said it ...



Jane Street deposits $560mn in step to lift India trading ban

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The company plans to “strenuously contest” Sebi's findings, said a person familiar with the matter. This is a developing story. Copyright The Financial Times ...



French telcos explore carve-up of Patrick Drahi's SFR

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A person familiar with Orange's thinking said the company was looking to maintain its market leadership in any agreement, while also seeking to acquire some ...



Ireland begins complex forensic dig to locate 796 babies

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Relatives are hoping remains can be identified and given a proper burial. “[The children] have to be put to rest,” said one resident, who asked not to be named, ...



BCG earned more than $1mn for Gaza aid barge project

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BCG staff supported MHAF “administratively and strategically”, according to a person familiar with the work. It helped set criteria that MHAF should use to ...



Wimbledon body warns plans for ticket resale price cap would ...

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... a person with direct knowledge of the matter. The debentures, which were introduced by the AELTC in 1920, are the only Wimbledon tickets that can be legally ...



Israel and Hamas inch closer to Gaza ceasefire deal

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... a person familiar with the matter. Under the proposed plan, which is still in its initial stages, Palestinians would be concentrated in one area and live ...



Kraft Heinz explores potential break-up

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Packaged foods giant Kraft Heinz is studying a break-up a decade after Warren Buffett and 3G Capital merged the two brands, people briefed on the matter have ...



News-powered hedge fund group Hunterbrook valued at $100mn

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... according to a person familiar with the fundraise. Hunterbrook was launched in 2023 by investor Nathaniel Brooks Horwitz and writer Sam Koppelman, creating ...



Moët Hennessy sexual harassment case shines light on company's ...

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A company of parent LVMH's size might have dozens of cases pass before the tribunal in a given year, according to a person close to Moët Hennessy. They ...



UK-France migration deal fails to address root causes, UN migration ...

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... people briefed on the matter. That would equate to about one in 17 migrants that currently reach Britain on small boats. Starmer told parliament on ...



Apple bids for Formula 1 rights in US after success of Brad Pitt film

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F1 is yet to make a decision on its future broadcasting arrangements and ESPN may yet retain the rights, according to a person with direct knowledge of the ...



OpenAI clamps down on security after foreign spying threats

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The changes in recent months include stricter controls on sensitive information and enhanced vetting of staff, according to several people close to the $300bn ...



UK challenges more than 40 'shadow fleet' ships a month in English ...

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The expert, who asked to remain anonymous, said the UK had started asking ships about their insurance when they announced their plans to sail through the ...



SpaceX heads to $400bn valuation in share sale

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SpaceX has signalled it will purchase some shares as part of the transaction, according to two people close to the matter. SpaceX purchased $500mn employee ...



Brookfield set to take over 20% stake in Sizewell C

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... a person familiar with the situation. Meanwhile, the original project sponsor, EDF, will reduce its stake to 12.5 per cent, as the French state tasks the ...



Denmark and Finland reject more common EU debt

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A Finnish official, who asked not to be named, said: “Finland is sceptical of [recovery fund]-style instruments,” referring to the debt-fuelled €800bn pandemic ...



China boosts nickel reserves as tensions with US simmer

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China is also stockpiling other industrial metals, according to a person close to a government trading partner. The strategic reserves administration ...



Indian regulator bans Jane Street from dealing securities

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If this money is transferred, a person close to the investigation said, the ban could be lifted. Under Indian law, the company could ultimately face a fine ...



The details of Jane Street's alleged 'sinister scheme' in India

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The regulator has asked Jane Street to put $550mn of “illegal gains” in an escrow account, the statement said. If this money is transferred, a person close to ...



Matthew Freud sets up sale of PR firm with help from George Osborne

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A person close to Freud said he would sell only to the right buyer who would continue to devote some of the agency's resources to good causes, as well as ...



Tech venture firms deploy private equity 'roll-up' strategy

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The investment values the New York-based group at $225mn, according to people with knowledge of the matter. The funding will go towards buying up smaller ...



OpenAI signs $30bn data centre deal with Oracle

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People close to the matter confirmed to the Financial Times that the customer was OpenAI as part of its expansion of Stargate. Potential locations for new ...



India seeks to seal interim trade deal with US this week

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A senior Indian government official, who asked not to be named, said there was “a lot of sensitivity” over its agriculture markets. India Business Briefing.



Japan digs in on rice and cars as trade talks with US stall

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... people with direct knowledge of negotiations. That will raise the risk for Prime Minister Shigeru Ishiba, who is suffering low approval ratings and has a ...



Hedge funds dive into private credit

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Ken MacKenzie, former chair of the mining company BHP, has also been approached, but a person close to him confirmed he wasn't seeking a role. Former Anglo ...



Mexico and Brazil seek deeper trade ties to expand beyond US and ...

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... with knowledge of the matter said. In that time, left-wing leaders Sheinbaum and President Luiz Inácio Lula da Silva have met on four separate occasions ...



EU toughens stance on Donald Trump's tariffs as deadline looms

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... people briefed on the matter. They are also demanding reductions to higher sectoral levies. In the UK case, US tariffs on cars and steel continued for some ...



Peter Thiel joins tech billionaires backing new lender Erebor to rival ...

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Erebor's co-founders first discussed launching a bank after the collapse of SVB in 2023, according to a person close to the matter. SVB had been the main ...



Starmer guts UK welfare reforms to avoid Commons defeat

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A person close to the discussions said the final change — to scrap all elements of the Pip reform — would not have happened if ministers were confident they ...



Citadel outshone by smaller hedge fund rivals in trade war turmoil

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Citadel's flagship Wellington fund gained 2.5 per cent in the first half of 2025, according to a person familiar with the matter. Balyasny and ExodusPoint ...



WHSmith takes haircut on price tag for high street business

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However, some landlords and suppliers are more sceptical about the division's prospects under its new owners, according to two sources close to the business.



See a physio, quit the fizzy drinks: employers intervene to stem ill ...

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... declined to be named. Interventions had sometimes been used “as a mechanism for managing people out”, but “in good organisations, it's seen as independent ...



Where to visit (and where to avoid) for reasonably priced restaurant ...

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Things are just as bad, if not worse, for wine drinkers across the Atlantic. One observer of the New York restaurant scene who insisted on anonymity reported ...



Donald Trump ally seeks to snap up DR Congo mine as US brokers ...

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Although Donald Jr and Beach are old college friends, the president's son has no involvement in Beach's business ventures, according to a person close to Donald ...

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