Financial Times

Hong Kong's devastating blaze sharpens scrutiny of bamboo ...

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After news of the blaze, one Hong Kong-based architect, who asked to remain anonymous, said that their team immediately tested all the mesh and bamboo used ...



Anti-corruption authorities raid house of top Zelenskyy aide

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A person close to the investigation said that authorities were preparing to deliver a notice of suspicion to Yermak — a formal notification that the ...



Where will DMGT find £500mn to pay for the Telegraph?

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However, a person familiar with the situation poured cold water on that idea, saying that the restructuring was neutral from a valuation perspective. Money ...



China's tech giants take AI model training offshore to tap Nvidia chips

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... people with direct knowledge of the matter. These people said there had been a steady increase in training in offshore locations after the Trump ...



Tether: the $180bn gold whale

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“Their goal is to keep consolidating the small to mid-cap gold royalty space,” said a person briefed on the matter. Tether had held discussions with ...



Fiscal watchdog under scrutiny after Budget day errors

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A person close to the Financial Conduct Authority said the financial regulator did not suspect foul play in the leak, noting that it “appears to be an accident” ...



Law firm Cohen & Gresser in talks to sell stake to private equity

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... people familiar with the matter. The talks could lead to a deal as soon as the first quarter of next year, one of the people said. “We have been preparing ...



Telefónica proposes cutting 5,000 jobs in Spain

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Executives presented the plan to unions in recent days, according to a person familiar with the matter, who emphasised that the number of jobs lost might ...



Starmer's top business adviser emerges as frontrunner to replace ...

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... people briefed on the matter. His main challenger is Christian Turner, a former political director at the Foreign, Commonwealth and Development Office who ...



BHP walks away from fresh Anglo American tie-up

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A banker, speaking off the record, said it was a surprise that BHP had returned to the fray only to give up so quickly. “I thought they'd come back and ...



Real Madrid plots ownership shake-up to stay ahead of Premier ...

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... with knowledge of the matter. While the meeting is a standard event, where members will vote to approve the annual accounts, Pérez's speech will be closely ...



Bill Ackman plots IPO of hedge fund Pershing Square in early 2026

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... people briefed on the matter. The listing could come as early as the first quarter of 2026, said one of those people. The people cautioned that the talks ...



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 ...



Donald Trump's support for pro-AI proposal fuels Maga backlash

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... according to a person familiar with the matter. Trump's backing of a federal framework — a priority for Silicon Valley lobbyists who fear restrictions on AI ...



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 ...



Warner settles lawsuit and agrees licensing deal with AI music ...

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... people familiar with the matter, as major labels seek to set terms for payment in the AI era. Warner, the world's third-largest music company and home to ...



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 ...

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