Financial Times

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 ...



China's Alibaba shifts towards revenue over open-source AI

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... with knowledge of the matter and a memo sent to staff. Qwen is one of the most popular open-source options so Alibaba's focus on models it can monetise may ...



Bill Ackman in talks to launch fund to bet on investor complacency

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... people briefed on the matter. Ackman's plans for a possible new fund come as this year's market volatility has wrongfooted Pershing. The firm's flagship ...



Lebanon's 10 minutes from hell - Financial Times

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“At first, I didn't understand why the paramedics were taking so long to get here,” said Wahhad, who declined to give his last name. “We thought it was just ...



Apple's foldable snags and OpenClaw coming to smart glasses

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... sources briefed on the matter. The first foldable iPhone is highly anticipated by the industry, as many hope Apple's launch will boost the overall foldable ...



Bill Ackman tries to make music and money mix with €55bn ...

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Ackman's team is confident the French family will support the proposal, according to people close to the matter, although Bolloré has not commented publicly.



Air India chief Campbell Wilson resigns after turbulent tenure

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... with knowledge of the matter. One of the people said he would continue at Air India in the interim until a successor was found. A third person close to the ...



FirstFT: Vietnam swears in Communist Party chief as president

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A person close to the airline said Wilson's resignation came as a surprise because he had been expected to remain at least until the end of 2026. Here are ...



Air India chief quits early after turbulent tenure - Financial Times

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... a person close to the airline said Wilson's resignation came as a surprise because he had been expected to remain at least until the end of 2026. The New ...



JPMorgan to build Canary Wharf's tallest tower after City airport ...

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A person close to JPMorgan said the bank had sought approval for the “maximum height possible to maximise our investment” but added that safety was the ...



China offers diplomatic immunity in bid to host oceans treaty

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With China in the race it is about what type of implementation of the treaty do you want,” a person close to the Belgian bid said. Climate Capital. Where ...



Citi sets aggressive targets for bankers in wealth management unit

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In some cases, the net revenue targets are to double the level for 2026 from a year ago, according to people familiar with the matter. Each banker's targets ...



Trump family-linked investment group backs spa company offering ...

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It was not immediately clear whether the pair had personally invested in XWell, though a person familiar with the matter said the Trumps were involved in ...



Ukraine's drones dent Russia's war-fuelled oil windfall

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... according to a person close to the Russian defence ministry. “If Ukraine can fire cruise and ballistic missiles regularly, then the Russian side will take ...



Donald Trump threatens Iran with 'hell' as search continues for US ...

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“There's an incredible operation under way to try to find this person,” said a person familiar with the US military operations. The US search and rescue ...



How Nelson Peltz chalked up another corporate break-up at Unilever

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After McCormick made its approach a few months ago, the deal came together at a “sprint”, according to a person close to the talks. The deal unveiled this ...



Meta-backed data centre seeks $3bn for campus with novel financing

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“It's more complicated,” according to a person familiar with the deal. “Like you're underwriting two very different types of assets at once.” The campus ...



US searches for crew member after fighter jet shot down over Iran

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... people familiar with the matter said. The second is still missing. Search ... A second American warplane, an A-10 attack jet, was also lost on Friday, according ...



Goldman and Citi tell Paris staff to work from home after thwarted ...

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Goldman told employees in Paris on Thursday they could work from home if they wished to, a person familiar with the matter said, after police and ...



Chelsea FC posts record Premier League loss - Financial Times

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Chelsea expects to report revenues of about £700mn in 2025-26, according to a person close to the club, bolstered by its return to the lucrative Uefa ...



Iran war gives Chinese exporters chance to grab global market share

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“One client told me he is considering shifting some orders from Vietnam and Cambodia back to China,” said the manager, who declined to be named, adding that ...



Iran war exposes split in Donald Trump's base at conservative ...

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A university student from Tampa, Florida, who declined to give his name, dropped a pinto bean in the jar opposing the war, before telling the FT that while ...



The Reform UK youth wing driving the party's reach on campus

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Dylan, 21, a member of York's Reform society who declined to give his last name, boasts about being able to “drop a text” to prominent party figures. Jayden ...



Reform UK's billionaire donor backs disputed Chagos settlement

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... people briefed on the matter. The Foreign, Commonwealth and Development Office has labelled the mission an “illegal, unsafe stunt”. Christopher Harborne ...



SocGen ditches 'shadow' trading floors in favour of work from home

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The revised guidelines allow traders to work remotely for brief periods if its main sites cannot be used, people familiar with the matter told the FT. For ...



Lloyds IT glitch exposed thousands of customer accounts

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... according to a person close to the bank. The MPs' letter also said that some transactions by customers of other banks may also have been visible. Treasury ...



What has happened to Iran's top-tier missiles? - Financial Times

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The attack used several missiles equipped with manoeuvrable warheads, according to a person briefed on the attack. “Tehran may be holding some of its most ...



China reviews $2bn Manus sale to Meta as founders barred from ...

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... with knowledge of the matter. They said Xiao and Ji were questioned on potential violations of foreign direct investment rules related to its onshore ...



Iran's military leaders dismiss Donald Trump's deal claims

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Islamabad had offered to host talks between the warring parties as early as this week, said people briefed on the matter. The US passed its 15-point plan to ...

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