Financial Times

Oil falls as Iranian state television reports details of peace proposal

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Tasnim, a semi-official news agency affiliated to Iran's Revolutionary Guards, quoted a person close to the negotiations as saying they were positive and ...



Samsung workers set for $400,000 bonus after deal to share AI profits

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Workers in its DX division, which makes smartphones, televisions and other gadgets, will only receive about Won6mn in bonuses, according to a person close to ...



Donald Trump says rising economic costs will not force him into Iran ...

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Tasnim, a semi-official news agency affiliated to Iran's Revolutionary Guards, quoted a person close to the negotiations as saying the talks in Doha were ...



BP chair's departure turns spotlight on Meg O'Neill to deliver swift ...

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The executive, who did not want to be named, said a new chair should be empowered to rebuild the board with professionals who know their role is to advise ...



BP removes chair Albert Manifold after claims of bullying

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A person close to Manifold said he had been challenging excessive spending within BP and believes that had made him unpopular. They added he had not been ...



Duke of Norfolk to host Reform UK donors as Farage seeks to widen ...

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... people briefed on the matter. Fitzalan-Howard, a crossbench peer with no party affiliation, was one of two people to win a concession this month to keep his ...



UK defence secretary's plane has GPS jammed near Russian border

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The plane involved, a Dassault Falcon 900LX, is the same one used by King Charles, according to a person familiar with the matter. The incident on Thursday ...



AI guardrails stripped from Meta and Google models in minutes

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Meta declined to comment. A person close to the company said it assesses its open-source models' capabilities before releasing them, according to its Advanced ...



Uber weighs higher bid for Delivery Hero after €11.5bn offer rebuffed

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The Uber board held a meeting in which it discussed the status of its takeover bid, according to three people familiar with the matter. Uber approached one ...



The new arms race in computing power - Financial Times

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“[Google's acquisition of] DeepMind was a huge blow to British AI,” says one expert who asked to remain anonymous. “Yes, they are still in London. But we ...



Delivery Hero reveals Uber takeover bid at €10bn valuation

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... people familiar with the matter. He floated a price of about €33 per share but was rebuffed, they added. In a statement released after the FT report was ...



Uber and DoorDash sound out investors for Delivery Hero bid

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... people familiar with the matter. Several investors have indicated they would seek a price above €40 per share, which would be a 19 per cent premium on ...



Ex-WHSmith high street chain 'almost completely broken', says new ...

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A person close to WHSmith said that all prospective buyers of the high street business had access to all relevant information before doing the deal. The ...



Regional mediators travel to Tehran in push for US-Iran deal

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A Qatari delegation was also holding talks in Tehran, a person briefed on the matter said. The mediators are seeking to get the parties to agree to end the ...



Reform UK by-election candidate accused of offensive social media ...

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... people briefed on the matter. The Suffolk seat could see a by-election in the coming months as the current MP Patrick Spencer faces a trial over allegations ...



Pakistan army chief visits Tehran in push for US-Iran deal

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A Qatari delegation was also holding talks in Tehran, a person briefed on the matter said. The mediators are seeking to get the parties to agree to end the ...



Greens consider helping Labour's Andy Burnham in Makerfield by ...

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... people briefed on the matter. The by-election is scheduled for June 18. One of the people said there was a feeling in the party that it was a missed ...



US quantum investment includes groups tied to Trump administration

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A person close to the company said 1789 was a passive minority investor with no involvement in PsiQuantum's operations. A spokesperson for Trump Jr ...



Goldman Sachs eclipses Morgan Stanley's Michael Grimes on ...

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A person close to SpaceX who is independent from both banks said that the stabilisation was likely to be the most lucrative role. Pedestrians cross a street ...



Is Chris Hohn Britain's answer to Warren Buffett? - Financial Times

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Before saying anything else, Hohn told Misra “what you guys have done over here is very foolish”, according to a person with direct knowledge of the meeting.



Narendra Modi starts to let Indians feel the economic pain of Iran war

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Now, citizens must prepare for an economic shock that could be comparable to the Covid-19 pandemic, said one top government figure who declined to be identified ...



From bitter coffee to all-terrain vehicles: China-Russia trade ties ...

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One Chinese salesperson, who declined to be identified, said he was selling furniture designed by a well-known Danish brand online in Russia, sourced directly ...



Turkey passes tax amnesty as war strains economy - Financial Times

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“It's a tactic, the kind of thing you deploy when in trouble,” said one businessperson, who asked to remain anonymous. “It's not a game-changer.” One of the ...



LIV Golf offers players equity as it fights for survival - Financial Times

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... according to several people close to the talks. LIV will need to make radical changes to convince prospective investors it can be financially viable. Its UK ...



Britons use overseas clinics to pick babies' sex - Financial Times

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Among British patients exploring these technologies is Georgie, who also asked to remain anonymous, and has so far undergone two rounds of embryo harvesting in ...



Hg spins out €500mn of assets from €19bn software group Visma

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The firm could do another private process if not an IPO, a person close to Hg recently said. The buyout firm was always planning to list a small chunk of ...



Italy's biggest bank explores bid for Spanish wealth manager

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... people familiar with the matter told the FT. The move comes as Intesa seeks to boost its presence in wealth management and expand into Spain. Singular ...



Astorg's flagship fundraise struggles as private equity braces for ...

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In December the 2019 and 2016 funds were valued at 1.5 and 1.7 times investors' cash after fees, respectively, a person familiar with the matter said. Two ...



Google and Blackstone to create AI cloud group - Financial Times

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The search company and world's largest private capital group were set to announce the venture later on Monday, according to a person familiar with the matter.



Reform UK unveils candidate to challenge Andy Burnham in by ...

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Burnham was the only person on the shortlist reviewed by Labour's National Executive Committee, according to people briefed on the matter. “These proud ...



UK Treasury pushes supermarkets to cap food prices - Financial Times

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In return, the government has said it would offer “incentives” to the supermarkets, which the people briefed on the matter said could include easing ...



Google DeepMind's Demis Hassabis emerges as early Anthropic ...

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A person close to Cambridge-based Cusp.ai, an AI search engine for new materials, said roughly one in three employees were former DeepMind or Isomorphic ...



UBS: the bank that outgrew a country - Financial Times

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The bank has had “incoming” from several governments about relocating, says a person familiar with the matter, but many see the US as the most likely ...



Private capital firms circle L&G - Financial Times

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... a person familiar with the situation. Scottish Mortgage, the most popular investment trust in the UK and seen by some investors as a “proxy” for SpaceX as a ...



Donald Trump says he is holding off attack on Iran planned for ...

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Riyadh conducted strikes against Iran after they were attacked during the early phases of the conflict, according to people briefed on the matter. The UAE ...



US drops criminal fraud charges against billionaire Gautam Adani

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The various probes were holding that investment back, a person close to the conglomerate said. Adani Group declined to comment. “The Department of Justice ...



Birmingham braces for chaos as multi-party vote leaves council ...

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A person close to the Greens said there were “frustrations” over Labour's refusal to work together. The newly selected leader of the local Reform group, 24 ...



Israel kills last Hamas chief who oversaw October 7 attack

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Netanyahu has threatened to resume a full-scale offensive against Hamas if the group refuses to disarm. According to a person familiar with the matter, the ...



Anthropic agrees terms of $30bn funding deal at $900bn valuation

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... with knowledge of the matter. Each of the co-leads was likely to invest $2bn or more, the people said. Anthropic is in discussions with other investors to ...



Schroders plans to exit China mutual funds business after just three ...

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Schroders intends to exit its wholly owned China mutual fund business by transferring its licence, according to a person close to the situation, who added ...



Schroders looks to exit China mutual funds business after just three ...

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Schroders intends to exit its wholly owned China mutual fund business by transferring its licence, according to a person close to the situation. Schroders ...



Saudi Arabia curbs citizens' complaints about jobs for foreigners

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Qiddiya declined to comment, but a person close to the company said employing citizens was a priority for the project, where just 40 per cent of employees are ...



Big Tech groups launch global borrowing spree to fund AI expansion

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... a person familiar with the decision said. Google declined to comment. Currencies including Swiss francs and euros offer attractive borrowing costs due to ...



US authorities prepare to end Adani fraud cases - Financial Times

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... people briefed on the matter said. The DoJ was also preparing to dismiss a separate criminal case in which it alleged Adani and others “knowingly and ...



SEC settles Adani case as US authorities move to end actions ...

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... with knowledge of the matter, who said the investment was not part of any deals with law enforcement bodies. Adani, Asia's richest man, agreed to pay $6mn ...



Lebanon and Israel to meet in Washington as ceasefire nears end

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... person briefed on the matter said. Saudi Arabia and Egypt are pushing Lebanese political factions to reach consensus on the direct talks, according to those ...



Palestinian president Abbas moves to tighten grip with role for son

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He has travelled with the president on international visits, according to a person familiar with the trips. “He's always been somebody that Abbas turns to ...



Nigel Farage faces investigation over £5mn gift from crypto billionaire

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... people briefed on the matter. If upheld, the allegations could lead to the suspension of the Reform UK leader from the House of Commons and a by-election in ...



FirstFT: Donald Trump calls on Xi Jinping to 'open' China to US ...

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... people briefed on the matter said. 4. The US government has sold 30-year debt at a 5 per cent yield for the first time since 2007 amid mounting signs that ...



Saudi Arabia launched strikes against Iran - Financial Times

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... people briefed on the matter said. Riyadh carried out the attacks after Iran hit its energy facilities and other civilian infrastructure to show that it was ...

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