London’s gold market enjoys the Trump effect
The City’s dominance of physical trading in the metal is being reinforced by global instability
URSY.NEWS / Publisher
FT Financial Times
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Global business, economics and markets. · Subscription · 400 headlines archived · www.ft.com ↗
Ukraine to resume strikes on Russian refineries, Zelenskyy says
Ukrainian president expresses anger in FT interview at ‘dangerous’ withdrawal of US intelligence sharing and weakening of Starlink satellite internet service
Is the K-shaped economy really more of an E?
America remains a very unequal place, but on many metrics inequality is not increasing
The man who would lead McKinsey
North America boss Eric Kutcher is the candidate to beat in the consultancy’s byzantine election
Private credit funds target English football clubs with player-backed loans
Lenders plan to take security over receivables from future player sales in novel ‘squad-value financing’ deals
Global tech sell-off deepens as Asian markets tumble
AI-related stocks in South Korea and Japan suffer after Wall Street falls on hot US inflation
US floats unfreezing some Russian assets to restart Ukraine peace talks
European officials balked at proposal made by Donald Trump’s negotiators during meeting in Miami
OpenAI employee accused of bugging office booked one-way ticket to Saudi Arabia
Newly unsealed court filings say Abdulrahman Alfozan, his wife and a third family member had booked travel for October 12
Anthropic revenue jumps to $16.8bn in third quarter
AI start-up gathered investors for presentations in San Francisco on Wednesday ahead of its anticipated public listing
OpenAI claims employee sent secret device information to Apple
Tech companies face off in court as ChatGPT maker prepares to unveil AI device designed by Sir Jony Ive
Badenoch sounds ‘alarm’ on potential Budget tax raid on banks
Conservative leader’s intervention comes as investors warn of a potential hit to UK competitiveness
Perella Weinberg and Piper Sandler abandon merger talks
A deal would have created an independent investment bank with market value of $6bn
US chip stocks slide as inflation and AI debt fears unsettle investors
Nvidia, Oracle and CoreWeave fall as fervour around the technology cools
Ministers to launch statutory probe of English authority led by Ben Houchen
Move reflects concern in Whitehall about governance and value for money at Tees Valley Combined Authority
Palantir drops legal case against Sadiq Khan over cancelled £50mn contract
US tech company set to be able to compete for future deals with the Met
Healey’s Budget is a moment he must not miss
Avoiding bold choices this time would just mean postponing political and economic pain
Freshfields partners explore carve-out of AI unit worth ‘billions’, leaked emails reveal
Exchange discussed putting legal tech unit into separate entity before valuations fall
Burnham wants to ‘repair bridges’ between Trump and Zelenskyy
UK prime minister holds talks with Ukraine’s president in Downing Street following US diesel deal with Russia
Netflix to cut 1,000 jobs as growth concerns mount
Streaming group faces pressure to boost viewer engagement after shares fall more than 40% in a year
Unshackle workers from non-compete clauses
The restrictions on labour mobility hold back Britain’s growth and innovation
He linked Saudi Arabia to Silicon Valley. Then OpenAI found a bug wrapped in toilet paper
Arrest of computer engineer Abdulrahman Alfozan has shocked tech figures in Saudi Arabia, where he is deeply connected
US inflation jumps to 3.7% as Iran war drives up prices
Rebound in fuel costs has piled pressure on voters ahead of midterm elections
Europe’s defence stocks send a geopolitical distress signal
Even when governments do sign big cheques, it takes a while for defence contractors to ramp up production
Green Party split widens after deputy leader says controversial vote must be ‘respected’
Mothin Ali says member-led democracy is ‘great strength’ after conference passes contentious motion
Marine Le Pen: ‘All the warning signs are flashing red’
In a wide-ranging interview with the FT, the far-right leader declares that France is ready to close the chapter on mainstream politics
Meloni slams Trump’s diesel deal with Putin
Italian prime minister warns US plan would grant Russia ‘legitimacy’ in its escalating campaign against Ukraine
General Atlantic plans early 2027 IPO at up to $10bn valuation
Private capital group looks to fund ambitious expansion plan to keep pace with rivals Blackstone and Apollo Global
Ukraine blindsided by Starlink restrictions and intelligence gaps during Russian attack
Moscow ignores Donald Trump’s ‘energy ceasefire’ while Kyiv’s forces experience connectivity problems on Elon Musk’s satellite network
AI demand to exceed supply for 2 more years, says ASML
Europe’s most valuable company said its clients that include TSMC and Intel were experiencing ‘very, very strong demand’
How Ukraine’s data centre strikes threw Russia into turmoil
Kyiv’s attacks exposed vulnerabilities of Kremlin effort to centralise internet services under one company
Celebrity lawyer accused of participating in ‘outright plunder’ of BHS
Liquidators to failed UK retailer are suing Eddie Parladorio for allegedly siphoning out millions before its collapse
UK’s Schillings sets up private investigations business with US law firm Clare Locke
Groups known for battling the press set up US intelligence company co-led by a former senior CIA official
Healey set to pay for Budget giveaways without more borrowing
Move by UK chancellor would be in line with IMF recommendation for countries to show fiscal discipline
The global economy and the art of living dangerously
It would be nice to think that the world will become less shock-prone, but it probably won’t
France’s Marine Le Pen gears up for fight with EU
Far-right leader promises a ‘trial of strength’ in FT interview even as she tries to reassure voters over her pragmatism
Military briefing: Houthis expose limits of Saudi Arabia’s vast arsenal
The kingdom is one of the world’s top arms buyers but has struggled to keep pace with the Iranian-backed rebels’ tactics
CoreWeave targets ‘unlimited’ insurance money to fund AI build-out
Co-founder eyes insurers’ vast capital for loans as the Nvidia-backed cloud provider seeks to fund the data centre build-out
How I used AI to become a chess grandmaster at 16
Ignore the doomsayers, this technology has transformed the game for the better and it can do the same for education
China’s exports surge 36% as AI-related shipments boom
Imports also soar as high oil prices push up bill
US indicts Saudi employee of OpenAI for allegedly bugging its offices
AI lab discovered recording device and reported it to the FBI
Bank of America fined $1.2bn over money laundering failures
US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border
Saudi-led coalition strikes Houthi targets in Yemen capital
Donald Trump accuses Iran-backed militants of deliberately trying to drive up oil prices ahead of the US midterm elections
‘Pro-business’ Burnham reassures chief executives on tax
Prime minister and chancellor host roundtable meetings with leading business figures to calm nerves ahead of the Budget
Number of UK Isa millionaires jumps 50 per cent in a year
Number of investors with more than £1mn in their account tops 7,700
Will bank earnings growth become a thing of the past?
It would be foolish to think the Wall Street giants can’t outrun the threat of AI
Wall Street plays down investor fears of faltering trading boom
JPMorgan Chase and Goldman Sachs earnings boosted by equities businesses in another strong quarter
English football on ‘edge of financial disaster’, warns game’s new regulator
Widening losses and rising debts leave most of country’s clubs in perilous position despite Premier League’s riches
How not to revive Europe’s auto industry
The electric vehicle market shows how legacy EU companies continue to fail when it comes to countering Chinese competition
White House asks US envoy to Greece Kimberly Guilfoyle to resign
Donald Trump had said he was considering firing the ambassador after reports claiming she accepted improper gifts
Ships in Hormuz strait hit by worst spate of attacks since start of war
Twenty-four tankers and other vessels targeted by Iran in two weeks, including six on Sunday alone
Iran has made ‘major shift’ to target UK military sites, says MI5 chief
Ken McCallum warns that both Tehran and Moscow are seeking to escalate hybrid warfare, with state threats quadrupling in a decade
Anthropic warns rogue AI agents may ‘self-replicate’ to hijack everyday devices
Claude maker suggests models could act as ‘worms’ to spread across smart home appliances such as ovens and TVs in future cyber security threat
Goldman and JPMorgan to report on trading slowdown as earnings season kicks off
Wall Street banks expected to report worst trading results of year following record second quarter
Healey rejects calls to equalise capital gains and income tax rates
UK proposal had been backed by senior Labour figures, triggering nervousness among entrepreneurs and investors
Cyber attack on French supermarket fridges raises alarm over food security
Hackers disrupt refrigeration systems and spoil food at several hundred stores
Visa gets approval for China card business ahead of Trump-Xi summit
US payments giant has sought market access for more than a decade
Investors brave US Treasury rout to lock in highest yields in decades
Government bond funds are attracting record inflows as borrowing costs hit their highest level in decades
UK chances of keeping £3.8bn bitcoin haul rise after High Court ruling
Judge in London rules that Chinese victims of massive crypto fraud cannot rely on English law to seek compensation