Hours after Sam Bankman-Fried, co-founder of FTX and poster child of the crypto industry, was convicted of fraud and money laundering in New York, one of his leading venture capital backers had his say. “Immediately after FTX collapsed, we extensively reviewed our due diligence process and evaluated our 18-month working relationship with Sam Bankman-Fried,” said
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OpenAI plans to secure further financial backing from its biggest investor Microsoft as the ChatGPT maker’s chief executive Sam Altman pushes ahead with his vision to create artificial general intelligence (AGI) — computer software as intelligent as humans. In an interview with the Financial Times, Altman said his company’s partnership with Microsoft’s chief executive Satya
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What should fiscal policy target? A debate has recently emerged over the merits of focusing on debt and deficits, as now, or a broader measure of public sector net worth, which includes assets and liabilities.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Takeover Panel has become an unexpected casualty of the dealmaking drought, reporting its first deficit in almost a decade. The City of London mergers and acquisitions watchdog, which funds itself from fees charged
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Tony Blair, former UK prime minister, has let it be known that he would be willing to carry out a humanitarian role in Gaza if there were a realistic prospect of changing the course
Portugal’s central bank governor Mário Centeno is facing an ethics review by an independent watchdog after he was proposed as the next prime minister by outgoing Socialist premier António Costa, who quit last week over a corruption scandal. Costa, who resigned hours after a number of arrests and police raids in a probe over alleged
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak is set to declare this week that his promise to halve inflation has been met, contributing to a more positive economic backdrop to the Autumn Statement on November 22. The Bank of England
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s investment screening powers are to be pared back to make them “more business friendly”, the deputy prime minister has said, less than two years after they were introduced. Oliver Dowden will launch a
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. On his final earnings call as chief executive of gene sequencing company Illumina, Francis deSouza did his best to stay positive. A contentious $8bn takeover of cancer screening business Grail had prompted a campaign by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Most of the UK government’s plans to overhaul the supervision of anti-money laundering rules would be counter-productive and damaging to the fight against dirty money, accounting bodies have warned. In a letter to Lords Treasury
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. This article is an on-site version of our The Week Ahead newsletter. Sign up here to get the newsletter sent straight to your inbox every Sunday Hello and welcome to the working week. It is
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of protesters took to the streets across Spain on Sunday to condemn Pedro Sánchez as anger mounts over the acting prime minister’s plan to offer an amnesty to Catalan separatists in order
Stay informed with free updates Simply sign up to the Technology myFT Digest — delivered directly to your inbox. There has been much talk about the importance of free speech in recent weeks — and for understandable reasons: having the freedom to speak out without fear of punishment or censorship is tested in times of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iceland declared a state of emergency after earthquakes raised fears that a volcanic eruption will damage residential areas in the Nordic country for the first time in 50 years. Iceland evacuated all 4,000 residents the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top UN official has condemned attacks on hospitals in Gaza as “unconscionable” and “reprehensible”, as Israeli forces battled Hamas militants in the streets around the besieged strip’s largest medical facility. Martin Griffiths, the UN’s
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. The head of Britain’s media regulator, Ofcom, has said the government should look again at how the BBC is funded, and called for the national broadcaster to strengthen its governance and complaints mechanisms. Michael Grade, who
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Suella Braverman, home secretary, is facing Labour calls to quit or be sacked after violent clashes between police and rightwing groups erupted on the streets of central London as Britain remembered its war dead. The
As their yacht bobbed on the Mediterranean in July 2021, Marc Rocchi snapped a picture of the slightly doughy Russian man in baggy swimming trunks, dozing with his head propped against the helm. The French businessman would later say that he only knew the Russian by his first name, Maxim. But he knew the purchases
If he closes his eyes, Daoud Mohammad Naser can still hear the wind whistling through the olive trees that sheltered him during his flight from mandate-era Palestine 75 years ago. Just six years old during the 1948 Arab-Israeli war — which led to the mass displacement and dispossession of some 700,000 Palestinians, according to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. No country has joined the EU since Croatia in 2013. But to judge from the recommendations last Wednesday of the European Commission, there is genuinely new momentum behind the once-stalled project of EU enlargement. Brussels
The US is directly targeting Russia’s ability to export liquefied natural gas for the first time, in a move that could cause disruptions in global energy markets that Washington has so far been keen to avoid. European countries continued importing Russian LNG even after Moscow’s full-scale invasion of Ukraine last year, which triggered an energy