Today In The Markets

OpenAI said it would ask a judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT makers conversion to a for-profit company. OpenAI also published a trove of emails and text messages with Musk on its website to argue that he initially backed for-profit status for OpenAI before walking away

A high-tech toy company fell victim to an elaborate heist that took three truckloads of holiday merchandise worth more than $1 million the latest example of a new type of scam that threatens to plague businesses nationwide, The Post has learned. In mid-October, London-based Flycatcher was gearing up to ship 12,600 Smart Sketchers a toy

A high-tech toy company fell victim to an elaborate heist that took three truckloads of holiday merchandise worth more than $1 million the latest example of a new type of scam that threatens to plague businesses nationwide, The Post has learned. In mid-October, London-based Flycatcher was gearing up to ship 12,600 Smart Sketchers a toy

Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. “There are only two of us left among the leaders. Right now, it’s me and Vladimir Putin.” That was the immodest verdict of Recep Tayyip Erdoğan last week. Xi Jinping and Donald

Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK companies are cutting employee numbers at the fastest rate since the pandemic, according to a closely watched survey that highlights the impact of Rachel Reeves’ tax-hiking Budget. Private sector employment in December fell more

Tesla has vowed to press on with its fight to restore Elon Musk’s historic pay package, and failure could have a high cost: the potential for more than $100bn in tax and accounting charges for the company and its chief executive. Delaware judge Kathaleen McCormick recently denied the electric vehicle maker’s second attempt to give

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut staff and early investors have offloaded almost $1bn of stock since August, after the fintech’s UK banking licence galvanised support from big financial institutions and secured it a $45bn valuation. The London-based group has

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will not hold an emergency tax-raising Budget next spring in the event low growth or other setbacks blow a hole in her fiscal plans, the Treasury has insisted, pointing to a spending squeeze

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world In his first term as president, Donald Trump talked about bolstering US manufacturing but did little to support it. Industrial policy has been Joe Biden’s thing, and conventional wisdom is that Trump will

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’  Having tagged America’s inordinately large share of global financial markets as “the mother of all bubbles” in my last

On a recent Friday morning in Alianza Industrial Park, dust billowed up as diggers and lorries cleared land near a site for Chinese tyre maker ZC Rubber. A crane was poised to lift material for lithium and lead battery maker Leoch. A sign at its entrance welcomed another new firm in Mandarin and English. Germany’s

Russia has evacuated at least 400 soldiers from the Damascus region in recent days in co-ordination with the main rebel faction that toppled Bashar al-Assad’s regime, an official from the group said. The soldiers had been stationed at the Syrian Army’s notorious Fourth Division headquarters in Qudsayya, a suburb of the capital, Kamal Lababidi, a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The sale of Royal Mail to Czech billionaire Daniel Křetínský has been approved by the UK government, paving the way for the formerly state-owned postal service provider to pass into foreign ownership. The go-ahead for

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Confidence in the UK economy among manufacturers fell after Rachel Reeves’ tax-raising Budget at the sharpest rate since the start of the Covid-19 pandemic, in another setback for the chancellor. Manufacturers’ confidence fell to 5.8

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. The Federal Reserve is set to take a more cautious approach to interest rate cuts on fears that the Trump administration’s policies will stoke higher inflation, according to academic economists polled by the Financial Times. 

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia has evacuated at least 400 soldiers from the Damascus region in recent days in co-ordination with the main rebel faction that toppled Bashar al-Assad’s regime, an official from the group said. The soldiers had

Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia. The Financial Times has uncovered records showing that Assad’s regime, while desperately short of foreign currency, flew banknotes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Syria’s most powerful rebel faction has signalled that his forces do not want new conflicts despite a wave of Israeli attacks on the country since the toppling of Bashar al-Assad’s regime. Abu

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK home secretary Yvette Cooper has defended her government’s attempts to bolster economic ties with China, in spite of new claims of a suspected Chinese spy infiltrating the British establishment. Cooper said Britain continued to