Fin'l Times

Jeanine Pirro, Trump’s legal crusader goes off script

The US attorney’s relationship with the president is on thin ice after her office rejected claims of vandalism at the Reflecting Pool...

1 week ago

Iran’s oil exports stall and Kharg Island idles under US blockade

US naval blockade appears to be halting tankers from carrying Tehran’s crude...

1 week ago

US euro sale to prop up yen blindsided ECB

Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention...

1 week ago

The curious case of the Japanese government bond yields

Maybe not as high as you think...

1 week ago

Parents haggle with private schools over fees as VAT pushes up costs

Financial advisers say families now band together to negotiate a group discount for their children as 20% tax rate bites...

1 week ago

Court tells Meta to pay extra $567mn penalty to tackle social media harm to children

Tech group to appeal after New Mexico judge finds company to be a ‘public nuisance’...

1 week ago

Jane Street in talks to shift its $11bn in debt to investors including Pimco

Private credit deal would allow the secretive trading firm to make further investments in AI...

1 week ago

Uefa doubles down on World Cup boycott in effort to oust Infantino

Europe’s football governing body reiterates threat despite Fifa ditching plan to sell stake to external investors...

1 week ago

AI creates first synthetic viruses

Genomic language model has huge potential to redesign organisms such as bacteria...

1 week ago

Trump allowed to delay release of financial details in $10bn BBC defamation case

US court agrees with emergency stay requested by lawyers acting for president’s investment trust...

1 week ago

Russia targets Maga influencers ahead of German state vote

The ‘Matryoshka’ campaign is seeking to amplify inflammatory English-language posts, officials say...

1 week ago

Kevin Warsh to stick with lean Fed messaging despite market backlash

US central bank chair remains confident that sweeping reforms will win over key investors...

1 week ago

Ares scales back blockbuster private credit vehicle after valuation pushback

Wall Street firm sought to complete €1bn continuation fund but failed to get buy-in for pricing from investors...

1 week ago

Gianni Infantino admits ‘mistakes’ over failed $20bn Fifa investment plan

President seeks to move on from saga that undermined world football’s governing body...

1 week ago

Big US hedge funds hit by wave of cyber attacks

Point72 and Citadel among firms targeted by audio phishing schemes...

1 week ago

JPMorgan poaches M&A banker Amy Lissauer from Bank of America

Executive will lead activism defence practice at biggest US lender...

1 week ago

Iran says it has reached agreement with Oman on Hormuz shipping route

Islamic republic is determined to retain a degree of control over the chokepoint...

1 week ago

Israel launches strikes on Lebanon in new flare-up

Israeli military issues first evacuation order in over a month amid renewed efforts to de-escalate tensions in the region...

1 week ago

High-stakes Michigan Democratic Senate primary too close to call

Fewer than 20,000 votes separate centrist congresswoman Haley Stevens and progressive challenger Abdul El-Sayed...

1 week ago

China launches global tax hunt going back decades

Fiscal pressure sparks retroactive campaign and tougher controls on future offshore capital flows...

1 week ago

Citadel surges 6% after swoop on Situational Awareness

Ken Griffin’s flagship fund bought billions of dollars of AI stocks from Leopold Aschenbrenner’s firm...

1 week ago

Russian bombardment kills 17 in Kyiv

Ukraine warns Patriot interceptor stocks are running low as retaliatory 40-day air campaign expires...

1 week ago

Banks to offload $15bn of debt for Anthropic data centre backed by Google

Bond sale could free up lending capacity as mega AI deals stretch Wall Street financing limits...

1 week ago

Musk’s SpaceX unnerves investors with lavish spending plans

Shares in AI to rockets group slide even as it says its quarterly revenues nearly doubled...

1 week ago

Trump administration refunds $100bn in ‘liberation day’ tariffs

US customs officials repay about 60% of the levies that were struck down by the Supreme Court...

1 week ago

US cannot ‘stay isolated’ from Chinese EV competition, warns Lucid CEO

Carmaker’s new boss predicts industry ‘shakeout’ and announces $1.4bn cost-cutting programme...

1 week ago

US diesel prices overtake Biden-era average in blow to Trump

Cost for fuel that powers industrial America set to remain elevated even as crude falls...

1 week ago

Trump’s pick for US attorney-general clears key Senate hurdle

Todd Blanche’s nomination narrowly passed by committee after he agreed to scrap the president’s $1.8bn ‘slush fund’...

1 week ago

Oil falls after Bessent says deal to reopen Strait of Hormuz is imminent

Brent drops 4% and US stocks hit record high as Iranian and Omani negotiators agree on temporary shipping arrangement...

1 week ago

Fifa executive criticises Infantino’s ‘reproachable’ stake sale plan

Comments from secretary-general Mattias Grafström add to pressure on Fifa president...

1 week ago

Bessent’s yen intervention signals new era of US ‘currency activism’

Bid to support Japan’s currency shows US is ready to scupper trades that push against its interests...

1 week ago

OpenAI hits back at Apple over ‘oddly personal’ trade secrets fight

Legal clash deepens after an AI partnership over devices gives way to acrimony...

1 week ago

BP to sell $4bn US biogas business as profits more than double

UK oil major has had several approaches for its North Sea assets, says chief...

1 week ago

HSBC resumes share buybacks as quarterly profits soar to $10.1bn

Wealth management and insurance business in Hong Kong boosts Europe’s biggest lender...

1 week ago

US states accuse Trump administration of ‘sham’ tariff probe

More than 20 attorneys-general launch legal challenge to duties for alleged forced labour violations...

1 week ago

Palantir forecasts greater demand from US groups for its AI software

Tech company posts second-quarter results with US sales climbing 23%...

1 week ago

AstraZeneca and Bristol-Myers: when Big Pharma isn’t big enough

Sheer mass helps when enlarged balance sheets allow for bigger bets on potential blockbuster drugs...

1 week ago

AstraZeneca investors raise concerns over mega-merger talks

Shareholders question looming patent cliff and antitrust risks in potential $400bn tie-up with Bristol Myers Squibb...

1 week ago

UBS fined $125mn over lax money laundering controls

Swiss bank failed to implement adequate curbs despite previous sanction by US regulators...

1 week ago

Japan vows further yen intervention with US if needed

Finance minister Satsuki Katayama confirms joint action with Washington to counter ‘disorderly movements’...

1 week ago

Struggling to make sense of AstraZeneca-BMS

All about oncology? A cardio workout? Patent-cliff avoidance? American dreaming?...

1 week ago

Football has given Europe a rare geopolitical victory

Players like Lamine Yamal and Jude Bellingham are Europe’s rare earths...

1 week ago

AstraZeneca holds talks with Bristol Myers Squibb over $400bn tie-up

Deal would create world’s fourth-largest drugmaker by market value...

1 week ago

Todd Blanche confirms scrapping of $1.8bn ‘slush fund’ ahead of confirmation vote

Acting US attorney-general U-turns on ‘anti-weaponisation fund’ after two Republicans threaten to torpedo nomination...

1 week ago

Iran says deal with Oman to manage shipping through Hormuz is close

Negotiations on agreement seen as critical to preventing the US-Iran war from escalating said to be in ‘final stages’...

1 week ago

America’s biggest companies report ‘rock solid’ profits as consumers face higher costs

S&P 500 groups on track for strongest earnings in five years...

1 week ago

‘Crush this lady’: how eBay harassment campaign led to $56mn payout

Employees’ cyberstalking of Boston couple involving macabre deliveries ended in jail time and financial settlement...

1 week ago

Iran sets the pace in war with Trump

Tehran’s military raised the stakes with Washington by further expanding the battle across the Middle East...

1 week ago

Infantino’s U-turn fuels doubts about his future at Fifa

The president of football’s governing body was expected to stand for re-election unopposed, but now criticism is mounting...

1 week ago

Sánchez hits out at EU leaders over criticism of Spain’s migrant crisis

Prime minister calls for meeting of bloc’s home affairs ministers as tensions over immigration policy mount...

1 week ago