On the western border of Florida’s Ocala national forest, an hour’s drive north of Orlando, there is a half-acre plot that may soon be the subject of international litigation. Not for its contents — the site still sits undeveloped and has been reclaimed by woodland — but over its owner. Records at Marion County’s property
News
Thirty years ago, investment management was largely a boutique business where fund managers graciously agreed to pass on their wisdom to clients in return for a hefty annual fee. These were great days for star managers. I interviewed Jeff Vinik back in 1995, then running the world’s largest mutual fund, Fidelity Magellan. He let slip
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world When Donald Trump won the American election last year, a consultancy called Penta created a “war room” to track what policies really mattered. “Where there’s a wealth of information, there’s often a poverty
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup credited a client’s account with $81tn when it meant to send only $280, an error that could hinder the bank’s attempt to persuade regulators that it has fixed long-standing operational issues. The erroneous internal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global stocks fell on Friday, extending a sharp US market sell-off after Donald Trump’s latest threat to impose steep tariffs on imports from major trading partners added to investors’ concerns about the health of the
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has specialised in heaping scorn on America’s traditional allies since arriving in the White House, but on Thursday he adopted a strikingly new approach: lavishing praise on a “fantastic” Britain and
Donald Trump said he is working on a trade deal with the UK and suggested that Britain could escape tariffs if the countries secure one, but the allies failed to agree on US security guarantees for Ukraine. During a warm joint press conference at the White House on Thursday, the US president said his UK
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has signalled he will throw his support behind the Chagos Islands deal negotiated between the UK and Mauritius, in a significant win for Sir Keir Starmer. Trump’s comments came as he
In his first weeks in office, Donald Trump has been busy wielding his power across the globe: threatening multiple trade wars, ripping up US foreign policy, and proposing taking control of Gaza and turning it into a resort. But the US president’s team still found the time to speak with Romanian authorities about Andrew Tate
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI has launched its largest artificial intelligence model with fewer so-called “hallucinations”, the latest in a flurry of new AI releases by US tech groups. The San Francisco-based company on Thursday unveiled GPT-4.5, its long-awaited
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. The number of young people who are not in employment, education or training in the UK has risen sharply over the past year, according to official data that suggests men in particular are struggling to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The owners of One Hyde Park have taken an arm of construction company Laing O’Rourke to the High Court in London over claims defects have marred one of the UK’s most exclusive residential property schemes.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s privatised water companies are escaping scrutiny by the regulator because there are “limited mechanisms” for checking whether the utilities are delivering on promised investment, according to an official government report. Water companies are planning
US President Donald Trump greeted his British counterpart Sir Keir Starmer at the White House on Thursday, ahead of bilateral talks between the two leaders over the future of Ukraine. Starmer will urge Trump to provide US military cover to secure peace in Ukraine and to make it clear to Russian President Vladimir Putin that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Santander’s incoming chief accounting officer is under criminal investigation in Brazil for alleged misappropriation of funds while working as a senior executive at the country’s largest bank. Documents reviewed by the Financial Times show that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s competition regulator is likely to scrutinise fewer global deals as the government pushes it to adopt a more pro-growth agenda, the head of the agency said. Sarah Cardell, chief executive of the Competition
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump said on Thursday he would impose an additional 10 per cent tariff on imports from China and press ahead with levies on Mexico and Canada from next week, raising the spectre
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As you might expect, the protests have been creative, even quirky. More than 1,000 artists, including Annie Lennox and Kate Bush, supported the release this week of a silent album containing nothing more than background
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. The writer is the author of several books on the City and Wall Street “Busy doing nothing, working the whole day through.” Although he is better known as a crooner than a banking sage, Bing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bismarck likened statesmanship to waiting to hear the footsteps of God sounding through events and catching hold of his coattails as he passes. Keir Starmer has heard those steps. The Trump presidency has created, he
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP’s chief executive wants to more than double the oil major’s market value within five years to $200bn, the level it achieved before the 2010 Deepwater Horizon disaster. Murray Auchincloss told the Financial Times that