Finance

Leaked files show continued activity despite links to terror networks, failed ID checks and other red flags

Russian generals’ positive reports on Ukraine have convinced the Kremlin the war is going in its favour

Russia’s elite deep-sea sabotage unit is poised to deploy submersibles capable of “physical action” to damage the UK’s critical seabed cables and pipelines, the head of the Royal Navy has warned. General Sir Gwyn Jenkins, the first sea lord, told the Financial Times that Moscow was renewing investment in the Main Directorate of Deep-Sea Research … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apollo Global is building up cash, cutting leverage and selling out of riskier corners of debt markets as top executives gird the firm for what they expect to be market turbulence. The $908bn-in-assets company’s chief … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s chief currency official warned of “deep concern” over the yen’s weakness as traders weigh the risk of government intervention to arrest its slide. Atsushi Mimura, Japan’s vice-finance minister for international affairs, called the yen’s … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Swedish authorities boarded a sanctioned Russian ship previously used for transporting weapons just off the country’s west coast in the latest incident between Nato countries and Moscow’s vessels in the Baltic Sea region. Adler, a … Read more

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US coastguard stepped up its enforcement of a blockade on Venezuelan oil on Sunday by trying to board a sanctioned tanker in the Caribbean. The coastguard was pursuing the tanker Bella 1, … Read more

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Collectors are using documents produced by artificial intelligence to “prove” artworks’ authenticity and ownership when obtaining valuations or making insurance claims, according to industry figures. “Chatbots and LLMs [large language models] are helping fraudsters convincingly forge sales … Read more

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is a visiting professor at Vanderbilt University, a professor at the University of Toronto and Kresge Foundation fellow The approach of Zohran Mamdani’s swearing in as New York’s next mayor has … Read more

Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. Macro hedge funds are enjoying their best year since at least 2008, as huge swings in the price of currencies, commodities and bonds have provided fertile conditions for traders. An index from data provider HFR … Read more