Nvidia and OpenAI near $30bn investment in place of unfinished $100bn deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia is close to finalising a $30bn investment into OpenAI that will replace the long-term $100bn commitment agreed by the companies last year, as part of a massive new funding round for the AI start-up. … Read more

Meta cuts staff stock awards for a second straight year

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta has slashed equity-based awards for the bulk of its employees for the second year in a row, as chief executive Mark Zuckerberg ploughs billions of dollars into hiring top AI researchers and building a … Read more

Trump gives Iran 15 days to strike a deal or ‘bad things will happen’

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump warned Tehran that it had a “maximum” 15 days to reach a deal with the US or “bad things will happen”, as he weighs American military action against the Islamic republic. … Read more

Bank of America commits $25bn to private credit lending

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bank of America is committing $25bn to private credit loans, becoming the latest Wall Street lender seeking to compete with non-bank rivals in the sector as concerns begin to mount over credit quality and liquidity. … Read more

Donald Trump holds first meeting of Board of Peace

President Donald Trump on Thursday gathered the leaders and foreign ministers of such increasingly prominent US allies as Kazakhstan, Indonesia and Azerbaijan for the inaugural meeting of his Board of Peace. At the meeting in Washington, Trump announced a $10bn US commitment to the board and claimed that Kazakhstan, Azerbaijan, the United Arab Emirates, Morocco, … Read more

Why Iran is betting on war

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a professor at Johns Hopkins University and author of ‘Iran’s Grand Strategy: A Political History’ The US appears poised to launch a major military attack on Iran. The last round of talks … Read more

The Conservatives’ foundational sin

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When did the last Conservative government lose itself? Or to put it differently, what was its gravest strategic error? We are, it must be admitted, spoilt for choice when we consider the options.  For some … Read more

What does Andrew Mountbatten-Windsor’s arrest mean?

Andrew Mountbatten-Windsor’s arrest sets up the extraordinary possibility of a senior member of the British royal family standing trial at the Crown Court in a prosecution brought in the name of his brother, King Charles III. The former prince was held in police custody on Thursday after officers investigating his links with the sex offender … Read more

Private credit stocks slide after Blue Owl halts redemptions at fund

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares of the biggest private investment managers on Wall Street tumbled on Thursday after Blue Owl permanently restricted investors from exiting a debt fund for retail investors, sending shivers through the industry. The sell-off is the … Read more

Klarna stock sinks 25% after bad loan costs soar

Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Klarna shares slumped by a quarter on Thursday after the buy now, pay later group reported a $273mn net loss for 2025 and increased its provisions for loans it expects customers will be unable to repay. … Read more