Thailand has launched a campaign against so-called “gray money,” tightening oversight across physical gold markets and digital assets as part of an effort to close money-laundering loopholes, according to local reports. The push, reportedly ordered by Prime Minister Anutin Charnvirakul, brings traditionally separate asset classes under a single framework to combat illicit finance. Local media … Read more
Balderton Capital has cashed out roughly $2bn of its Revolut stake over the past year, cementing its early £1mn investment in the fintech as one of the most lucrative bets in European venture history and capping an exceptional year for the London firm. The stock sales include $1bn worth that people familiar with the matter … Read more
The BBC has begun an attempt to throw out Donald Trump’s $10BN lawsuit over the botched Panorama edit. In documents filed yesterday, reported by BBC News, the 100-year-old national broadcaster argued that the Florida court in which the claim has been filed lacks “personal jurisdiction,” the court venue is “improper” and Trump has “failed to … Read more
Ever the rebel, Jun Takahashi chose “We Make Noise Not Clothes” as one of his seasonal slogans. Still, it’s clothes and not noise that keeps the lights on, and so his pre-fall collections provide a decidedly quieter vector for the brand’s nonconformist streak, distilling the spirit of his runways into something easier to buy into. … Read more
EXCLUSIVE: Goodfellas has acquired world sales rights for Pierre Salvadori’s offbeat period drama Vénus Electrificata, set against the backdrop of the early 20th century Paris art world and starring Pio Marmaï, Anaïs Demoustier, Gilles Lellouche and Vimala Pons. The company is launching sales on the title at the 28th Unifrance Rendez-Vous in Paris which kicks … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS chief executive Sergio Ermotti is planning to step down in April 2027, firing the starting gun on the race for one of the biggest jobs in global banking. Ermotti, who returned to run UBS … Read more
A new US Senate CLARITY Act draft allows crypto companies to offer activity-based rewards to stablecoin users. The proposal, titled the Digital Asset Market Clarity Act, reveals that certain rewards and incentives tied to the use of stablecoins would be permitted. Still, the provision notes that offering rewards does not cause a stablecoin to be … Read more
HBO Max just went live in eight more countries, including in Germany, Austria and Italy, where a new deal will see the service distributed through Prime Video. The hotly-anticipated launches of Warner Bros. Discovery (WBD)’s global streaming service in Italy, Germany, Austria, Switzerland, Luxembourg, Liechtenstein, Israel, and Greece happened this morning in Europe, meaning the platform is now in more … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. King of Kings: The Fall of the Shah, the 1979 Iranian Revolution and the Unmaking of the Modern Middle East by Scott Anderson The story of the 1979 Islamic revolution, told over several decades and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Wellcome Trust, one of the world’s wealthiest charitable foundations, is holding elevated levels of cash, citing concerns over record-high equity markets. The Trust, which manages nearly £40bn and funds research to tackle global health … Read more