Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Lloyds Banking Group is planning to increase lending to big corporate clients and expand its services to financial institutions, signalling a shake-up for the retail banking giant that could see it grow internationally. The UK’s … Read more
EXCLUSIVE: The Palestine Film Institute (PFI) has announced the first recipients of its new Palestine Film Fund (PFF) following its launch at the Cannes Film Festival last year. The inaugural funding round has supported six-feature-length films and three short films in various stages of development and production, with financial support totalling 45,000 Euro ($53k). They … Read more
Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding. Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS reported fourth-quarter net profit rose 56 per cent year on year to $1.2bn, boosted by strong client activity and cost savings from its Credit Suisse takeover. The performance at Switzerland’s biggest bank beat analyst … Read more
Lisa Rinna was uncovered on The Traitors after her fellow co-stars voted her out of the game, confirming she was a traitor. After having heat on her for a couple of episodes as The Bachelor’s Colton Underwood painted a target on her, Rinna was eliminated from the show, but didn’t put up a big fight to stay … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tether’s chief executive has downplayed the amount of money it will raise in a new funding round as the world’s largest stablecoin issuer faces investor pushback over its $500bn valuation target. The crypto group, registered in … Read more
Whoopi Goldberg took shots at Elon Musk after the Tesla owner criticized Lupita Nyong’o’s possible character in Christopher Nolan’s The Odyssey. The EGOT actor defended Nyong’o after Musk said Nolan had “lost his integrity” over unconfirmed rumors the Oscar winner would play Helen of Troy in the new epic. “Ooh, you know, because Homer described … Read more
Crypto.com has spun out its prediction markets business, first launched in 2024, into a standalone platform called OG, competing with the likes of Polymarket and Kalshi. OG is powered by Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange and clearinghouse and affiliate of Crypto.com. OG said on Tuesday that it is only … Read more
Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week. Thousands … Read more
Almost eight years after retiring from professional boxing, Floyd Mayweather Jr. is climbing into the legal right today to take on Paramount-owned Showtime over “hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud.” Estimated to have close to a billion bucks over his … Read more