A Texas refinery trumpeted by Donald Trump as a “historic $300bn deal” will involve a modest initial outlay of around $40mn by Reliance Industries, according to two people familiar with the matter.

That is exactly what the ECB governing council did in the wake of the global financial crisis, only to reverse course later in the year. That episode is remembered as the central bank’s worst policy ...

Perplexity’s revenues have jumped 50 per cent in a month, as the start-up accelerates its shift into AI agents in an effort to keep pace with larger and better-funded rivals. Estimated annual ...

Simply sign up to the Private equity myFT Digest -- delivered directly to your inbox. For a risk-averse investor, Blackstone has what could be seen as an irresistible offer. Back its flagship buyout ...

Hungary is a small country. But Viktor Orbán, its prime minister, is not a man of small influence. For many so-called “national conservatives”, notably in the US, he defines a successful and admirable ...

After 593 monthly editions, a legend of role-playing games magazines has finally called it a day ...

Citigroup has ratcheted up performance targets for its private bankers, setting goals that some fear are unachievable as the lender seeks to jump-start its money management business. Another thing: ...

New research predicts impact of lower productivity and workers quitting because of long-term illness after Covid-19 ...

The Philippines is particularly vulnerable: the country depends almost entirely on the Middle East for oil and does not cap ...

China’s new trade front with the world is the export of services such as information and communication technology, ...

Martin Wolf is spot on when he says that “in the history of humanity democracy of any form is a rarity” (“We must grasp the peril for democracy”, Opinion, March 25). The problem is autocracies have ...

Regarding Anna Nicolaou’s piece “Condé Nast CEO says AI is a ‘death blow’ to Google search” ( Report, FT.com, February 27), while Google’s latest AI experimentation, rewriting news headlines in search ...