United KingdomOwnership & classification
Founded: 1888
Ownership
The Financial Times is owned by Nikkei Inc., the Japanese media group, which bought the FT Group from the British education company Pearson in 2015 for about £844 million (US$1.3 billion). Nikkei is a privately held Japanese company whose own roots date to 1876. The FT retains editorial independence under an arrangement intended to insulate its newsroom from owner interference.
Funding
Funded primarily by a digital subscription/paywall model (well over a million subscribers, the large majority digital), supplemented by advertising and specialist B2B information services. It takes no state funding.
Affiliation & stance
The FT is a business-and-finance daily with a broadly centrist, economically liberal stance; it has backed different parties at different UK elections and is widely regarded as one of the world's most credible business papers. As a commercially financed title owned by a private corporation with editorial-independence guarantees and no party or state control, it is INDEPENDENT (matching the site's INDEPENDENT/CENTER labels).
Editorial lean
- Our estimate
- Center
- Measured from coverage
- Centerbased on 230
80/100
Factual
75/100
Objective
321
Articles
321
reports
Top stories
Most covered right now
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While the Labour Party is consumed by its own political circus, a diplomatic crisis is going unnoticed. I can't exaggerate how devastating the consequences will be for Britain's national security: CONNOR AXIOTES
Recent coverage
Ukraine reports two dead after night attacks by Russia, with the death toll in Kiev rising to 30.
At least two people were killed and eight injured in Russian air strikes on the Sumy region and Kryvyj Rih in Ukraine during the night of Thursday to Friday, according to Ukrainian authorities. This follows a large-scale Russian attack on Kyiv earlier in the week which killed at least 30 people and injured around 100 others. In response to the attacks, Ukraine conducted missile strikes on Belgorod in Russia, causing a fire at an energy facility and killing one woman, according to Russian media. The overnight strike on the city of Romny in the Sumy region hit a residential building, killing two women and injuring a man, reported regional administrator Oleh Hryhorov via Telegram. Another seven people were injured in a missile strike on Kryvyj Rih, according to military city administrator Oleksandr Vilkul. In Kyiv, teams discovered three more dead bodies during the night, bringing the total number of victims to 30, according to Reuters citing Ukrainian health authorities. Kyiv's military administrator Tymur Tkačenko stated that the attack injured 99 people. Moscow claimed the extensive attack was a response to Ukrainian strikes on Russian energy infrastructure, including those carried
Russia planning attack on Poland to test NATO resolve, US claims
The US has warned that Russia is planning an armed 'provocation' against Poland to test NATO's resolve, according to reports. The warning suggests the potential attack could involve targeting Polish critical infrastructure with missiles and drones, or a more extreme scenario of Russian troops crossing the border into NATO territory. Sources close to Polish President Karol Nawrocki claim the US regularly informs Poland about new Russian plans for attacks on NATO's eastern flank. Scenarios include drone attacks on infrastructure or a hybrid attack involving Russian or Belarusian troops. A Polish intelligence source noted that Russia might frame the incident as a mistake, potentially leading to pressure on Poland to negotiate with Russia or Belarus. A Baltic security source confirmed that such plans are under discussion in Moscow, with possible launches from Kaliningrad or Belarus. This follows a report by the International Institute of Strategic Studies noting 144 suspected drone sightings across Europe, including in NATO countries like Denmark, which described the incidents as the 'most serious attack on Danish critical infrastructure to date'.
Trump will oppose heavy US AI regulation, says outgoing tech adviser
Sriram Krishnan, an outgoing technology adviser to former U.S. President Donald Trump, has stated that Trump opposes heavy regulation of artificial intelligence in the United States. Krishnan told the Financial Times that Trump is against the creation of a centralized regulatory body for AI, as concerns over the technology continue to grow. This stance comes amid increasing calls for stricter oversight of AI development and deployment across various sectors. Krishnan's comments highlight Trump's preference for a more hands-off approach toward regulating emerging technologies, contrasting with proposals by some lawmakers and industry experts who advocate for stronger governance frameworks.
Starmer quits as Labour leader and paves way for contest for new prime minister
Sir Keir Starmer has resigned as leader of the Labour Party and as Prime Minister of the United Kingdom, announcing his intention to step down as Labour leader and allowing for a leadership contest to determine the next prime minister. He stated that he believes he is not the best person to lead Labour into the next general election and has informed the King of his decision. A timetable for the leadership contest has been outlined, with nominations opening on 9 July and concluding by 16 July. Starmer emphasized his commitment to ensuring an orderly transition of power and pledged to support his successor. Andy Burnham, the former Mayor of Greater Manchester, has confirmed his candidacy for the leadership position, receiving early support from former Health Secretary Wes Streeting. Other potential contenders include former Armed Forces Minister Al Carns, though he remains undecided. Burnham, upon being sworn in as an MP for Makerfield, faced both applause and some opposition in the House of Commons. His priorities reportedly include focusing on becoming an MP first and later addressing whether to call a general election if he becomes prime minister. Starmer's tenure as Prime Minster
‘It’s whack-a-mole’: how Europe’s smart border melted down
The article discusses the European Union's automated border control system, known as 'smart borders,' which was initially proposed in 2008 with the goal of preventing criminals from entering the EU. Instead of achieving this objective, the system has led to significant delays for travelers. The headline uses the phrase 'It’s whack-a-mole' to illustrate the ongoing challenges and frustrations associated with the system's implementation and performance.
Putin recognizes the oil map for the first time
Russian President Vladimir Putin acknowledged for the first time that Russia is building 'some oil reserves' during a meeting focused on energy issues. He emphasized the need to strengthen domestic oil production and increase output. Meanwhile, Ukrainian forces continued their attacks on Russian energy infrastructure, detonating an oil purification plant in the southern Krasnodar region, which produces around four million tons of crude oil annually. The Krasnodar region is one of Russia's largest oil-producing areas located near the Black Sea. On Tuesday, Ukrainian forces launched large-scale air strikes on Sevastopol, the largest city on Crimea, including attacks on oil facilities. In response, Russia, which annexed Crimea in 2014, has restricted fuel sales to the public to counteract the energy shortages. According to reports, these attacks have had no impact on the front line. During an interview with a Russian state television station, Putin described the Ukrainian attacks on Russian oil infrastructure as an attempt to destabilize Russian society. He stated that Ukraine's goal was to halt the deployment of Russian military units to improve their position in arms control talks.
One big win and three defeats for Trump in dramatic day at Supreme Court
The U.S. Supreme Court overturned a nearly century-old precedent that limited presidential power to remove agency officials, granting current and future presidents broader authority to appoint and dismiss regulators. In a 6-3 decision, the conservative majority upheld President Donald Trump's challenge to the Federal Trade Commission's independence, citing the principle that subordinates exercising presidential power must be removable by the president. The ruling could significantly expand executive control over regulatory agencies involved in areas like elections, labor, finance, and environment. Meanwhile, the court declined to hear Trump's appeal of a $5 million defamation judgment against him related to a sexual assault allegation by E Jean Carroll, marking a rare loss for Trump in legal battles.
Starling Bank to cut 130 jobs and boost investment in AI to reduce costs
Starling Bank, a UK-based digital-only bank, announced plans to cut 130 jobs—approximately 3% of its workforce—as part of a restructuring aimed at reducing operational costs and increasing investment in artificial intelligence. The move comes amid a 6% decline in annual revenue to £887 million and a 3% drop in pre-tax profits to £217 million, attributed in part to investments in its digital banking platform, Engine. The bank emphasized its need to streamline operations and eliminate duplicate roles to maintain agility in competition with traditional banks. This follows regulatory challenges, including a £29 million fine from the Financial Conduct Authority in 2024 for inadequate anti-financial crime controls. Despite these issues, Starling's CEO has hinted at potential future plans for the bank to go public.
How crowds become stupider
The article discusses how prediction markets can become less effective when large groups of people share similar thinking patterns, leading to reduced accuracy in forecasting outcomes. It highlights the phenomenon where collective behavior causes market inefficiencies, as diverse perspectives are necessary for accurate predictions. The piece explores the implications of homogeneity in decision-making within these markets, suggesting that diversity of thought improves predictive power. While the focus is on economic theory, the broader implication relates to the impact of group dynamics on information processing.
Monaco blast suspect is a Ukrainian woman who fled to Germany
The article reports that a suspect in the Monaco blast is a Ukrainian woman who fled to Germany. The incident involves a bombing in Monaco, and authorities are investigating the individual's connection to the event. The suspect is identified as a Ukrainian national, and there are indications she had previously fled to Germany. The article highlights the nationality of the suspect and her movement between countries, but does not provide further details on the investigation or any official statements.
AI summaries of Tripadvisor hotel reviews downplay serious complaints, investigation finds
An investigation by the consumer campaign organization Which? found that AI-generated summaries of Tripadvisor hotel reviews often downplay serious complaints, potentially misleading travelers. The study highlighted cases where hotels facing allegations of food poisoning, poor hygiene, and sexual harassment were described in a positive light by AI tools. For example, a hotel in Cape Verde criticized for serving raw chicken and having unsanitary conditions was labeled 'spotless' by the AI, while another in the Dominican Republic was praised for 'abundant' amenities despite reports of maintenance issues and health concerns. Similarly, a Turkish hotel where guests experienced sexual harassment was rated as having 'friendly' service by the AI. Tripadvisor acknowledged the issue, stating it is monitoring and refining its AI tool, though it remains confident in its functionality. Critics argue that the AI summaries could mislead travelers and urged them to consult direct guest reviews for more accurate information.
Three-year-old rescued and taken to hospital six days after Venezuela quake
A three-year-old boy named Klieber Morán was rescued alive from the rubble six days after a series of powerful earthquakes struck Venezuela. The rescue took place in La Guaira state and was carried out by a Jordanian rescue team. The child received first aid and was taken to a hospital in Caracas, where his condition was reported to be stable. The earthquakes, measuring 7.2 and 7.5 on the Richter scale, caused significant destruction, with over 58,000 buildings damaged or destroyed. The death toll has reached 1,943, with more than 10,000 injured and tens of thousands missing. The United Nations has raised concerns about the urgent need for food, shelter, and medical aid, noting widespread shortages and deteriorating conditions in affected areas. International rescue teams continue to search for survivors, while the World Health Organization warns of potential outbreaks of preventable diseases due to disrupted healthcare services.
This is nuts upon nuts. When’s the crash?
The article discusses concerns over a potential financial crisis, referring to a 'double bubble' in earnings and valuations, suggesting that current market conditions are extremely inflated and unsustainable. The author uses strong language to express alarm about the situation, questioning when the inevitable crash will occur. The piece highlights the risks associated with such extreme market valuations and warns of possible severe economic consequences if the current trend continues.
Overlooked
Under-reported & one-sided
