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[EN] Financial Times

Boutique firms may benefit from wealth management ‘M&A frenzy’

Those with experience of historic tie-ups caution on poor cultural compatibility and difficulty of creating synergies

US warns Iran over ballistic missiles as pair meet for talks

Secretary of state Marco Rubio says Tehran’s reluctance to discuss weapons is a ‘big problem’

Live Q&A - How should Europe prepare for a transatlantic divorce?

Take part in a live Ask an Expert Q&A with Ben Hall, the FT’s Europe editor, now

World Economic Forum chief Børge Brende quits over Epstein links

Probe into president’s ties to sex offender has disrupted succession planning at forum

Do we really know which jobs are most at risk from AI?

How technology changes the world of work is not just a technical question — and never has been

British politics gets religion

In Reform, socially conservative Christianity has finally found a UK vehicle for its agenda on traditional families

Trump touts ‘drill, baby, drill’ agenda in State of the Union

The US president’s speech also renews focus on electricity affordability

What is AI ‘distillation’?

Shortcut used by Chinese groups lets smaller models learn from bigger, more powerful systems

Evening All Afternoon — the poignant battle of a stepmother and her new daughter

Anna Ziegler blends memories, monologues and confessions in an emotional new play at London’s Donmar Warehouse

Nonesuch by Francis Spufford — angels in the Blitz

A typist with ambition collides with fascists and an accidental time machine in this intriguing fantasy set in wartime London

Sirāt — a desert thrill-ride humming with delirium and dread

Oliver Laxe’s Oscar-worthy film follows a motley group of ravers, and a father searching for his daughter, into the Moroccan Sahara

Puma sinks to record €645mn loss as sales slide

Major investor Anta Sports may have ‘negative impact’ on Greater China business, sportswear group warns

UK work visa numbers cut sharply in 2025

Grants drop by fifth after the introduction of tougher immigration rules but asylum numbers are little changed

FirstFT: Nvidia stock downbeat despite blockbuster quarter

Also in today’s newsletter: Rubio promises investigation into Cuba shootings and Hillary Clinton appears before House committee

Ukraine and the new economics of war

Lessons from four years of war: it’s the economy, stupid

Swans have been seducing us for centuries. Why?

From Michelangelo to Marie Antoinette, few can resist the bird’s complex appeal

Premier League clubs must help weaker rivals survive, says football regulator

David Kogan warns ‘clock is ticking’ for divisions to agree how money should be redistributed from top level of the game

Europe struggles to stockpile fast-changing drones

Finland struggles to replicate cold war-era artillery depots for high-tech weaponry that rapidly turns obsolete

UK media groups unite to tackle AI ‘scraping’ of journalism

Coalition, including BBC, Sky News and FT, wants to establish shared standards and licensing frameworks for access

It’s payback time for Trump’s tariff fiasco

The administration handing out refunds to Chinese companies will be a terrible look

The grimly compelling rise of videoed death

Why viral violence is becoming a prime mover of politics

New York shivers in one of the most severe winters since the Gilded Age

Only three in history have endured a colder stretch with more snow

Ocado plans to cut 1,000 jobs and restructure technology unit

Company warns earnings from licensing business will be below expectations after clients scale back online grocery plans

A new Fed-Treasury accord is already under way

The Federal Reserve is flipping its mortgage bonds into shorter-term government bills, which the Treasury plans to issue more of