BAE strikes record sales as government military spending rises
UK defence champion’s sales hit £30.7bn in 2025 as geopolitical tensions persist
UK inflation fell sharply to 3% in January
Data released as BoE considers when next to cut interest rates
Glencore earnings dip as coal prices languish
Swiss mining group reports first set of results since Rio Tinto talks fell apart
Christine Lagarde to leave ECB before the end of her 8-year term
Central banker wants to give Macron and Merz the chance to pick her successor before French presidential election
The software sell-off, part II
A new kind of competition?
Few signs of progress as US-led Ukraine peace talks grind on
Also in this newsletter: German state TV uses AI video in report on ICE
Flipping out over the latest attempt to change sovereign bond contracts
When legal creativity collides with reality
FirstFT: Lagarde to step down early as ECB head
Also in today’s newsletter: Eni’s return to oil trading and UK defence spending
Tech Exchange
This series features conversations between FT journalists and the technology industry’s leaders, innovators, and thinkers. In the latest instalment, Synthesia’s Victor Riparbelli talks about his mission to reinvent video content creation and how Europe can compete in the global AI race
US and Japan unveil first mega-projects under $550bn trade deal
Oil, natural gas and synthetic diamond facilities worth a combined $36bn mark crucial progress on pledged financing
Transcript: Artificial intimacy — the delusion machine
Cristina Criddle talks to Paul Hebert, Micky Small and Steven Adler
Transcript: How a private equity pioneer lost its grip on the market it invented
Michela Tindera talks to Alexandra Heal and Antoine Gara
Transcript: Warner Bros tells Paramount to make an offer it can’t refuse
Marc Filippino talks to Christopher Grimes and Martha Muir
Carmakers to win reprieve in £11bn UK motor finance redress scheme
Regulator’s planned climbdown follows lobbying by banks and car groups with in-house lenders
Hollywood’s $108bn cliffhanger
Warner Bros gave Paramount seven days to make a ‘final’ takeover offer and plans to vote on its Netflix deal next month
German drone maker Stark faces political backlash over Peter Thiel links
Defence minister calls for clarification of US tech billionaire’s role in start-up set to win Bundeswehr contract
British scientist raising $1bn for new AI lab in Europe’s biggest seed round
Sequoia Capital leading funding deal for David Silver’s start-up Ineffable Intelligence at $4bn valuation
European airlines call for scrapping of Qatar deal after top official’s dismissal
Lufthansa, Air France-KLM and SAS raise concerns after EU civil servant sacked over corruption allegations
Church of England pension fund tempts an earthly reckoning
The fund is in surplus after a period of high interest rates, but it is heavily invested in risky assets
Blackstone, EQT and CVC make offers for VW unit
Shipping engines and heat pumps business is being valued at between €5bn and €6bn
The truth about population decline
Arguments about the dangers of falling fertility deserve much closer scrutiny
Brain drain is undermining America’s scientific edge
Policy decisions grounded in Maga talking points are helping to fuel a PhD exodus from government
How can I settle the boundary row with my neighbour?
I don’t want to fall out with them or get into an expensive dispute
Why is the UK falling back in love with credit cards?
Rising unemployment and record consumer debt do not tell the whole story