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Artificial intelligence
Mistral becomes the talk of Davos as business leaders seek AI gains
...The French start-up is backed by Silicon Valley heavyweights including General Catalyst and Andreessen Horowitz....
January 19, 2024
News in-depthTees Valley Combined Authority
Taxpayer support for controversial Teesworks project set to hit £650mn
...Since 2020, there has been a sharp rise in loans to the STDC from the Tees Valley Combined Authority, the group of five local councils also chaired by Houchen....
November 10, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Drones
NHS to pioneer drone deliveries in bid to improve service
...San Francisco-based Zipline is awaiting final regulatory approval for the service from the Civil Aviation Authority....
December 18, 2023
English devolution
Hunt to outline further devolution plans for England’s elected mayors
...Hunt is also likely to set out how other metro mayors, such as those for West Yorkshire, South Yorkshire and Tees Valley, could take on greater powers in areas such as education, housing and transport through...
November 18, 2023
ExplainerUK local elections
Will Rishi Sunak be crushed by the May 2 local elections?
...Elections are taking place in 107 local authorities in England with more than 2,600 council seats up for grabs, while voters will also elect mayors in London and in 10 other places outside the capital....
April 19, 2024
Ben Houchen
Teesside body faces potential £4mn legal bill after losing access case
...The flagship project — which is overseen by Houchen, the high-profile Conservative mayor of Tees Valley — has been mired in controversy over its finances and governance....
March 28, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
Inside Politics
Learning from Teesworks probe is vital for regional growth
...It did not focus on anything beyond the boundaries of Teesworks, including a previous deal between the same businessmen and Tees Valley Airport, which was nationalised by Houchen five years ago and is also...
February 5, 2024
Letter
Letter: Snipers and other threats to America’s power grid
...If they had disabled the transformers, it could have disabled some, if not all, of Silicon Valley’s tech giants. Terrorists could also target data centres....
March 25, 2024
UK retail industry
UK competition watchdog plans probe into vet market
...Announcing the plan on Tuesday, the Competition and Markets Authority said 16mn pet owners may be overpaying for medicines and prescriptions....
March 12, 2024
UK infrastructure
Teesworks authority loses access rights case against Brookfield-owned port
...STDC chair and Tees Valley mayor Houchen had at one point hoped to buy the port in order to incorporate it into the Teesside freeport....
February 5, 2024
Labour Party UK
Labour to promise greater devolution of power in England
...The party is hoping to topple Tory mayor Andy Street in the West Midlands, and to make inroads in the Tees Valley against Conservative mayor Ben Houchen....
March 27, 2024
Tees Valley Combined Authority
Profits triple at Teesworks project after transfer to private developers
...Teesworks was set up in 2020 on a 50-50 split between a public body overseen by Tees Valley’s Tory mayor Ben Houchen, and companies controlled by local developers Chris Musgrave and Martin Corney....
January 8, 2024
Due Diligence
OpenAI: Silicon Valley’s newest boardroom fiasco Premium content
...By bringing TMG out of receivership rather than buying it at auction, the situation would allow RedBird IMI to evade some scrutiny from British authorities....
November 21, 2023
Tees Valley Combined Authority
Teesworks review criticises project’s governance but finds no corruption
...The review added that the Tees Valley Combined Authority, the body of five local authorities which are partly funding the project, seemed unaware of the extent of the liabilities it faces....
January 29, 2024
Federal Deposit Insurance Corp
US regulator criticises Swiss handling of Credit Suisse as ‘unhelpful’
...US authorities have never used the authority they were given after the 2008 crisis to handle global bank failures....
April 10, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
The FT ViewThe editorial board
England’s promising experiment with metro mayors
...Most mayors are now more recognisable than local authority leaders and MPs, according a survey by the Centre for Cities....
April 8, 2024
Israel-Hamas war
Israel launches strikes on Hizbollah targets in north-east Lebanon
...The strikes hit the village of Buday, about 18km from Baalbek in the Bekaa Valley, where Hizbollah holds significant sway....
February 26, 2024
News in-depthEnglish devolution
Teesworks inquiry raises questions on governance in England’s devolved regions
...Those liabilities could ultimately end up resting with the area’s five cash-strapped local councils, whose leaders, along with the mayor, comprise the Tees Valley Combined Authority, the body meant to oversee...
February 2, 2024
News in-depthFinancial & markets regulation
‘Solid gold’ payments card case exposes limits of UK regulator
...US authorities accused him of running an unlicensed money-transmitting business, between 2015 and 2019....
March 21, 2024
Israel-Hamas war
Israel strikes targets deep inside Lebanon as cross-border fire escalates
...Israel’s retaliatory offensive against Hamas in Gaza has killed more than 31,000 people, according to health authorities in the Palestinian territory....
March 12, 2024
FT Swamp Notes
Does DoJ versus Apple signal a market top? Premium content
...You and I argued about this a couple of weeks ago, in the context of whether US competition authorities should be fighting against the “bigger is better” ethos of Silicon Valley....
March 25, 2024
20 min
The worst year for banks since 2008 | FT Film
...But actually, when the brown stuff hits the fan the authorities say, never mind that limit. Don't worry. We're going to make you all whole. Now, was that the right thing to do?...
December 26, 2023
Sheila Bair
It’s time to rethink the FDIC approach to bank rescues
...This is what happened when the FDIC auctioned off First Republic last year, little more than a month after the collapse of Silicon Valley Bank....
March 11, 2024
The Long ViewKatie Martin
The lessons from Europe’s banking drama
...Regulators have got quite good at this stuff since 2008, as US authorities’ handling of the sudden death of Silicon Valley Bank and others earlier in the month had demonstrated....
March 22, 2024
Unhedged
Regime change is here
...The Fed’s alphabet soup of pandemic liquidity facilities were astounding in scope, and the mop-up of Silicon Valley Bank shows how much regulators can do even without a full-blown crisis....
April 19, 2024

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