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Access the Editor’s Summary without chargeRoula Khalaf, the FT’s Editor, curates her preferred articles for this weekly bulletin.A US investment fund specializing in distressed debt has informed its investors that private credit providers, including Blue Owl, are concealing vulnerabilities within their asset portfolios, and a substantial market correction in fixed-income instruments is fast approaching. In a presentation reviewed by the FT, Glendon Capital Management, a $5 billion firm based in Los Angeles, asserted that private credit funds overseen by Blue Owl and numerous peer organizations had “falsely portrayed” default rates within their holdings and were sitting on “greater impairments than…
The United Kingdom and Australia are exploring methods to bolster collaboration among their steel sectors to support the AUKUS submarine initiative, as revealed in a parliamentary response from Defence Secretary Luke Pollard. In reply to Conservative Member of Parliament Ben Obese-Jecty, Pollard mentioned that the matter was deliberated upon during the inaugural Australia–UK Defence Industry Exchange since 2018, convened with Australian Defence Industry Secretary Pat Conroy. “I was delighted to welcome Secretary Pat Conroy for the inaugural Australia-UK Defence Industry Exchange since 2018,” Pollard stated. “Being among our nearest confederates, we engaged in productive talks concerning our joint efforts towards…
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Alexa PhilippouMar 12, 2026, 03:09 AM ETCloseReports on women’s collegiate basketball and the WNBA Earlier reported on UConn and the WNBA Connecticut Sun for the Hartford Courant A Stanford alumna and Baltimore native with additional tenure at the Dallas Morning News, Seattle Times, and Cincinnati EnquirerMultiple AuthorsNEW YORK — WNBPA president Nneka Ogwumike informed journalists late Wednesday that players are “perceiving progress” in contractual negotiations and are “dedicated to participation in the discussions.” This announcement came after two consecutive days of extended deliberations involving the WNBA and its athlete’s association.A new agreement has yet to be reached by both parties,…
The Royal Navy’s versatile frigates are destined to hold a crucial position in Britain’s developing Atlantic Bastion strategy for safeguarding the North Atlantic, as per a written parliamentary response from Defence Minister Al Carns. Addressing queries posed by Labour MP Luke Akehurst, Carns indicated that these vessels would persist in offering naval presence and security duties, simultaneously integrating with novel uncrewed technologies. “As part of the Atlantic Bastion framework, multi-role Royal Navy frigates will maintain a significant function in delivering naval presence, surveillance, convoy duties, and assurance operations,” Carns affirmed. He further noted that the ships would moreover serve as…
A parliamentary response in writing indicates that the UK administration already holds enhanced capabilities for addressing poorly performing military suppliers, following the enactment of the Procurement Act 2023. In reply to an inquiry from Labour dignitary Lord Spellar, Lord Coaker, the Minister for Defence, affirmed that the legislation offers provisions akin in purpose to actions emphasized in a contemporary American presidential decree concerning military procurement agreements. Lord Spellar had inquired if the administration had evaluated the American Presidential Directive “Prioritizing the warfighter in defense contracting”, promulgated on January 7th, and if comparable steps ought to be adopted within the United…
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Keep abreast of complimentary newsRegister for the Financial services myFT Digest, which arrives straight in your inbox.BlackRock, UBS, and Legal & General are included in the group of investment firms providing over sixty actively managed environmental, social, and governance portfolios that hold stakes in BP, even though the company has scaled back its commitment to renewable energy to refocus on hydrocarbon resources.An examination by the FT, drawing upon statistics from the data supplier, Morningstar Direct, revealed that upwards of 110 actively and passively managed ESG portfolios had investments in BP by the end of 2025.Early in the year, BP opted…
A youth residing in Merseyside has received a three-year Criminal Behaviour Order after acknowledging possession of prohibited extremist items, subsequent to an anti-terrorism inquiry. The seventeen-year-old individual, whose identity is legally protected, confessed culpability for four charges of holding terrorist material as per Section 58 of the Terrorism Legislation. His judgment was delivered at Liverpool Crown Court following an inquiry conducted by Counter Terrorism Policing North West. During the proceedings, it was revealed that the adolescent had become fixated on the individual responsible for the Southport killings and had delved into online material concerning school massacres and incel topics. Authorities…
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