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“ Ricardo Salinas, an entrepreneur, had presumed his dealings were with the financial aristocracy. Instead, he became entangled in a cross-Atlantic legal dispute. “
Access the Editor’s Summary without costRoula Khalaf, the FT’s Editor, chooses her preferred articles for this weekly publication.The direct lending firm Blue Owl will indefinitely bar investors from pulling funds from its initial private retail debt fund, reversing course on a prior intention to allow withdrawals this quarter.On Wednesday, the New York-based financial firm announced that investors in Blue Owl Capital Corp II would no longer be able to retrieve their capital in quarterly intervals. Instead, the company plans to disburse shareholder funds through periodic installments as it divests holdings in subsequent periods.This decision highlights the perils confronting retail investors,…
Gain complimentary access to the Editor’s Summary for freeRoula Khalaf, the FT’s Editor, handpicks her preferred articles for this weekly bulletin.Yoon Suk Yeol, the previous South Korean president, has received a life sentence for rebellion stemming from his unsuccessful bid to enforce martial law, which propelled the nation into disarray.On Thursday, a three-judge tribunal at Seoul Central District Court determined that Yoon was culpable for orchestrating a revolt in late 2024, which aimed to undermine the constitution.”Yoon’s seditious deeds profoundly jeopardize the essential tenets of democracy,” stated judge Ji Gwi-yeon.Yoon had confronted the prospect of capital punishment.This ruling culminates an…
The Scottish Government has rebuffed a Scottish Greens initiative to halt US military utilization of Scotland’s state-owned airfields, with External Affairs Secretary Angus Robertson contending the proposal is unfeasible under delegated authorities and portraying Prestwick’s function as offering supervised aviation services rather than accommodating an American base. The discussion, instigated by a resolution from Scottish Greens co-leader Gillian Mackay, centered on Glasgow Prestwick Airport and Highlands and Islands Airports Limited sites. Mackay asserted that Prestwick has become “a significant unofficial armed forces hub” for the US Air Force and implored government officials to “expel the United States Air Force from…
Keep abreast with complimentary notificationsMerely subscribe to the Accounting & Consulting services myFT Digest — dispatched promptly to your inbox.Accenture has commenced oversight of employee utilization of its AI tools as an element in its determination of senior leadership advancements, as advisory firms encourage hesitant personnel to integrate the technology. The company based in Dublin informed its associate directors and high-level managers that advancement to executive roles necessitates “consistent integration” of AI, as reported by individuals acquainted with the situation and confidential correspondence viewed by the FT.During the current month, Accenture began accumulating statistics on individual weekly accesses to its…
OpenAI has forged an alliance with India’s Tata Group to obtain 100 megawatts of AI-configured data hub space within the nation, with aspirations to expand to 1 gigawatt. This initiative forms a component of a wider endeavor to amplify the firm’s commercial and foundational presence in one of its most rapidly expanding territories. OpenAI disclosed this past Thursday that the collaboration with the Tata Group constitutes a segment of its Stargate project, which seeks to construct AI-ready infrastructure and foster worldwide corporate integration. OpenAI is set to be the inaugural client for Tata Consultancy Services’ HyperVault data center operation, commencing…
Mark Zuckerberg consistently resorted to alleging Lanier had “misrepresented” his earlier declarations. Regarding electronic correspondence, Zuckerberg usually raised objections grounded in the age of the communication or his unacquaintedness with the Meta personnel implicated. When asked to confirm if he was acquainted with Karina Newton, Instagram’s head of public policy in 2021, he simply responded, “I don’t think so, no.” Furthermore, Zuckerberg consistently highlighted whenever he was not genuinely part of a specific email chain presented as proof.Foreseeing, perhaps, these impersonal and reiterated assertions from Zuckerberg—who reiterated incessantly that any heightened user interaction on Facebook or Instagram simply indicated the…
Feb 18, 2026, 10:02 PM ETSTORRS, Conn. — On Wednesday night, Josh Dix tallied 13 of his 21 points during the second half, while Nik Graves contributed 18 points, as Creighton defeated No. 5 UConn 91-84, thus overshadowing the jersey retirement ceremony for former Huskies legend Emeka Okafor.Creighton (14-13, 8-8 Big East), having been listed as a 15.5-point underdog by DraftKings Sportsbook, inflicted upon UConn (24-2, 14-2) its initial conference home defeat of the current season. Furthermore, Creighton’s head coach, Greg McDermott, earned the unique distinction of being the inaugural coach to conquer a Dan Hurley-led squad four times on…
Meta’s chief executive, Mark Zuckerberg, arrived at a central Los Angeles judicial building much like the numerous lawyers, journalists, and proponents assembled to observe his pivotal court appearance. However, a significant distinction was evident: he was accompanied by a retinue seemingly sporting Meta’s Ray-Ban smart glasses. Reaching the courtroom, he proceeded beyond a group of guardians whose offspring had perished after grappling with problems they ascribed to the architecture of digital networks, including those developed by Meta. For the subsequent eight hours, he frequently responded to inquiries with his characteristic unemotional (or, more critically, unvarying) delivery, refuting any responsibility of…
With India positioning itself as a worldwide center for practical artificial intelligence, OpenAI has joined forces with Pine Labs to embed AI-powered logic within the fintech company’s payment infrastructure, thereby automating reconciliation and billing processes. This initiative, according to the companies, could significantly accelerate AI-driven commerce across India. This alliance will involve Pine Labs integrating OpenAI’s application programming interfaces — digital instruments enabling businesses to connect AI to their current frameworks — into its transactional and trade platforms, as announced by the entities on Thursday. The overarching goal is to facilitate AI-supported clearance, ledger matching, and billing procedures. This agreement…