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FINANCIAL TIMES
Tuesday, 16 June 2026
 
 
 

Top Headlines from the UK Edition

 
 
 
OpenAI spending hit $34bn last year ahead of planned IPO
 
Audited figures reveal mounting costs from model development, infrastructure and rapid expansion
 
 
Trump administration considers $300bn fund for Iran if deal is upheld
 
Incentives would be tied to Tehran’s ‘performance’ including over opening of the Strait of Hormuz and nuclear talks
 
 
How the US-Iran deal came together
 
Mediators spent weeks working on a plan to bridge nearly half a century of hostility between Washington and Tehran
 
 
UK would be blocked from rejoining ‘wounded’ EU, says Jean-Claude Juncker
 
Former Commission president says other countries would ‘cold-shoulder’ Britain because of its closeness to the US
 
 
The Iran war in seven charts
 
From oil markets to reconstruction, the fallout from the conflict will unfold over years
 
 
 

Top Headlines from the International Editions

 
 
 
Bank of Japan raises rates to 1% for first time since 1995
 
Central bank deputy Shinichi Uchida to lead press conference after chief Kazuo Ueda hospitalised last week
 
 
How an AI windfall gave Bain Capital one of the most lucrative private equity deals ever
 
US firm stands to pocket profits of $15bn on 2018 buyout of Kioxia, the former Toshiba Memory
 
 
China’s economy shows signs of weakness in May
 
Retail sales decline for first time in more than three years and fixed asset investment slump deepens
 
 
Gavin Newsom says Donald Trump has ordered justice department to investigate him
 
California governor is considered a potential Democratic presidential candidate for 2028
 
 
Stocks surge as US-Iran deal ignites global rally
 
Investor sentiment also helped by SpaceX’s historic initial public offering
 
 
 

Markets

 
 
 
ConocoPhillips set to sign deal with Syria to revive gas production
 
Agreement will be first by a US energy major with Damascus as it aims to rebuild activity after years of civil war
 
 
SpaceX shares gain for second day after blockbuster debut
 
Elon Musk’s AI, satellite and rocket group climbs 19.6% further on Monday
 
 
Average US petrol price falls below $4 on deal to reopen Strait of Hormuz
 
As cost at the pump declines to nearly two-month low, analysts warn risk of a surge ‘has not completely disappeared’
 
 
Chipmaker Nvidia seeks to raise over $25bn in first bond deal since 2021
 
Debt sale set to test investor appetite for further exposure to AI sector amid a deluge of borrowing
 
 
UK financial regulator gears up to levy bigger fines
 
Move by FCA comes after it was forced to reduce penalties by recent court challenges
 
 
 

Companies

 
 
 
Environment secretary casts doubt on £10bn Thames Water rescue
 
Emma Reynolds’ warning increases prospect of the nationalisation of Britain’s biggest water company
 
 
US billionaire owners of Crystal Palace explore sale
 
South London football club is enjoying its most successful ever period
 
 
Murdochs’ aversion to big buyouts meets its match in the streaming age
 
Fox’s shares dip following news of $22bn acquisition of Roku
 
 
AI giants are learning a hard lesson about pricing power
 
Anthropic, until Friday’s White House move, looked like one of the more rationally valued companies in its peer group
 
 
Rolls-Royce wins contract to build small nuclear reactors for Sweden
 
UK firm’s SMR unit beats competition from GE Vernova Hitachi for its third major contract
 
 
 

Opinion

 
 
 
The least bad exit from Trump’s war of choice
 
To ensure deal succeeds, the US president must contain Israel’s prime minister
 
 
Cutting access to Anthropic’s Mythos is a gift to China
 
Washington’s suspension just strengthened Beijing’s pitch for its own competing AI models
 
 
Me and my exoskeleton: the rise of wearable robotics
 
Lighter and more affordable devices give users a battery-powered spring in their step
 
 
Global imbalances need not lead to trade wars
 
The world’s benign arithmetic will turn malign if countries do not adjust
 
 
A fragile Iran peace follows a war without victors
 
Trump’s deal reflects the failure of the military option in Iran
 
 
 

Work & Careers

 
 
 
Investor support for executive pay rises even as awards rocket
 
Shareholders tend to vote for high compensation as long as it is linked to performance
 
 
 
 
 
 
 
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