Top headlines from across today’s paper
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FINANCIAL TIMES
Thursday, 14 August 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
UK inheritance tax clampdown will not spark mass sale of family farms, study shows
 
Eight in 10 affected estates can cover cost of higher death duties with non-farm assets, research claims
 
 
Wildfires spread dangerously close to southern European capitals
 
Data shows number of blazes in Europe has jumped by nearly 50% in 2025 during repeated heatwaves
 
 
Trump threatens ‘very severe consequences’ if Putin refuses to end Ukraine war
 
US president allays European concerns with focus on ceasefire as Alaska talks near
 
 
George Osborne arranged Cotswolds holiday for JD Vance
 
Ex-chancellor helped source accommodation and devise itinerary for US vice-president
 
 
Why bad ideas are always with us
 
Tariffs, Nimbyism, high debt — the victims of these things don’t even know what they’re losing
 
 
 

Top Headlines from the International Editions

 
 
 
Top Federal Reserve official signals uncertainty over September interest rate cut
 
Hawkish tone from Austan Goolsbee contrasts with market expectations for reduction next month
 
 
Donald Trump says he has ‘three or four’ candidates in mind to lead the Federal Reserve
 
US president signals he could name ‘shadow chair’ before Jay Powell leaves central bank
 
 
The AI dealmaking circus continues with Perplexity’s bid for Chrome
 
Several things in this mooted deal are odd
 
 
Republicans: America’s teetotallers
 
Share of US adults who drink falls to 54%, the lowest level since 1939
 
 
‘Traffic-light’ dashboard lets PwC monitor office attendance
 
Big Four firm checks building pass swipes and WiFi connections to address ‘persistent and deliberate non-compliance’
 
 
 

Markets

 
 
 
‘If in doubt, do nothing’: how the Wellcome Trust’s investments outshone its peers
 
Under outgoing chief investment officer Nick Moakes the foundation made just a handful of big investment calls
 
 
Peter Thiel-backed crypto exchange Bullish surges in market debut
 
First day stock rally for trading platform signals strong investor interest in digital asset shares
 
 
Centrica frontrunner to buy National Grid’s LNG terminal in £1.5bn deal
 
British Gas owner and Energy Capital Partners in exclusive talks for import facility in the Thames estuary
 
 
Saudi Arabia’s PIF makes $8bn writedown on value of flagship megaprojects
 
Developments such as futuristic Neom hit by budget overruns and lower oil prices
 
 
Global stocks extend rally after US inflation data lifts sentiment
 
Latest reading paves way for Federal Reserve to cut interest rates in September
 
 
 

Companies

 
 
 
Surge in ‘money mules’ raises concern at UK financial watchdog
 
Sharp rise in number of people letting criminals use their bank account to launder funds
 
 
Air Canada cancels flights as strike looms after pay talks fail
 
More than 10,000 flight attendants from country’s largest carrier to walk out from Saturday
 
 
Lessons from an upbeat US earnings season
 
The Q2 results are an unreliable gauge of America’s ability to weather tariffs
 
 
Jewellery chain Claire’s UK business appoints administrators
 
High-street brand’s move puts more than 2,000 jobs at risk and comes after parent group filed for bankruptcy protection
 
 
CoreWeave shares slide after bigger than expected losses
 
Data centre group has ridden a wave of enthusiasm for artificial intelligence
 
 
 

Opinion

 
 
 
Trump’s tariffs turn from confused to chaotic
 
US trade policy is a cautionary tale but n