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Financial Times

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AI Dominates 2026 FT Business Book Shortlist as Three Titles Focus on Tech Risks
business3 days ago

AI Dominates 2026 FT Business Book Shortlist as Three Titles Focus on Tech Risks

The Financial Times and Standard Chartered have announced the six-book shortlist for their 2026 Business Book of the Year Award, with artificial intelligence dominating the selection. Three of the six finalists address AI as a general tool, a military weapon, and a forecasting mechanism. The award, now in its 22nd edition, offers a £30,000 prize to the winner and £10,000 to each shortlisted author. The ceremony will take place in London on December 2, coinciding with the Bracken Prize for Young Authors. Notably, five of the last six winners have focused on technology, reflecting a sustained trend in business publishing.

Investigative Journalist Unmasks Anonymous Billionaires Behind Global Porn Empire
media-and-technology10 days ago

Investigative Journalist Unmasks Anonymous Billionaires Behind Global Porn Empire

Patricia Nilsson’s new book, 'Guilty Pleasure', exposes the hidden ownership structures of the global pornography industry, revealing that major platforms are controlled by anonymous bankers and tech executives rather than traditional moguls. Nilsson argues that the business models developed for adult content have fundamentally shaped modern internet architecture, from algorithmic engagement to live streaming, creating a 'masturbatory' digital experience that prioritizes passive consumption over active living.

Russia Secretly Aids Iran in Covert Supersonic Missile Program
world1 month ago

Russia Secretly Aids Iran in Covert Supersonic Missile Program

The Financial Times reports a years‑long covert program, code-named C430L, in which Russia is secretly helping Iran develop ramjet-powered supersonic cruise missiles—intended for anti-ship and land-attack use—marking a significant transfer of strategic military technology; the piece notes Russia’s involvement of top missile engineers and adds to prior claims of Moscow assisting Tehran with drones and satellite imagery, underscoring heightened regional security concerns.

Harvard Professor’s AI-Written Op-Ed Draws Backlash Over Trump Tariffs
politics1 month ago

Harvard Professor’s AI-Written Op-Ed Draws Backlash Over Trump Tariffs

A Harvard Kennedy School economist, Ricardo Hausmann, is facing criticism after it emerged that his Financial Times op-ed criticizing President Trump’s tariffs was largely AI-generated; the FT added a disclaimer noting AI was used to condense a longer draft, highlighting concerns about AI's role in scholarly writing and drawing sharp reactions from readers who called the piece “slop.”

Odey abandons libel suit against FT, acknowledging public-interest defence would prevail
business6 months ago

Odey abandons libel suit against FT, acknowledging public-interest defence would prevail

Crispin Odey has dropped his £79m libel claim against the Financial Times, admitting the paper would likely win its public-interest defence over decades of sexual misconduct allegations; the FT had indicated about 15 women were willing to testify. The decision comes after the FT disclosed evidence it planned to rely on and a three-week Upper Tribunal hearing over Odey’s FCA ban, during which he admitted to sexually assaulting a former employee in 2005. Odey now faces substantial legal costs as the case ends.

Treasury Seeks Retraction Over FT Story on Fed Oversight Plan
business6 months ago

Treasury Seeks Retraction Over FT Story on Fed Oversight Plan

The U.S. Treasury formally demanded the Financial Times retract a March story about Scott Bessent’s alleged push for tighter Federal Reserve oversight modeled on the Bank of England, disputing several claims and the headline. The Treasury says the statements are false, while the FT stands by its reporting and included Treasury responses. The episode, coming amid Trump-era pressure on the Fed and market sensitivity to the central bank’s independence, highlights ongoing tensions over monetary policy and oversight.