Top headlines from across today’s paper
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FINANCIAL TIMES
Friday, 5 September 2025
 
 
 

Top Headlines from the UK Edition

 
 
 
US and Taiwanese defence officials held secret talks in Alaska
 
Discussions came after a planned higher-level meeting with island’s defence minister was cancelled by Washington
 
 
Angela Rayner property adviser says firm is being ‘scapegoated’ over unpaid tax
 
Deputy PM underpaid stamp duty on purchase of Hove apartment by £40,000
 
 
Alan Turing Institute head to quit after internal turmoil
 
Technology secretary Peter Kyle branded flagship national AI agency a “failing organisation”
 
 
US to cut some security funds for European countries bordering Russia
 
Move comes as Washington pushes Nato allies to pay more towards their own defence
 
 
The curious incident of the Conservatives in the night
 
The case for Badenoch as leader was that she was charismatic and combative enough to win her party a hearing
 
 
 

Top Headlines from the International Editions

 
 
 
Trump’s nominee to join Federal Reserve says he would not drop White House role
 
Stephen Miran tells Senate banking committee he views central bank independence as ‘paramount’
 
 
OpenAI set to start mass production of its own AI chips with Broadcom
 
ChatGPT maker’s deal with US chip group signals industry shift towards custom alternatives to Nvidia
 
 
Big Tech bosses line up to back Melania Trump’s AI initiative
 
Heads of Google, Microsoft, OpenAI and Apple appear at White House events in bid to court favour with the administration
 
 
Robert Kennedy grilled over vaccine scepticism in fiery US Senate hearing
 
Trump officials defend health secretary after sharp questioning from Republican and Democratic lawmakers
 
 
Anthropic to stop selling AI services to majority Chinese-owned groups
 
Policy will also apply to US adversaries including Russia, Iran and North Korea
 
 
 

Markets

 
 
 
Swiss watch certifier unveils stricter ‘Super-COSC’ standard
 
COSC’s new certification will raise the bar for watch accuracy and performance by testing to a tougher benchmark to meet modern demands
 
 
Goldman Sachs to buy $1bn stake in T Rowe Price
 
Tie-up marks push to pitch private investments to everyday investors
 
 
What’s a central bank supposed to do?
 
The history of central banks contains a lot of uncertainty and a lot of politics
 
 
Goldman Sachs wants everyone to be long-term greedy
 
Wall St bank and T Rowe Price team up to pitch private investments to everyday investors
 
 
Peter Thiel-backed fintech Brex plots European expansion in push for IPO
 
The $12bn group seeks expansion in sign of resilience among start-ups launched in a period of ultra-low interest rates
 
 
 

Companies

 
 
 
Watches and Jewellery: September
 
Project in UK aims to educate retailers about their obligations under the Hallmarking Act; Breitling’s multimillion-dollar deal with the NFL links luxury and US sport; eye-popping brooches from Dalí’s designs to suffragette symbols; celebrity styles at the Met Gala put pocket watches under the spotlight
 
 
Tag Heuer revisits watch carbon oscillator after past setback
 
Swiss brand aims to boost precision of high-end models and elevate consumer perceptions
 
 
Luxury watch prices diverge as auctions test collector appetites
 
Retailers see a widening split in the pre-owned market
 
 
Chopard unveils accessible Ice Cube high jewellery at New York Fashion Week
 
Swiss brand debuts its modern Ice Cube collection alongside its Cannes line, tapping into the resilient demand for precious pieces amid a faltering luxury market
 
 
Suppliers dial up their creativity
 
As the Swiss watch industry faces a downturn, suppliers like Schwarz Etienne, Taos and Formex are launching their own brands, blending artistic freedom with strategic stability
 
 
 

Opinion

 
 
 
France’s vicious circle