What next for Thames Water?

Thames Water is in trouble: cash-strapped, struggling to control sewage outflows and water leakage, and without the storage capacity to deal with shortfalls during hot weather. Concerns over the future of Britain’s biggest water provider reached a peak this week when investors refused to inject £3bn of much-needed equity, despite …

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AI boom drives global stock markets to best first quarter in 5 years

Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets have recorded their best first-quarter performance in five years, buoyed by hopes of a soft economic landing in the US and enthusiasm about artificial intelligence. An MSCI index …

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Inside Sam Bankman-Fried’s Multi-Billion Dollar FTX Fraud

Sam Bankman-Fried got into the world of cryptocurrency at the age of 25. (File) Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange. He was found guilty in …

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OpenAI courts Hollywood over plans for video generation model Sora

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI has launched a charm offensive in Hollywood, holding meetings with major studios including Paramount, Universal and Warner Bros Discovery to showcase its video generation technology Sora and allay fears …

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