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Nigel Farage has told the BBC he discussed the “potential liabilities” of returning to politics before the 2024 general election.It comes after The Sunday Times, external reported Farage had negotiated a deal in March and April 2024 with then-Reform leader Richard Tice to return to lead the party.Farage confirmed he spoke with Tice in spring 2024 to scope out what would happen to Reform’s finances if he returned but said it “wasn’t a deal, it wasn’t an agreement”, adding that talks came “quite some time after” he received a £5m gift from a billionaire donor.Labour said Farage’s remarks had “blown…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US Treasury has fined UBS a record $125mn over its failure to implement adequate anti-money laundering controls despite being sanctioned for similar shortcomings in 2018. UBS Financial Services, the Swiss bank’s US broker-dealer and wealth management subsidiary, failed to put in place an effective anti-money laundering programme and properly review foreign currency transactions worth more than $10bn, according to findings from the US Treasury’s Financial Crimes Enforcement Network. FinCen said it was the largest penalty ever imposed against a broker-dealer for violations of…

SpaceX and the state of Louisiana are close to finalizing a deal for the launch company to acquire about 130,000 acres along the northern coast of the Gulf of Mexico. There have been persistent rumors about such an agreement for months, but now The Times-Picayune | The New Orleans Advocate reports that Louisiana Gov. Jeff Landry is expected to announce the agreement later this month. The deal would give SpaceX control of an 18-mile stretch of marshland southwest of Lafayette. The site, known as Pecan Island, became available as part of a legal settlement that resolves dozens of lawsuits that…

US President Donald Trump (R) and Open AI CEO Sam Altman (L) react during a working lunch meeting of G7 members, partner countries, and artificial intelligence business leaders as part of the G7 summit, in Evian, eastern France, on June 17, 2026.Julia Demaree Nikhinson | Afp | Getty ImagesThe White House will host artificial intelligence companies Tuesday to discuss a newly completed framework for reviewing the cybersecurity capabilities of the industry’s most advanced models, a White House official confirmed to CNBC.The meeting will focus on the voluntary framework President Donald Trump ordered in June, the official said, speaking on condition…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.MPs have urged the UK government to routinely test children living near abandoned lead mines for the toxic metal, warning that the health risks from the country’s industrial past have been “left unaddressed” for too long.In a letter to Welsh secretary Stephen Kinnock, the House of Commons Welsh affairs committee called for the launch of a co-ordinated four-nation programme that would identify children with elevated lead levels. “Across the UK there has been a failure to fully understand where contamination exists in the…

A new phase in the AI trade is forcing investors to separate Big Tech’s winners from losers — and reconsider whether beaten-down software stocks could offer protection from the increasingly volatile chip sector and the circular nature of the AI ecosystem. Cyrus Mewawalla, head of strategic intelligence at GlobalData, said cloud-heavy hyperscalers are being rewarded for turning AI investment into sales, sharpening the split between winners and losers. Deutsche Bank analysts, meanwhile, flagged software as a hedge against growing volatility within semiconductor stocks. Speaking with CNBC’s “Squawk Box Europe” on Monday, Mewawalla said investors have turned “incredibly jittery” around the…

The NAACP alleged that xAI and a subsidiary company built and operated 27 natural gas-fired turbines in Southaven, Mississippi, without the required Clean Air Act permits. The turbines generated electricity to power xAI’s nearby Colossus 2 data center. The NAACP alleged that the gas plant released harmful pollutants, such as nitrogen oxides and formaldehyde, which can increase rates of asthma, respiratory diseases, heart problems, and certain cancers. Had xAI applied for a permit to operate the turbines under the Clean Air Act, the EPA would have required xAI to use the best available technology to reduce those emissions. But xAI…

The Conservatives have called for the greater use of facial recognition technology to investigate crimes. Shadow home secretary Chris Philp wants to make it a requirement for officers to run images of suspects through facial recognition software, where they have been captured on CCTV, mobile phones or camera doorbells.He also wants officers to follow up when geo-tagged items – including phones, laptops, tablets, bikes and cars – are pinging their location at a suspect’s address, as well as tackling stolen goods being sold in plain sight.A Home Office spokesperson said the government was investing heavily in facial recognition technology.”This government…

Stay informed with free updatesSimply sign up to the Geopolitics myFT Digest — delivered directly to your inbox.When Belgium beat the US at the recent World Cup, the Belgian players celebrated by mockingly imitating Donald Trump’s dad dancing. It was a pointed rebuke to the US president — who had boasted about persuading Fifa, the world football authority, to lift the suspension of America’s star striker so that he could play against Belgium.European football is now doing another victory dance. Uefa, the continent’s football federation, has just forced Fifa’s boss, Gianni Infantino, to withdraw a plan to sell a stake…

As for maintenance, most cars, especially earlier halogen models, would require bulb changes. Depending on the vehicle, this was generally as simple as popping the hood, removing a cap from the back of the headlight, and changing the bulb. Now, if an LED cluster malfunctions, the entire unit must be swapped out for another, due to much tighter tolerances in LED sources compared to halogen counterparts. As for headlight alignment, the higher intensities and contrasts of LED lights mean greater sensitivity to misalignment than halogen lights. And there you have it: an unromantic explanation for why night driving now feels…