Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaKharg Island: Iran’s oil lifeline that Trump has left untouchedTrump’s Venezuela strategy has failed in IranWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsG7 discuss joint release of emergency oil reservesUSUS HomeUS EconomyUS CompaniesUS Politics & PolicyKharg Island: Iran’s oil lifeline that Trump has left untouchedTrump’s Venezuela strategy has failed in IranWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsIran war will leave a complex geoeconomic legacyCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesEx-EY executive launches private equity-backed tax firm to challenge Big FourPimco sticks with bet on gilts despite market slumpTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaSheryl Sandberg and Nick Clegg join Nvidia-backed AI start-up NscaleKKR eyes multibillion-dollar sale of data centre cooling companyAnthropic sues the Pentagon over being declared a ‘supply chain risk’Is South Korea’s dominant online retailer an American company?Microsoft adds Anthropic AI models to its Copilot workplace toolsMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesIran war will leave a complex geoeconomic legacyPimco sticks with bet on gilts despite market slumpClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersTrump’s Venezuela strategy has failed in IranIran war will leave a complex geoeconomic legacyAmerica chose this war — and must now choose how to end itStagflationary forces are buildingWhy it’s time to end the grim march of the touchscreenLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItWhy it’s time to end the grim march of the touchscreenYou can turn this to your advantage if every news story has ‘tax exile’ in itBusiness school professors’ picksLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterHow to wear a tie: HTSI’s definitive guideWine storage is emerging from the cellarFlip it and reverse it: the enduring fun of Jaeger-LeCoultre’s Reverso A whirlwind guide to Washington’s Library of Congress‘Match of the century’ referee Lothar Schmid’s chess library up for auctionHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InArtificial intelligenceSheryl Sandberg and Nick Clegg join Nvidia-backed AI start-up NscaleCloud provider raises $2bn in largest deal of its kind for a European tech start-upAnthropicAnthropic says Pentagon’s risk designation will have limited impact on its businessChief executive Dario Amodei says defence department’s move will not affect the ‘vast majority’ of its customersSpecial ReportEurope’s Leading Start-up Hubs 2026Businesses specialising in complex technologies are emerging from the 180 centres highlighted here. Plus: how Munich became a leader in defence; climate tech proves strategic value; Portugal attracts start-ups seeking scale; Sweden’s AI successEurope’s Leading Start-up Hubs 2026Deep tech start-ups thrive in Europe’s push for digital independenceMoney is moving into rockets, AI and fusion in shift to cut reliance on US for defence and techEurope’s Leading Start-up Hubs 2026How Munich became an engine for defence start-upsBavaria’s roots in arms manufacture date back to the 19th centuryEurope’s Leading Start-up Hubs 2026Portugal welcomes start-ups seeking scaleHubs in Lisbon, Porto and Braga nurture new businesses as they look to expandEurope’s Leading Start-up Hubs 2026Climate tech proves strategic value in Europe’s push for autonomyStart-ups producing green technologies play vital role in political shift towards security and independenceEurope’s Leading Start-up Hubs 2026Sweden’s AI start-ups capture growing US interestMany of Stockholm’s thriving tech businesses consider relocating as they look to scale upEurope’s Leading Start-up Hubs 2026UnternehmerTUM: Munich hub has winning formula for entrepreneursCentre tops the FT’s ranking of Europe’s leading start-up hubs for the third timeAnthropicAnthropic chief back in talks with Pentagon about AI dealDario Amodei holding discussions with deputy to Pete Hegseth to reach a compromise on military use of the technologyOpenAIOpenAI pushes to add surveillance safeguards following Pentagon dealSam Altman’s start-up planning additional protections as it implements the agreement hastily announced on FridayFintechLex. Less radical, more profitable: here come Europe’s new fintech unicornsBusiness-to-business services are bread and butter for a lot of investorsArtificial intelligenceNvidia-backed ‘open’ AI start-up courts investors at $20bn-plus valuationReflection AI’s new funding talks come as Trump administration seeks US rivals to China’s DeepSeekArtificial intelligenceLex. AI models, like capitalism, are best served with a conscienceSome companies think users would prefer products with morals pre-installedAnthropicAnthropic to sue Trump administration after AI lab is labelled security riskPentagon bans start-up from government contracts, as OpenAI announces deal to deploy models in classified networksAnthropicUS warns it will axe all Anthropic agreements without Pentagon dealCEO Dario Amodei says start-up ‘cannot in good conscience’ agree to US government’s termsUK’s Leading Management ConsultantsAI start-ups cut ‘red tape’ to speed up tasksA number of consultants have left big firms to create their own software companies to automate common and repetitive workAnthropicHegseth threatens to cut Anthropic from Pentagon supply chain in showdown with CEOAI start-up’s Dario Amodei summoned to Washington after trying to limit military use of its technologyAnthropicAnthropic accuses Chinese AI labs of ‘distillation attacks’ on its modelsUS company says it identified actions by rivals DeepSeek, Moonshot and MiniMaxEurope’s Leading Start-up Hubs 2026FT ranking: Europe’s leading start-up hubs 2026View the top centres providing business incubator and accelerator programmesTechnologyTech ExchangeThis series features conversations between FT journalists and the technology industry’s leaders, innovators, and thinkers. 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