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==History== [[File:Financial Times 1888 front page.jpg|thumb|The front page of the ''Financial Times'' on 13 February 1888|247x247px]] === Origins === The ''FT'' was launched as the ''London Financial Guide'' on 10 January 1888, renaming itself the ''Financial Times'' on 13 February the same year. Describing itself as the friend of "The Honest Financier, the Bona Fide Investor, the Respectable Broker, the Genuine Director, and the Legitimate Speculator", it was a four-page journal. The readership was the financial community of the [[City of London]], its only rival being the more daring and slightly older (founded in 1884) ''[[Financial News (1884–1945)|Financial News]]''. On 2 January 1893 the ''FT'' began printing on light pink paper to distinguish it from the similarly named ''Financial News.''<ref name=FTabout>{{cite web|website=Financial Times|title=About the newspaper|url=http://help.ft.com/newspaper-delivery/about-the-newspaper/|archive-url=https://web.archive.org/web/20120108062240/http://help.ft.com/newspaper-delivery/about-the-newspaper/#axzz3ZDPTGgyZ|archive-date=8 January 2012 |access-date=4 May 2015}}</ref> The pink tint came from the pink color of the [[China clay]] they began sourcing from the [[Bodelva]] [[clay pit]] near [[St Austell]], [[Cornwall]],<ref name="Becquart2020">{{cite news |last1=Becquart |first1=Charlotte |title=The Financial Times newspaper is pink because of Cornwall's China clay |url=https://www.cornwalllive.com/news/cornwall-news/financial-times-newspaper-pink-because-4394084 |access-date=27 May 2025 |work=[[Cornwall Live]] |publisher=[[InYourArea]] |date=August 8, 2020}}</ref> and at the time, it was cheaper not to bleach the paper (several other more general newspapers, such as ''[[The Sporting Times]]'', had the same policy), but nowadays it is more expensive as the paper has to be dyed specially.<ref name=FTabout/> === Purchase by the Berry brothers === The Berry brothers, [[William Berry, 1st Viscount Camrose|Lord Camrose]] and [[Gomer Berry, 1st Viscount Kemsley|Gomer Berry]] (later Lord Kemsley), purchased the ''Financial Times'' in 1919.<ref name=Kynaston1988>{{cite book|author-link= David Kynaston|first=David|last=Kynaston|title=The Financial Times: A Centenary History|publisher= Viking |date=1988|pages=142–144}}</ref> === Purchase by Brendan Bracken; merger with the ''Financial News'' === In 1945, [[Brendan Bracken]] purchased the ''Financial Times'' from Lord Camrose,<ref name=Kynaston1988 /> and, following 57 years of rivalry, merged it with the ''Financial News'' to form a single six-page newspaper. The ''Financial Times'' had a higher circulation, while the ''Financial News'' provided much of the editorial talent. The ''Lex'' column was also introduced from ''Financial News''.<ref>{{cite web |url=http://gale.cengage.co.uk/images/FT%20Brief%20History%20by%20David%20Kynaston.pdf |title=A brief history of the FT by David Kynaston, author of ''The Financial Times: A Centenary History''. |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015044548/http://gale.cengage.co.uk/images/FT%20Brief%20History%20by%20David%20Kynaston.pdf |archive-date=15 October 2013 }}</ref> With this purchase and merger, Bracken is credited as being "the effective founding father of the modern ''Financial Times'', Britain’s highest quality daily newspaper."<ref>{{Cite web |last=Evilly |first=Barry Mac |date=2016-09-28 |title=Churchill & the Irishman |url=https://www.littlemuseum.ie/whats-on/churchill-the-irishman/ |access-date=2024-10-11 |website=Little Museum of Dublin |language=en-US}}</ref> === Gordon Newton and "direct recruitment" === [[Gordon Newton]], a Cambridge graduate, took over as editor in 1949, and immediately introduced a policy (then most unusual in [[Fleet Street]]) of direct recruitment of new university graduates, mainly from Oxbridge, as its trainee journalists. Many of them proceeded to have distinguished careers elsewhere in journalism and British public life and became the mainstay of the paper's own editorial strengths until the 1990s. The first such 'direct recruit' was future leading British economist Andrew Shonfield; the second was (later Sir) William Rees-Mogg who went on, via ''[[The Sunday Times]]'', to edit ''[[The Times]]'' in 1967 following its acquisition by [[Roy Thomson, 1st Baron Thomson of Fleet|Roy Thomson]]. Other FT Oxbridge recruits included the future [[Chancellor of the Exchequer]] [[Nigel Lawson]]. The ''FT''{{'}}s distinctive recruitment policy for Fleet Street journalists was never popular with the [[National Union of Journalists]] and ceased in 1966 following the recruitment of Richard Lambert from Oxford, himself a future Editor of the ''FT''. === Purchase by Pearson and growth into a global newspaper === Meanwhile, [[Pearson plc|Pearson]] had bought the paper in 1957.<ref>{{cite web|title=History of Pearson plc |url=http://www.fundinguniverse.com/company-histories/pearson-plc-history/|access-date=2 March 2021|website=FundingUniverse |archive-date=4 May 2022|archive-url=https://web.archive.org/web/20220504105629/http://www.fundinguniverse.com/company-histories/pearson-plc-history/|url-status=live}}</ref> Over the years, the paper grew in size, readership, and breadth of coverage. It established correspondents in cities around the world, reflecting a renewed impetus in the [[world economy]] towards [[Globalization|globalisation]]. As cross-border trade and capital flows increased during the 1970s, the ''FT'' began international expansion, facilitated by developments in technology and the growing acceptance of English as the international language of business. On 1 January 1979 the first ''FT'' (Continental Europe edition) was printed outside the UK, in Frankfurt; printing in the U.S. began in July 1985.<ref name=npius>{{cite news |url=https://news.google.com/newspapers?id=YO5VAAAAIBAJ&sjid=g-EDAAAAIBAJ&pg=6636%2C6548979 |work=Eugene Register-Guard |location=(Oregon) |agency=Associated Press |title=Financial Times of London now printed in U.S. |date=28 July 1985 |page=3F |access-date=22 April 2021 |archive-date=22 April 2021 |archive-url=https://web.archive.org/web/20210422202132/https://news.google.com/newspapers?id=YO5VAAAAIBAJ&sjid=g-EDAAAAIBAJ&pg=6636,6548979 |url-status=live }}</ref> Since then, with increased international coverage, the ''FT'' has become a global newspaper, printed in 22 locations with five international editions to serve the UK, continental Europe, the U.S., Asia and the Middle East.<ref>{{cite web |url=http://www.fttoolkit.co.uk/2011mediakit/history_video.html |title=FT's Media Kit: FT Heritage and Innovation |publisher=Fttoolkit.co.uk |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20130215215337/http://www.fttoolkit.co.uk/2011mediakit/history_video.html |archive-date=15 February 2013 }}</ref> The European edition is distributed throughout continental Europe and Africa. It is printed Monday to Saturday at five centres across Europe, reporting on matters concerning the European Union, the [[euro]] and European corporate affairs.<ref>{{cite web |url=https://www.financialtimes.net/about_fttour.html |title=FT tour |website=Financial Times|publisher=Financialtimes.net |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20130513183713/https://www.financialtimes.net/about_fttour.html |archive-date=13 May 2013 }}</ref> In 1994 ''FT'' launched a luxury lifestyle magazine, ''How To Spend It''. In 2009 it launched a standalone website for the magazine.<ref>{{cite web |url=http://www.pearson.com/news/2009/october/financial-times-launches-how-to-spend-it-online.html?article=true |title=Financial Times launches How To Spend It online |publisher=Pearson |date=1 October 2009 |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015160117/http://www.pearson.com/news/2009/october/financial-times-launches-how-to-spend-it-online.html?article=true |archive-date=15 October 2013 }}</ref> === FT.com === On 13 May 1995 the ''Financial Times'' group made its first foray into the online world with the launch of FT.com. This provided a summary of news from around the globe, which was supplemented in February 1996 with stock price coverage. The second-generation site was launched in spring 1996. The site was funded by advertising and contributed to the online advertising market in the UK in the late 1990s. Between 1997 and 2000, the site underwent several revamps and changes of strategy, as the FT Group and Pearson reacted to the changes online. ''FT'' introduced subscription services in 2002.<ref>{{cite web |url=http://www.pearson.com/news/2002/april/ftcom-to-launch-improved-website-with-new-content-and-services.html?article=true |title=FT.com to launch improved website with new content and services for users, subscribers and advertisers |publisher=Pearson |date=30 April 2002 |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015160115/http://www.pearson.com/news/2002/april/ftcom-to-launch-improved-website-with-new-content-and-services.html?article=true |archive-date=15 October 2013 }}</ref> ''FT.com'' is one of the few UK news sites successfully funded by individual subscription. In 1997, the ''FT'' launched a U.S. edition, printed in New York, Chicago, Los Angeles, San Francisco, Dallas, Atlanta, Orlando and Washington, D.C., although the newspaper was first printed outside New York City in 1985. In September 1998 the ''FT'' became the first UK-based newspaper to sell more copies internationally than within the UK. In 2000 the ''Financial Times'' started publishing a German-language edition, ''[[Financial Times Deutschland]]'', with a news and editorial team based in Hamburg. Its initial circulation in 2003 was 90,000. It was originally a joint venture with a German publishing firm, [[Gruner + Jahr]]. In January 2008 the ''FT'' sold its 50% stake to its German partner.<ref>{{cite web |url=http://www.pearson.com/news/2008/january/pearson-to-sell-its-ft-deutschland-stake-to-gruner-%2B-jahr.html?article=true |title=Pearson to sell its FT Deutschland stake to Gruner + Jahr |publisher=Pearson |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015160113/http://www.pearson.com/news/2008/january/pearson-to-sell-its-ft-deutschland-stake-to-gruner-%2B-jahr.html?article=true |archive-date=15 October 2013 }}</ref> ''FT Deutschland'' never made a profit and is said to have accumulated losses of €250 million over 12 years. It closed on 7 December 2012.<ref>{{cite web|last=Wiesmann |first=Gerrit |url=http://www.ft.com/intl/cms/s/0/0c8df1ae-356b-11e2-bd77-00144feabdc0.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/cms/s/0/0c8df1ae-356b-11e2-bd77-00144feabdc0.html |archive-date=10 December 2022 |url-access=subscription |title=FT Deutschland closure date confirmed |work=Financial Times |date=23 November 2012 |access-date=15 October 2013}}</ref><ref>{{cite news |url=https://www.economist.com/news/business/21567952-curtains-or-see-you-world-wide-web-so-farewell-then-ftd |title=So farewell then, FTD |newspaper=The Economist |date=8 December 2012 |access-date=15 October 2013 |archive-date=20 October 2013 |archive-url=https://web.archive.org/web/20131020131605/http://www.economist.com/news/business/21567952-curtains-or-see-you-world-wide-web-so-farewell-then-ftd |url-status=live }}</ref> The ''Financial Times'' launched a new weekly supplement for the fund management industry on 4 February 2002. ''FT fund management'' (FTfm) was and still is distributed with the paper every Monday. FTfm is the world's largest-circulation fund management title.<ref>{{cite web |url=http://www.pearson.com/news/2002/january/financial-times-to-expand-fund-management-coverage.html?article=true |title=Financial Times to expand fund management coverage with new weekly supplement |publisher=Pearson |date=28 January 2002 |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015160028/http://www.pearson.com/news/2002/january/financial-times-to-expand-fund-management-coverage.html?article=true |archive-date=15 October 2013 }}</ref> Since 2005 the ''FT'' has sponsored the annual [[Financial Times Business Book of the Year Award|''Financial Times'' Business Book of the Year Award]].<ref>{{cite web |url=http://www.ft.com/intl/cms/s/2/d61420c0-a83d-11d9-87a9-00000e2511c8.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/cms/s/2/d61420c0-a83d-11d9-87a9-00000e2511c8.html |archive-date=10 December 2022 |url-status=live |title=Why there is a need for this award |website=Financial Times |date=10 April 2005 |access-date=30 May 2012}}</ref> [[File:Financial Times building One Southwark Bridge.jpg|thumb|The former London offices of the ''Financial Times'' at [[Southwark Bridge Road|One Southwark Bridge]]|alt=|225x225px|left]] === "Refreshed" ''FT'' === On 23 April 2007, the ''FT'' unveiled a "refreshed" version of the newspaper and introduced a new slogan, "We Live in Financial Times".<ref>{{cite web |url=http://www.pearson.com/news/2007/april/financial-times-unveils-global-refresh.html?article=true |title=Financial Times unveils global refresh |publisher=Pearson |date=23 April 2007 |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015160110/http://www.pearson.com/news/2007/april/financial-times-unveils-global-refresh.html?article=true |archive-date=15 October 2013 }}</ref> In 2007 the ''FT'' pioneered a [[metered paywall]], which let visitors to its website read a limited number of free articles during any one month before asking them to pay.<ref>{{cite news |url=http://www.economist.com/node/18904178 |title=Special report: The news industry |newspaper=The Economist |date=7 July 2011 |access-date=15 October 2013 |archive-date=12 June 2018 |archive-url=https://web.archive.org/web/20180612170302/https://www.economist.com/node/18904178 |url-status=live }}</ref> Four years later the ''FT'' launched its [[HTML5]] mobile internet app. Smartphones and tablets now drive 12% of subscriptions and 19% of traffic to FT.com.<ref>{{cite web |url=http://aboutus.ft.com/2012/04/12/ft-web-app-hits-two-million-users/ |title=FT Web App hits two million users |work=Financial Times |date=12 April 2012 |access-date=15 October 2013 |archive-date=13 March 2017 |archive-url=https://web.archive.org/web/20170313053459/http://aboutus.ft.com/2012/04/12/ft-web-app-hits-two-million-users/ }}</ref> In 2012, the number of digital subscribers surpassed the circulation of the newspaper for the first time and the ''FT'' drew almost half of its revenue from subscriptions rather than advertising.<ref>{{cite web |last=Barber |first=Lionel |url=http://www.ft.com/intl/cms/s/2/6fce6e6e-711c-11e2-9d5c-00144feab49a.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/cms/s/2/6fce6e6e-711c-11e2-9d5c-00144feab49a.html |archive-date=10 December 2022 |url-access=subscription |url-status=live |title= FT at 125: The world in focus |work=Financial Times |date=12 February 2013 |access-date=15 October 2013}}</ref><ref>{{cite web |url=http://aboutus.ft.com/2013/01/03/gillian-tett-keynote-remarks-at-the-knight-bagehot-37th-anniversary-gala/ |title=Gillian Tett keynote remarks at the Knight-Bagehot 37th Anniversary Gala |work=Financial Times |date=3 January 2013 |access-date=15 October 2013 |archive-date=7 March 2016 |archive-url=https://web.archive.org/web/20160307121537/http://aboutus.ft.com/2013/01/03/gillian-tett-keynote-remarks-at-the-knight-bagehot-37th-anniversary-gala/ }}</ref> The ''FT'' has been available on [[Bloomberg Terminal]] since 2010<ref>{{cite web |url=http://www.pearson.com/news/2010/december/financial-times-now-available-on-bloomberg-professional.html?article=true |title=Financial Times now available on Bloomberg Professional |publisher=Pearson.com |date=6 December 2010 |access-date=15 October 2013 |archive-url=https://web.archive.org/web/20131015160108/http://www.pearson.com/news/2010/december/financial-times-now-available-on-bloomberg-professional.html?article=true |archive-date=15 October 2013 }}</ref> and on the [[Wiser.org|Wisers]] platform since 2013.<ref>{{cite web |url=https://aboutus.ft.com/en-gb/announcements/financial-times-launches-on-wisers-services/ |title=Financial Times launches on Wisers services |website=Financial Times |date=6 May 2013 |access-date=19 July 2017 |archive-date=18 October 2017 |archive-url=https://web.archive.org/web/20171018082357/https://aboutus.ft.com/en-gb/announcements/financial-times-launches-on-wisers-services/ |url-status=live }}</ref> From 2015, instead of the metered paywall on the website, visitors were given unlimited free access for one month, after which they needed to subscribe.<ref name="Guardian20190419"/><ref>{{cite news |title=Financial Times CEO John Ridding explains how to make people pay for media |first=Eric |last=Johnson |url=https://www.vox.com/2018/4/5/17200016/john-ridding-financial-times-ft-online-subscriptions-paywall-nikkei-peter-kafka-recode-media-podcast |newspaper=Recode.net |via=Vox |date=5 April 2018 |access-date=19 April 2020 |archive-date=1 August 2020 |archive-url=https://web.archive.org/web/20200801043704/https://www.vox.com/2018/4/5/17200016/john-ridding-financial-times-ft-online-subscriptions-paywall-nikkei-peter-kafka-recode-media-podcast |url-status=live }}</ref> Pearson sold the Financial Times Group to [[Nikkei, Inc.]] for [[Pound sterling|£]]844 million ([[US$]]1.32 billion) in July 2015.<ref name="BBC20150723"/><ref name="Guardian20150724"/><ref name="Nikkei20151130"/> In 2016, the ''Financial Times'' acquired a controlling stake in Alpha Grid, a London-based media company specialising in the development and production of quality branded content across a range of channels, including broadcast, video, digital, social and events.<ref>{{cite news|url=https://aboutus.ft.com/en-gb/announcements/ft-expands-content-marketing-studio-with-majority-stake-in-alpha-grid/|title=FT expands content marketing studio with majority stake in Alpha Grid|access-date=2 March 2018|archive-date=3 March 2018|archive-url=https://web.archive.org/web/20180303105637/https://aboutus.ft.com/en-gb/announcements/ft-expands-content-marketing-studio-with-majority-stake-in-alpha-grid/|url-status=live}}</ref> In 2018, the ''Financial Times'' acquired a controlling stake in [[Longitude Research|Longitude]], a specialist provider of [[thought leadership]] and research services to a multinational corporate and institutional client base.<ref>{{cite news|url=https://aboutus.ft.com/en-gb/announcements/financial-times-acquires-majority-stake-in-research-and-content-specialists-longitude/|title=Financial Times acquires majority stake in research and content specialists Longitude|access-date=2 March 2018|archive-date=2 March 2018|archive-url=https://web.archive.org/web/20180302225357/https://aboutus.ft.com/en-gb/announcements/financial-times-acquires-majority-stake-in-research-and-content-specialists-longitude/|url-status=live}}</ref> This investment built on the ''Financial Times''{{'}} recent growth in several business areas, including branded content via the acquisition of Alpha Grid, and conferences and events through ''Financial Times Live'' and extends the ''FT''{{'s}} traditional commercial offering into a wider set of integrated services. In 2020, reporter Mark Di Stefano resigned from the ''Financial Times'' after hacking into [[Zoom (software)|Zoom]] calls at other media organisations including ''[[The Independent]]'' and the ''[[Evening Standard]]''.{{citation needed|date=July 2024}} In 2020, the retraction of an opinion piece by a reporter for the ''Financial Times'' generated a controversy about the editorial independence of the paper from outside political pressure. The controversy followed the withdrawal by the newspaper's editor of an opinion piece by ''FT''{{'s}} Brussels correspondent Mehreen Khan that was critical of French President [[Emmanuel Macron]]'s policy towards Muslim minorities in France. The piece was withdrawn from the ''FT'' website on the same day as its publication.<ref>{{cite news |last=Oborne |first=Peter |date=10 November 2020 |title=Freedom of speech in France extends to Macron's critics as well |url=https://www.middleeasteye.net/opinion/freedom-speech-france-extends-macron-critics |work=Middle East Eye |access-date=4 July 2021 |archive-date=9 July 2021 |archive-url=https://web.archive.org/web/20210709184315/https://www.middleeasteye.net/opinion/freedom-speech-france-extends-macron-critics |url-status=live }}</ref> President Macron subsequently published a letter in the ''FT'' directly responding to the arguments of the original opinion piece, even though the original opinion piece was no longer available on the website of the newspaper.<ref>{{cite news |last=O'Leary |first=Naomi |date=11 November 2020 |title=Europe Letter: EU happy to celebrate or stigmatise Muslim immigrants when it suits agenda |url=https://www.irishtimes.com/news/world/europe/macron-helps-propel-far-right-ideas-to-heart-of-europe-1.4406805 |newspaper=The Irish Times |access-date=4 July 2021 |archive-date=9 April 2021 |archive-url=https://web.archive.org/web/20210409201309/https://www.irishtimes.com/news/world/europe/macron-helps-propel-far-right-ideas-to-heart-of-europe-1.4406805 |url-status=live }}</ref> The editor of the ''FT'', [[Roula Khalaf]], who took the decision to withdraw the initial article, acknowledged having been contacted by the [[Élysée Palace]] regarding the article, and defended her decision on the basis purely of several factual errors in the original piece by Mehreen Khan.<ref>{{cite AV media |people= Roula Khalaf and Amol Rajan |date=21 April 2021 |title= Roula Khalaf, editor of The Financial Times|medium= audio |url=https://www.bbc.co.uk/sounds/play/m000v8ww |access-date= 4 July 2021 |time= 14:20 minutes in |work= BBC Sounds}}</ref> ===Wirecard exposé=== {{main|Wirecard scandal}} In January 2019, the ''FT'' began a series of [[Investigative journalism|investigative articles]] detailing fraud suspicions at German payments group [[Wirecard]]. When the Wirecard share price plunged, German news media speculated that [[market manipulation]] was behind this attack on a German corporate, focusing on the lead author of the ''FT'' series, [[Dan McCrum]]. The Public prosecutor's office in [[Munich]] subsequently launched an investigation.<ref>{{cite news |url=https://www.faz.net/aktuell/finanzen/wirecard-ermittlungen-gegen-financial-times-journalisten-16047237.html |title=Staatsanwaltschaft ermittelt gegen einen Financial-Times-Journalisten |work=Frankfurter Allgemeine Zeitung |date=18 February 2019 |access-date=21 July 2019 |archive-date=26 February 2019 |archive-url=https://web.archive.org/web/20190226152550/https://www.faz.net/aktuell/finanzen/wirecard-ermittlungen-gegen-financial-times-journalisten-16047237.html |url-status=live }}</ref> After the formal complaint of an investor, Wirecard and the German [[Federal Financial Supervisory Authority]] (BaFin), the responsible state's attorney announced investigations into several ''FT'' journalists.<ref>{{cite news |url=https://www.handelsblatt.com/finanzen/banken-versicherungen/zahlungsdienstleister-wirecard-erhebt-schwere-anschuldigungen-gegen-die-financial-times/24681644.html |title=Wirecard erhebt schwere Anschuldigungen gegen die 'Financial Times' |work=Handelsblatt |date=21 July 2019 |access-date=21 July 2019 |archive-date=22 July 2019 |archive-url=https://web.archive.org/web/20190722155343/https://www.handelsblatt.com/finanzen/banken-versicherungen/zahlungsdienstleister-wirecard-erhebt-schwere-anschuldigungen-gegen-die-financial-times/24681644.html |url-status=live }}</ref> On 22 June 2020 and after 18 months of investigations and an external audit, Wirecard announced that €1.9 billion worth of cash reported in its accounts "may not exist". The company subsequently filed for [[insolvency]].<ref>{{cite news |title=Wirecard investors set for legal battle as accounting questions mount |url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/wirecard-investors-set-for-legal-battle-as-accounting-questions-mount-59114712 |access-date=26 June 2020 |work=S&P Global |date=26 June 2020 |language=en-US |archive-date=29 June 2020 |archive-url=https://web.archive.org/web/20200629120404/https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/wirecard-investors-set-for-legal-battle-as-accounting-questions-mount-59114712 |url-status=live }}</ref> BaFin itself became subject of a [[European Securities and Markets Authority]] investigation for its response to the scandal.<ref>{{cite news |last=Davies |first=Pascale |title=EU to investigate German financial watchdog over Wirecard scandal |url=https://www.euronews.com/2020/06/25/wirecard-goes-bust-amid-german-accounting-scandal |access-date=27 June 2020 |publisher=Euronews |date=25 June 2020 |archive-date=27 June 2020 |archive-url=https://web.archive.org/web/20200627061543/https://www.euronews.com/2020/06/25/wirecard-goes-bust-amid-german-accounting-scandal |url-status=live }}</ref> === Fossil fuel advertising === An investigation by [[the Intercept]], [[the Nation]], and [[DeSmog]] found that ''FT'' is one of the leading media outlets that publishes advertising for the [[fossil fuel]] industry.<ref name=intercept20231205>{{cite news|date=5 December 2023|author=Amy Westervelt & Matthew Green|url=https://theintercept.com/2023/12/05/fossil-fuel-industry-media-company-advertising/|title=Leading News Outlets Are Doing the Fossil Fuel Industry's Greenwashing|publisher=The Intercept|access-date=1 September 2024}}</ref> Journalists who cover [[climate change]] for ''FT'' are concerned that [[conflicts of interest]] with the companies and industries that [[Causes of climate change|caused climate change]] and [[climate change denial|obstructed action]] will reduce the credibility of their reporting on climate change and cause readers to downplay the [[climate crisis]].<ref name=intercept20231205 />
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