High-Stakes Deals and Diplomatic Developments: Financial Times Highlights

The Financial Times reveals key business developments: a nearing UK trade deal with Gulf states, Nvidia's $1 billion investment in Nokia, and Thermo Fisher's potential $10 billion acquisition of Clario. The UK plans new regulations in the gig economy to prevent illegal work. Financial highlights dominate the news.

In significant financial developments, a UK trade deal with Gulf states is reportedly close to completion following Rachel Reeves' participation in the 'Davos in the Desert' conference in Saudi Arabia. Her visit signals stronger economic ties and potential trade benefits for Britain with these Gulf nations.

Meanwhile, Nvidia is set to invest $1 billion in Nokia, with the U.S. chip manufacturer aiming to become a major shareholder of the Finnish telecom operator. This investment underscores Nvidia's aggressive strategy of expanding its global influence through strategic partnerships and acquisitions.

In another headline, Thermo Fisher Scientific is on the verge of acquiring Clario, a drug trial software company, in a deal possibly valued at $10 billion. The UK government also plans to tackle illegal gig economy practices by proposing that companies like food delivery services ensure their workers are legally employed.

(With inputs from agencies.)