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Latest news from trusted sources around the world
OpenAI’s foundation to spend $250mn on research into AI’s impact on economy
First indication of how group will deploy its cash after vowing in March to hand out $1bn over 12 months
Doctors in England to strike for 4 days in June
Walkout over pay by British Medical Association will be 16th in three years
Securitisation could help plug Europe’s funding gap
Deeper capital markets are essential to the continent’s growth
US Stocks Slip as White House Rejects Iran Peace Deal Reports
US stocks shuffled between gains and losses on Wednesday, as strategists lifted their S&P 500 year-end targets following a strong earnings season and traders weighed …
FirstFT: Trump’s Board of Peace is stuck in limbo
Also in today’s newsletter: Trump-backed firebrand wins in Texas and BP’s boardroom shake-up
Six countries ask EU to shield heavy industry from carbon costs
Poland, Czech Republic and others call for more emissions permits given global crises and high energy prices
Labour needs a serious intellectual revival
Party’s commitment to ambitious pledges before election narrowed its room for manoeuvre
Salesforce Earnings Can Put AI Fears to Bed, Give Stock a Lift
While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could …
Meloni Told by IMF That Italy’s Energy Aid Must Be More Targeted
Italian Prime Minister Giorgia Meloni got told by the International Monetary Fund that her government’s energy aid should target poorer families rather than apply to …
Germany’s Reiche Tells EU to Avoid Harming Exports to China
German Economy Minister Katherina Reiche said the European Union should ensure that any measures it applies on Chinese trade don’t harm the bloc’s exports to …
Trump risks triggering financial crisis with Iran war, warns ECB
Vice-president Luis de Guindos says Washington’s volatile trade policies and reduced co-operation also threaten stability
Merz Advisers Slash German Outlook, See Faster Inflation
Economic advisers to German Chancellor Friedrich Merz almost halved their forecast for growth this year as the war in the Middle East and US trade …
HK Banks Tighten Scrutiny of Chinese Clients After Curbs
Hong Kong banks are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts, part of a broader push to stem capital flight …
Samsung workers set for $400,000 bonus after deal to share AI profits
Agreement with union ends wrangling over how to share spoils of boom at memory-chip maker
Global Aluminum Rally Could Draw Record Exports From China
The rally in the global aluminum market could spur record outflows from China, where elevated prices are capping consumption.
Japan 40-Year Bond Sale Sees Firmer Demand Than 12-Month Average
Japan’s 40-year government bond auction drew stronger demand than its 12-month average, as higher yields attracted investors despite inflation concerns driven by the Middle East …
Trump-backed candidate ousts Republican senator in Texas primary
Decisive victory for controversial attorney-general Ken Paxton shows US president’s enduring hold on Republican Party
Adani Power Drives Group Shares Rebound as Heat Wave Boosts India Energy …
Adani group companies are closing in on a combined market value of $200 billion.
The world’s biggest EV maker weans itself off supply-chain finance
Borrowings soar as BYD bows to Beijing’s pressure on treatment of component suppliers
Memory Chip Frenzy Sends SK Hynix, Micron Into $1 Trillion Club
The breakneck surge in memory-chip stocks is intensifying, sending the market capitalizations of SK Hynix Inc. and Micron Technology Inc. above $1 trillion for the …
Gold Declines as Middle East Risks Reinforce Higher Rates Bets
Gold fell for a second day as concerns that continued conflict in the Middle East will prolong inflation and keep borrowing costs elevated outweighed prospects …
Bezos’s Blue Origin secures $468mn in Nasa Moon Base contracts
SpaceX absent from first round of commercial agreements for US space agency’s $20bn project
UK imposes sanctions on crypto exchange tied to billionaire Justin Sun
Foreign Office announces measures against Huobi among several entities it says helped Russia evade economic pressure
Stocks Extend Highs on AI Optimism as Oil Slides: Markets Wrap
The rally in US stocks is set to stretch into a fifth day as optimism around artificial intelligence, lower oil prices and easing bond yields …
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