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World News Feed

Latest news from trusted sources around the world

Economy Financial Times
Bezos’s AI lab nears $38bn valuation in funding deal

Company code-named Project Prometheus is working on models for industrial applications

Economy Financial Times
Anthropic and Amazon agree $100bn AI infrastructure deal

Start-up behind Claude tool seeks to bulk up on chips and computing power after suffering outages this year

Economy Financial Times
Apple CEO Tim Cook to hand over to John Ternus in September

Head of hardware to become Apple’s next chief executive while Cook will become iPhone maker’s chair

Economy Financial Times
The M&A strategy behind Berkshire Hathaway’s tie-up with Tokio Marine

Deal with non-life insurer is first investment in Japan beyond trading houses for Warren Buffett’s conglomerate

Economy Financial Times
Heathrow can raise airline fees to pay for third runway bid, regulator …

Civil Aviation Authority’s draft decision comes despite criticism from carriers over airport’s expansion project

Economy Financial Times
Starmer accused of scapegoating officials over Mandelson scandal

UK prime minister fends off calls to quit in chastening House of Commons debate

Economy Financial Times
Trump’s call to deregulate psychedelics boosts drugmakers’ shares

Stock in UK-based Compass Pathways jumps to highest level in two years following president’s executive order

Economy Financial Times
US Export-Import Bank boosts energy lending during Iran conflict

Trade finance agency ‘inundated’ with requests to support US oil and gas exports, says president John Jovanovic

Economy Financial Times
New York $3mn literature trove returned to Whitney heirs 40 years after …

Rare books collection, including work by John Keats and Oscar Wilde, will be auctioned

Economy Financial Times
Data centre hopeful Fermi’s shares plunge as top executives quit

Company co-founded by former Trump energy secretary beset by setbacks including loss of $150mn Amazon investment

Economy Financial Times
Gaza reconstruction to cost more than $70bn, officials say

First damage assessment since US-backed ceasefire comes as progress on peace plan stalls during Iran war

Economy Financial Times
Reform UK vows to deport hundreds of thousands of refugees

Nigel Farage’s party has looked to Donald Trump’s immigration crackdown as a model

Economy Financial Times
Starmer says ‘deliberate decision’ made to withhold Mandelson vetting from him

PM addresses the Commons about officials’ failure to share findings of security checks

Economy Financial Times
Starmer set for vetting showdown with ‘heartbroken’ Olly Robbins

PM will address House of Commons amid dispute over whether officials should have shared details of Peter Mandelson’s security checks

Economy Financial Times
China sends warships to Pacific as Japan tensions grow

Tokyo joins annual US-Philippine military drills and is deploying troops, ships and aircraft

Economy Financial Times
The Mandelson affair is about the government’s judgment, not process

Discussion of vetting and procedure is part of the excuse but not the core of the difficulty

Economy Financial Times
UniCredit steps up pursuit of Commerzbank with new plan

Andrea Orcel says German lender risks becoming ‘increasingly unfit’ for rapidly changing banking market

Economy Financial Times
ECB frontrunner Hernández de Cos is most qualified candidate for top job, …

Former Spanish central bank chief ranks first in poll of monetary policy experts in ‘tight race’ for Lagarde succession

Economy Financial Times
US navy seizes Iranian ship after it breaches blockade

Oil price jumps as Washington and Tehran give conflicting accounts of whether new peace talks are set to begin

Economy Financial Times
China does have one powerful lever to boost consumption

A permanent cut in the payroll tax could benefit workers and the world

Economy Financial Times
Property asking prices rise in April despite higher UK mortgage rates

Increase indicates resilience in housing market even as Iran war led to surge in energy costs

Economy Financial Times
Foreign carmakers turn to Chinese technology to remain relevant

Western executives hope ‘in China for China’ strategy will halt sales decline in world’s largest car market

Economy Financial Times
FirstFT: US navy seizes Iranian ship that defied blockade, says Trump

Also in today’s newsletter: pro-Russia ex-president on course to win Bulgaria’s elections, and Brussels pushes remote working to ease energy crisis

Economy Financial Times
Starmer battles for Downing Street future amid Mandelson vetting scandal

Prime minister’s statement to MPs will come ahead of testimony from sacked Foreign Office head Olly Robbins

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