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The Latest Breaking News from FT

FTSE 100 hits new high despite worries over potential US government shutdown

Without Congress passing a bill to fund federal operations before midnight Tuesday night, the government will partially close up shop.

Evening Standard

Trump's Son-In-Law Jared Kushner Plays Major Role In $55 Billion EA Acquisition, Affinity Partners To Snag 5% Stake: Report

U.S. President Donald Trump's son-in-law, Jared Kushner, was reportedly instrumental in brokering the $55 billion take-private deal for Electronic Arts (NASDAQ:EA), and his investment company will own a 5% stake in the video game publisher.

Benzinga

'Moscow military spy ship' seen mapping and surveilling NATO undersea cables — 'She’s following cable lines and pipelines, making stops. We are monitoring her very closely

A new report documents how a Russian military spy ship has been tracked surveilling and mapping undersea cables in Europe's Atlantic coastline.

Tom’s Hardware

From analysis to the latest developments in health,
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Labor Shortages Will Drive Prices Higher in the Coming Years — Policymakers Say Immigration Is The Only Fix

The world's leading economics may not have enough workers to drive growth and keep inflation under control and migrant workers may be able to fill in the gaps, policymakers said last month at the Federal Reserve's annual gathering in Jackson Hole, Wyoming.

Benzinga

Political unease sparks increase in UK bond yields as FTSE 100 dips

The possibility of a political challenge to Sir Keir Starmer could put the pound under pressure, analysts warned.

Evening Standard

Labour humiliated as Keir Starmer fails on US tariff deal – despite claim it was done

KEIR Starmer has been embarrassed after his much-trumpeted pledge to cut US tariffs on UK steel to zero failed ...

The National (Scotland)

Alibaba And SMIC Power Beijing's Bid To End Reliance On Nvidia And ASML

Alibaba Group Holding Ltd. (NYSE:BABA) shares advanced in premarket trading Wednesday after reports that the company secured China Unicom as a major client for its artificial intelligence chips.

Benzinga

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US And UK Move Toward Joint Crypto Regulatory Framework

US officials see the effort as a way to keep dollar-denominated stablecoins competitive globally, while UK regulators want to make London a hub for digital asset finance post-Brexit.

International Business Times

65-year-old retirees in France now have higher incomes than working-age adults—meanwhile, American boomers can't even afford to retire

While the French are enjoying higher wages in retirement than the country’s workers, nearly a fifth of American retirees are “struggling” or “living the nightmare.”

Fortune

Speaker raps Stephen Flynn after eviscerating speech on Mandelson-Epstein scandal

SNP Westminster leader Stephen Flynn was warned about language after he quoted Peter Mandelson and described Jeffrey Epstein’s criminal acts…

The National (Scotland)

UK Health department 'considering return to disastrous PFI scheme'

THE Department of Health and Social Care has reportedly sounded out private investors to build health centres in England, which could see a return…

The National (Scotland)

‘Your friends love you,’ Mandelson told Epstein after 2008 charges, emails show

UK’s ambassador to US wrote ‘your friends love you’ in 2008 as financier charged with procuring child for prostitution

The Guardian - UK

Starmer creates ‘Budget board’ to boost economic growth and keep businesses onside

Starmer’s ‘budget board’ is part of his reset following the resignation of Angela Rayner last week

The Independent UK

George Osborne ‘to miss out on big windfall’ from sale of investment bank

Former chancellor is now partner at Robey Warshaw but is expected to move to part-time role, report says

The Guardian - UK

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Fortune

'Godfather of AI' says the technology will create massive unemployment and send profits soaring — 'that is the capitalist system'

"We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad."

The Guardian - UK

‘Existential crisis’: how Google’s shift to AI has upended the online news model

Media sites are taking action on several fronts as traffic referrals dry up and AI companies plunder their content

Benzinga

ExxonMobil Faces Tough Choices In Europe As Competition From China Intensifies

ExxonMobil (NYSE:XOM) stock is trading lower on Friday after reports indicating the company plans to sell parts of its European chemical business. The industry struggles with U.S. tariffs, high energy costs, and growing competition from China.

Benzinga

OpenAI To Mass-Produce 1st Proprietary AI Chip With Broadcom, Secures $10 Billion Deal: Report

OpenAI is set to begin mass production of its first proprietary artificial intelligence chip next year through a partnership with Broadcom Inc. (NASDAQ:AVGO), marking a strategic shift away from its reliance on Nvidia Corp. (NASDAQ:NVDA) amid surging demand for artificial intelligence computing power.

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The Independent UK

Giorgio Armani death latest: Julia Roberts and Donatella Versace react to legendary Italian designer’s death

Tributes are pouring in for the Italian designer

Evening Standard

Lloyds to put thousands of staff at risk of dismissal in performance drive

The banking group plans to change how it monitors the performance of its employees and manages staff turnover within the business.

The Independent UK

Thousands of Lloyds Banking Group staff at risk of losing jobs in push for ‘high-performance culture’

The banking group plans to change how it monitors the performance of its employees and manages staff turnover

Evening Standard

EU chief Ursula von der Leyen's plane 'hit by Russian GPS jamming attack'

The suspected attack disabled GPS navigation services at a Bulgarian airport forcing the pilot to land the plane using only paper maps

The Independent UK

Ukraine-Russia war latest: Top EU leader’s plane forced to land blind after suspected Russian GPS jamming

Pilots driving a plane carrying European Commission head Ursula von der Leyen were forced to use paper maps to land

The Guardian - AU

Ukraine war briefing: Europe drawing up plans for troop deployment; Zelenskyy vows retaliation for drone strikes

Ursula von der Leyen says troops will have backing of US capabilities; Ukrainian president says ‘new deep strikes’ planned on Russia after drone attacks on energy infrastructure

Evening Standard

Banks hold FTSE 100 back on windfall tax worry

The FTSE 100 index closed down 29.48 points, 0.3%, at 9,187.34.

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