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The Latest Breaking News from FT

Nigel Farage responds to claim he called Reform election pact with Tories ‘inevitable’

It comes after reports Farage told donors that a Reform-Tory pact is ‘inevitable’

The Independent UK

‘Failed former Tory MPs’ who join Reform unlikely to be selected as candidates, Zia Yusuf says – as it happened

This week it was announced that three more former Tory MPs have gone over to Nigel Farage’s party

The Guardian - UK

Farage tells donors he expects Reform to do election deal with Tories – report

One donor tells FT that Reform leader described an agreement as ‘inevitable’, despite denials from both sides

The Guardian - UK

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Accenture dubs 800,000 staff ‘reinventors’ amid shift to AI

Consultancy’s move to embrace artificial intelligence follows Disney’s use of the term ‘imagineers’

The Guardian - UK

Analysis: OpenAI is a loss-making machine, with estimates that it has no road to profitability by 2030 — and will need a further $207 billion in funding even if it gets there

A recent analysis by major bank HSBC suggests that OpenAI's future revolves around debt accumulation, as companies increasingly turn to speculation to fuel the AI company's compute hunger.

Windows Central

JP Morgan boss gave go-ahead for new £3bn tower in London after UK assurances

Decision by US bank’s CEO Jamie Dimon followed trip to New York by top adviser to Keir Starmer

The Guardian - UK

Bank shares rise after reports they will be spared tax hike amid growth mission

Banks were thought to have been in the firing line through a potential increase to the bank levy.

Evening Standard

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Zelenskyy says Ukraine ready to move forward with US plan and discuss ‘sensitive points’ with Trump - as it happened

Ukrainian leader says that talks should also include European allies; Trump says deal is close

The Guardian - UK

Major insurers move to avoid liability for AI lawsuits as multi-billion dollar risks emerge — Recent public incidents have lead to costly repercussions

Major insurers are moving to ring-fence their exposure to artificial intelligence failures, after a run of costly and highly public incidents pushed concerns about systemic, correlated losses.

Tom’s Hardware

'Let the rich buy their own bikes' – Here's how you responded to a Cycle to Work spending cap proposal

Limit expected to be announced in the government's Autumn Budget next week

Cycling Weekly

Leading law firm cuts London back-office staff as it embraces AI

Clifford Chance makes about 50 roles redundant, and PwC indicates that AI may lead to fewer hirings

The Guardian - UK

What do we know about the reported US-Russian plan to end the Ukraine war?

Full details are not yet clear but 28-point deal is believed to include proposal for Ukraine to hand territory to Russia

The Guardian - UK

Bitcoin price plunges, wipes $1 trillion from value weeks after it hit all-time high — prices now near lowest level for the year, erasing 2025 gains

Bitcoin falls to below $90,000 for the first time in recent months, largely driven by sell-offs by leveraged investors.

Tom’s Hardware

Apple is ramping up succession plans for CEO Tim Cook and may tap this hardware exec to take over, report says

John Ternus, Apple's senior VP of hardware engineering, could take control of the company as soon as next year, sources told the Financial Times.

Fortune

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The Guardian - UK

Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn

The Guardian - UK

Rachel Reeves to abandon plans to raise income tax rates in budget

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turn

Benzinga

Cameron Winklevoss Digs Up News Report From 2013 To Make A Point About Bitcoin: 'You Will Miss Out On The World's Greatest Opportunities...'

Gemini co-founder Cameron Winklevoss took potshots Sunday at the British daily newspaper Financial Times for its 12-year-old article that predicted Bitcoin (CRYPTO: BTC) would become the next “bubble.”

The Independent UK

Putin ‘sidelines’ Russia’s veteran foreign minister after ‘blaming him for collapse of Trump summit’

Putin and Trump were expected to meet in Hungary - until Lavrov spoke with Marco Rubio last month

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news in one place.

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Windows Central

"China is going to win the AI race" — NVIDIA CEO makes his boldest claim yet before backtracking hours later

NVIDIA CEO Jensen Huang was recently quoted as saying that China will win the AI race, before clarifying his comment in a separate X post. Was it a slip of the tongue, or was it real foresight?

The Guardian - UK

‘There is no money’: As carbon markets collapse, what happens to the forests they promised to protect?

After it was found most offsets did not represent real carbon reductions, the money dried up. But successful schemes such as Kasigau in Kenya now face a stark future

Euronews

France may block Shein for childlike sex dolls as it opens Paris store

French authorities warned they may block access to Shein after it emerged that the online fast-fashion giant had been selling sex dolls with a childlike appearance.

Kiplinger

Eight Steps to Help Get You Through the Open Enrollment Jungle at Work

Wondering how to survive open enrollment this year? Arm yourself with these tools to cut through the process and get the best workplace benefits for you.

The Independent UK

Rachel Reeves ‘eyes tax raid on expensive homes’ in crunch Budget

Mansions and other high value houses in Labour chancellor’s sights as she prepares for crucial Budget later this month

PC Gamer

'On a scale of 0-10... the meeting was a 12': The US and China have agreed on a one-year trade truce after Trump's meeting with Xi Jinping, although Nvidia Blackwell wasn't on the table

'Every year, we will review the deal, but I think the deal will go . . . long beyond a year' said Trump.

The Guardian - UK

US debt set to soar above Italy and Greece after Trump’s ‘big, beautiful bill’

While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing

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