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The Latest Breaking News from FT

ECB says 'no decision made' on Lagarde's potential early exit amid reports

Reports on Wednesday indicated Christine Lagarde could step down as ECB President before her mandate expires in October 2027. The ECB asserted that no decision has been made and that the President is focused on her mission, in a response to Euronews.

Euronews

One of Stanford's original AI gurus says productivity liftoff has begun after doubling in 2025 amid transition to 'harvest phase' along J-curve

"We are transitioning from an era of AI experimentation to one of structural utility."

Fortune

Metals retreat on reports Trump may soften aluminium tariffs

The metal fell in morning trade alongside zinc, nickel, and lead as investors digested reports the White House could ease duties ahead of November’s midterms.

Euronews

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Trump ‘plans to roll back’ some metal tariffs; US inflation weaker than expected in January - business live

Rolling coverage of the latest economic and financial news

The Guardian - UK

Microsoft confirms plan to ditch OpenAI — as the ChatGPT firm continues to beg Big Tech for cash

Google Deepmind co-founder and Microsoft AI lead Mustafa Suleyman suggests that the big tech firm is moving away from OpenAI reliance, as the latter's financials look increasingly dire.

Windows Central

Microsoft might be getting U.S. tariff exemptions on chips supplied by TSMC — potentially dramatically lowering costs

One of the biggest problems facing Microsoft's capex pertains to chip tariffs, and the U.S. might finally be waking up to the self-inflicted pain it's causing.

Windows Central

Furious JP Morgan staff push back at CEO Jamie Dimon’s 5-day office return edict

About 2,000 employees have signed a petition asking for the return-to-office mandate be dropped

The Independent UK

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Stocks close higher as pressure mounts on Starmer

The leader of Scottish Labour, Anas Sarwar, has said Sir Keir Starmer should quit.

Evening Standard

Not only in India, US embassy in London denying visas to executives citing 'minor offences' of 1970s

Immigration lawyers in London are turning away clients with any criminal history as they know the US embassy in London will reject these visas no matter what positions these visa seekers hold or their purpose of visit to the US. Financial Times reported that the US embassy in London is…

The Times of India

‘Blame me’: what the UK papers say as Morgan McSweeney quits over Mandelson-Epstein scandal

British papers explore what’s next for prime minister Keir Starmer after the loss of his longtime adviser over the Mandelson-Epstein files scandal

The Guardian - AU

Barclays reportedly cuts ties with lobbying firm co-founded by Peter Mandelson

Vodafone also reviewing its contract with Global Counsel after revelations of former minister’s links to Jeffrey Epstein

The Guardian - UK

Ukraine ‘ready to play ball’ on peace deal but Russia ‘creating chaos’ with its attacks, says Nato chief – as it happened

Mark Rutte and Volodymyr Zelenskyy hold joint press conference as air alert sirens blare across Kyiv

The Guardian - UK

Tesla's Latest Approach Isn't Working

Tesla's new cheap variants fail to lift its fortunes in Europe. Plus: Is Ford really teaming up with Xiaomi?

InsideEVs

UK investor Michael Flacks ‘very interested in British Steel takeover’

Businessman, who says he is a ‘big, bullish believer’, would combine Scunthorpe steelworks with Italian plant

The Guardian - UK

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Fortune

‘We’re not in a bubble yet’ because only 3 out of 4 conditions are met, top economist says. Cue the OpenAI IPO

Owen Lamont told Fortune about his “Four Horsemen” of the bubble apocalypse, and one hasn’t left the stable yet.

The Independent UK

Trump officials have met with Canadian separatist group that wants to break off from rest of country, report says

The group says it has met with ‘very, very senior people,’ according to the report

The Times of India

The Khamenei question: Can Trump’s ‘beautiful armada’ take out Iran's Supreme Leader?

US President Trump is escalating pressure on Iran with a significant naval deployment and threats of severe retaliation for any attacks. He's considering targeted strikes, even on top leadership, aiming for a regime change similar to Venezuela. Iran warns of a powerful response, while regional allies express deep concern over…

The Guardian - UK

Universal basic income could be used to soften hit from AI job losses in UK, minister says

Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries

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news in one place.

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The Guardian - UK

YouTube criticised after pulling out of UK TV audience measurement

Owner Google moves to block Barb data access months after allowing 200 channels to be monitored

The Independent UK

US ‘tells Ukraine that security guarantees will only be given in return for Donbas’

European officials fear that Washington is attempting to place pressure on Kyiv after trilateral talks in Abu Dhabi

The Guardian - UK

SpaceX mulls $1.5tn IPO timed to ‘align with Musk’s birthday and the planets’

World’s richest person targeting symbolic date in June for flotation of rocket company

Fortune

Before California, France tried a wealth tax. Macron repealed it after rich people fled the country instead of paying

A 20-year French experiment with a wealth tax ended with mixed results, but its removal created problems of its own.

The Times of India

Xi Jinping’s 'Sacred Games': Why China’s leader keeps purging PLA generals

“Sab marr jaayenge, sirf Trivedi bachega.”

Tom’s Hardware

Ambitious 170 km long Saudi megacity 'The Line' has scope slashed and may be repurposed as AI data center hub — futuristic desert city was set to house 9 million people, and showcased polarizing sci-fi design

New reports suggest Saudi Arabia is drastically reducing the scale of megaproject 'The Line',' possibly pivoting its future to become a hub for AI data centers.

The Independent UK

Saudi Arabia ‘scales back plans for 100-mile desert megacity’ after concerns raised over billions spent

A Saudi official said last year that the government had ‘spent too much’ on its flagship project

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