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The Latest Breaking News from FT

Wednesday briefing: What Jaguar’s radical rebrand reveals about the shift to electric cars

In today’s newsletter: The iconic British carmaker has been accused of going ‘woke’ after releasing an electric model in pink, upsetting petrol heads and traditionalists everywhere

The Guardian - UK

U.S. ratchets up sanctions to curtail China's AI and military tech — no more HBM memory for China

U.S. sanctions designed to restrict China's ability to import technologies to advance of its AI and military capabilities have been strengthened for the third time.

Tom’s Hardware

Wall Street may now have to take Trump literally as the battle for Treasury secretary focuses on a centerpiece campaign pledge

Trump's advisers are seeking assurances from the top Treasury candidates that they are committed to his aggressive tariffs, sources told the FT.

Fortune

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'Roaring 20s' on Wall Street could extend into the 2030s after Republican sweep, market veteran says

"We're sticking with our investment recommendation to Stay Home rather than to Go Global. In other words, overweight the US in global stock portfolios."

Fortune

TSMC to stop supplying advanced AI processors for all of its China customers: Report

After accidentally producing AI chiplet for Huawei via proxy, TSMC is reportedly set to suspend production of advanced AI processors for all of its Chinese customers.

Tom’s Hardware

RFK Jr. could play a big role under Trump—and Big Pharma is sounding the alarm

One senior executive from the healthcare sector told the Financial Times his influence on policy would be “awful on a lot of levels."

Fortune

Meta's plans to build a new, nuclear-powered data center for AI fell through because of rare bees

Meta's plans for a new data center were scuttled by environmental complications.

Fortune

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Financial watchdog warns it will ‘take action’ against Crispin Odey

The FCA said Mr Odey’s response to allegations of sexual misconduct breached its rules and ‘lacked integrity’.

Evening Standard

Scheme to boost French school trips to Britain ‘at risk’ under new UK entry rules

Trade body for France’s travel industry reportedly writes to UK home secretary over concerns for programme’s future

The Guardian - UK

Crispin Odey rejoins hedge fund after leaving amid misconduct claims in 2023

Tycoon reappointed as director at Odey Asset Management, after leaving in June last year following reports of harassment and assault complaints.

Evening Standard

EY fired dozens of staff members who attended 2 video training meetings simultaneously

EY has already been forced to pay dearly for employees who abuse internal training and testing systems.

Fortune

Uber Reportedly Mulls Expedia Takeover. Why One Analyst Is Skeptical It Would Work For Uber.

Uber is considering an Expedia takeover bid, the FT reported. CEO Dara Khosrowshahi was once Expedia's CEO. Uber stock fell overnight. Expedia jumped.

Investors Business Daily

US group Advent International ‘preparing bid for Tate & Lyle’

Shares in food company jump 13% after reports Advent is in early stages of preparing an offer

The Guardian - UK

No 10 rejects claim Labour misled voters about tax plans in manifesto – as it happened

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

The Guardian - UK

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Fortune

Employers fear free MBAs will make staff leave—they're probably right

MBA students are increasingly opting to quit their jobs to form startups, so bosses have stopped footing the bill.

The Guardian - UK

Outside Frieze’s big tent, the London art world faces severe headwinds

Galleries have closed and auction sales are down as Brexit boosts European events such as Art Basel Paris

Louder

Pink Floyd agree to sell music rights to Sony in deal worth 400 million dollars

After years of discussions, Pink Floyd have finally sold the rights to their recorded music

The Guardian - UK

Peak luxury: how long can London’s grand hotel boom last?

From basement builds to rooftops, revamped Whitehall ministries and once-were embassies, the capital’s hotels are in an opulence arms race to lure exacting guests

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International Business Times

Levi Strauss Sees Delay In Reaching $10 Billion Revenue Goal By 2027: Report

Levi Strauss may be delayed in its goal of reaching $10 billion in revenues by 2027.

Evening Standard

'My kids won't suffer': Ed Balls on surname bullying trauma

The ex Labour politician chose not to give his children his surname

The Guardian - UK

Starmer’s free tickets for Arsenal and Taylor Swift part of job, says minister

Business secretary, Jonathan Reynolds, defends PM over gifts he has received since becoming Labour leader

The Guardian - UK

Starmer’s £100,000 in tickets and gifts more than any other recent party leader

Prime minister has come under fire recently for clothing, accommodation and glasses provided by Waheed Alli

TechRadar

Report claims renting slower Nvidia AI GPUs is cheaper in China than in the US — but that's thanks to some rather surprising underhand strategies

Report claims that renting slower Nvidia AI GPUs is cheaper in China than in the US

The Guardian - UK

Government urged to help as shipmaker Harland & Wolff prepares to enter administration – as it happened

Steps are now being taken to reduce headcount at Harland & Wolff, as board concludes the company is insolvent

Fortune

China's startup scene is dead as investors pull out—'Today, we are like lepers'

"The whole industry has just died before our eyes. The entrepreneurial spirit is dead. It is very sad to see."

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People

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