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The Latest Breaking News from FT

Why is Apple facing a €500m fine from EU over music streaming?

European Commission will reportedly hand down punishment after tech organisation imposed ‘unfair trading conditions’ in the music streaming market

The Guardian - UK

Has Crispin Odey struck gold?

It was not a great 2023 for City stalwart Crispin Odey. The former Harrow and Oxford boy was kicked out of his own business, Odey Asset Management, before the firm eventually closed down after investors yanked their cash out of it as fast as they could.

Evening Standard

EDF takes €12.9bn hit after Hinkley Point C delays and cost overruns

French energy firm swung to profit in 2023 despite impairment charge on struggling nuclear project in UK

The Guardian - UK

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Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

The Guardian - UK

ISB ranked first in India, 31st globally in FT Global MBA Ranking 2024

Indian School of Business (ISB) ranked 1st in India and 31st globally in the Financial Times Global MBA Ranking 2024.

The Hindu

Wednesday briefing: Why Ukrainian military chief Valerii Zaluzhnyi is on the brink of being forced out

In today’s newsletter: After a week of speculation, Volodymyr Zelenskiy said he was ready to replace his military chief – why, and what now?

The Guardian - UK

For all his obsession with innovation, Peter Thiel has some stone-age views

The billionaire is bankrolling a pro-drugs version of the Olympics, but does he care about the whole women-having-rights thing? Nah

The Guardian - US

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As EU leaders grow visibly irritated, has Viktor Orbán overplayed his hand?

After years of punching above his weight on the international stage, Hungary’s far-right leader may be seeing the limits of his influence

The Guardian - UK

Secret EU plan ‘to sabotage Hungarian economy’ revealed as anger mounts at Orbán

Brussels’ fury grows over Budapest’s ‘policy of blackmail’ in continuing to hold up £50bn support package

The Guardian - UK

Apple is ramping up AI acquisitions and recruitment ahead of rumored Siri 2.0 reveal at WWDC 2024

Apple has made more AI-related acquisitions than its competitors in recent years and is heavily recruiting in the generative AI space.

Tom’s Guide

British Library begins restoring digital services after cyber-attack

UK’s national library apologises to researchers, saying full recovery could take until end of the year

The Guardian - UK

Single Chinese factory reportedly repurposed over 4,000 Nvidia RTX gaming cards into AI accelerators in December

Several factories in China have been busy repurposing Nvidia GeForce RTX gaming graphics cards to create dedicated AI accelerators, with one manager saying that more than 4,000 Nvidia RTX gaming cards were disassembled in December alone.

Tom’s Hardware

Microsoft rides the AI wave to a $2.9 trillion market cap, beating Apple as the most valuable corporation on Earth

A number so large I can't even fit it in my head.

PC Gamer

AI isn’t coming for your job, but it’s definitely going to be your new coworker

Deloitte is giving 75,000 of its workers an AI chatbot in an effort to increase productivity. It’s part of a much larger wave.

Fortune

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Fortune

Effective altruism's fundamental flaw

Why the EA movement is both promising and problematic.

The Guardian - UK

Footsie turns 40: FTSE 100’s rise, rise and stagnation over four decades

The index grabbed attention from the start, but shows its age as 21st-century tech stocks go elsewhere

Evening Standard

The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

Fortune

British startups should be kept on home soil, says top bank boss, who notes U.S. buyouts are getting all the glory with none of the risk

“We don’t want to be an incubator economy taking all the risk of these very, very tiny companies, and then not able to capitalize on that,” says BBB’s Stephen Welton.

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news in one place.

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TechRadar

Panic stations: why streaming's set for big changes in 2024

The problem with streaming is simple: there are too many streamers and not enough subscribers

International Business Times UK

OpenAI Redefines Relationship With Microsoft On Updated Website

The complex relationship between Microsoft and OpenAI includes competing with each other, sharing IP and investing billions of dollars.

Fortune

'The rich will only get richer' and defy luxury slowdown, says group behind $139,000 speakers

Bang & Olufsen's CEO believes his shoppers will only get wealthier, after the company sold more high margin products last quarter.

The Independent UK

Sunak hit by new Rwanda revolt from Tory left as talks set to ruin PM’s Christmas

PM urged to defy pressure from Tory right-wingers and ‘tweak the bill in the other direction’

Evening Standard

Who will be the FT's person of the year?

Editors have a swift decision to make

The Independent UK

Tory rebels won’t kill our Rwanda bill in new year, home secretary insists

James Cleverly says government ‘willing to listen’, as Tory right threatens to ‘kill the bill’ after Christmas

The Guardian - US

X struggling to win advertisers back after Elon Musk’s profane outburst

X plans to cater to small and medium-sized businesses as big advertisers pull their dollars

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