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The Latest Breaking News from the Financial Times

U.S. ban on EDA software hits Chinese tech companies hard — Xiaomi, Lenovo among affected

Xiaomi, Lenovo, and other Chinese tech companies will lose access to updates and tech support from American EDA companies, so they'll have to switch to local suppliers instead.

Tom’s Hardware

Sizewell C nuclear power plant ‘could get go-ahead within weeks’

Keir Starmer expected to confirm result of 15-year search for investment at UK-France summit next month

The Guardian - UK

Jony Ive built the iPhone, now he's building something new to save you from it

Jony Ive and OpenAI's Sam Altman want to redesign your relationship with technology, because "Humanity deserves better."

Laptop

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UN demands probe as Israeli forces kill 3 more people near Gaza aid site

UN Secretary-General Antonio Guterres calls for an independent inquiry into the mass shooting of Palestinians.

Al Jazeera

Stocks Fall as President Trump Expands Chip Software Restrictions on China

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.45%. June E-mini S&P futures (ESM25 ) are down -0.50%, and June E-mini Nasdaq futures...

Barchart

UK ambassador Peter Mandelson says he wishes he never met Jeffrey Epstein

UK ambassador to the US was asked if he stayed in one of Epstein’s properties while he was in jail

The Independent UK

JPMorgan Chase CEO Jamie Dimon warned Trump foreign policy would push allies to China. Greenland is reaching out now

‘We do want to partner up with European and American partners. But if they don’t show up, I think we need to look elsewhere,’ Greenland's business minister says

The Independent UK

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Oracle has reportedly placed an order for $40 billion in Nvidia AI GPUs for a new OpenAI data center

Oracle aims to deploy 400,000 Nvidia GB200 AI chips at a Texas data center to support the U.S. Stargate Project.

Tom’s Hardware

Reform UK promises to reverse ban on new North Sea oil drilling if elected

Party spokesperson says policy has ‘clear benefits for securing jobs and energy independence’

The Guardian - UK

Big Food’s Big Tobacco moment: Arianna Huffington

How the culture is changing on food and health.

Fortune

The Stellantis-Renault Merger Isn't Happening, Despite Rumors

With 14 car brands under its corporate umbrella, Stellantis is already an automotive juggernaut. Renault isn’t exactly small either, considering it owns the sports car brand Alpine and the budget automaker Dacia. Despite reports suggesting a potential tie-up, the two aren’t looking to join forces. Speaking at the Financial Times'…

Motor1

Salesforce CEO claims Microsoft's OpenAI partnership is in the crosshairs with "a full proximal rupture" that can't be mended

Salesforce CEO Marc Benioff claims there's a "huge breach between Microsoft and OpenAI", claiming it's about to rupture and nothing will put it back together.

Windows Central

PwC Axes 1,500 US Jobs While Splashing Millions on 'Pointless' Rebrand

Global accounting giant PwC is facing criticism for laying off 1,500 US employees while simultaneously undertaking a costly brand refresh.

International Business Times UK

Bill Gates Speeds Up Giving Away Fortune, Blasts Musk

Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally.

International Business Times

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The Guardian - US

Bill Gates says his Foundation will close in 2045 and decries Musk for USAID cuts

Microsoft co-founder accuses Trump ally of involvement in ‘killing the world’s poorest children’ by slashing US aid funding

MusicRadar

Splice acquires Spitfire Audio in rumoured $50m deal

The two companies plan to work together on new products that "blend Spitfire Audio’s cinematic soundscapes and orchestral expertise with Splice’s sample catalog and AI-powered discovery engine"

The Independent UK

China seizes control of disputed reef and plants national flag near Philippine military base

Chinese media says coastguard units entered remote sandbank, known in China as Tiexian Reef, ‘to exercise sovereignty’

International Business Times UK

Apple's Shift of US iPhone Assembly to India Marks a Strategic Blow to China, But How?

Apple's reported plan to shift all US-bound iPhone assembly to India as early as next year marks a significant strategic move to reduce reliance on China.

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news in one place.

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Fortune

Investment bankers forced off beach as Citi shuts Málaga office

Economic headwinds may force junior employees to prioritize job security over work-life balance.

The Independent UK

Charge homeowners with swimming pools and big gardens more for water, industry urges

Under Water UK’s suggestion, frugal users would be rewarded with cheaper pricing per unit, while excessive users would be forced to pay more

The Guardian - UK

Dozens of members of UK Jewish body facing disciplinary action over criticism of Israel

Members of Board of Deputies who signed open letter about war in Gaza are now ‘subject to a complaints procedure’

The Guardian - UK

Wednesday briefing: Can the latest ceasefire talks in London break the stalemate in Ukraine?

In today’s newsletter: As world leaders gather in the UK this week, any hope of breaking the deadlock when Russia and Ukraine refuse to compromise could mean the US walks away

Fortune

Binance is helping governments establish crypto regulations and national Bitcoin reserves

Binance has been asked by “quite a lot” of countries to help develop regulatory frameworks for crypto.

The Independent UK

Ryanair boss issues warning over Trump’s tariffs for aviation industry

Ryanair is due to receive another 25 aircraft from Boeing – though they could be delayed

Barchart

Stocks Recover on a Report the Fed Is Ready to Stabilize Markets

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.81%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.89%. June E-mini S&P futures (ESM25 ) are up +1.84%, and June E-mini Nasdaq futures...

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