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The Latest Breaking News from the Financial Times

Tony Blair’s staff took part in 'Gaza Riviera' project, reports say

STAFF at an institution founded by the former prime minister Tony Blair participated in plans to develop a postwar Gaza into a “Trump Riviera”…

The National (Scotland)

'I Still Feel Responsibility,' Says Ex-Apple Executive Sir Jony Ive, Pledging to Fix Tech's Harms With $6.4 Billion AI Device

"I still feel responsibility," former Apple (NASDAQ:AAPL) design chief Jony Ive told the Financial Times in an interview earlier this month. OpenAI announced in May it would acquire his hardware startup for $6.4 billion to develop an AI device aimed at addressing the negative effects of smartphones.

Benzinga

US dollar suffers worst start to year in more than five decades, report claims

The dollar index has fallen more than 10 percent in the first six months of the year, a new report says

The Independent UK

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Trump Ally Eyes $500 Million Deal in Peace Plan for DR Congo

Global financier and longtime Trump associate Gentry Beach is reportedly negotiating for control of the Rubaya coltan mine in the Democratic Republic of Congo (DRC). The Trump administration-backed initiative, accompanied by support from a consortium including the Swiss trading house Mercuria, shows the current preference for the US engagement with…

Benzinga

‘Gold sneakers, Bible, phone’: But Eric Trump pinky swears the Trumps didn’t profit off politics — right

If there's one family that hasn't profited off politics.

We Got This Covered

Centrica preparing to take 15% stake in Sizewell C nuclear plant, reports say

The investment would mean Centrica has about the same size stake in Sizewell C as EDF, the Financial Times reported.

Evening Standard

New Zealand departs climate action group

The Beyond Oil and Gas Alliance no longer counts New Zealand as an associate member after the mining-friendly Kiwi government opted to leave the group.

AAP

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France and Germany pledge ‘unshakeable determination’ in face of Russian threat

World leaders have convened in the Netherlands for a two-day Nato summit, with a key objective to endorse a new defence spending target of 5 per cent of each country’s GDP. French president Emmanuel Macron and German chancellor Friedrich Merz jointly expressed support for US efforts to preserving Ukraine's sovereignty…

The Independent UK

BBC threatens legal action against AI startup over content scraping

Letter sent to Perplexity AI but US-based firm calls corporation’s claims ‘manipulative and opportunistic’

The Guardian - UK

US government 'raises concerns' over plans for Chinese factory in Scotland

The US government has reportedly raised concerns with the UK Government over plans by one of China’s largest wind turbine makers to build a new…

The National (Scotland)

Trump On Iran: 'It's Not Complicated' As Israel Prepares For Possible Action

"I don't want to say it's inevitable, but it looks like something that could very easily happen," said Trump.

International Business Times

Succession power struggles as Mall of the Emirates owners ordered to restructure

Authorities likely want to avoid any further infighting that could slow down the growth of a firm that long has made hiring Emiratis a key goal

The Independent UK

China's BYD Will Strike At The Heart Of Japan's Car Market

Today on Critical Materials: China is coming for Japan's kei cars, Uber plays a pivotal role in Tesla vs Waymo robotaxi battle and electric semis target diesel.

InsideEVs

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

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The Guardian - UK

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

Laptop

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."

Al Jazeera

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.

Barchart

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...

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The Independent UK

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

Tom’s Hardware

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.

The Guardian - UK

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’

Fortune

Big Food’s Big Tobacco moment: Arianna Huffington

How the culture is changing on food and health.

Motor1

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'…

Windows Central

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.

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