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The Latest Breaking News from FT

HSBC pulls back from risky credit after bankruptcy scare, FT reports

HSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift indicates a move towards a more cautious approach in the private credit market, signaling a potential change in the bank's lending appetite for more speculative investments.

The Economic Times

Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal: Report

Uber no longer plans to launch food delivery in five of the seven countries it had targeted for expansion this year, including Austria, Norway and Greece, the report said. It did not identify the other two countries. Earlier in the year, Uber said it planned to expand its food delivery…

The Economic Times

Americans were told bird flu caused soaring egg prices, then an investigation uncovered these text messages from US egg producers - here's what we know so far

Egg price investigation explained: US egg giants are accused of secretly coordinating to inflate prices during the bird flu crisis. Prosecutors allege executives used private messages to manipulate wholesale egg markets, even as they publicly blamed avian influenza. This alleged scheme aimed to keep prices high, leading to record profits…

The Economic Times

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OpenAI mulling giving US gov't a 5% stake in the company, days after Washington delayed GPT-5.6 — Altman reportedly wants every leading U.S. AI lab paying into an Alaska-style public fund

Altman is understood to have raised the idea with President Donald Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent.

Tom’s Hardware

OpenAI ‘in early talks to give 5% stake to US government’

CEO Sam Altman argued move would share benefits of AI and it would involve other firms doing similar, report says

The Guardian - UK

US in talks with AI companies for voluntary model standards

The U.S. government is in advanced talks with AI companies to create voluntary standards for the release of new models, with an announcement possible as soon as next week, the Financial Times reported on Wednesday, citing sources.

The Economic Times

Accident or attack: What’s behind Beijing’s ‘unprecedented’ plane crash?

On the evening of June 26, a small aircraft hit CITIC Tower, Beijing’s tallest skyscraper, in the capital’s central business district. The pilot was killed in the crash. The physical damage was limited: Shattered glass, debris falling to the street and a scar on one of China’s most recognisable modern…

The Times of India

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Swatch claiming $170 million in damages against Samsung over trademark infringement: FT

Swiss watchmaker Swatch is demanding $170 million from Samsung, alleging the tech giant facilitated digital replicas of Swatch's iconic watch designs on its smartwatches. A British court previously found Samsung liable for trademark infringement. This ruling, stemming from a 2019 lawsuit, could pave the way for a similar case in…

The Economic Times

Musk's SpaceX targets US consumers with Starlink mobile service push, FT reports

SpaceX is reportedly planning a direct-to-consumer Starlink mobile service in the US, potentially challenging giants like Verizon and AT&T. The Elon Musk-led company, which already offers supplemental coverage with T-Mobile, is considering building its own terrestrial network. This move follows SpaceX's acquisition of significant wireless spectrum licenses, positioning Starlink for…

The Economic Times

China black market Nvidia prices rocket in wake of smuggling crackdown and customs freeze — five-year-old A100 servers triple in price, now fetching up to $82,000

Chinese companies are paying as much as $82,000 for servers built around Nvidia's five-year-old A100 accelerator

Tom’s Hardware

Saudi PIF's governor wants the kingdom to become a global investment center

After deploying billions in capital around the world, Saudi now wants to attract global investment to the kingdom

Fortune

New regime over Hormuz? How Iran seeks to tighten control after US peace deal

Iran's new Strait Authority is mandating insurance for ships in the Strait of Hormuz, raising fears of future passage fees. While currently free, this move follows a 60-day interim agreement to restore traffic. Observers suggest Iran is establishing a new regulatory framework, potentially challenging international maritime law. Discussions with Oman…

The Times of India

Air India at a crossroads as Tata weighs Nipun Aggarwal, Vinod Kannan for next CEO, says report

Air India's leadership race is heating up with Nipun Aggarwal and Vinod Kannan as top contenders to steer the airline through turbulent times. Aggarwal, a key figure in its transformation, faces scrutiny over global experience, while Kannan brings proven leadership from Vistara. The decision, however, is complicated by internal power…

The Economic Times

Burnham brings in top economists before possible leadership run

Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets

The Guardian - UK

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The Economic Times

$6 billion double dhamaka coming: Jio and NSE likely to file for India's biggest IPOs this week

Reliance Jio and the National Stock Exchange are poised to file draft IPO papers this week, targeting a combined fundraising of approximately $6 billion. Jio's expected $4 billion offering could become India's largest listing, while NSE's filing aims to revive market sentiment after years of delays.

The Economic Times

Trump's interim Iran deal eases immediate crisis but leaves major hurdles ahead

A preliminary deal to end the Middle East war has been signed by the US and Iran. This agreement extends a ceasefire and reopens the Strait of Hormuz. Shippers, however, express caution, expecting weeks for confidence to return. Key issues like Iran's nuclear program remain for future talks.

The Economic Times

Strait of Hormuz transit will take 'weeks' to resume, largest tanker operator tells FT

Shipping companies will delay passage through the Strait of Hormuz for several weeks. This delay will continue until a U.S.-Iran agreement is deemed substantial. Shipowners need assurance that the deal translates into tangible safety improvements in the Strait. This will allow shipping lines to proceed with confidence through the vital…

The Economic Times

BBC Layoffs: Around 2,000 jobs at risk as broadcaster plans 10% cost cuts; Who may lose their jobs and why

BBC Layoff 2026: The BBC is preparing to cut approximately 2,000 jobs, equivalent to around 10% of its workforce costs, as part of a wider plan to reduce spending by £500 million over the next two years. The broadcaster's news division is expected to be among the hardest hit, with…

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The Guardian - UK

Does your baby have a pension yet? If not, why not?

Parents are being encouraged to give kids their own ‘self-invested personal pension’. But where’s the money coming from? Fifteen million of us aren’t saving enough for our own retirement, says Emma Beddington

The Economic Times

CLSA set to vanish as brand after 40 years in Asian brokerage: Report

Hong Kong-based CLSA will be rebranded under Citic Securities from 2027, ending a brokerage brand known for its distinctive culture and strong presence across Asian financial markets. The move reflects Citic's effort to integrate CLSA more closely into its institutional framework.

The Guardian - UK

Left, right and centre – I see all strands of the Labour tribe pulling together in Makerfield. This is bigger than Burnham

Everyone here knows this is a sliding doors moment. A win could be a new beginning for the party, a loss an unimaginable calamity, says Guardian columnist Polly Toynbee

International Business Times UK

'Trump Himself Is the Embarrassing Moment': Internet Explodes as POTUS Loses Control of Middle East Conflict

Donald Trump faces criticism after claiming he 'calls the shots' in the Middle East, as Israeli forces reportedly defy his plea not to hit back at Iran and online commentators accuse him of being 'humiliated on the world stage'.

The Economic Times

Meta weighs big equity raising to finance AI infrastructure: FT

The report comes after Alphabet ‌moved to ⁠raise $84.75 billion ⁠in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI.

The Guardian - UK

Labour MP sues Elon Musk’s xAI company over fake sexualised images

Jess Asato was portrayed wearing a bikini in Grok-generated images after she criticised creation of such non-consensual pictures

The Economic Times

US in talks to expand nuclear weapons deployments in Europe

America is considering placing nuclear weapons in more European NATO countries. This move would involve additional nations hosting dual-capable aircraft. Countries on NATO's eastern flank, like Poland and Baltic states, have shown interest. Discussions are ongoing within NATO channels. The White House and Pentagon have not yet commented on the…

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