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The Latest Breaking News from FT

Trump Board of Peace's official Gaza fund is empty despite billions pledged, source says

Four months after its creation, the Gaza reconstruction fund of US President Donald Trump's so-called Board of Peace has yet to receive any of the billions of dollars pledged by donor countries. Israel has continued to carry out strikes across the devastated Palestinian territory despite a US-backed ceasefire, killing at…

France 24

Trump Board of Peace's official Gaza reconstruction fund is empty, source says

The board is unambiguously led not just by the United States but by Trump personally, who holds the final say and can remain in charge past his presidency.

Euronews

Trump’s Board of Peace fund empty, donations routed to JPMorgan account lacking 'transparency requirements'

Donald Trump's Board of Peace, established to aid Gaza's reconstruction, has received zero dollars in its official fund despite billions pledged by member nations. Donations are reportedly being directed to a JPMorgan account lacking independent transparency requirements, impacting plans for a US-backed Palestinian administration.

The Times of India

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Has China eaten Europe's lunch? A Brussels-Beijing battle is brewing

Europe is adopting a tougher stance against China's industrial practices. A new strategy aims to protect European industries from unfair competition and overcapacity. Several EU nations are pushing for stronger trade measures. This shift reflects a growing fear of deindustrialization and a desire for strategic autonomy. The EU is increasingly…

The Economic Times

Monday briefing: Why public patience with privatisation has finally run out

In today’s newsletter: Decades after the great privatisation experiment, voters are questioning who utilities really serve, and Labour’s cautious approach is wearing thin

The Guardian - UK

Uber weighs higher bid for Delivery Hero: FT

Uber's board met to discuss increasing its offer for Delivery Hero after a major shareholder rejected a bid valuing the German firm at over 11.5 billion euros. Uber CEO Dara Khosrowshahi previously offered 33 euros per share, but a larger shareholder was rebuffed with a 38 euros per share proposal.

The Economic Times

'I was hacked by Russia', Nigel Farage claims amid investigation into secret £5m gift

NIGEL Farage has claimed that his phone was hacked by the Russian state, who then gave the media details of a secret £5 million gift from a…

The National (Scotland)

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Musk may already be a trillionaire while these SpaceX employees and investors will hit multibillion-dollar jackpots after blockbuster IPO

If SpaceX surpasses $1.7 trillion after going public, it would confirm Musk’s $1 trillion net worth.

Fortune

Green party candidate for Makerfield byelection withdraws after nine hours

Party apologises for posts shared by Chris Kennedy about Jewish ambulance attacks and says he has dropped out for personal reasons

The Guardian - UK

Not seen or heard for two months: Where is Iran's Supreme leader Mojtaba Khamenei?

Two months after taking over as Iran’s supreme leader following the death of his father, Mojtaba Khamenei has still not appeared publicly — triggering growing speculation over his health, whereabouts and grip on power during one of the most volatile periods in the country’s recent history.

The Times of India

Treasury minister denies UK plan to cap food prices is 'mimicking SNP'

A TREASURY minister has denied that the UK Government is planning to ask supermarkets to cap essential food prices – mimicking an SNP election…

The National (Scotland)

AI boom: Global stock market order shuffles as Taiwan, South Korea overtake Western giants

Asian markets are making waves. South Korea's Kospi and Taiwan's stock market have surged, driven by the AI boom. These markets are now outperforming many Western exchanges. Investors are watching closely as capital shifts towards these AI-focused economies. This new global stock market order presents exciting opportunities and potential risks.

The Economic Times

The Mandalorian And Grogu: Critics say Star Wars should be put out of its misery

The upcoming Jon Favreau film is the latest addition to the Star Wars franchise, based on the hit Disney+ spin-off series The Mandalorian.

Evening Standard

The top foreign holders of U.S. debt may soon dump Treasury bonds and bring their money back home, potentially spiking borrowing costs

Yields for 10- and 30-year JGBs have soared to the highest levels since the 1990s, and the central bank is expected to tighten for the fifth time since 2024.

Fortune

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Fortune

SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'

SpaceX is seeking to raise up to $75 billion at a valuation of $1.75 trillion.

Latin Times

Eric Trump Threatens to Sue Jen Psaki and MS NOW Over China Trip Segment

Eric Trump threatened to sue Jen Psaki and MS NOW after the former White House press secretary aired a segment questioning his presence on President Donald Trump's trip to China while a Trump-linked company explored a deal involving a Chinese tech firm.

Evening Standard

FTSE 100 shrugs off political drama as oil price dips

The FTSE 100 closed up 47.58 points, 0.5%, at 10,372.93.

The Guardian - UK

Mike Ashley admits he was behind video that brought down JD Sports chair

Sports Direct founder says people in his employ recorded footage of Peter Cowgill meeting another retail boss

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The Economic Times

Airlines slash flights and raise fares as fuel crisis begins to hit travellers hard

Global airlines are slashing flights and hiking fares due to soaring jet fuel costs and supply worries, exacerbated by the Iran conflict. Millions of seats are gone from schedules as carriers grapple with disrupted routes and fuel price spikes. Expect fewer options and pricier tickets as airlines adjust operations.

The Times of India

Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup after leaving JPMorgan amid ‘bullying’ allegations

An Indian-origin banker set to earn around Rs 500 crore at Citigroup is facing scrutiny after a report alleged he bullied colleagues during his time at JPMorgan Chase.

Evening Standard

Crispin Odey says ‘that’s bad news’ after he is banned from driving for a year

Odey, 67, told Bromley Magistrates’ Court on Friday that he was not used to 20mph speed limits after he was caught speeding in a Range Rover.

The Guardian - UK

Financial Times journalists in dispute with management over plans for office days

FT branch of NUJ say there is not ‘compelling case’ for mandate for editorial staff to be in office four days a week

The Independent UK

US ambassador to Ukraine steps down after ‘differences of opinion with Trump’

The four-year war continues to rage with US-led efforts to end the war on hold

The Independent UK

Hegseth tells Europe to ‘stop talking and get in a boat’ to help open Strait of Hormuz

US secretary of defence told Europe and Asia that the time for a ‘free ride’ on American protection is over

Evening Standard

Blue chips close lower amid US-Iran stalemate

For the week, the FTSE 100 fell 2.7%, the FTSE 250 also declined 2.7% and the AIM All-Share dipped 1.7%.

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