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The Latest Breaking News from FT

The EU could fire a never-before-used 'trade bazooka' to retaliate against Trump tariffs aimed at NATO allies sending troops to Greenland

In addition to limiting trade in goods and services, the anti-coercion instrument could also target foreign direct investment and financial markets.

Fortune

Coca-Cola reportedly abandons plans to sell Costa Coffee chain

US owner scraps auction after bids from private equity firms fail to meet its £2bn sale expectations, report says

The Guardian - UK

'Godfather of AI' says the technology will create massive unemployment and send profits soaring — 'that is the capitalist system'

"We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad."

Fortune

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EU wants ‘Farage clause’ in Brexit ‘reset’ talks with UK

Move would mean Brussels would receive compensation if future government reneged on deal Starmer is negotiating

The Guardian - UK

Between bots calling themselves 'Mecha-Hitler' and 95% of businesses realising they don't know the point of AI, 2025 was the year the tech lost its shine even for the most blinkered execs

It's gonna change the world. Once we figure out what to do with it and it stops being a Nazi. But after that for sure.

PC Gamer

Apple reportedly cuts production of Vision Pro headset after poor sales

Company had hoped the virtual reality device would herald a new era in ‘spatial computing’

The Guardian - UK

‘The rocket ship keeps going off’: Inside the Nvidia phenomenon with author Stephen Witt

In “The Thinking Machine”—just crowned the FT and Schroders business book of the year—Witt goes deep inside Nvidia’s “once-in-a-lifetime opportunity.”

Fortune

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Meta's Big AI Bet Hits Turbulence as Alexdanr Wang Critiques Mark Zuckerberg's Leadership

Meta's AI ambitions face challenges as Alexandr Wang critiques Mark Zuckerberg's hands-on leadership and internal upheaval grows.

International Business Times

‘Big Short’ investor Michael Burry piles misery onto tech stocks after Oracle fails to close AI debt deal

Of course, Burry has a conflict of interest in the form of a $1.1 billion short bet against AI stocks. So take his doom-mongering with a pinch of salt.

Fortune

Ranchers in Texas are turning against Trump as price of beef plummets

Moves by President Donald Trump to bring down costs for consumers risk alienating agricultural sector, a key voting bloc on whom he has depended in the past

The Independent UK

Lila Moss 'makes £1.3m profit' with company she named after mum Kate's old Highgate house

The 23-year-old spent half her life at the famous celebrity-loved road in north London, living next door to George Michael

Evening Standard

Nvidia’s CEO is named Financial Times’ 2025 Person of the Year. Who is Jensen Huang?

AI leaders and executives have dominated lists for most influential people of 2025. The latest, Nvidia CEO Jensen Huang, was named Person of the Year by the Financial Times.

Euronews

Nick Clegg takes role at London-based venture capitalists Hiro Capital

Former deputy prime minister, who left Meta this year, to be joined by Facebook-owner’s chief AI scientist

The Guardian - UK

Trump opens door for Nvidia in China — but both the market and Beijing shrug

Trump is now allowing Nvidia to sell its H200 chips to China.

Axios

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The Independent UK

Tony Blair left out of Gaza ‘board of peace’ due to Iraq war history

Former UK prime minister had eyed a leading role on Donald Trump’s council after working on the Israel-Hamas peace process

The Guardian - UK

Tony Blair reportedly dropped from Trump’s Gaza ‘board of peace’ shortlist

Former UK leader loses out on key role in transitional authority after objections from Arab and Muslim nations

Benzinga

What's Going On With Nvidia Stock Today?

NVIDIA Corp (NASDAQ:NVDA) shares closed higher Thursday as investors weighed fresh Washington scrutiny of the chipmaker's China business against still-robust AI demand.

Fortune

Anthropic considers IPO despite warnings that excess liquidity is blowing a bubble in the markets

Senior central bank chiefs see excess liquidity in a range of asset markets.

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news in one place.

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The Independent UK

Nigel Farage responds to claim he called Reform election pact with Tories ‘inevitable’

It comes after reports Farage told donors that a Reform-Tory pact is ‘inevitable’

The Guardian - UK

‘Failed former Tory MPs’ who join Reform unlikely to be selected as candidates, Zia Yusuf says – as it happened

This week it was announced that three more former Tory MPs have gone over to Nigel Farage’s party

The Guardian - UK

Farage tells donors he expects Reform to do election deal with Tories – report

One donor tells FT that Reform leader described an agreement as ‘inevitable’, despite denials from both sides

The Guardian - UK

Accenture dubs 800,000 staff ‘reinventors’ amid shift to AI

Consultancy’s move to embrace artificial intelligence follows Disney’s use of the term ‘imagineers’

Windows Central

Analysis: OpenAI is a loss-making machine, with estimates that it has no road to profitability by 2030 — and will need a further $207 billion in funding even if it gets there

A recent analysis by major bank HSBC suggests that OpenAI's future revolves around debt accumulation, as companies increasingly turn to speculation to fuel the AI company's compute hunger.

The Guardian - UK

JP Morgan boss gave go-ahead for new £3bn tower in London after UK assurances

Decision by US bank’s CEO Jamie Dimon followed trip to New York by top adviser to Keir Starmer

Evening Standard

Bank shares rise after reports they will be spared tax hike amid growth mission

Banks were thought to have been in the firing line through a potential increase to the bank levy.

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