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The Latest Breaking News from FT

Russia relies on missiles with western-designed components to strike Ukraine

The Russian military still relies on western-designed components to fire missiles at Ukraine, an FT report has found. Mexican navy officials are flagging concerns about the rising flows of unregulated “dual use” chemicals used to produce synthetic drugs. The S&P 500 climbs to a fresh record, breaking about 5,600 for…

France 24

Wednesday briefing: How Kyiv is handling the aftermath of a strike on a children’s hospital

In today’s newsletter: At least 30 have died after a missile hit the Okhmadyt facility in Ukraine’s capital – this is how the city continues to life under bombardment

The Guardian - UK

There’s nothing undemocratic about a large Labour majority – in fact, managed properly, it could provide the space for serious debate

In the final stage of the 2024 election campaign, the Conservatives have turned to scaremongering about the size of the Labour majority thought to be on the cards after July 4.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Billionaires vs. millionaires: America’s wealthy are more eager than Janet Yellen to tax the super-wealthy

A majority of American millionaires are in favor of a proposal to require the world's billionaires to pay taxes worth at least 2% of their overall wealth every year.

Fortune

'Lettuce leaf' between Tory and Labour fiscal plans, former BoE chief economist warns

LABOUR have been urged to heed a former chief economist of the Bank of England who warned that there was only a “lettuce leaf” between their…

The National (Scotland)

Nvidia Leads AI Boom, Overtakes Apple And Microsoft As Most Valuable Company

Nvidia has transformed from a $300 billion company grappling with a chip surplus due to a cryptocurrency bust to a dominant force in the tech industry, with its products in high demand from other Silicon Valley giants.

International Business Times

State Department rejects Xi’s claim that US wants China to invade Taiwan

State spokesman says ‘One China’ policy unchanged after question from The Independent

The Independent UK

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Labour would try to improve UK’s post-Brexit trade deal with EU, says Reeves

Shadow chancellor’s remarks mark shift in tone for party, which has preferred to not talk about Brexit so far

The Guardian - UK

Adidas probes alleged ‘large-scale bribery’ by staff in China: Report

Complaint includes allegations that a senior manager received real estate and ‘millions in cash from suppliers’.

Al Jazeera

BP managers told to disclose office romances from the last 3 years or face the sack

BP updated is rules months after sacking its CEO Bernard Looney for "not being fully transparent" about past relationships.

Fortune

'Bond King' Bill Gross is about to make a killing on his stamp collection, but he thinks the market is due for a correction and is getting out

The Robert A. Siegel auction house said "this collection promises to set a new high-water mark for stamp collecting when it crosses the auction block."

Fortune

‘D-day was the final straw’: Sunak’s blunders ignite Tory party fury

Long-serving party members and MPs left aghast by unforced errors, poor strategy and a growing sense of resignation

The Guardian - UK

‘Real-life Martha’ from ‘Baby Reindeer’ sues Netflix for $170M over ‘biggest lie in television history’

Fiona Harvey claims she has been unable to leave her home after being falsely accused of stalking through the Netflix hit.

Fortune

Jamie Dimon reportedly up for a knighthood in the U.K. as part of Rishi Sunak's honors nominations

Former Google CEO, billionaire Eric Schmidt, is also reportedly in the running for an honor.

Fortune

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news in one place.

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Fortune

Gazprom faces decade-long journey trying to recover lost revenues from Ukraine war

State-owned Gazprom is unlikely to recover its export revenues until the mid-2030s thanks to European sanctions.

The Guardian - UK

‘Strong likelihood’ ECB is in dialling back phase, says Lagarde, after first rate cut since 2019 – as it happened

European Central Bank lowers borrowing costs for first time in almost five years, but won’t pre-commit to further cuts

The Guardian - UK

Campaign catchup: Fake figures, stealth taxes and a speeding Lib Dem

In today’s newsletter: The day after Sunak’s dubious £2,000 tax bomb, debate punditry is getting out of control

Fortune

Hedge funds paying for 'literally insane' short on U.K. stocks

Hedge funds have been caught off guard by sudden valuation jumps as companies eye cheap U.K. stocks.

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news in one place.

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Fortune

JPMorgan will play more 'Moneyball' as the Wall Street giant expands use of an AI tool to help portfolio managers 'correct for bias'

The AI tool is designed to show users “how they and the market have behaved in similar circumstances and helps them correct for bias and improve their process.”

The Guardian - UK

Ofwat considers cutting sewage fines for financially struggling water firms

Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector

Fortune

ONS dealing with 20% staf exodus weeks after facing strikes over return to office orders

Headcount has dipped at the ONS at the same time as the stats body fights with staff over office attendance.

The Guardian - UK

BHP walks away from £39bn pursuit of Anglo American; Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský – as it happened

Royal Mail’s parent company IDS agrees takeover offer but BHP’s pursuit of Anglo fails

Fortune

'Bond King' Bill Gross warns Trump would worsen deficits and be 'more disruptive' for the bond market than Biden

"Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things."

The Guardian - UK

Thursday briefing: How a day of fevered general election speculation unfolded

In today’s newsletter: From a drop in inflation, to Cameron’s cancelled sojourn to Tirana. Now can Rishi Sunak persuade people that being ‘back to normal’ is enough?

The National (Scotland)

The Scottish Government can't grow the economy within this Westminster system

This week, I address the lack of economic levers available to the Scottish Government as it seeks economic growth.

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