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The Latest Breaking News from FT

Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation

Atlanta Fed President Raphael Bostic said waiting to cut rates is risky.

Fortune

SoftBank's Intel AI processor plans in doubt as insiders say it is now considering a TSMC partnership

SoftBank had to start talks with TSMC after it canceled plans to produce AI processors with Intel as the company failed to meet production requirements.

Tom’s Hardware

Barclays planned to withdraw from Israeli bond auctions: Report

UK bank wanted to quell criticism over involvement with defence firms supplying Israeli military.

Al Jazeera

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Goldman Sachs says voters are shifting to Kamala Harris—and the odds of a blue wave are swelling

Harris has a three percentage point lead on Trump in national polls.

Fortune

Firm says Nvidia's skyrocketing AI valuation is in a 'bubble' and 'overhyped' — Elliott says AI apps are not viable

Elliot Management follows Sequoia Capital's assessment that AI is overhyped, which makes Nvidia's stock a bubble.

Tom’s Hardware

EU reveals its eight demands for a better relationship with Britain

Keir Starmer has made rebuilding ties with Brussels a top priority since the general election, after years of mistrust between the two sides over Brexit

The Independent UK

Bitcoin price hits six-week high after Trump backs cryptocurrency

Former president says he will end persecution of crypto industry if he wins US election in November

The Guardian - UK

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Revolut's UK banking licence is fantastic news...for the FT

Congratulations are in order to Nik Storonsky, co-founder of Revolut and arguably the most patient businessman in London. He has had to wait a tedious three years to finally secure a British banking licence, opening the door up to further expansion for the $45 billion fintech.

Evening Standard

The U.S. reigns supreme in AI startups while China ensures chatbots have 'core socialist values'

The number of AI companies founded in the U.S. between 2013 and 2023 totaled 5,509, more than all the other countries combined, S&P Global said.

Fortune

China is dispatching crack teams of AI interrogators to make sure its corporations' chatbots are upholding 'core socialist values'

Heck, they even have a theme song.

PC Gamer

Canary Wharf Group to carve chunks out of HSBC tower after bank leaves

Revamp of 42-storey block when bank moves out in 2027 will include new terraces and leisure facilities

The Guardian - UK

Intel Capital's investments in Chinese AI startups draw US govt attention — firm invests in 43 Chinese tech companies

Intel Capital holds stakes in 43 Chinese ventures, and sometimes, its goals align with those of the Chinese government.

Tom’s Hardware

UK under pressure to ban Israel arms exports after top Labour minister's comments

THE UK Government is facing fresh pressure to ban weapons exports to Israel after Keir Starmer’s own top legal adviser said the country is…

The National (Scotland)

The Crunch: UK election graphics galore and why Australian houses are so cold in winter

This special edition of The Crunch brings you all the UK election statistics, graphs and our beloved cartograms

The Guardian - AU

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USA Today Sports Media Group

Indianapolis Colts officially launch NFL FLAG-sanctioned league to help grow sport

The Colts Flag Football League is the latest major development for the growing sport.

France 24

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…

The Guardian - UK

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 Conversation

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.

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news in one place.

100's of premium titles.
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Fortune

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.

The National (Scotland)

'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…

International Business Times

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.

The Independent UK

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 Guardian - UK

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

Al Jazeera

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’.

Fortune

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.

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