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The Latest Breaking News from FT

Bitcoin price plunges, wipes $1 trillion from value weeks after it hit all-time high — prices now near lowest level for the year, erasing 2025 gains

Bitcoin falls to below $90,000 for the first time in recent months, largely driven by sell-offs by leveraged investors.

Tom’s Hardware

Apple is ramping up succession plans for CEO Tim Cook and may tap this hardware exec to take over, report says

John Ternus, Apple's senior VP of hardware engineering, could take control of the company as soon as next year, sources told the Financial Times.

Fortune

Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bn

The Guardian - UK

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Rachel Reeves to abandon plans to raise income tax rates in budget

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turn

The Guardian - UK

Cameron Winklevoss Digs Up News Report From 2013 To Make A Point About Bitcoin: 'You Will Miss Out On The World's Greatest Opportunities...'

Gemini co-founder Cameron Winklevoss took potshots Sunday at the British daily newspaper Financial Times for its 12-year-old article that predicted Bitcoin (CRYPTO: BTC) would become the next “bubble.”

Benzinga

Putin ‘sidelines’ Russia’s veteran foreign minister after ‘blaming him for collapse of Trump summit’

Putin and Trump were expected to meet in Hungary - until Lavrov spoke with Marco Rubio last month

The Independent UK

"China is going to win the AI race" — NVIDIA CEO makes his boldest claim yet before backtracking hours later

NVIDIA CEO Jensen Huang was recently quoted as saying that China will win the AI race, before clarifying his comment in a separate X post. Was it a slip of the tongue, or was it real foresight?

Windows Central

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‘There is no money’: As carbon markets collapse, what happens to the forests they promised to protect?

After it was found most offsets did not represent real carbon reductions, the money dried up. But successful schemes such as Kasigau in Kenya now face a stark future

The Guardian - UK

France may block Shein for childlike sex dolls as it opens Paris store

French authorities warned they may block access to Shein after it emerged that the online fast-fashion giant had been selling sex dolls with a childlike appearance.

Euronews

Eight Steps to Help Get You Through the Open Enrollment Jungle at Work

Wondering how to survive open enrollment this year? Arm yourself with these tools to cut through the process and get the best workplace benefits for you.

Kiplinger

Rachel Reeves ‘eyes tax raid on expensive homes’ in crunch Budget

Mansions and other high value houses in Labour chancellor’s sights as she prepares for crucial Budget later this month

The Independent UK

'On a scale of 0-10... the meeting was a 12': The US and China have agreed on a one-year trade truce after Trump's meeting with Xi Jinping, although Nvidia Blackwell wasn't on the table

'Every year, we will review the deal, but I think the deal will go . . . long beyond a year' said Trump.

PC Gamer

US debt set to soar above Italy and Greece after Trump’s ‘big, beautiful bill’

While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing

The Guardian - UK

Moscow's demands have not changed after Trump-Zelenskyy meeting, Kremlin says

The Kremlin has not changed its stance on its territorial demands from Ukraine, Moscow said, rejecting speculation that Russia might have scaled back its terms for a possible ceasefire to end the war.

Euronews

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Benzinga

Trump Family Reportedly $1 Billion In Profit From Crypto Ventures

U.S. president Donald Trump has reportedly built a crypto empire worth more than $1 billion, according to a Financial Times investigation, with family-run ventures spanning memecoins, stablecoins, and tokenized finance.

Fortune

Don’t fear the AI bubble, it’s about to unlock an $8 trillion opportunity, Goldman Sachs says

“Anticipated investment levels are sustainable, although the ultimate AI winners remain less clear,” Goldman says.

International Business Times

US Treasury Chief Accuses China Of Wanting To Hurt World Economy

US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths.

The Guardian - UK

Tuesday briefing: After the hostage release, five questions that will shape Gaza’s future

In today’s newsletter: Wild celebrations on both sides – but prospects for an enduring peace rest on compromises that appear difficult to reach

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Benzinga

Pentagon's Critical Mineral Stockpiling Plan Points To Shortage Expectations

The Pentagon is moving to secure a $1 billion stockpile of critical minerals. The Department of Defense is aiming to insulate the U.S. defense supply chains from China’s tightening control of strategic metals.

Tom’s Hardware

AI adoption far outpaces that of the early Internet — report sheds light on worldwide AI penetration and usage patterns

A Financial Times report sheds light on worldwide AI penetration and usage patterns

Benzinga

Meta And Apple Nearing Settlement With EU Lawmakers On Antitrust Cases: Report

Apple Inc. (NASDAQ:AAPL) and Meta Platforms Inc. (NASDAQ:META) are reportedly close to settling their respective antitrust cases with the European Commission.

Evening Standard

Taylor Swift receives mixed reviews for The Life Of A Showgirl

The album sees the singer open up about her romance with fiance Travis Kelce, and indulge listeners in a fun and playful 12-track pop record.

Benzinga

Top Short Seller Jim Chanos Sounds Alarm After First Brands Bankruptcy, Says Could Trigger A Wave Of Corporate Collapses: 'Should Be The First Red Flag'

Jim Chanos, one of Wall Street’s most prominent short sellers and the investor known for exposing energy trader Enron’s fraud, has said that the bankruptcy of U.S.-based First Brands Group could trigger a wave of corporate collapses.

Evening Standard

Tesco delivers but FTSE ends four-day winning run

Tesco raised profit guidance after a better-than-expected first half.

The Independent UK

Russia ‘using deadly new missile upgrade’ to bypass Ukraine’s Patriot air defence systems

A former Ukrainian official described it as a ‘game-changer for Russia’

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