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The Latest Breaking News from FT

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

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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

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.

Benzinga

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.

Fortune

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.

International Business Times

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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

The Guardian - UK

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.

Benzinga

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

Tom’s Hardware

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.

Benzinga

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.

Evening Standard

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.

Benzinga

Tesco delivers but FTSE ends four-day winning run

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

Evening Standard

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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’

The Guardian - UK

UK government resumes row with Apple by demanding access to British users’ data

New access order by Home Office would seek access to the tech company’s encrypted cloud backups

Evening Standard

FTSE 100 hits new high despite worries over potential US government shutdown

Without Congress passing a bill to fund federal operations before midnight Tuesday night, the government will partially close up shop.

Benzinga

Trump's Son-In-Law Jared Kushner Plays Major Role In $55 Billion EA Acquisition, Affinity Partners To Snag 5% Stake: Report

U.S. President Donald Trump's son-in-law, Jared Kushner, was reportedly instrumental in brokering the $55 billion take-private deal for Electronic Arts (NASDAQ:EA), and his investment company will own a 5% stake in the video game publisher.

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news in one place.

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Tom’s Hardware

'Moscow military spy ship' seen mapping and surveilling NATO undersea cables — 'She’s following cable lines and pipelines, making stops. We are monitoring her very closely

A new report documents how a Russian military spy ship has been tracked surveilling and mapping undersea cables in Europe's Atlantic coastline.

Benzinga

Labor Shortages Will Drive Prices Higher in the Coming Years — Policymakers Say Immigration Is The Only Fix

The world's leading economics may not have enough workers to drive growth and keep inflation under control and migrant workers may be able to fill in the gaps, policymakers said last month at the Federal Reserve's annual gathering in Jackson Hole, Wyoming.

Evening Standard

Political unease sparks increase in UK bond yields as FTSE 100 dips

The possibility of a political challenge to Sir Keir Starmer could put the pound under pressure, analysts warned.

The National (Scotland)

Labour humiliated as Keir Starmer fails on US tariff deal – despite claim it was done

KEIR Starmer has been embarrassed after his much-trumpeted pledge to cut US tariffs on UK steel to zero failed ...

Benzinga

Alibaba And SMIC Power Beijing's Bid To End Reliance On Nvidia And ASML

Alibaba Group Holding Ltd. (NYSE:BABA) shares advanced in premarket trading Wednesday after reports that the company secured China Unicom as a major client for its artificial intelligence chips.

International Business Times

US And UK Move Toward Joint Crypto Regulatory Framework

US officials see the effort as a way to keep dollar-denominated stablecoins competitive globally, while UK regulators want to make London a hub for digital asset finance post-Brexit.

Fortune

65-year-old retirees in France now have higher incomes than working-age adults—meanwhile, American boomers can't even afford to retire

While the French are enjoying higher wages in retirement than the country’s workers, nearly a fifth of American retirees are “struggling” or “living the nightmare.”

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