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The Latest Breaking News from FT

UK tax data reportedly suggests claims of non-dom exodus overblown

HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report says

The Guardian - UK

IBM, Google, Amazon, Microsoft Lock Horns In Billion-Dollar Race to Build Million-Qubit Quantum Computers And End A 40-Year Tech Dream

International Business Machines Corp. (NYSE:IBM), Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google, Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT) are intensifying their pursuit of industrial-scale quantum computers, with recent breakthroughs bringing the decades-old dream within reach by 2030.

Benzinga

July CPI Report Ignites a Risk-On Rally: Stock Market Today

Market participants price out worst-case scenarios for tariffs and inflation and will now turn their attention to employment and growth.

Kiplinger

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Half of trucks produced at Scania’s €2bn production site in China will be exported

Scania’s new Chinese production facility will open in October in a bid to reduce costs in the Asian market and stay ‘close to rivals’.

Euronews

Nvidia responds to claim China is urging local companies to avoid Nvidia H20 — report claims authorities have sent notices discouraging use, especially for government-related purposes

A new report claims that China is urging local companies to avoid using Nvidia's H20 chip.

Tom’s Hardware

“American National Security Principles Are Negotiable for the Right Fee” — Why NVIDIA and AMD Agreed to Pay the US Government 15% of China AI Chip Revenue

Just a couple of weeks after the US government rescinded the ban on NVIDIA's H20 AI chip sales to China, it was announced that both NVIDIA and AMD will hand over 15% of their revenue from specific AI GPUs in order to receive export licenses.

Windows Central

Nvidia and AMD reportedly sharing 15% of their China GPU revenue in exchange for export licenses — 'unprecedented' export revenue sharing deal may have been struck

Nvidia and AMD have reportedly agreed to pay the U.S. government 15% of China-sourced revenues to unlock export licenses for previously restricted chips.

Tom’s Hardware

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Gold futures rise after report Trump has placed tariffs on gold bars

The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.

Euronews

Gold futures rise to new high after reports Trump has imposed tariffs on one-kilo bars – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

China semiconductor 'megamerger' strategy reportedly stalling — new report says high-level merger plans to strengthen domestic chip industry face multiple headwinds

Despite China’s push to consolidate its semiconductor sector into a few strong players, efforts have largely stalled due to valuation conflicts, political obstacles, and technological gaps.

Tom’s Hardware

The inside story of the Murdoch editor taking on Donald Trump

Since her arrival at the Wall Street Journal, British editor-in-chief Emma Tucker has shaken up not only her own newsroom but also the White House

The Guardian - UK

The markets are behaving as if Europe has pulled the wool over Trump's eyes

Investors are trading as if one of two conditions will turn out to be true: That the deal is composed of stuff that was going to happen anyway, or that the U.S. Supreme Court will rule Trump's deals are illegal.

Fortune

Middle East crisis live: malnutrition in Gaza on ‘dangerous trajectory’, says WHO, as airdrops of aid begin – as it happened

WHO calls for urgent, sustained efforts to flood the Gaza Strip with food after Israeli military announces pause in activity

The Guardian - AU

Financial Times report suggests chip smugglers shifted an alleged $1 billion worth of Nvidia's AI chips to China over the course of 3 months while stricter US export controls were in effect

"There is no evidence that [Nvidia] is involved in, or has knowledge of, its restricted products being sold to China."

PC Gamer

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The Independent UK

Odey High Court legal claims to be tried together, judge rules

Crispin Odey is suing the Financial Times for libel and is separately being sued by five women over denied claims of alleged misconduct.

Evening Standard

Financial Times ‘unconvinced’ Odey libel claim is ‘serious’, High Court told

Mr Odey is suing the publication for at least £79 million in damages over four articles published in 2023.

The Guardian - UK

EDF will invest £1.1bn in Sizewell C plant, France and UK announce

French energy firm’s 12.5% stake will help to fund nuclear facility in Suffolk alongside £14.2bn UK state investment

Euronews

Shein files for Hong Kong IPO to speed up London listing, FT reports

The e-commerce platform filed for a London IPO around a year and a half ago, but has been unable to secure regulatory approval, partly linked to its exposure to the Xinjiang region.

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Evening Standard

Shein files to float in Hong Kong but hopes to keep London IPO alive – reports

The fast fashion retailer confidentially filed a draft prospectus last week with the Hong Kong exchange, the Financial Times reported on Tuesday.

Evening Standard

Erewhon style smoothies have landed in London – but are they even good for you?

Fancy smoothies have become an Instagram status symbol, but they come with a hefty price tag and some big health promises

PC Gamer

Valve's reported profit-per-head from Steam commissions is out there, and at $3.5 million per employee it makes Apple and Facebook look like a lemonade stand

No wonder Gabe Newell can afford all those boats.

The Guardian - UK

Starmer’s reno of the UK is going brilliantly. If you don’t count the walls falling down

Nothing says you’ve lifted the mood of the nation like having to haul your chancellor to a photocall at a ‘wellbeing centre’, says Guardian columnist Marina Hyde

Benzinga

'I Still Feel Responsibility,' Says Ex-Apple Executive Sir Jony Ive, Pledging to Fix Tech's Harms With $6.4 Billion AI Device

"I still feel responsibility," former Apple (NASDAQ:AAPL) design chief Jony Ive told the Financial Times in an interview earlier this month. OpenAI announced in May it would acquire his hardware startup for $6.4 billion to develop an AI device aimed at addressing the negative effects of smartphones.

Evening Standard

FTSE 100 advances and outperforms European peers

It comes despite ongoing US trade policy uncertainty and mixed economic data.

InsideEVs

'Don’t Invade Our Systems': Automakers Warn Apple Over CarPlay Ultra

Apple's CarPlay Ultra would take Apple's software to your entire screen, including your A/C and speed. Car companies say no thanks.

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