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The Latest Breaking News from the Financial Times

Rachel Reeves and Scott Bessent ‘argued’ in Washington after chancellor’s Iran war criticism

Ms Reeves reportedly hit back that she did not work for the US treasury secretary

The Independent UK

Ukraine-Russia war latest: Fighting escalates as Putin’s troops attempt to invade new Ukraine city

Kostiantynivka is part of Ukraine’s heavily fortified fortress belt in the country’s east

The Independent UK

Phone bans are spreading across the US workplace

Phone bans, first popular in schools, are now spreading to workplaces across all sectors

The Independent UK

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Google, Microsoft, Meta, and Amazon capex spending to hit $725 billion in 2026, up 77% from last year — analyst says bear thesis is 'garbage'

Google, Amazon, Microsoft, and Meta collectively plan to spend $725 billion on capex in 2026, up 77% from last year's record $410 billion.

Tom’s Hardware

Financial Times journalists in dispute with management over plans for office days

FT branch of NUJ say there is not ‘compelling case’ for mandate for editorial staff to be in office four days a week

The Guardian - UK

OpenAI has effectively abandoned first-party Stargate data centers in favor of more flexible deals — company now prefers to lease compute and says Stargate is an umbrella term

OpenAI has reportedly modified its arrangement on several Stargate projects, leaving the direct ownership set up and instead preferring to lease compute from other partners who took on the direct risk of investing in the infrastructure.

Tom’s Hardware

Ukraine-Russia war latest: Trump welcomes Putin’s offer of Victory Day ceasefire in ‘very good’ phone call

Trump says he expects Putin to observe 'a little ⁠bit of a ceasefire', while Ukraine is yet to respond to the proposed truce

The Independent UK

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White House claim that China is 'engaged in deliberate, industrial-scale campaigns to distil US frontier AI systems' called 'pure slander' by Chinese embassy

A memo seen by the Financial Times places the blame on "foreign entities, principally based in China."

PC Gamer

Britons opt for UK staycations as rising costs and travel concerns hit overseas trips

More people in the UK are choosing to holiday within the country this year, as rising fuel prices and concerns over international travel disrupt plans for trips abroad, according to a report by the Financial Times.

The Times of India

Trump's Iran War Is Keeping the World Away From America's World Cup — and Host Cities Are Already Feeling It

Hotel room rates in the US are dropping ahead of the 2026 World Cup due to geopolitical tensions and travel restrictions, impacting expected international visitor numbers.

International Business Times UK

Keir Starmer Accused of Leaving UK 'In Peril' as NATO Chief Slams Treasury 'Vandalism'

Lord George Robertson's stark warning that Britain is 'not safe' under current spending plans has opened a bruising argument over Keir Starmer's defence priorities and the UK's readiness for war, from welfare budgets to NATO commitments.

International Business Times UK

Meta building Zuckerberg’s AI clone to help employees feel more connected to founder

American tech giant is increasingly investing in AI after scaling down metaverse ambitions

The Independent UK

Former Nato chief aims broadside at Government over defence funding

Lord George Robertson will warn that Britain’s ‘national security and safety is in peril’.

Evening Standard

Starmer’s ‘corrosive complacency’ on defence has put UK in peril, says ex-Nato chief

George Robertson says Iran war should be wake-up call to address military underfunding in scathing remarks

The Guardian - UK

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Euronews

Airport council warns: Hormuz closure poses major fuel shortage risks

In a letter to the EU, the Airports Council International warned that if Hormuz does not reopen within three weeks, paraffin shortages in Europe will be critical.

Reason

Has the Iran War Ceasefire Already Ceased?

Both sides claim that they’ve agreed to stop fighting and open the Strait of Hormuz, but the fighting is still happening and Hormuz is still closed.

Evening Standard

UK must be more business friendly and not talk itself down, says ex-FT editor

Lionel Barber, the former editor of the Financial Times, has joined the advisory board of US tech firm Capitol AI as it expands in the UK and Europe.

We Got This Covered

‘We demand an immediate retraction’: Pentagon is fuming after Pete Hegseth’s alleged true motive for declaring no mercy for Iran is exposed

Hegseth has some explaining to do.

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International Business Times

Broker For Hegseth Looked Into Making Investment In Defense Contractors Before Iran War: Report

A broker for U.S. Secretary of War Pete Hegseth looked into making a significant investment in defense companies before the start of the Iran war, according to the Financial Times.

Barchart

Dollar Rises as Iran War Continues

The dollar index (DXY00 ) rallied to a 10.5-month high on Monday, finishing up by 0.40%. The dollar gained on safe-haven support on Monday amid concerns of a protracted war in Iran. President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and...

Barchart

Dollar Supported by Concerns of a Protracted Iran War

The dollar index (DXY00 ) climbed to a 2-week high today and is up by +0.35%. The dollar has safe-haven support on concerns of a protracted Iran war after President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the...

The Independent UK

Trump mulls seizing Iran's Kharg Island oil terminal even as talks show progress

U.S. President Donald Trump openly mused about seizing Iran’s Kharg Island oil terminal in the Persian Gulf and the United States and Israel kept up their attacks on the Islamic Republic, even as there were signs of progress in nascent ceasefire talks

International Business Times UK

Ancient Human Relative Unearthed in Egypt May Prompt Rethink of Human Evolution, Scientists Say

A fossil discovered in Egypt could reshape our understanding of human ancestry and evolution, revealing a previously unknown species

The Times of India

While US battles Iran, Denmark was preparing to deny Washington access to Greenland

European allies secretly prepared to defend Greenland from a potential US military action. Denmark, with support from France, Germany, Norway, and Sweden, planned to disable airport runways. This move signaled deep concerns over President Trump's intentions. The preparations aimed to deter any US intervention. The episode highlighted a growing trust…

The Independent UK

Iran-US war latest: Trump extends pause on energy plant strikes and says talks with Tehran going ‘very well’

The US may send an additional 10,000 troops on top of the thousands of service members already dispatched to the region, according to a new report

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