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The Latest Breaking News from the Financial Times

Crude Falls on the Potential Return of Full Saudi Arabia Output

Nov WTI crude oil (CLX24 ) today is down -1.79 (-2.57%), and Nov RBOB gasoline (RBX24 ) is down -2.65 (-1.34%). Crude oil and gasoline prices today are moderately lower, with crude falling to a 2-week low and gasoline falling to a 1-week low. Crude prices tumbled today after the...

Barchart

Economists have urged Rachel Reeves to loosen the purse strings – here’s why it’s not that easy

A group of economists has publicly urged chancellor Rachel Reeves to reverse her stance on public investment, and relax the Treasury rules that constrain it. They argue in a letter to the Financial Times that low investment is the root cause of Britain’s productivity stagnation, and that the government must…

The Conversation

IMF postpones Russia visit after heavy criticism across Europe

Trip to Moscow to review economy delayed indefinitely after protests it would ‘normalise relations with aggressor’

The Guardian - UK

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Wednesday briefing: Why Labour seems to be walking the walk on the climate crisis

In today’s newsletter: The party talked up its plans for the climate during this summer’s election – and now seems to be backing that up with real action

The Guardian - UK

Rupert Cornwell Prize 2024: Samuel McIlhagga named as this year’s winner

The annual award is aimed at younger journalists at the start of their careers

The Independent UK

World order under threat ‘not seen since Cold War’, say heads of MI6 and CIA

Britain and US face ‘an unprecedented array of threats’, warn Sir Richard Moore and Bill Burns in unprecedented joint op-ed

The Independent UK

Telegram chief’s arrest sends a clear message: tech titans are not above the law

The detainment of the murky messaging service’s founder in France shows the online moguls can no longer act with impunity

The Guardian - UK

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‘Everyone failed them’: what the papers say on report into deadly Grenfell Tower fire

British papers home in on push for criminal charges after inquiry blames 2017 disaster on government failures and dishonesty of companies

The Guardian - AU

Telegram: The Global Rise Of Libertarian Chat App

The boss of social media platform Telegram has been arrested in France, accused of allowing the sharing of illegal content.

International Business Times

Ship captain who saw Mike Lynch's yacht sink blames 'extreme mast'

"The center of gravity is too high with this extreme mast," Dutch ship captain Karsten Börner told the Financial Times.

Fortune

PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China

The ban stems from PwC’s work with Evergrande, the bankrupt real estate developer whose default helped trigger China’s real estate crisis.

Fortune

Paris Olympics boosts eurozone economic growth; UK business activity accelerates –as it happened

Olympic Games has delivered France’s best month of growth since March 2023, while UK economy is also strengthening in August

The Guardian - UK

OpenAI strikes deal to use content from The New Yorker, Vogue, Vanity Fair

AI startup’s announcement follows similar deals with The Financial Times, the Associated Press and News Corp.

Al Jazeera

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

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Reason

60 Percent of Voters Want Kamala Harris To Abandon Bidenonomics

A new survey suggests that neither Harris nor Donald Trump have won over a majority of voters with their respective economic visions.

The Guardian - US

Former Republican House speaker urges Trump to ‘stop questioning’ size of Harris’s crowds – as it happened

Kevin McCarthy urges former president not to attack Harris on personality issues after he falsely claimed VP used AI to inflate rally attendance

TechRadar

Google and Meta reportedly skirting their own rules to ad target young teens, shows why tech giants cannot regulate themselves

Google and Meta reportedly teamed up to create ads targeting young teens, which proves why tech giants can't be trusted to regulate themselves.

Fortune

Kamala Harris's advisers reportedly reach out to crypto industry with 'pro-business, responsible business' message

The Harris campaign's crypto outreach effort has included Coinbase, Circle, and Ripple Labs, sources told the Financial Times.

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news in one place.

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Fortune

JPMorgan’s new AI chatbot could make the bank operate like the intelligence community, startup CEO says

With the new AI tool, the bank could transform its research desks to have “a hybrid of human and AI analysts.”

Fortune

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.

The Guardian - AU

‘Computer says no’: what the papers say after IT outage causes global chaos

‘Digital pandemic’, ‘havoc’ and ‘meltdown’ were some of the most common phrases in UK headlines after botched CrowdStrike software update

Tom’s Hardware

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.

Fortune

Qualcomm sues China's Transsion, the 'Smartphone King of Africa,' for infringing on its patents

Transsion has almost half of Africa's smartphone market and the company is expanding in South Asia and other emerging markets.

The Independent UK

India warns UK not to impose deadline on trade talks

India warned the UK against imposing a deadline on the already stretched-out trade talks as it remained optimistic about closing the deal "very quickly" with the new Labour government.

Android Central

News Weekly: Samsung's devices leak ahead of Unpacked, a new Pixel 9 colorway and more

Series of devices leak ahead of Samsung's summer Unpacked, Pixel 9 leaks in a new color, Pixel devices get the July patch, Netflix is losing its ad-free tier, and why Google wants to use music to train its AI models.

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