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The Latest Breaking News from the Financial Times

Traditional Banks Now Racing To Acquire Crypto Firms—Here's Why They Can't Wait

Crypto dealmaking hits record $8.6bn in 2025. Financial Times analysis reveals how Trump's regulatory shift and traditional finance entry trigger M&A surge.

International Business Times UK

Nvidia’s CEO is named Financial Times’ 2025 Person of the Year. Who is Jensen Huang?

AI leaders and executives have dominated lists for most influential people of 2025. The latest, Nvidia CEO Jensen Huang, was named Person of the Year by the Financial Times.

Euronews

Trump Will Let Nvidia Sell Chips to China, the Feds Will Keep 25 Percent of the Profits. Here's the Downside.

Why make the government a middleman in the chip war?

Reason

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What's Going On With Nvidia Stock Today?

NVIDIA Corp (NASDAQ:NVDA) shares closed higher Thursday as investors weighed fresh Washington scrutiny of the chipmaker's China business against still-robust AI demand.

Benzinga

Alibaba and ByteDance Move AI Training To Southeast Asia To Bypass US Nvidia Ban

Chinese tech giants Alibaba and ByteDance are moving AI training to Southeast Asia to skirt US bans on top-tier Nvidia chips.

International Business Times UK

G20 Leaders Defy Trump Boycott as Ramaphosa Secures Landmark Johannesburg Declaration on Climate and Debt

G20 leaders advance climate, debt and mineral reforms in Johannesburg despite President Trump's boycott, as Ramaphosa celebrates Africa's first G20 summit.

International Business Times UK

Taiwan set to avoid 'punishing' 300% tariffs on semiconductor exports, says report — new trade deal could spur $400 billion investment commitment from island nation

A senior Taiwanese ministry official said the U.S. will not put tariffs on its chip exports in exchange for helping Washington, D.C., copy its science park model for tech companies.

Tom’s Hardware

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What is in Trump’s controversial ‘secret peace plan’ to end the Russia-Ukraine war?

European officials have said the US president’s new 28-point peace plan is a ‘capitulation’

The Independent UK

John Ternus In, Tim Cook Out? Apple 'Prepares' Leadership Shake-Up Despite 'Record Revenue'

Apple is reportedly 'intensifying preparations' for CEO Tim Cook to step down, with hardware chief John Ternus as the likely successor.

International Business Times UK

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

Income tax – live: Markets spooked after Reeves U-turn on major Budget tax increase

Chancellor reported to have abandoned plans over fears they could anger both voters and backbench Labour MPs

The Independent UK

Despairing economists warn Reeves’s income tax U-turn will make system ‘too complicated’ – and will wipe out buffer zone

The chancellor has ditched plans to increase income tax, leading to fears she will not be able to create the buffer zone needed to protect the UK from economic shocks next year

The Independent UK

Government borrowing costs rise in wake of income tax U-turn speculation

Reports that the Chancellor has scrapped her plans to raise income tax at the Budget has sparked a sell-off in UK Government bonds.

Evening Standard

Reeves not ‘playing fast and loose with people’s money’ amid tax U-turn reports

Culture Secretary Lisa Nandy would not be drawn into speculation that Ms Reeves has abandoned plans for the manifesto-breaking tax hike.

Evening Standard

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Evening Standard

Reeves dumps plan to raise income tax in screeching Budget U-turn sending spooked markets into slide

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

The Independent UK

Rachel Reeves to ditch plan to raise income tax in Budget

Chancellor set to abandon income tax hike plan amid fears move could anger voters

The Independent UK

Rachel Reeves set to clamp down on high-end bike purchases in Cycle to Work scheme

It comes amid concerns about ‘Surrey Hills’ cyclists taking advantage of the scheme

The Guardian - UK

Rachel Reeves to cut tax benefits for workers using salary sacrifice schemes to buy bikes

Chancellor expected to introduce new limit on how much can be spent on a bicycle through cycle to work scheme

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news in one place.

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International Business Times UK

'Bonkers' AI Spending Spree Backfires — Google, Meta and Microsoft Debt Hit as Investor Anxiety Deepens

Companies like Google, Meta, and Microsoft are now turning to debt financing to scale up their AI infrastructures to meet market expectations.

Benzinga

Strongest Earnings Growth Since 2021: US Companies Beat Trade War Worries With Robust Q3 Results

The U.S. corporate sector is experiencing a significant surge in earnings, with the growth rate hitting a four-year high despite concerns over the impact of the trade war initiated by President Donald Trump.

Benzinga

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.”

Fortune

EU moves to weaken landmark AI Act amid pressure from Trump and U.S. tech giants, according to news report

The European Commission is considering softening parts of its flagship AI Act amid industry complaints that strict rules could stifle innovation and hurt competitiveness.

Benzinga

Nvidia Rallies As Microsoft Expands AI Infrastructure In Middle East With US Backing

Nvidia Corp (NASDAQ:NVDA) shares are trading higher after the U.S. reportedly approved Microsoft Corp (NASDAQ:MSFT) to ship the U.S. chip designer’s artificial intelligence chips for use in the United Arab Emirates (UAE).

International Business Times UK

AI Tools Fuel Rise in Fake Business Receipts as Companies Lose Millions

A new Financial Times report reveals how AI tools like OpenAI's GPT-4o are fuelling a surge in fake expense receipts, forcing companies to adopt AI-powered fraud detection.

Benzinga

Donald Trump Jr.-Linked Drone Maker Unusual Machines Wins Major Pentagon Deal

Donald Trump Jr. linked Unusual Machines Inc. (NYSE:UMAC) secured its largest Pentagon contract to date.

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