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The Latest Breaking News from the Financial Times

Stellantis CEO has stern warning about Chinese EV tariffs, as China plans retaliation

Chinese officials target Detroit bread-and-butter vehicles in reaction to Biden's tariffs.

The Street

New evidence bolsters allegations Adani Group overcharged for coal

On January 9, 2014, the bulk carrier MV Kalliopi L docked at Ennore port in Chennai, the southern Indian city in Tamil Nadu, after a fourteen-day voyage from Indonesia. It carried 69,925 metric tons of coal destined for the state’s power company.

Newslaundry

World's biggest hedge fund boosts its stake in Nvidia stock

A renowned hedge fund recently bought more Nvidia shares to profit from AI.

The Street

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Suspected Russian sabotage: The great return of Kremlin agents to Europe?

Amid fresh intelligence warnings that Russia is preparing “violent acts of sabotage” targeting Europe and NATO member states, security experts tell FRANCE 24 that they have already noted a significant uptick in what appear to be covert Russian sabotage operations.

France 24

Hedge fund manager says Europeans are 'less ambitious' than Americans

The executive of a trillion-dollar oil fund in Norway has some tough words on the work ethic of Europeans.

The Street

Samsung To Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

AnandTech

China is flooding the market with cars that are just stacking up at ports

The chaos reveals a glaring flaw in China's supply chain.

The Street

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Google is reportedly weighing paid AI-powered Search features

According to a new report, Google is considering making Search Generative Experience a paid feature, perhaps as part of the Google One AI Premium plan.

Android Central

Fast fashion retailer Shein doubles profits as it awaits IPO approval

Company founded in China and promoted on social media is thought to be considering London listing

The Guardian - UK

Billionaire investor Nelson Peltz has a problem with ‘woke’ Disney movies

Nelson Peltz has taken aim at the recent direction of Disney films in a new interview.

The Street

Stocks Open Lower as Investors Await U.S. Economic Data and Fed Speak

Stock indexes are down this morning as market participants looked ahead to a fresh batch of U.S. economic data and remarks from Fed officials.

Barchart

Stocks Set to Open Lower as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM24) are down -0.35%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as market participants looked ahead to a fresh batch of U.S. economic data and remarks from Fed officials.

Barchart

‘You are not alone’: what the papers say about Princess of Wales’ cancer diagnosis

UK papers report on chemotherapy treatment after weeks of speculation about Kate’s health

The Guardian - AU

Over 1m Ukrainians without power after major Russian assault on energy system

Kyiv says the country’s largest dam and hydroelectric plant were hit as Moscow unleashed 88 missiles and 63 drones

The Guardian - UK

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The Guardian - UK

John Gardiner obituary

Other lives: Financial journalist turned successful businessman, including as CEO of The Laird Group and chair of Tesco

Latin Times

Democrats' Advantage with Voters of Color Is at Its Lowest Point in Over Six Decades

An deep dive by the Financial Times explored the historical trend that led to the party's comparative weakness with several demographics

France 24

EU deliberates sending frozen Russian profits to fund Ukraine war effort

Brussels is working on a plan to send Ukraine the interest and profits generated from seized Russian assets according to the Financial Times. US lawmakers move towards a possible ban on TikTok, and Boeing fails 33 out of 89 tests in an FAA audit of its 737 Max production program.

Al Jazeera

Five key takeaways from China’s annual meeting of parliament

China is turning to ‘future technologies’ to boost is economy as it tries to turn the page on developers’ struggles.

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The Guardian - AU

‘We deserve better’: what the papers say about Jeremy Hunt’s pre-election budget

UK front pages are split in their verdicts, with some calling it ‘desperate’ and others declaring the economy ‘ready for take off!’

France 24

'A Fragile State': Nigerian poet Lola Shoneyin makes plea for democracy

A respected and passionate author has spoken to FRANCE 24 about her desire to ensure democracy, rights and freedoms and to speak up for women. Lola Shoneyin is a Nigerian author and poet. One of her latest projects is a stunning poem entitled "A Fragile State". It's part of a…

Tom’s Hardware

China provides 'computing vouchers' for AI startups to train large language models — designed to combat rising GPU costs due to US sanctions

China offers computing vouchers worth between $140 to $280 thousand to AI startups as U.S. sanctions bite.

Top News

UK's Hunt eyes public spending cuts to fund tax cuts

The Financial Times reports that the UK's Chancellor of the Exchequer, Jeremy Hunt, is considering further reductions in public spending to finance tax cuts.

The Guardian - UK

Asda owners used petrol forecourt firm to repay private jet loans

Billionaire Issa brothers borrowed $7m from EG Group in 2022 to repay debt taken on to buy jets

TechRadar

Some Intel chips are being banned following lawsuit - could a wider global sales ban, including Dell and HP laptops, be on the way?

Intel has been banned from selling certain chips (and any device that uses them), and faces more legal battles.

AnandTech

German Court Bans Sales of Select Intel CPUs in Germany Over Patent Dispute

A German court has sided with R2 Semiconductor against Intel, ruling that the chip giant infringed one of R2's patent. This decision could lead to sales ban of select Intel processors as well as products based on them in Germany. Intel, for its part, has accused R2 of being a…

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