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The Latest Breaking News from the Financial Times

New Zealand departs climate action group

The Beyond Oil and Gas Alliance no longer counts New Zealand as an associate member after the mining-friendly Kiwi government opted to leave the group.

AAP

France and Germany pledge ‘unshakeable determination’ in face of Russian threat

World leaders have convened in the Netherlands for a two-day Nato summit, with a key objective to endorse a new defence spending target of 5 per cent of each country’s GDP. French president Emmanuel Macron and German chancellor Friedrich Merz jointly expressed support for US efforts to preserving Ukraine's sovereignty…

The Independent UK

BBC threatens legal action against AI startup over content scraping

Letter sent to Perplexity AI but US-based firm calls corporation’s claims ‘manipulative and opportunistic’

The Guardian - UK

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US government 'raises concerns' over plans for Chinese factory in Scotland

The US government has reportedly raised concerns with the UK Government over plans by one of China’s largest wind turbine makers to build a new…

The National (Scotland)

Trump On Iran: 'It's Not Complicated' As Israel Prepares For Possible Action

"I don't want to say it's inevitable, but it looks like something that could very easily happen," said Trump.

International Business Times

Succession power struggles as Mall of the Emirates owners ordered to restructure

Authorities likely want to avoid any further infighting that could slow down the growth of a firm that long has made hiring Emiratis a key goal

The Independent UK

China's BYD Will Strike At The Heart Of Japan's Car Market

Today on Critical Materials: China is coming for Japan's kei cars, Uber plays a pivotal role in Tesla vs Waymo robotaxi battle and electric semis target diesel.

InsideEVs

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U.S. ban on EDA software hits Chinese tech companies hard — Xiaomi, Lenovo among affected

Xiaomi, Lenovo, and other Chinese tech companies will lose access to updates and tech support from American EDA companies, so they'll have to switch to local suppliers instead.

Tom’s Hardware

Sizewell C nuclear power plant ‘could get go-ahead within weeks’

Keir Starmer expected to confirm result of 15-year search for investment at UK-France summit next month

The Guardian - UK

Jony Ive built the iPhone, now he's building something new to save you from it

Jony Ive and OpenAI's Sam Altman want to redesign your relationship with technology, because "Humanity deserves better."

Laptop

UN demands probe as Israeli forces kill 3 more people near Gaza aid site

UN Secretary-General Antonio Guterres calls for an independent inquiry into the mass shooting of Palestinians.

Al Jazeera

Stocks Fall as President Trump Expands Chip Software Restrictions on China

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.45%. June E-mini S&P futures (ESM25 ) are down -0.50%, and June E-mini Nasdaq futures...

Barchart

UK ambassador Peter Mandelson says he wishes he never met Jeffrey Epstein

UK ambassador to the US was asked if he stayed in one of Epstein’s properties while he was in jail

The Independent UK

JPMorgan Chase CEO Jamie Dimon warned Trump foreign policy would push allies to China. Greenland is reaching out now

‘We do want to partner up with European and American partners. But if they don’t show up, I think we need to look elsewhere,’ Greenland's business minister says

The Independent UK

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Tom’s Hardware

Oracle has reportedly placed an order for $40 billion in Nvidia AI GPUs for a new OpenAI data center

Oracle aims to deploy 400,000 Nvidia GB200 AI chips at a Texas data center to support the U.S. Stargate Project.

The Guardian - UK

Reform UK promises to reverse ban on new North Sea oil drilling if elected

Party spokesperson says policy has ‘clear benefits for securing jobs and energy independence’

Fortune

Big Food’s Big Tobacco moment: Arianna Huffington

How the culture is changing on food and health.

Motor1

The Stellantis-Renault Merger Isn't Happening, Despite Rumors

With 14 car brands under its corporate umbrella, Stellantis is already an automotive juggernaut. Renault isn’t exactly small either, considering it owns the sports car brand Alpine and the budget automaker Dacia. Despite reports suggesting a potential tie-up, the two aren’t looking to join forces. Speaking at the Financial Times'…

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news in one place.

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Windows Central

Salesforce CEO claims Microsoft's OpenAI partnership is in the crosshairs with "a full proximal rupture" that can't be mended

Salesforce CEO Marc Benioff claims there's a "huge breach between Microsoft and OpenAI", claiming it's about to rupture and nothing will put it back together.

International Business Times UK

PwC Axes 1,500 US Jobs While Splashing Millions on 'Pointless' Rebrand

Global accounting giant PwC is facing criticism for laying off 1,500 US employees while simultaneously undertaking a costly brand refresh.

International Business Times

Bill Gates Speeds Up Giving Away Fortune, Blasts Musk

Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally.

The Guardian - US

Bill Gates says his Foundation will close in 2045 and decries Musk for USAID cuts

Microsoft co-founder accuses Trump ally of involvement in ‘killing the world’s poorest children’ by slashing US aid funding

MusicRadar

Splice acquires Spitfire Audio in rumoured $50m deal

The two companies plan to work together on new products that "blend Spitfire Audio’s cinematic soundscapes and orchestral expertise with Splice’s sample catalog and AI-powered discovery engine"

The Independent UK

China seizes control of disputed reef and plants national flag near Philippine military base

Chinese media says coastguard units entered remote sandbank, known in China as Tiexian Reef, ‘to exercise sovereignty’

International Business Times UK

Apple's Shift of US iPhone Assembly to India Marks a Strategic Blow to China, But How?

Apple's reported plan to shift all US-bound iPhone assembly to India as early as next year marks a significant strategic move to reduce reliance on China.

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