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The Latest Breaking News from the Financial Times

Odey High Court legal claims to be tried together, judge rules

Crispin Odey is suing the Financial Times for libel and is separately being sued by five women over denied claims of alleged misconduct.

The Independent UK

Chinese companies allegedly smuggled in $1bn worth of Nvidia AI chips in the last three months, despite increasing export controls — some companies are already flaunting future B300 availability

Data suggest that more than a billion dollars' worth of banned Nvidia chips have been sold in the second quarter of 2025 alone.

Tom’s Hardware

Stocks Finish Slightly Lower on Mixed Earnings Results

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.05%. September E-mini S&P futures (ESU25 ) fell -0.08%, and September E-mini Nasdaq futures (NQU25...

Barchart

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Dollar Weakens as a Fed Official Calls for Rate Cuts

The dollar index (DXY00 ) Friday fell by -0.24%. The dollar came under pressure today following comments from Fed Governor Christopher Waller on Thursday evening, who stated that he supports a Fed interest rate cut at the July 29-30 FOMC meeting. Also, an easing of inflation expectations in today's University...

Barchart

Financial Times ‘unconvinced’ Odey libel claim is ‘serious’, High Court told

Mr Odey is suing the publication for at least £79 million in damages over four articles published in 2023.

Evening Standard

Global Payments Stock Climbs After Elliot Management Takes Stake

Global Payments, Inc. (NYSE:GPN) are trading higher in Tuesday's extended sessions after the Financial Times reported that activist hedge fund Elliott Management acquired a significant position in the company.

Benzinga

The New Economic War: How Trade, Tech And Tariffs Became Weapons Of Power

Global realignments are not just boardroom concerns—they're already impacting markets and consumers. Investors are seeing increased volatility in sectors sensitive to trade policy, such as energy, healthcare and tech.

International Business Times

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Linda Yaccarino ‘lasted two years in a job that would have crushed most in two weeks,’ X insider says

Yaccarino left X after Musk’s AI chatbot referred to itself as ‘MechaHitler’ and called for a new Holocaust

The Independent UK

Tesla Killed The Button—BYD Just Brought It Back

It's drizzling, but your wipers are thrashing like it's a downpour. You fumble with the touchscreen to adjust them, hit the wrong icon, and activate something else. The screeching wipers on dry glass drive you mad — making you long for the days when a simple stalk did the job.

Benzinga

Split Screens On Wall Street: Why Markets Can't Agree On Trump's Tariff Storm

Optimists argue tariffs are politically motivated bargaining tools—not lasting economic barriers. A boost in AI and tech enthusiasm further bolsters sentiment.

International Business Times

Apple Could Dive Further Into Formula 1 Partnership After Success of ‘F1’ Film

Is Apple ready to take another big swing in the world of live sports?

Sports Illustrated

Nvidia becomes first company ever to hit a $4 trillion market cap (yes that's 'trillion' with a 'T')

This is fine!

PC Gamer

Shein files to float in Hong Kong but hopes to keep London IPO alive – reports

The fast fashion retailer confidentially filed a draft prospectus last week with the Hong Kong exchange, the Financial Times reported on Tuesday.

Evening Standard

Hacker 'turf war' unfolding as Russian DragonForce ransomware gang drama could lead to 'double extortions,' making life even worse for potential victims

Through the fire and flames they saw... a reason to pick a fight with RansomHub.

Tom’s Hardware

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The National (Scotland)

Tony Blair’s staff took part in 'Gaza Riviera' project, reports say

STAFF at an institution founded by the former prime minister Tony Blair participated in plans to develop a postwar Gaza into a “Trump Riviera”…

Benzinga

'I Still Feel Responsibility,' Says Ex-Apple Executive Sir Jony Ive, Pledging to Fix Tech's Harms With $6.4 Billion AI Device

"I still feel responsibility," former Apple (NASDAQ:AAPL) design chief Jony Ive told the Financial Times in an interview earlier this month. OpenAI announced in May it would acquire his hardware startup for $6.4 billion to develop an AI device aimed at addressing the negative effects of smartphones.

The Independent UK

US dollar suffers worst start to year in more than five decades, report claims

The dollar index has fallen more than 10 percent in the first six months of the year, a new report says

Benzinga

Trump Ally Eyes $500 Million Deal in Peace Plan for DR Congo

Global financier and longtime Trump associate Gentry Beach is reportedly negotiating for control of the Rubaya coltan mine in the Democratic Republic of Congo (DRC). The Trump administration-backed initiative, accompanied by support from a consortium including the Swiss trading house Mercuria, shows the current preference for the US engagement with…

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We Got This Covered

‘Gold sneakers, Bible, phone’: But Eric Trump pinky swears the Trumps didn’t profit off politics — right

If there's one family that hasn't profited off politics.

Evening Standard

Centrica preparing to take 15% stake in Sizewell C nuclear plant, reports say

The investment would mean Centrica has about the same size stake in Sizewell C as EDF, the Financial Times reported.

AAP

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.

The Independent UK

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 Guardian - 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 National (Scotland)

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…

International Business Times

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.

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