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Top Headlines from the UK Edition
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Top economies heading for biggest budget deficits since Covid, IMF warns
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| At its annual meeting, the fund calls for ‘urgent’ action to rebuild public finances |
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Houthi assault on Saudi airports strikes at MBS’s economic vision
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| Deadly bombardment of Riyadh’s international airport threatens crown prince’s plans to turn kingdom into finance and events hub |
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Elon Musk injects $275mn into Republicans’ fight to retain Congress
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| Trillionaire Tesla chief has become party’s biggest donor ahead of November’s pivotal midterms |
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UK imposes new sanctions on Iran over RAF Fairford incident
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| Andy Burnham says events at Gloucestershire base used by US military were ‘almost certainly directed’ by Islamic Revolutionary Guards |
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Britain, Brexit and the cat-flap option
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| The political, strategic and economic momentum for a reversal of Brexit is growing |
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Top Headlines from the International Editions
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Chip stocks slide in wake of ‘casino’ comment by Broadcom boss
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| Declines for Samsung and SK Hynix drag Kospi sharply lower as investors fret over scale of AI investment |
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China faces uphill battle to wean tech firms off Nvidia chips
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| The country’s tech giants are snapping up products never designed for advanced AI to satisfy soaring computing demands |
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Donald Trump says he is ‘looking at’ firing envoy to Greece over alleged misconduct
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| US president contemplating dismissing Kimberly Guilfoyle after report claiming she accepted improper gifts |
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The diesel crisis is testing the limits of globalisation
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| Seemingly rational choices by individual states will weaken collective energy security and accelerate fragmentation |
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India’s Narendra Modi faces ‘bitter pill’ as Cockroach protests mount
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| Widening unrest takes aim at election integrity and threatens prime minister’s legitimacy |
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France to raise stake in struggling miner Eramet
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| Paris set to become top shareholder as states race to secure critical mineral supplies |
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Trump’s Russian diesel gambit is cynical and won’t work
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| The US president risks harming Ukraine to curb prices driven up by his own war |
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Goldman goes long stocks — and bonds*
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| *Not all bonds |
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Oil prices rise as Trump’s ‘energy ceasefire’ frays
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| Announcement followed deal with Putin as US president tries to contain impact of higher fuel costs ahead of midterm elections |
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Private equity puts string of UK high street names up for sale
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| Owners of PizzaExpress, Morrisons and Itsu seeking exits as buyout groups cool on sector |
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Asia warned over zombie companies
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| Share of groups unable to service debt in region has doubled since 2008, IMF says |
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Franco-German deal on EU car policy is ‘imminent’, says Emmanuel Macron
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| Agreement would push back Europe’s phaseout of combustion engines and boost car production on the continent to combat Chinese competition |
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LVMH’s fashion and leather sales fall in luxury setback
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| Paris-listed group hails ‘buoyant’ US market but said sales were hit by slowdown in demand in China |
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Watch out luxury: mid-market fashion brands are staging a comeback
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| While LVMH’s sales slid more than the market expected in recent months, Uniqlo’s are going gangbusters |
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Mark Zuckerberg says Meta has reached AI ‘frontier’
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| FT interview: tech billionaire touts release of new Muse Wonder model after vast spending to challenge rivals in AI race |
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It’s time for the UK to reward whistleblowers financially
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| Incentivising insiders to come forward will transform how we tackle fraud |
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Can a financier really revive LIV Golf?
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| BC Partners’ Ted Goldthorpe is hoping to prove the doubters wrong in pulling the circuit out of bankruptcy and making global team golf viable |
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Why AI won’t kill the creative class
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| Used right, the technology can unleash human creativity rather than destroy it |
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A tale of two possums
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| In Australia the marsupials are treated with reverence, while in New Zealand they are being turned into ponchos |
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Andy Burnham’s own goal
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| Manchester’s reputation is becoming the collateral damage of ‘Manchesterism’ |
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Why women look online for answers to inequality at work
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| Senior managers should acknowledge that current reporting systems too often shift risk to those who raise concerns |
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