BUSINES

A Chicago aerospace company is hoping to capitalise on Doge-inspired cost-cutting fervour and persuade the US military to embrace a seemingly surprising practice: buying used spare parts for its commercial-style planes. For years, AAR, which services aircraft for government and commercial clients, has maintained the military could save billions by buying overhauled parts, also known … Read more

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Consulting firms have long thrived on the inefficiencies of the public sector. In the US, they are called in to help the government perform all kinds of functions, from beefing up cyber security … Read more

The long unthinkable prospect of Ukraine fighting without US weapons, equipment or intelligence looks set to become a reality after the White House on Monday announced it would cut military aid to Kyiv. A senior Ukrainian intelligence official said that Ukraine would probably run out of the last American military supplies in “two or three … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A company aiming to revive extinct animal species has unveiled genetically engineered “woolly mice” that it says are an important milestone in its quest to bring back mammoths.  US-based start-up Colossal Biosciences said the shaggy … Read more

Hours after Taiwan’s crown jewel company promised that it would invest an extra $100bn in the US, President Donald Trump gave a chilling reminder of why so many in the Asian country are keen to seek his favour. Trump’s apparent readiness to abandon Kyiv, suspending military aid to Ukraine after bluntly telling President Volodymyr Zelenskyy … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For a still nascent technology, generative artificial intelligence already has an impressive resume. It can compose music, summarise wads of legal documents in seconds and generate television adverts based on minimal descriptive input. To become … Read more