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Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. The valuation of US fintech Plaid has fallen by more than half to about $6bn, a victim of stubbornly high interest rates and signalling a more challenging environment for fast-growing start-ups. Plaid, which built its financial … Read more
Apple’s and Google’s mobile stores have been hosting several popular “private browsing” apps operated by a company connected to a Chinese cyber security firm blacklisted by the US government. At least five free virtual private networks (VPNs) available through the US tech groups’ app stores have links to Shanghai-listed Qihoo 360, according to a new … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is the author of ‘Chip War’ At the start of this year, President Donald Trump declared that “enhancing America’s global AI dominance” was a central goal of his presidency. His dealmaking around TikTok’s … Read more
One global trade war to start: Donald Trump detailed new restrictions targeting America’s trading partners on Wednesday. The US will impose so-called reciprocal tariffs on China of 34 per cent, hit the EU with a levy of 20 per cent and impose a universal 10 per cent tariff on all countries — including the UK. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Samsung has turned to Chinese technology groups to prop up its ailing semiconductor division, as it struggles to secure big US customers despite investing tens of billions of dollars in its American manufacturing facilities. The … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The White House is close to endorsing a deal for US investors to buy TikTok’s American operations, wresting control of the popular video app from its Chinese owners. Under the terms of the transaction, … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Shares in Donald Trump’s social media company fell after the president opened the door to selling his entire $2.3bn stake, just as global investors were bracing themselves for his “liberation day” tariffs. Shares … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CNBC will launch a subscription TV streaming service on platforms including Apple TV and expand its radio-like audio options, as the US broadcaster revamps its international schedule. Deep Bagchee, president of CNBC International, who is … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is research assistant at the Oxford School of Global and Area Studies Vladimir Putin does not use the internet, according to a Russian intelligence officer who defected. Nor does he have a smartphone. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nintendo’s long-awaited Switch 2 console will go on sale on June 5 at a price that suggests the threat of US President Donald Trump’s tariffs could hit the video gaming industry’s hopes for a new … Read more