BUSINES 
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An artificial intelligence tool to mark schoolchildren’s homework is being developed using a trove of UK government data, ahead of plans to sell public records including health information within a decade. A new government scheme … Read more
Europe’s battle to break Musk’s stranglehold on the skies
Big brands are allocating small amounts of their advertising budget to Elon Musk’s X, seeking to avoid being seen as boycotting the social media platform and triggering a public fallout with its billionaire owner. Multiple marketing executives told the Financial Times that companies have felt pressure to spend a nominal sum on X following Musk’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Engineering company Smiths Group has become the latest manufacturer to establish a route around US President Donald Trump’s trade policies, by preparing to make some of its semiconductor testing devices in Texas instead of China. … Read more
Soon after lawyer Paul Verrico posted a plea on LinkedIn for hand sanitiser for his cancer charity in March 2020, the chief operating officer of a large Hong Kong energy company offered to help. During their discussions, the COO said it was a shame Verrico’s team at law firm Evershed Sutherlands did not operate in … Read more
Stay informed with free updates Simply sign up to the Work & Careers myFT Digest — delivered directly to your inbox. Donald Trump’s national security adviser used one emoji of a clenched fist, another of an American flag and another of a blaze of fire. Trump’s Middle East and Ukraine negotiator chose two American flags, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AP Møller-Maersk has warned that plans for a shipping emissions trading scheme intended to fix the price gap between fossil fuels and green energy would only encourage the sector’s use of LNG. The measures will … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence group xAI has purchased social media platform X for $45bn, as the billionaire entrepreneur brings together two of his flagship businesses. “xAI and X’s futures are intertwined,” Musk said on Friday … Read more
CoreWeave chief executive Michael Intrator and executives at private equity giant Blackstone got together in the summer of 2023 in a WeWork in Brooklyn to hash out the terms of a large and unusual loan. That first deal would lead to one of the largest private financings in US corporate history, Blackstone’s biggest single loan … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave closed flat after a volatile trading debut after the data centre operator downsized its initial public offering over concerns about its business model and waning exuberance in groups linked to artificial intelligence. The company’s … Read more