BUSINES
‘You’re going to have to throw a lot against the wall before you figure out what sticks’
Marc Benioff, the co-founder and chief executive of $262bn software giant Salesforce, always has a lot to say. The decabillionaire is Silicon Valley’s arch salesman and a ubiquitous figure in San Francisco. His 61-storey tower dominates the skyline and Dreamforce annual conference takes over the city for a week in September, where he is flanked … Read more
Microsoft to axe 3 per cent of workforce in latest round of job cuts
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft will cut 3 per cent of its global workforce, the latest round of job cuts at a Big Tech company, as it seeks to streamline operations and pare layers of middle management. The Redmond, … Read more
Just another banger slideshow from SoftBank
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Like the FA Cup final or a Wallace & Gromit Christmas special, SoftBank’s full-year results presentations have become an annual tradition nearly everyone can enjoy. The 2025 edition dropped today. It’s characteristically SoftBank. Here’s Slide … Read more
Wolfspeed creditors extend rescue financing offer to avert bankruptcy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Junior creditors of Wolfspeed Inc., a strategically sensitive US chipmaker, have offered rescue financing to the struggling company to pre-empt a potential bankruptcy filing. A group of hedge funds and other investors sent a proposal … Read more
Spain investigates cyber weaknesses in blackout probe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spain is demanding information from small electricity generators on their cyber defences as investigators probing last month’s blackout seek to determine whether they were a weak link exploited by bad actors to bring down the … Read more
CoreWeave seeks new $1.5bn debt deal after downsized IPO
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave is preparing to raise about $1.5bn in debt that could be used to refinance part of its massive liabilities just weeks after the artificial intelligence data centre operator listed in New York to a … Read more
Hong Kong crypto investor Animoca plans US listing as Trump lures more groups
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Hong Kong’s Animoca Brands plans to list in New York as Donald Trump’s light-touch regulation of digital assets offers a “unique moment” to enter the world’s largest capital market, says the boss of … Read more
California sues Trump administration over blocked funds for EV charging
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world California and a coalition of 16 states filed a lawsuit against the Trump administration on Wednesday, saying it had unlawfully blocked $5bn in congressional funds allocated to build electric vehicle charging infrastructure. The … Read more
Republicans present plans to gut US support for clean energy
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Republicans have outlined far-reaching plans to gut government support for clean energy as part of a series of legislative proposals to fund sweeping tax cuts promised by US President Donald Trump. Congressional lawmakers … Read more