M&S turned to FBI ‘muscle’ after cyber attack

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Marks and Spencer enlisted the help of the US FBI agency after a sustained cyber attack, the British retailer’s chair told a parliamentary select committee. Archie Norman told the cross-party business committee on Tuesday that … Read more

ASML finds even monopolists get the blues

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Holding a virtual monopoly in a product on which the artificial intelligence boom relies should be a golden ticket. For chipmaker Nvidia, it has been. But ASML, which makes extraordinarily complex machines that etch silicon … Read more

Donald Trump says US will send Ukraine more arms

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has said the US will send more weapons to Ukraine, less than a week after Washington abruptly halted deliveries of some critical weaponry for Kyiv. The president’s comments signalled a departure … Read more

Samsung profits take big hit from US chip controls and AI memory shortfalls

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Samsung Electronics delivered an earnings shock on Tuesday, projecting a 56 per cent drop in second-quarter operating profit, as US restrictions on China and its struggle to supply key customer Nvidia with advanced memory products … Read more

America’s police-industrial complex has a meme stock

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Violent encounters between police and US residents claim about 2,000 lives a year. Axon Enterprise claims it has a way to reduce the frequency of such tragedies: by selling “neuromuscular incapacitation” devices to law enforcement. Readers … Read more