Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Architects of the EU’s landmark artificial intelligence act have urged Brussels to halt “dangerous” moves to water down the rules, which would spare big US tech groups such as OpenAI and Google from key elements … Read more
Elon Musk’s Starlink is set to cement its dominance of the satellite internet market with a surge in revenues this year, but the world’s richest man’s ties to US President Donald Trump are shifting from an asset to a hindrance in its global rollout. The billionaire’s SpaceX group is engaged in talks to rapidly bring … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pool Re chief executive Tom Clementi has warned that the UK’s specialist insurer against terrorism could become “obsolete or irrelevant” amid the growing threat of state-sponsored attacks. In an interview with the Financial Times, Clementi … Read more
Back in the heyday of China’s boom a decade ago, Zhou Yousheng’s shoe factory in Guangdong province employed more than 100 workers. In those days, China’s abundant supply of cheap labour and highly concentrated supply chains made it a dominant force in low-end manufacturing. The country’s share of global footwear exports, for example, hit more … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Australian politician Julia Gillard once wondered what it was about “the air in England that makes conservatives care about climate change”. The Conservative party’s commitment to a greener planet made it an outlier among … Read more
Chinese artificial intelligence start-ups are overhauling their business models as they fight to remain competitive following the widespread adoption of rival DeepSeek’s technology across the country. Zhipu, once considered China’s most prominent large language model start-up, has pinned its hopes on an initial public offering to sustain its cash-intensive growth as it focuses on building … Read more
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. Today’s newsletter is about two legal cases that have significant business ramifications. In Bengaluru, X is suing the government over what it has … Read more
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. UK government officials are working on options to soften the impact of Britain’s digital services tax on US technology companies in an effort to secure a tariffs deal with the White House, after the Trump … Read more
CoreWeave is facing nearly $7.5bn in debt repayments by the end of next year, requiring investors in its blockbuster public listing to take a leap of faith in the cloud computing group’s ability to grow fast enough to settle the looming obligations. The US company, which leases computing capacity to tech groups building artificial intelligence … Read more
The biggest US investors in TikTok’s owner ByteDance are exploring a deal alongside software giant Oracle designed to assure President Donald Trump that the viral video app is free of Chinese control. Under the plan, existing backers of ByteDance including General Atlantic, Susquehanna, KKR and Coatue will seek to acquire additional stakes in a spun-off … Read more