The push to decarbonise European steelmaking suffered a fresh blow last week as ArcelorMittal turned down more than €1bn in public subsidies to convert its German plants to run on greener hydrogen. The company blamed the prohibitively high cost of energy, just as Swedish steel producer SSAB also admitted to delays at its flagship low-emission … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world At least the Soviet Union only produced one “Sputnik moment”, when the launch of its orbiting satellite in 1957 administered a galvanising shock to the US scientific and defence establishment. America’s current superpower … Read more
If you are over the age of 40, there is a good chance you remember where you were on September 15 2008, the day Lehman Brothers went bust. It was one of the first of many shocking moments during the last global financial crisis, a searing time of bank runs, crashes and bankruptcies when big economies … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Meta’s use of millions of books to train its artificial intelligence models has been judged “fair” by a federal court on Wednesday, in a win for tech companies that use copyrighted materials to develop AI. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia shares hit a record high on Wednesday, marking a turnaround for the chip company following a rocky start to the year marked by US-China tensions over critical artificial intelligence technology. The US chip designer’s … Read more
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is programme director of the Institute for Global Affairs at Eurasia Group When OpenAI and Mattel announced a partnership earlier this month, there was an implicit recognition of the risks. The first toys … Read more
Stay informed with free updates Simply sign up to the Film myFT Digest — delivered directly to your inbox. At the end of November 2022, OpenAI released ChatGPT, a chatbot that quickly announced we were living in a new age. A week later, Universal Pictures gave the world M3gan, a comedy horror with a wickedly … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple is locked in last-minute negotiations with Brussels regulators over making changes to its App Store to avoid a series of escalating EU fines due to come into force this week. The $3tn company is … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia is reviewing whether to expand its groundbreaking social media ban for under-16s to include YouTube, after the country’s internet safety regulator said the Google-owned video sharing website is where children suffer the most online harm. … Read more
Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. A patient died as a result of a ransomware attack on the National Health Service last year, which disrupted thousands of appointments and procedures at major London hospitals. Synnovis, which processes blood tests on behalf … Read more