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Sir Keir Starmer will on Thursday accept an invitation to hold talks on defence co-operation with the EU, in the first such meeting between a British prime minister and the bloc’s 27 leaders since Brexit. António Costa, the new European Council president, will extend the symbolic invitation to Starmer at a meeting in Downing Street,
Microsoft said it expected to take an $800mn impairment charge stemming from General Motors’ decision to restructure its driverless car unit, Cruise. The Redmond, Washington-based tech group in 2021 joined GM, Honda and institutional investors in a combined new equity investment of more than $2bn to help the Detroit-based carmaker accelerate the commercialisation of autonomous
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 10,000 civil service jobs are set to be cut under ministers’ plans to find savings of 5 per cent to their departments in the spending review, according to government figures. Ministers are looking
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. A decade ago, after selling Siri to Apple, the creators of the voice-controlled AI assistant had another big idea. With their new company, Viv, they set out to solve a persistent problem for smartphone users:
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran has sought to put a brave face on the sudden overthrow of its Syrian ally Bashar al-Assad, insisting it will continue to confront the US and Israel in the region even after evacuating thousands
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Business leaders have warned chancellor Rachel Reeves at a private meeting that the economic environment is “extremely challenging”, with companies facing major uncertainty due to her tax-raising Budget and the government’s planned package of employment
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of tractors drove through Parliament Square on Wednesday in the latest protest by UK farmers against changes to tax reliefs announced by Rachel Reeves in the Budget. Farmers from across the country drove to
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation rose to 2.7 per cent in November, as the Federal Reserve considers how quickly to press ahead with lowering interest rates. The figure was in line with the expectations of economists polled by
President Biden plans to formally block NipponSteel’s proposed takeover of USSteelon national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported Tuesday, citing people familiar with the matter. The US national security panel reviewing the deal must refer its decision on the merger to Biden by
A Chinese citizen living in Los Angeles allegedly flew a drone and took aerial images of Vandenberg Space Force Base last month, federal prosecutors said Monday. Yinpiao Zhou, 39, was arrested this week at the San Francisco International Airport prior to boarding a China-bound flight, the Justice Department said. He is charged with failure to register an
Millennials are relying on their credit cards more than ever as they face their most financially challenging holiday season yet, according to new data. Since 2020, millennials have used credit cards for the majority of their holiday spending between 70% to 80% and the percentage has been climbing, according to a three-year analysis of 2,000
A bride-to-be lost her irreplaceable engagement ring down a storm drain during what was planned to be a magical photo shoot with her fianc celebrating his recent proposal. Niki Mack and Corey Berebitsky were taking engagement photos at the Italian Cultural Garden in Cleveland, Ohio on Nov. 24 when the disaster struck, People reported. The
He’s hoping to earn double. A Mega Millions player alleges he is the rightful owner of the two jackpot-winning tickets sold at the same California gas station last year, but lost the second ticket as time to claim the award has expired. Faramarz Lahijani publically stepped forward in June to claim his half of the
President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appointed by President Biden, will be “the most America First, and pro-innovation FTC Chair in our Countrys History,” Trump said. “Andrew has a proven record of standing up to Big
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The UK’s highest court is to hear an appeal brought by car loan providers in a landmark mis-selling case that has put the country’s financial services industry on the hook for potentially billions of pounds
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The soft voice helped. So did the weak chin and gawky height. Throw in the medical training in London, as well as the marriage to an urbane local, and it is small wonder
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The owner of London’s St Pancras station has laid out plans to more than double the passenger capacity of the UK’s only international train terminal, taking advantage of booming demand for high speed rail travel.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London’s Heathrow airport has forecast its busiest ever festive period, with a jump in passengers travelling on Christmas Day set to cap a record-breaking year of travel for the UK’s largest airport. On Wednesday, the
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