Apple has poached dozens of artificial intelligence experts from Google and has created a secretive European laboratory in Zurich, as the tech giant builds a team to battle rivals in developing new AI models and products. According to a Financial Times analysis of hundreds of LinkedIn profiles as well as public job postings and research
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Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. Prices of non-food items in UK supermarkets have fallen year on year for the first time since 2021, taking overall shop inflation below 1 per cent, according to industry data that will come as a
BNP Paribas and Macquarie have become two of the latest banks to push back their expectations of US interest rate cuts. A team of economists at French bank BNP said in a note that they expect the first Federal Reserve rate cut to take place in December, later than previously anticipated. “In light of stronger-than-expected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Skydance and Shari Redstone’s holding company are offering a $3bn investment in Paramount in an effort to win support for a complex merger that has frustrated investors and led to the departure of the Hollywood
When Humza Yousaf tore up a power-sharing deal with the Scottish Greens last Thursday at Bute House, he sought to improve his nationalist party’s prospects by shifting away from the progressive policies associated with the coalition. Four days later, that political miscalculation boomeranged back on the first minister in historic fashion as Yousaf returned to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. All political lives, remarked the UK politician Enoch Powell, end in failure. For Scotland’s pro-independence first minister, Humza Yousaf, the end has come far sooner than expected when he took office barely a year ago.
BHP’s unsolicited £31bn takeover approach for Anglo American has shaken up the mining industry, provoking speculation that the storied company is ripe to be sold or broken up. Anglo rejected the preliminary offer on Friday as “highly unattractive” but investors expect BHP to return with an improved deal or for a rival to emerge with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WeWork’s senior creditors are poised to take control of the reorganised co-working space provider after agreeing to invest a fresh $450mn, effectively ending Adam Neumann’s attempt to purchase the company he founded. A federal bankruptcy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Humza Yousaf’s resignation on Monday as Scotland’s first minister came less than a week after he ended a power-sharing deal between his Scottish National party and the Scottish Greens. Yousaf’s decision to step down fired
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has significantly softened its stance on the conditions for a hostage deal with Hamas, raising hopes of a breakthrough in diplomatic efforts to end the war in Gaza. After weeks of deadlock, Israel has
Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on win-win cooperation, citing
Its the wheel deal. Blade the helicopter company that shuttles city elites to the Hamptons for $1,000 a flight is rolling out a swank coach service as a more affordable, but still luxe, alternative. Were excited about the white space that exists between a $40 Jitney ride and $1,000 helicopter flight, Blades CMO Roisin Branch told
One of the nations leading evangelists is warning Christian parents that Taylor Swifts newest album contains lyrics that seemingly oppose the faith. Shane Pruitt, the author of Calling Out the Called and an evangelist who tours with the annual Winter Jam concert, sparked an online debate Monday with comments on his Facebook page that led to
Actor Lucas Black recently shared that he has no regrets about stepping away from NCIS New Orleans in 2019 in order to put his family first. “I chose to step away from ‘NCIS New Orleans’ because the schedule was long hours and gruesome,” Black, the 41-year-old father-of-three, told The Christian Post. “There was only a
Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an Office of
Open your virtual A-eyes. A new study testing ChatGPT’s artificially intelligent image creator showed an aggressive tilt toward men over women when asked to depict business people and chief executive officers, according to finance company Finder. Using DALL-E the generative AI, prompt-based photo creator integrated into ChatGPT from parent company OpenAI 99 out of 100
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Humza Yousaf’s resignation is not merely a story of personal political incompetence, although it does take some beating on that score. It also highlights a dangerous reality for his Scottish National party. They no longer
Stay informed with free updates Simply sign up to the Asia-Pacific economy myFT Digest — delivered directly to your inbox. The Middle East is in flames. There is a war in Europe. America is in turmoil. Fortunately, I am in Japan. Here, the cherry blossom season is coming to a gentle end. The idea that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK ministers will on Monday set out plans to squeeze benefits claimed by millions of people with long-term disabilities and health conditions, as part of a drive to cut the government’s spiralling welfare bill. Mel
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is set to open a probe into Meta’s Facebook and Instagram as soon as Monday over concerns the social media giant is failing to do enough to counter disinformation from Russia and other countries.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world’s biggest auto market.