Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel launched air strikes on Iran on Saturday and declared a state of emergency across the country. Iranians heard massive explosions in central Tehran. “The State of Israel launched a pre-emptive strike against Iran to … Read more
Condé Nast, the publisher of Vogue and The New Yorker, is preparing for a future in which Google search is “no longer a meaningful driver” of its business, in a striking acknowledgment of how AI is upending the news industry. Google accounted for a majority of visits to Condé Nast’s websites just a few years … Read more
A landmark law that limits children under the age of 16 to one hour per day on social media apps has been blocked by a US court, in a blow to child safety campaigners seeking to limit exposure to sites such as Instagram and YouTube. In an opinion released on Friday, a federal judge in … Read more
At his Beverly Hills home last Saturday night, Warner Bros Discovery boss David Zaslav received a call from David Ellison. Paramount had upped its bid by $1 a share to $110bn for WBD and conceded to several key demands in the months-long struggle for control of the legendary Hollywood studio. The fierce takeover battle had … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone chief executive Stephen Schwarzman took home more than $1.2bn last year amid record profits at the world’s largest alternative investment group, the company’s annual report on Friday said. Schwarzman’s income marked a 20 per … 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 Donald Trump has given Anthropic six months until it will be cut from US government contracts, saying the AI start-up made a “disastrous mistake” in challenging the Pentagon over the military use of … Read more
As Tehran and Washington hold tough negotiations to avert war, the pair have been at odds over longstanding issues: Iran’s nuclear programme, its ballistic missile arsenal and its network of proxy groups in the region. Tehran’s atomic programme has for decades been an area of contention with the west. US President Donald Trump’s lead negotiator, … Read more
US bank stocks are on track for their worst sell-off since Donald Trump’s tariffs shook markets in April as concerns intensify around lenders’ exposure to a downturn in private credit sparked by AI disruption fears. The KBW bank index, which includes the largest US banks such as JPMorgan, Citi and Bank of America, fell 5.8 … Read more
Wall Street lenders are scrambling to understand the extent of losses on billions of pounds they lent to a UK-based mortgage provider that collapsed suddenly amid fraud allegations, reigniting fears of poor underwriting standards in the booming market for asset-backed lending. Firms including Barclays, Jefferies and Apollo’s Atlas SP Partners, its structured credit arm, extended … 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 As the drumbeats of a new American war in the Middle East sounded this week, US defence secretary Pete Hegseth was busy battling a very different opponent: high-profile AI start-up Anthropic. In a … Read more