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The Latest Breaking News from FT

The AI stock market wave: chancing an Arm?

If ever a float could be said to test current market conditions, it may be that of Arm, the SoftBank-owned British chip designer that has “started the countdown” for a Nasdaq IPO in early September, said the FT.

The Week

UK poised to confirm fifth delay to post-Brexit checks on imports

Latest hold-up is intended to cut risk of new charges being passed on to consumers amid cost of living crisis

The Guardian - UK

Dorries claims she is ‘working daily’ on behalf of her constituents amid calls for her to resign – as it happened

She made the comment in response to repeated claims she is neglecting her duty as an MP

The Guardian - UK

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Labour not watering down its workers’ rights plans – Angela Rayner

The Financial Times newspaper reported that Labour has scaled back its commitments to bolster workers’ rights in an attempt to woo corporate backers.

The Independent UK

Labour changes wording of pledges on workers’ rights as Rayner says party is ‘far from watering down’ policy – as it happened

Deputy leader says party would legislate to improve workers’ rights within 100 days as policy forum tweaks plans for ‘day one’ rights such as sick pay

The Guardian - UK

Nvidia Flooded With AI Chip Orders From Oil-Rich Saudi Arabia And UAE

The powerful chips that power AI software and applications are being purchased in greater quantities by Saudi Arabia and the UAE.

Zenger

Bogus Analysis Claim of the Week: The Price For a 'Basket' of Top U.S. Streaming Services Has Surpassed Cable TV?

Sure, we agree that the era of cheap streaming is over, but let's not go as far as the Financial Times just did

Broadcasting & Cable

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Netflix and Disney Plus price rises mean streaming now costs more than cable TV

Streaming services promised more choice and better quality for less cash. You'll never guess what happened next.

TechRadar

Tony Blair's institute still advising Saudi Arabia after journalist's murder

Sir Tony Blair’s institute has continued to advise and receive money from the government of Saudi Arabia since the murder of Jamal Khashoggi, it…

The National (Scotland)

Youthquake rumbles to a stop? Support for the left falls among New Zealand’s young voters

Bucking global trends, polls find young voter support higher for National and right coalition than Labour as election nears

The Guardian - AU

LK-99: the room-temperature superconductor discovery causing a stir

The scientific community remains “deeply sceptical” over claims of a discovery of the world’s first superconductor able to operate at room temperature and under normal pressure.

The Week

Fabulous foodie adventures in Peru, Japan and Australia

His restaurant in Lima, Central, took top spot in this year’s World’s 50 Best Restaurants list – but the Peruvian chef Virgilio Martinez’s outpost in the Andes, Mil, makes for a yet more remarkable “foodie pilgrimage”, said Paul Richardson in the FT.

The Week

UK Brexit checks on fresh food from EU delayed for fifth time, reports say

Government source reportedly says there are concerns extra red tape could fuel further inflation

The Guardian - UK

Could Taiwan’s military defences withstand a Chinese invasion?

Taiwan’s military is fundamentally “not suited” to defend against a possible Chinese invasion, a leading US research institute has concluded.

The Week

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The Independent UK

Government cuts cost of polluting in Britain in latest anti-green move

Ministers quietly rolled out changes to a carbon trading scheme which lets companies compensate for their greenhouse gas emissions

The Week

The UK students taking on universities over Covid disruption

Around 5,000 current and former University College London (UCL) students are seeking compensation, claiming their tuition contracts were breached after teaching went online during Covid with restricted access to facilities.

Fortune

Kanye's unsold Yeezys raise $563 million for Adidas

The German sportswear giant cut ties with the rapper after his public antisemitic rants.

Evening Standard

The market view on London stocks: it hates them

City Comment: Legal & General move is latest blow to the FTSE

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news in one place.

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The Guardian - UK

Farage affair is ‘a monumental PR disaster’ for exclusive bank Coutts

Private lender’s reputation is at risk after decision to cut ties with former Ukip leader and comments about him

The Independent UK

Private sector tech experts to be seconded to Civil Service, minister says

Cabinet Office minister Jeremy Quin said the number of placements will be uncapped.

Fortune

Sensitive U.S. military information has been sent to Mali for years thanks to a simple typo

A contractor in the middle of the so-called “typo leak” repeatedly warned U.S. officials about the risk, according to the FT.

The Week

Two-child benefit cap: a litmus test for Keir Starmer?

Keir Starmer is performing a careful balancing act between maintaining his party’s economic credibility and defending a policy that is deeply unpopular among the majority of Labour MPs and supporters.

The Guardian - UK

Nvidia in talks to be anchor investor in Arm flotation, say reports

Semiconductor powerhouse could invest hundreds of millions of dollars in Cambridge-based firm

The Week

Five options to get the UK back to 2% inflation

Bank of England (BoE) governor Andrew Bailey has said inflation will fall “markedly” this year, as he signalled that the central bank is likely to raise interest rates once again in an attempt to reach its 2% inflation target.

The Week

What’s causing China’s deflation crisis?

China’s economy is teetering on the brink of a deflation crisis as its recovery from the pandemic stalls.

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