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The Latest Breaking News from the Financial Times

Morrisons to shut 100 lossmaking convenience shops as cost pressures bite

The shops set for closure have been unprofitable for years and were former McColl’s shops which the chain rescued in 2022.

Evening Standard

Arsenal clinch Premier League title after 22-year drought

PRESS REVIEW – Wednesday, May 20, 2026: The 17th Ebola outbreak in the DR Congo is getting a lot of coverage. Papers are looking into the impact of recent aid cuts on the emergency response plan. In the United States, President Donald Trump's battle with the Internal Revenue Service continues…

France 24

Will UK supermarkets cap food prices and how could it work?

Everyday food items such as eggs and milk could have their prices capped, according to reports

The Independent UK

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Treasury urges supermarkets to cap food prices to alleviate cost-of-living crisis

Chancellor fears Iran war will push up bills even further for struggling households but supermarket bosses brand plan ‘desperate’

The Independent UK

Government urged supermarkets to limit food prices, according to reports

The proposals would see grocers cap the prices of essential groceries such as eggs, bread and milk, according to the Financial Times.

Evening Standard

'The Butterfly Trust’: How Deutsche Bank maintained Jeffrey Epstein as a client until he was arrested

The bank said it fired Epstein as a client in 2018. In reality, it kept his accounts open until after he was jailed in 2019.

Fortune

Eric Trump plans to sue MS NOW over report blasting his presence in China: ‘A loving son who adores my father’

Eric Trump’s motives for joining his father on a trip to China this week have been under scrutiny due to his reported ties to a potential Chinese business venture

The Independent UK

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Eric Trump Threatens to Sue Jen Psaki and MS NOW Over China Trip Segment

Eric Trump threatened to sue Jen Psaki and MS NOW after the former White House press secretary aired a segment questioning his presence on President Donald Trump's trip to China while a Trump-linked company explored a deal involving a Chinese tech firm.

Latin Times

Weapons Shortage Concerns Grow as Pentagon Holds Off on New Munitions Deals: 'There Just Aren't Going to Be Enough Missiles to Go Around'

The Pentagon has reportedly warned allies including the United Kingdom, Poland, Lithuania and Estonia to expect serious delays for missile systems

Latin Times

Saudi Arabia Floats Non-Aggression Pact With Iran After Regional War

Saudi Arabia has discussed a possible non-aggression pact between Middle Eastern states and Iran, an effort to contain regional tensions after the U.S.-Israel war with Tehran and prevent a weakened Iran from becoming more unpredictable, according to diplomats cited by the Financial Times.

Latin Times

Anthropic has agreed terms for $30 billion funding deal at $900 billion valuation: FT

AI firm Anthropic is reportedly nearing a $30 billion fundraising round, valuing the company at $900 billion. This significant valuation surge, driven by rapid revenue growth and strong investor interest, positions Anthropic to potentially surpass rival OpenAI. The company is also expanding infrastructure partnerships and seeing increased customer adoption.

The Economic Times

Amazon exec says those phone rumors you've heard aren't what you think

An Amazon exec discussed the company's AI in an interview, but the major highlight is what's really going on with those phone rumors.

Android Central

Former Barcelona Star and Shakira's Ex Gerard Piqué Fined More Than $200,000 For Insider Trading

Since retiring from professional soccer, Piqué has been linked to several controversies involving both his personal life and business dealings. Last year, he appeared before a judge as part of an investigation into alleged illegal payments tied to the relocation of Spain's Super Cup to Saudi Arabia.

Latin Times

Missiles over Dubai rattle the Gulf’s billion-dollar money machine

The Gulf's image as a safe financial haven is under strain as regional conflicts disrupt deals and deter investors. Once booming IPO markets are slowing, with billions in transactions stalled. Even Dubai's property sector and major projects face delays and rising costs, forcing a reassessment of risk premiums.

The Economic Times

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The Guardian - UK

Airlines still have to pay compensation if flights cancelled due to fuel crisis, EU says

Ryanair says that unlike others it will not be cancelling summer flights as it hedged fuel contracts before Iran war

Tom’s Hardware

Samsung chip workers reject $340,000 one-time bonus, demand annual payouts like SK hynix's $900,000 — workers want share of AI windfall, impending 18-day strike could cost Samsung up to $11.7 billion

Negotiations between the National Samsung Electronics Union, which represents workers in the company’s chipmaking division, and management have seemingly broken down over a single issue.

The Independent UK

Rachel Reeves and Scott Bessent ‘argued’ in Washington after chancellor’s Iran war criticism

Ms Reeves reportedly hit back that she did not work for the US treasury secretary

The Independent UK

Ukraine-Russia war latest: Fighting escalates as Putin’s troops attempt to invade new Ukraine city

Kostiantynivka is part of Ukraine’s heavily fortified fortress belt in the country’s east

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The Independent UK

Phone bans are spreading across the US workplace

Phone bans, first popular in schools, are now spreading to workplaces across all sectors

Tom’s Hardware

Google, Microsoft, Meta, and Amazon capex spending to hit $725 billion in 2026, up 77% from last year — analyst says bear thesis is 'garbage'

Google, Amazon, Microsoft, and Meta collectively plan to spend $725 billion on capex in 2026, up 77% from last year's record $410 billion.

The Guardian - UK

Financial Times journalists in dispute with management over plans for office days

FT branch of NUJ say there is not ‘compelling case’ for mandate for editorial staff to be in office four days a week

Tom’s Hardware

OpenAI has effectively abandoned first-party Stargate data centers in favor of more flexible deals — company now prefers to lease compute and says Stargate is an umbrella term

OpenAI has reportedly modified its arrangement on several Stargate projects, leaving the direct ownership set up and instead preferring to lease compute from other partners who took on the direct risk of investing in the infrastructure.

The Independent UK

Ukraine-Russia war latest: Trump welcomes Putin’s offer of Victory Day ceasefire in ‘very good’ phone call

Trump says he expects Putin to observe 'a little ⁠bit of a ceasefire', while Ukraine is yet to respond to the proposed truce

PC Gamer

White House claim that China is 'engaged in deliberate, industrial-scale campaigns to distil US frontier AI systems' called 'pure slander' by Chinese embassy

A memo seen by the Financial Times places the blame on "foreign entities, principally based in China."

The Times of India

Britons opt for UK staycations as rising costs and travel concerns hit overseas trips

More people in the UK are choosing to holiday within the country this year, as rising fuel prices and concerns over international travel disrupt plans for trips abroad, according to a report by the Financial Times.

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