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The Latest Breaking News from the Financial Times

OpenAI sneaks out website update, no longer lists Microsoft as minority owner

At some point this month, OpenAI stopped listing Microsoft as a minority owner. Instead, the organization's website now lists Microsoft as having a minority economic interest. Here's what that means.

Windows Central

Ryanair boss Michael O’Leary heads for €100m bonus

No-frills airline’s shares hit record high, taking chief executive closer to massive payout

The Guardian - UK

Ministers hope £64bn package will stave off more local council bankruptcies

Michael Gove to announce extra support for social care and housing as one in five English councils foresees going bust

The Guardian - UK

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Cambridge University reportedly could drop Barclays in favour of greener bank

UK lender is a major European funder of oil and gas projects and university has said it does not want to back fossil fuel expansion

The Guardian - UK

Forget iPhone 16 — the iPhone 17 could get this serious performance boost

Chip foundry TSMC showed off a chip built on a 2-nanometer process to Apple executives. If everything goes according to schedule, the chipset could debut in 2025's iPhone 17, delivering significant performance and efficiency gains over the current A17 Pro.

Tom’s Guide

‘We cannot work with both sides’: A major Emirati AI company has picked a side in the U.S.-China tech war

“We need to be very cautious,” G42’s CEO said after U.S. intelligence officials raised concerns over the firm’s ties to Chinese technology companies.

Fortune

How new reports reveal Israeli intelligence underestimated Hamas and other key weaknesses

After the surprise Hamas terrorist attack on Israel from the Gaza Strip on Oct. 7, 2023, many observers were puzzled about how Israel could have been caught completely off-guard.

The Conversation

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US Charges Indian Man With Plotting Hit On Sikh Separatist

US prosecutors unveiled charges on Wednesday against an Indian national they say planned to assassinate a Sikh separatist leader on US soil under the direction of an Indian official.

International Business Times

Pro-Palestine Facebook post sparks CIA warning

The incident illustrates the deep divisions that the war in Gaza has opened up within US government institutions.

Al Jazeera

Starmer open to Elgin Marbles deal with Greece – reports

Sir Keir Starmer would not opposed any loan deal that would involve the Elgin Marbles being returned to Athens, according to reports.

The Independent UK

Ex-employees accused tech boss Jones of sexual harassment and bullying

Lawrence Jones stepped down as CEO of web host provider UKFast after the Financial Times reported claims of sexual harassment.

The Independent UK

Washington warned India against plot to kill Khalistani separatist Gurpatwant Singh Pannun in U.S.: report

U.S. warned government about New Delhi’s alleged involvement in plot to kill Khalistani separatist Gurpatwant Singh Pannun on U.S. soil, the Financial Times reported

The Hindu

‘Back to the future’: how the papers covered the return of David Cameron

Rishi Sunak’s decision to bring a more moderate figure to his cabinet and oust Suella Braverman is viewed as likely to set up a clash with the Tory right

The Guardian - AU

A billionaire hedge fund kingpin is feuding with the sheriff of Wall Street over an obscure rule in the multi trillion-dollar bond market

Citadel founder and CEO Ken Griffin says the SEC's new regulations will cost taxpayers billions and raise borrowing costs for businesses.

Fortune

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Android Central

Google opts for a different approach to get iMessage to support RCS

Google and several EU companies have penned a letter to the Commission in hopes of pushing Apple to adopt RCS.

The National (Scotland)

David Pratt: Settler violence in West Bank could hasten Netanyahu's demise

It was way back in 1997 that I found myself sitting opposite the man who founded the Lebanese Shia Islamist political party and militant group,…

The Guardian - UK

‘Designed to distress and deter’: the impact of Slapp lawsuits on journalists and free speech

Individuals and campaigners tell of damage done by powerful people using the courts to try to shut down investigative reporting

The Guardian - UK

Odey Asset Management to shut after sexual misconduct allegations against founder

Financial institutions have cut ties with hedge fund set up by Brexiter and Conservative party donor

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The National (Scotland)

Rachel Reeves 'holds hands up' amid accusations of plagiarism in new book

SHADOW chancellor Rachel Reeves’s publisher has said future editions of her new book will be revised after accusations parts of the work had been…

The Conversation

Fallen crypto king Sam Bankman-Fried was 'perfectly positioned to make a religion of himself'

A year ago, Sam Bankman-Fried (often called “SBF”) was on top of the world. He had been on the covers of Forbes, which dubbed him “the richest twentysomething in the world”, and Fortune – the equivalent, for a business leader, of a rock star on Rolling Stone, or an athlete…

Fortune

Beijing could scupper another merger involving a US chips firm just as the Biden administration clamps down on China’s tech sector

A delay could be retaliation for new U.S. controls on sales of advanced AI chips to China.

Caixin Global

EU Probe of Chinese Steel Will Disrupt Global Supply Chains, China Warns

Commerce Ministry blasts subsidies investigation that’s expected to be part of a U.S.-EU deal to end Trump-era tariffs on European steel

Fortune

92-year-old billionaire behind Formula One just admitted to being a tax fraud to the tune of £652 million

Bernard Ecclestone is paying about $793 million for decades of tax fraud.

The Independent UK

India and Canada held ‘secret meeting’ after eruption of diplomatic row – report

‘Back-channel meet’ may have been first instance of discussions since bitter diplomatic feud began

Newslaundry

New exposé around the corner? Adani Group slams Financial Times for ‘next attack’

Perhaps preempting a new story on its operations, the Adani Group issued a statement yesterday lamenting a “renewed attempt” by the Financial Times “to rehash old and baseless allegations to tarnish the name and standing of the Adani Group”.

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