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The Latest Breaking News from FT

State Department rejects Xi’s claim that US wants China to invade Taiwan

State spokesman says ‘One China’ policy unchanged after question from The Independent

The Independent UK

Labour would try to improve UK’s post-Brexit trade deal with EU, says Reeves

Shadow chancellor’s remarks mark shift in tone for party, which has preferred to not talk about Brexit so far

The Guardian - UK

Adidas probes alleged ‘large-scale bribery’ by staff in China: Report

Complaint includes allegations that a senior manager received real estate and ‘millions in cash from suppliers’.

Al Jazeera

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BP managers told to disclose office romances from the last 3 years or face the sack

BP updated is rules months after sacking its CEO Bernard Looney for "not being fully transparent" about past relationships.

Fortune

'Bond King' Bill Gross is about to make a killing on his stamp collection, but he thinks the market is due for a correction and is getting out

The Robert A. Siegel auction house said "this collection promises to set a new high-water mark for stamp collecting when it crosses the auction block."

Fortune

‘D-day was the final straw’: Sunak’s blunders ignite Tory party fury

Long-serving party members and MPs left aghast by unforced errors, poor strategy and a growing sense of resignation

The Guardian - UK

‘Real-life Martha’ from ‘Baby Reindeer’ sues Netflix for $170M over ‘biggest lie in television history’

Fiona Harvey claims she has been unable to leave her home after being falsely accused of stalking through the Netflix hit.

Fortune

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Jamie Dimon reportedly up for a knighthood in the U.K. as part of Rishi Sunak's honors nominations

Former Google CEO, billionaire Eric Schmidt, is also reportedly in the running for an honor.

Fortune

Gazprom faces decade-long journey trying to recover lost revenues from Ukraine war

State-owned Gazprom is unlikely to recover its export revenues until the mid-2030s thanks to European sanctions.

Fortune

‘Strong likelihood’ ECB is in dialling back phase, says Lagarde, after first rate cut since 2019 – as it happened

European Central Bank lowers borrowing costs for first time in almost five years, but won’t pre-commit to further cuts

The Guardian - UK

Campaign catchup: Fake figures, stealth taxes and a speeding Lib Dem

In today’s newsletter: The day after Sunak’s dubious £2,000 tax bomb, debate punditry is getting out of control

The Guardian - UK

Hedge funds paying for 'literally insane' short on U.K. stocks

Hedge funds have been caught off guard by sudden valuation jumps as companies eye cheap U.K. stocks.

Fortune

JPMorgan will play more 'Moneyball' as the Wall Street giant expands use of an AI tool to help portfolio managers 'correct for bias'

The AI tool is designed to show users “how they and the market have behaved in similar circumstances and helps them correct for bias and improve their process.”

Fortune

Ofwat considers cutting sewage fines for financially struggling water firms

Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector

The Guardian - UK

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Fortune

ONS dealing with 20% staf exodus weeks after facing strikes over return to office orders

Headcount has dipped at the ONS at the same time as the stats body fights with staff over office attendance.

The Guardian - UK

BHP walks away from £39bn pursuit of Anglo American; Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský – as it happened

Royal Mail’s parent company IDS agrees takeover offer but BHP’s pursuit of Anglo fails

Fortune

'Bond King' Bill Gross warns Trump would worsen deficits and be 'more disruptive' for the bond market than Biden

"Trump is the more bearish of the candidates simply because his programs advocate continued tax cuts and more expensive things."

The Guardian - UK

Thursday briefing: How a day of fevered general election speculation unfolded

In today’s newsletter: From a drop in inflation, to Cameron’s cancelled sojourn to Tirana. Now can Rishi Sunak persuade people that being ‘back to normal’ is enough?

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The National (Scotland)

The Scottish Government can't grow the economy within this Westminster system

This week, I address the lack of economic levers available to the Scottish Government as it seeks economic growth.

Evening Standard

Fintech firm pivots to porn and gambling

London fintech Curve completed a £133 million series-C funding round last year. How is it using the money to grow?

The Guardian - UK

We’ve got the talent and the tech. So why can’t Britain grow its own world-beaters?

Companies are deserting the FTSE because of a shortage of investment – but there is a solution

Fortune

Tesla chair says life-changing wealth boosts her independence as she blasts judge's critique of 'lackadaisical' oversight of Elon Musk—'That is crap'

“I had to look up that word . . . I will tell you, anybody who knows me, knows that I am not lackadaisical, now that I know what that word means."

Evening Standard

'Progress at last' - Sadiq Khan welcomes reports Government could pay for £1bn Euston HS2 tunnel

Rishi Sunak had pledged last year that the cost of the 4.5-mile tunnel would be covered by the private sector

Tom’s Hardware

Intel issues revenue warning after US revokes Huawei export licenses — further efforts to restrict China's access to AI chips

The U.S. government has revoked export licenses for select processors for PCs and smartphones — Intel and Qualcomm can no longer ship to Huawei.

The Guardian - UK

Danger and opportunity for news industry as AI woos it for vital human-written copy

With large language models needing quality data, some publishers are offering theirs at a price while others are blocking access

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