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The Latest Breaking News from the Financial Times

China bans its biggest tech companies from acquiring Nvidia chips, says report — Beijing claims its homegrown AI processors now match H20 and RTX Pro 6000D

Beijing is reportedly telling its biggest tech companies to buy local instead of purchasing Nvidia's latest China-specific AI chips.

Tom’s Hardware

US And UK Move Toward Joint Crypto Regulatory Framework

US officials see the effort as a way to keep dollar-denominated stablecoins competitive globally, while UK regulators want to make London a hub for digital asset finance post-Brexit.

International Business Times

Japan to subsidize undersea cable vessels over 'very serious' national security concerns — will front up to half the cost for $300 million vessels bought by NEC

Japan wants NEC to buy its own undersea cable-laying ships and is considering covering nearly half the purchase cost of these vessels.

Tom’s Hardware

From analysis to the latest developments in health,
read the most diverse news in one place.

Top analyst who once feared 'the end of capitalism' rips French and British boomers for sabotaging Gen Z futures

"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing," Albert Edwards wrote on LinkedIn.

Fortune

Who Wins If Nvidia Is Sidelined in China? The Hidden Suppliers That Could Rise

China's probe into Nvidia and US export bans could reshape the AI chip market, opening doors for domestic players like Cambricon, Biren, and Moore Threads, though big hurdles remain.

International Business Times UK

Barclays chief urges Government to limit wage rises and avoid hiking bank taxes

CS Venkatakrishnan, chief executive of the banking group, told the Financial Times that wage inflation was a problem across the UK economy.

Evening Standard

Disgruntled NYT journalist to ‘anti-woke’ power grab: how far can Bari Weiss go?

After leaving the New York Times, she turned her Substack into an unshakable pro-Israel voice. Now as Paramount eyes acquisition of her company, Weiss is poised to become Trump’s ally among media elites

The Guardian - US

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SEC Launches Crackdown On 'Bilge Bracket' Firms Over Cross-Border Fraud

The SEC is sharpening enforcement against auditors, underwriters and advisers accused of enabling speculative micro-cap listings, warning that geographic distance will not shield bad actors from U.S. oversight.

International Business Times

This One Number Shows What's Going Wrong At Tesla

Today on Critical Materials: Tesla's market share drops to lowest point since 2017, VW considers tariff deal, and Hyundai's via problem were an

InsideEVs

Conflicting reports emerge on suspected Russian GPS jamming of von der Leyen's plane

Euronews' verification team, EuroVerify, has compiled a timeline of the contradicting statements which have emerged following allegations that Russian GPS jamming targeted the flight of European Commission President Ursula von der Leyen.

Euronews

Will Hyundai Raid Spark a Diplomatic Rift Between US and South Korea?

Nearly 500 workers were detained in a massive ICE raid at Hyundai's Georgia battery plant, including over 300 South Koreans. As Seoul pushes for their release, questions loom over whether the crackdown will spark a diplomatic rift between the US and South Korea.

International Business Times UK

'Godfather of AI' says the technology will create massive unemployment and send profits soaring — 'that is the capitalist system'

"We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad."

Fortune

SPACs, SMRs and How to Invest in the Nuclear Insurgency

Big nuclear deployments are in process, but small modular reactors could be a better way to meet rapidly rising electric power demand.

Kiplinger

‘It’s all theatre’: How are Europe and the US pulling apart on Ukraine?

Each side is trying to spend the other’s money on security, as they shift to a new geopolitical equilibrium.

Al Jazeera

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The Conversation

Russia’s GPS interference: do I need to worry when flying?

On Sunday, a plane carrying European Union chief Ursula von der Leyen was reportedly forced to land in Bulgaria using paper maps after its GPS navigation systems were jammed. Bulgarian authorities claim the jamming was deliberate Russian interference, though a Kremlin spokesperson told the Financial Times this was “incorrect”.

The Independent UK

Ukraine-Russia war latest: Top EU leader’s plane forced to land blind after suspected Russian GPS jamming

Pilots driving a plane carrying European Commission head Ursula von der Leyen were forced to use paper maps to land

InsideEVs

'Unacceptable For Customers': Volvo Is Racing To Fix Software Issues

Volvo's EVs, including its flagship EX90, are riddled with software bugs. Its CEO says the automakers is focusing on fixing these as quickly as possible.

PC Gamer

The US government could get even more Intel stock if the company ends up losing control of its chip manufacturing business

Though time will tell if $20 a share is good.

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news in one place.

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Windows Central

Microsoft's Satya Nadella reportedly wants to scrap the 'AGI' clause that could let OpenAI leave its partnership before 2030

Microsoft and OpenAI are reportedly unlikely to reach favourable terms before December 31, which could lead to losing investor funding, outsider interference, and hostile takeovers.

Latin Times

Trump Calls for Soros and Son to Be Charged for Racketeering: 'Not Going to Allow These Lunatics to Rip Apart America'

President Trump on Wednesday called for federal prosecutors to charge billionaire philanthropist George Soros and one of his sons under the Racketeer Influenced and Corrupt Organizations Act (RICO).

Reason

Trump Says He 'Paid Zero' for the Government's $11 Billion Stake in Intel. Here's the Downside.

This is corporate socialism in a MAGA hat.

International Business Times

Powell's Jackson Hole Pivot Supercharges September Cut Odds, But Data Will Decide

Fed funds futures now imply an 85 to 90 percent chance of a 25-basis-point reduction at the Sept. 16–17 policy meeting, up from roughly 75 percent before Powell's speech.

Fortune

‘It’s almost tragic’: Bubble or not, the AI backlash is validating one critic’s warnings

Gary Marcus told Fortune that AI valuations remind him of Wile E. Coyote. “We are off the cliff.”

The Guardian - UK

‘Hopelessly insolvent’: how ‘saviour of steel’ Sanjeev Gupta’s global empire unravelled

This week’s collapse of the tycoon’s Yorkshire operations brought relief for some. It echoes insolvency steps at 15 of his companies

Tom’s Hardware

China tells tech giants to halt Nvidia H20 orders after U.S. official’s ‘addiction’ remark — Chinese leaders call Lutnick's comments 'insulting'

Sec. Lutnick’s remarks drew the ire of Chinese leaders who could have potentially drawn on historical parallels.

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