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The Latest Breaking News from the Financial Times

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

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‘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

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 Conversation

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

The Independent UK

'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.

InsideEVs

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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.

PC Gamer

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.

Windows Central

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).

Latin Times

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.

Reason

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.

International Business Times

‘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.”

Fortune

‘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

The Guardian - UK

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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.

Reason

Is Conscientiousness Cratering? It Depends on How You Twist the Data.

Despite those viral charts you may have seen, conscientiousness among young people doesn't actually seem to be in "freefall."

The Independent UK

Trump and Zelensky to meet at the White House Monday as fallout from Putin Alaska summit continues. Here’s what to expect

Trump spoke with Zelensky for more than 90 minutes after his Alaska meeting with Putin

The Guardian - UK

Four ways the UK has tried to stop small boat Channel crossings

From Rwanda to wave machines, successive governments have tried, and failed, to deter people crossing from France

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Benzinga

Deal Dispatch: BeyondTrust On The Block; NBA Teams, Dr. Phil, Alex Jones In Spotlight

For the previous edition of Deal Dispatch, click here.

Reason

U.S. Revenue Grab on Chip Exports Raises Legal, Economic Alarms

The Trump administration will allow Nvidia and AMD to sell chips in the Chinese market—in exchange for 15 percent of their revenue.

PC Gamer

Nvidia and AMD will reportedly pay 15% of their Chinese revenue to the US government so they can sell AI-capable chips there, despite warnings from security experts

The Guardian - UK

Gold futures jump to record high after US tariffs on cast bars

Imposition of 39% import rate described as ‘another blow’ to Switzerland’s world-leading refining industry

Al Jazeera

US senator plans trip to Taiwan as Trump’s interest in island cools: Report

Report says US Senator Roger Wicker may visit Taiwan after President William Lai Ching-te cancelled Latin America trip.

Benzinga

Nancy Pelosi Slams Trump For Blocking Taiwan Leader's NYC Visit—Says US Looks 'Bullied By Beijing,' Calls It A Win For Xi Jinping Amid Trade Talks

Former House Speaker Nancy Pelosi criticized President Donald Trump‘s decision to deny Taiwan President Lai Ching-te permission to visit New York, calling it a dangerous signal that America “can be bullied by Beijing into silence on Taiwan.”

Benzinga

US Holds Back Tech Export Crackdown To Support Trump-Xi Talks

The United States has temporarily halted restrictions on technology exports to China, according to a Monday report from the Financial Times. This pause is intended to prevent disruptions to ongoing trade discussions with Beijing and to bolster President Donald Trump’s push for a meeting with Chinese President Xi Jinping later…

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