Bond sell-off sent warning on Fed’s credibility, says top central bank official
Alberto Musalem says he supported dissenters’ calls for a quarter-point interest rate rise
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Financial Times
Global business from the Financial Times
Business · 720 articles · page 14 of 20 · fetched about 1 hour ago
US Treasury undertakes historic intervention in yen market
New York Fed sells euros to buy yen following recent speculation that Tokyo intervened to support Japan’s currency
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Citadel’s swoop on Situational Awareness helped stem a $3tn AI rout
Investors say the hedge fund deal reassured jittery traders in tech stocks
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Amazon completes $50bn investment in OpenAI
Ecommerce giant has roughly 5% stake in AI lab after equity deal
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Google Earth AI tool pulled after spate of fake satellite images
Security experts say generative tools risk eroding trust in satellite images used to verify conflict damage and…
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How 60,000 people swam to Spanish territory
Migrants spent days preparing to reach the Spanish enclave of Ceuta from neighbouring Morocco
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Leopold Aschenbrenner vows to ‘fight another day’ after fund plunges 67% in July
Manager of AI hedge fund Situational Awareness tells investors he will learn from ‘very expensive scars’
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Spain’s prime minister condemns influx of 60,000 migrants
Mass arrival at enclave of Ceuta is ‘violation of . . . territorial integrity’, says Pedro Sánchez
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NXP in talks to buy $3bn-plus designer of camera chips for self-driving cars
Deal would land amid consolidation wave sweeping semiconductors as they position for AI revolution
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Europe’s long hot summer
Wildfires show climate change adaptation needs to move up the agenda alongside mitigation
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Israel’s far right urges Netanyahu to reject Trump’s Gaza plan
Prime minister has not commented on the US president’s claim that Hamas has agreed to disarm
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I helped bring in US bank stress tests. Now it is time to drop them
The time-consuming ritual risks misleading the public about the true health of the financial system
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Fed dissenters warn of challenges in taming inflation
Three rate-setters rebelled against US central bank’s majority decision to hold rates steady this week
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Burnham says Infantino is ‘wrong man’ to lead Fifa after stake-sale plan
UK prime minister’s intervention raises pressure on Fifa president after resignation of a top adviser
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Chevron and Exxon earnings soar as Trump threatens price interventions
Rise in profits comes amid increasing political scrutiny ahead of US midterm elections
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South Korean stock market soars 18% as investors pile back into AI
Chipmakers rebound at end of bruising month for the sector, helped by Wall Street rally
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Coal back in favour as US plant bidding war highlights rising demand to power AI
Top utility fought ‘aggressively’ to outbid data centre developer for control of West Virginia facility
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Eurozone inflation rises to 2.9% in July
Energy shock will keep the ECB on alert ahead of September rate decision
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Trump says Hamas has agreed to disarm over time
US president claims Board of Peace reached breakthrough in Gaza talks
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We’ve moved from income world to wealth world
Passive wealth gains increasingly matter more than earnings for one’s standing in society
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JPMorgan walks into another football firestorm
After getting caught up in the Super League controversy, the US bank has been instrumental in Fifa’s plans to raise…
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Russia targets hundreds of Ukrainian petrol stations
Missile and drone attacks on highly flammable fuel stops seen as retaliation for Kyiv’s strikes on refineries
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China is smarter about subsidies than everybody else
Beijing is stealing a march on its competitors by targeting strategic sectors
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The return of Boeing
The US aviation giant is winning back trust after a near-decade strewn with disasters. Now it needs to make money again
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Big Tech AI spending spree tops $1tn
Google, Amazon, Microsoft and Meta have vastly increased their investments since the AI boom began in 2023
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How Leopold Aschenbrenner, the ‘golden child’ of the AI trade, was laid low
The $20bn hedge fund manager’s wild ride ended with a call to Ken Griffin
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Anthropic’s Claude AI models hack into 3 outside groups during testing
Start-up discloses breach a week after rival OpenAI reported similar incident
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Trump ‘not sure’ he will let Ukraine build Patriot missiles
US president had earlier said he would allow Kyiv to produce the weapon vital for its defence against Russia
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Amazon increases AI infrastructure spending to $220bn this year
Seattle-based group had in April expected to spend $200bn in 2026
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Saudi Arabia announces maritime defence coalition as Houthi attacks threaten Red Sea route
Fourteen countries, including Pakistan, Turkey, Egypt and Sudan, vow to protect shipping and energy supplies
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Apple defies smartphone downturn with strong iPhone sales
Smartphone revenue rose more than a fifth as rivals struggle
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Skirts and sandwiches fail to excite cautious IPO investors
Reformation and Jersey Mike’s test market appetite for consumer sector that has faced twin pressures
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Fifa’s $20bn commercial spin-off at risk as Europe unites behind World Cup boycott
Concacaf joins Uefa in opposing Gianni Infantino’s plan to bring outside capital into football
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Madrid deploys army as thousands of Moroccans swim to Spanish enclave
Mass arrivals in Ceuta heap further pressure on embattled Prime Minister Pedro Sánchez
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