US indicts Saudi employee of OpenAI for allegedly bugging its offices
AI lab discovered recording device and reported it to the FBI
URSY.NEWS / Topic
Business
Bank of America fined $1.2bn over money laundering failures
US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border
Saudi-led coalition strikes Houthi targets in Yemen capital
Donald Trump accuses Iran-backed militants of deliberately trying to drive up oil prices ahead of the US midterm elections
‘Pro-business’ Burnham reassures chief executives on tax
Prime minister and chancellor host roundtable meetings with leading business figures to calm nerves ahead of the Budget
Will bank earnings growth become a thing of the past?
It would be foolish to think the Wall Street giants can’t outrun the threat of AI
Wall Street plays down investor fears of faltering trading boom
JPMorgan Chase and Goldman Sachs earnings boosted by equities businesses in another strong quarter
English football on ‘edge of financial disaster’, warns game’s new regulator
Widening losses and rising debts leave most of country’s clubs in perilous position despite Premier League’s riches
How not to revive Europe’s auto industry
The electric vehicle market shows how legacy EU companies continue to fail when it comes to countering Chinese competition
White House asks US envoy to Greece Kimberly Guilfoyle to resign
Donald Trump had said he was considering firing the ambassador after reports claiming she accepted improper gifts
Ships in Hormuz strait hit by worst spate of attacks since start of war
Twenty-four tankers and other vessels targeted by Iran in two weeks, including six on Sunday alone
Iran has made ‘major shift’ to target UK military sites, says MI5 chief
Ken McCallum warns that both Tehran and Moscow are seeking to escalate hybrid warfare, with state threats quadrupling in a decade
Anthropic warns rogue AI agents may ‘self-replicate’ to hijack everyday devices
Claude maker suggests models could act as ‘worms’ to spread across smart home appliances such as ovens and TVs in future cyber security threat
Goldman and JPMorgan to report on trading slowdown as earnings season kicks off
Wall Street banks expected to report worst trading results of year following record second quarter
Healey rejects calls to equalise capital gains and income tax rates
UK proposal had been backed by senior Labour figures, triggering nervousness among entrepreneurs and investors
Cyber attack on French supermarket fridges raises alarm over food security
Hackers disrupt refrigeration systems and spoil food at several hundred stores
Visa gets approval for China card business ahead of Trump-Xi summit
US payments giant has sought market access for more than a decade
Investors brave US Treasury rout to lock in highest yields in decades
Government bond funds are attracting record inflows as borrowing costs hit their highest level in decades
UK chances of keeping £3.8bn bitcoin haul rise after High Court ruling
Judge in London rules that Chinese victims of massive crypto fraud cannot rely on English law to seek compensation
Who’s really hiring you — HR or cyber security?
Fraudulent use of AI in the jobs process is forcing the warm and fuzzy realms of the former to work with the suspicious minds of the latter
Why Trump is going for Zelenskyy’s jugular
No matter how much America’s allies urge the president to back Ukraine, he cannot forgive its leader for showing up his dealmaking impotence
The election supercycle set to drag Europe right
In the space of 12 months, four of the five biggest EU member states will go to the ballot box. The bloc may never be the same
Asia warned over zombie companies
Share of groups unable to service debt in region has doubled since 2008, IMF says
Chip stocks slide as fears mount over scale of AI investment
‘Casino’ comments by Broadcom boss help push Samsung and SK Hynix down sharply in Seoul
IMF upgrades outlook for UK as AI drives growth spurt
The fund believes Britain is emerging as one of the winners of the tech boom
Top economies heading for biggest budget deficits since Covid, IMF warns
At its annual meeting, the fund calls for ‘urgent’ action to rebuild public finances
China resorts to Nvidia gaming chips in search for AI firepower
The country’s tech giants are snapping up products never designed for advanced AI to satisfy soaring computing demands
Trump says he is considering firing Guilfoyle over alleged misconduct
US president is ‘looking at’ dismissing the ambassador to Greece after report claiming she accepted improper gifts while in office
Houthi assault on Saudi airports strikes at MBS’s economic vision
Deadly bombardment of Riyadh’s international airport threatens crown prince’s plans to turn kingdom into finance and events hub
The diesel crisis is testing the limits of globalisation
Seemingly rational choices by individual states will weaken collective energy security and accelerate fragmentation
Zuckerberg says Meta has reached AI ‘frontier’ and rejects calls for slowdown
FT interview: tech billionaire touts release of new Muse Wonder model after vast spending to challenge rivals in AI race
Trump’s Russian diesel gambit is cynical and won’t work
The US president risks harming Ukraine to curb prices driven up by his own war
US agents raid home of Trump critic Ilhan Omar
Homeland Security officials launch criminal investigation into the Minnesota representative
Musk injects $275mn into Republicans’ fight to retain Congress
Trillionaire Tesla chief has become party’s biggest donor ahead of November’s pivotal midterms
UK imposes new sanctions on Iran over RAF Fairford incident
Andy Burnham says events at Gloucestershire base used by US military were ‘almost certainly directed’ by Islamic Revolutionary Guards
Nato’s supreme commander warns Moscow against attacks in Europe
Alexus Grynkewich says Russia’s ‘hybrid’ war is unsettling even if conflict is not imminent
Private equity puts string of UK high street names up for sale
Owners of PizzaExpress, Morrisons and Third Space seeking exits as buyout groups cool on sector
Britain, Brexit and the cat-flap option
The political, strategic and economic momentum for a reversal of Brexit is growing
Putin is breaching Trump’s ‘energy ceasefire’, Zelenskyy says
Ukrainian president says Russia conducted strikes on power plants after US president’s announcement on Sunday
Nobel Prize for economics awarded to Hall and Woodford
Live coverage of exciting economicsy stuff
Riyadh defiant as Houthis launch new missile strikes on Saudi Arabia
International oil company chiefs stay away from energy congress after airport attacks
Burnham’s own goal
Manchester’s reputation is becoming the collateral damage of ‘Manchesterism’
Burnham to tell MPs that refusing closer EU ties a ‘dereliction of duty’
Prime minister to address Commons on Monday as he seeks to reopen debate on Brexit
Oil prices fall after Trump claims ‘energy ceasefire’ in Ukraine war
Announcement follows diesel deal with Putin as US president tries to contain impact of higher fuel costs ahead of election
Trump battles for the Senate
Losing the Republican majority in the chamber would be bruising for the president. A vote in rural Iowa may determine his fate
Wall Street’s record-breaking trading streak set to cool
Analysts forecast sharp slowdown when banks report third-quarter results next week after a bumper start to the year
Heathrow needs Burnham green light for runway by end of year, warns boss
Airport will have to ‘reassess’ £33bn project if prime minister does not openly back expansion plan, Woldbye tells FT
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising public debt will loom over IMF and World Bank meetings
Nato should prepare for deadly Russian ‘hybrid’ attack, says Poland
Foreign minister Radosław Sikorski says risk of casualties is rising as Moscow escalates sabotage campaign on European soil
There is a smarter way to tax the rich
Increasing US corporate tax raises government revenues without harming the tax base
Charles de Gaulle airport owner linked to services for sanctioned airline
Subsidiary of Groupe ADP, which is backed by the French government, has not stopped all work for Russia’s Ural Airlines
The huge lurking leverage of AI hyperscalers
While equity investors look to sunny futures, creditors are scrutinising liabilities like leases on data centres
How to pay for social care
Automatic enrolment worked for pensions — a similar scheme could pool the risk of heavy costs from illness and infirmity in later life
City of London hits out at Burnham’s plan to scrap non-compete clauses
Prime minister’s pledge is backed by tech groups but hedge funds and banks say it will damage competitiveness
Burnham to step up UK business outreach amid fears of Budget tax rises
Prime minister and chancellor to meet chief executives and lobby groups after complaints about lack of detail on plans for economy
Healey’s Budget will be ‘fiction’ without plan for £35bn hole in spending, IFS warns
Influential think-tank says a ‘do nothing’ fiscal event on October 28 is not an option
Trump faces Republican opposition to his diesel deal with Russia’s Putin
Lawmakers from both parties say the agreement would finance Putin’s war machine in Ukraine and violate US law
EU ‘safeguards’ hybrid car sector from Chinese imports under new deal
Auto sector welcomes ‘understanding’ reached with Beijing but other industries warn China’s huge trade surplus will persist without further action
VW chief calls for France and Germany to co-operate on China car fightback
‘When it matters, we have found solutions together’, Oliver Blume says ahead of Paris Motor Show
US threatens to block arms for Ukraine over attacks on Russian refineries
Officials lobby European capitals and Kyiv following Trump’s diesel deal with Putin