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Business
OpenAI co-founder raises $1B for startup with single goal: safe superintelligence
A new tech startup co-founded by OpenAI’s former chief scientist Ilya Sutskever has raised $1 billion in cash to help fund the development of a safe artificial intelligence…
Australia proposes banks phase out AT1 bonds in wake of Credit Suisse collapse
Stay informed with free updatesSimply sign up to the Financial & markets regulationmyFT Digest -- delivered directly to your inbox.Australia’s banking regulator has proposed…
Stuart Varney: Kamala Harris is pretending to change to get elected
During his "My Take," Monday, "Varney & Co." host Stuart Varney reacted to Sen. Bernie Sanders, I-Vt., candidly saying Kamala Harris is shifting her policies from far-left…
England spent £40bn less on health assets than peer nations, report to say
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.England has spent almost £40bn less than peer countries…
Surge of migrant workers cutting off bottom of the career ladder for native-born Americans: expert
The recent influx of legal and illegal migrant workers is causing a dramatic shift in the U.S. jobs market, making it harder for low-skilled, native-born Americans to begin…
Make Europe (securitisation) great again
Europe pioneered mortgage-backed bonds before the US was even born, but today its securitised bond market is a runt compared to America’s. Mario Draghi thinks that should change.…
DirecTV to provide workaround to watch the presidential debate amid Disney dispute
DirecTV says its customers will be able to watch the ABC News Presidential Debate Tuesday night, even if it is unable to reach a viewing agreement beforehand with ABC parent…
Social media users get dramatic after Carnival cruise ship hits ice in Alaska: 'Titanic moment'
A Carnival Cruise Line ship struck "an errant piece of drifting ice last Thursday while sailing in Tracy Arm Fjord, Alaska," the company confirmed to FOX Business on Monday.…
Norfolk Southern CEO expected to exit amid board probe into alleged misconduct: reports
Norfolk Southern CEO Alan Shaw could be on his way out after the railroad's board launched an investigation into allegations that he engaged in an inappropriate relationship…
PwC to parachute in UK partner to run scandal-hit China business
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.PwC is set to parachute in a senior partner from the UK…