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Business
Google shows off latest AI models as competition with OpenAI, Microsoft heats up
Google used its annual developers' conference, Google I/O 2024, on Tuesday to showcase its latest advances in artificial intelligence as the tech giant's competition with…
Novo Nordisk to test weight-loss drugs’ effect on alcohol use and liver disease
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novo Nordisk is trialling its weight-loss drugs to…
Biden hikes tariffs on certain imports from China by $18B
President Joe Biden announced Tuesday that the U.S. will raise tariffs on certain imports from China by $18 billion in an effort to protect American workers and industries…
Why Washington’s new tariffs on Chinese clean tech goods matter
Joe Biden unleashed fresh tariffs on billions of dollars of Chinese goods on Tuesday, sharply raising the levies on clean energy imports including solar parts and electric…
Dolly Parton releases Krispy Kreme doughnut collection
Dolly Parton is getting into the doughnut game through a partnership with Krispy Kreme. The country music star and the doughnut chain revealed they have collaborated on a…
‘This is Bill. Bill Hwang’: US jury hears founder’s call to Archegos lenders
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bill Hwang told panicked Wall Street investment banks…
Fed's Powell says confidence that inflation will slow is 'not as high' as before
Federal Reserve Chair Jerome Powell reiterated Tuesday that the central bank will be patient and wait for evidence that inflation is slowing before it cuts interest rates. …
Citigroup executive responsible for implementing thousands of job cuts quits
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Citigroup executive in charge of implementing the…
Americans are carrying a record amount of household debt
Americans racked up more debt at the beginning of 2024 – and a growing number of households fell behind on payments for several types of loans, according to a New York Federal…
Investors shun real estate as higher for longer fears bite
Stay informed with free updatesSimply sign up to the Fund managementmyFT Digest -- delivered directly to your inbox.Global investors have slashed their allocations to real estate…