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Business
The AI race is generating a dual reality
Stay informed with free updatesSimply sign up to the Artificial intelligencemyFT Digest -- delivered directly to your inbox.Two, seemingly contradictory, stories are told about…
Biden's latest student loan handouts could cost as much as $750B
President Biden's latest plan to cancel student loan debt for millions of borrowers will cost taxpayers far more than its official price tag, and it could reach as high as…
Austria’s Raiffeisen expects ECB to order acceleration of its Russia exit
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Austria’s Raiffeisen Bank International said it expected…
Commercial real estate foreclosures jumped 117% in March as trouble looms
The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. There were 625 commercial real estate foreclosures in…
German police arrest suspected Russian spies over bombing plan
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bavarian police have arrested and accused two men of…
GOP senator slams Ticketmaster for 'exorbitantly high prices' ahead of reported DOJ lawsuit
Following reports that the Justice Department is zeroing in on litigation against one of the biggest concert ticket companies for an alleged monopoly, one GOP senator…
Michael Gove vows to reduce ground rents to ‘peppercorn’ levels over time
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Michael Gove has insisted ground rents in England and…
Interest rate cut odds dwindle as inflation progress stalls
A string of hotter-than-expected inflation data since the start of the year has diminished the odds of an immediate interest rate cut by the Federal Reserve. The consumer…
Neil Woodford says he is ‘neither hero nor villain’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former fund manager Neil Woodford has said he is not “a…
Tesla asks shareholders reinstate Elon Musk's pay, move to Texas
Tesla is asking its shareholders to reinstate CEO Elon Musk's pay package and to move the company's incorporation from Delaware to Texas, months after a judge rejected the…