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Business
Microsoft prepared to walk away from high-stakes OpenAI talks
Microsoft is prepared to walk away from high-stakes negotiations with OpenAI over the future of its multibillion-dollar alliance, as the ChatGPT maker seeks to convert into a…
Deficits from 'big beautiful bill' to rise nearly $2.8T under new dynamic estimate: CBO
The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans' "big beautiful bill" would raise budget deficits by over $300 billion…
Nestlé proposes former Inditex chief Pablo Isla as new chair
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nestlé’s board has proposed former Inditex chief Pablo…
Honda recalls 259,000 vehicles due to dangerous brake pedal defect
Honda is recalling about 259,000 Honda and Acura vehicles due to a problem with a brake pedal defect that could potentially present a safety hazard. American Honda announced…
Japan’s Nippon Steel closes its takeover of rival US Steel
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldJapan’s Nippon Steel has closed its nearly $15bn…
General Mills latest US food giant pulling artificial dyes from products
General Mills is the latest U.S. food giant pledging to remove FD&C artificial dyes from its portfolio of products within the next two years amid calls from the Trump…
Unilever explores sale of healthy snack brand Graze
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Unilever is exploring a sale of its healthy snack brand…
Pentagon pizza theory resurfaces during Israel-Iran conflict as social media tracks orders
A theory about the Pentagon and nearby pizza restaurant's busy-hours is making the rounds again amid the ongoing conflict between Israel and Iran. People have theorized that…
US housing construction falls to 5-year low as tariffs weigh on sector
Stay informed with free updatesSimply sign up to the US economymyFT Digest -- delivered directly to your inbox.Residential construction in the US dropped to a five-year low in…
Home Depot co-founder warns of America's 'scary' trillion-dollar debt interest as markets signal trouble
A self-proclaimed "free trade guy," Home Depot co-founder Ken Langone waved the warning flag over American markets and the economy due to one "scary" indicator. "I really…