Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The family office of Bridgewater Associates founder Ray Dalio has bought two multimillion-dollar “retail properties” in Singapore, as billionaires snap up heritage properties in the city-state. The Dalio Family Office, which announced its move to … Read more
Citigroup’s ‘fat finger’ mistake of May 2, 2022 has proven costly. Not only did the bank lose $48 million (£38 million) on the day due to the error at its London Delta 1 desk, but it has now been fined £62m by UK regulators. Get morning coffee ☕ in your inbox. Register here. The statements … Read more
24 hours ago Justin Rowlatt,BBC Climate Editor , @BBCJustinR Getty Images Scientists hope to clean up cement production Scientists say they have found a way to recycle cement from demolished concrete buildings. Cement is the most common building material in the world, but it is also a huge source of planet-warming gas emissions. This is … Read more
Image source, Clark Hoefnagels Image caption, Clark Hoefnagels has developed an AI-powered tool that recognizes scam emails Item information Author, Jane Wakefield Role, Technology reporter 8 hours ago When Clark Hoefnagels’ grandmother was scammed out of $27,000 last year, he felt compelled to do something about it. “I felt like my family was vulnerable and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Record sales of artificial intelligence chips boosted Nvidia’s revenue by 262 percent last quarter, exceeding expectations. The CEO said the blockbuster growth would continue this year with the launch of a new line of chips. … Read more
Image source, Clark Hoefnagels Image caption, Clark Hoefnagels has developed an AI-powered tool that recognizes scam emails Item information Author, Jane Wakefield Role, Technology reporter 6 hours ago When Clark Hoefnagels’ grandmother was scammed out of $27,000 last year, he felt compelled to do something about it. “I felt like my family was vulnerable and … Read more
Stay informed with free updates Simply log in to the Chinese business and finance myFT Digest – delivered straight to your inbox. China is pushing the country’s biggest automakers to source up to a quarter of their chips locally by 2025, as the world’s largest auto market looks to build a semiconductor supply chain amid … Read more
The crypto regulation bill passed the U.S. House of Representatives on a bipartisan basis. The FIT21 bill promises to give commodity regulators more oversight of digital assets. The bill may not pass the next stage in the Senate. President Joe Biden does not support the bill but said he would not veto it. The US … Read more
British inflation slowed to the lowest level in around three years last month, further strengthening the case for the Bank of England to cut rates later this year. Consumer prices rose 2.3 percent in April from a year earlier, up from 3.2 percent in March, the Office for National Statistics said on Wednesday. Interest rates, … Read more
Paula Vennells broke down in tears during her testimony on Wednesday Get the free Morning Headlines email for news from our reporters around the world Sign up for our free Morning Headlines email Ex-Post Office chief executive Paula Vennells has been accused by a union of crying “crocodile tears” as she struggled to answer questions … Read more