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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The FTSE 100 has reached 9,000 points for the first time, as UK stocks benefit from global investors diversifying away from the US amid uncertainty over President Donald Trump’s trade war.The UK blue-chip stock index has outperformed the S&P 500 and the Stoxx Europe 600 indices so far this year, having climbed 10.3 per cent.UK stocks have benefited this year from greater investor interest in non-US assets, a trend prompted by concern about Trump’s volatile policymaking. “It’s a good place to…

[ad_1] CNN  —  US inflation heated back up in June, rising to its highest level in four months, as higher prices — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month, pushing the annual inflation rate higher to 2.7%, the highest since February, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics. Stock futures moved higher after the report. Dow futures were flat after paring earlier losses. S&P 500 futures gained 0.4% and Nasdaq 100 futures gained 0.65%. In recent months, President Donald Trump has enacted a…

[ad_1] Colin McDonald was 13 when he became hooked on the world-building computer game Minecraft. He never imagined his childhood hobby would become a viable career.Now 25, McDonald runs Moonsworth, a software development company that operates a popular Minecraft modpack and employs around 50 people — some of them fellow Minecraft devotees.” Almost every single person who’s ended up being a really good hire has been someone who was a kid playing Minecraft and wanted to teach themself how to program,” McDonald says — rather than someone with a traditional computer science education. “It’s just other kids who grew up and…

[ad_1] Regina Higuera built a life in the United States. As a single mother in Los Angeles, she raised three American-born children and worked in the garment industry, making pennies per sewn item.Now, she’s moved back to Mexico, the country she left 36 years ago, because Immigration and Customs Enforcement ramped up operations in Southern California this summer.Data analysis by The New York Times found that ICE arrests have increased by 124% since last year. President Donald Trump’s new budget includes $75 billion in extra funding for ICE to bolster immigration enforcement.”We must expand efforts to detain and deport illegal…

[ad_1] CNN  —  “Never mind. Pretend like nothing ever happened.” That might as well have been the text of one provision in President Donald Trump’s mega tax-and-spending-cuts package that reverses more stringent tax-reporting requirements for payment apps when it comes to telling the IRS how much small businesses and freelancers are taking in via business transactions on their platforms. The package also contains a new measure for all businesses that issue 1099-NEC and 1099-MISC forms to report to the IRS how much non-employee compensation they pay to vendors and contractors. It’s a change that upends decades of practice. But we’ll…

[ad_1] CNN  —  When Elon Musk’s Grok AI chatbot began spewing out antisemitic responses to several queries on X last week, some users were shocked. But AI researchers were not. Several researchers CNN spoke to say they have found that the large language models (LLMs) many AIs run on have been or can be nudged into reflecting antisemitic, misogynistic or racist statements. For several days CNN was able to do just that, quickly prompting Grok’s latest version – Grok 4 – into creating an antisemitic screed. The LLMs AI bots draw on use the open internet – which can include…

[ad_1] CNN  —  Americans’ unpaid medical bills will remain on their credit reports after a federal judge last week annulled a Biden-era Consumer Financial Protection Bureau (CFPB) rule that would have removed such debt. Judge Sean Jordan of the US District Court of Texas’ Eastern District found that the rule exceeded the bureau’s authority under the Fair Credit Reporting Act, agreeing with the arguments of two industry associations. The court found that “every major substantive provision of the Medical Debt Rule” exceeded the CFPB’s authority, Jordan, a President Donald Trump appointee, wrote in his opinion. The rule, which the bureau…

[ad_1] Meta and Mark Zuckerberg are in a hurry to build their superintelligence tech. The company has been poaching AI researchers, while CEO Mark Zuckerberg announced on Monday that Meta is building a 5-gigawatt data center called Hyperion. The urgency is palpable. As SemiAnalysis reported last week and Business Insider noted, Meta is so eager to boost its computing power that it’s literally erecting tents for temporary data center capacity while its facilities are still under construction. These are all signs that Meta wants to build up its AI capacity faster after falling behind competitors like OpenAI, xAI, and Google…

[ad_1] Russia is staring down a long-term economic threat that could outlast both the war in Ukraine and Western sanctions: a deepening demographic crisis.On Tuesday, Labor Minister Anton Kotyakov underscored the scale of the problem during a meeting with President Vladimir Putin.”Today, according to our estimates, by 2030 we need to involve 10.9 million people in the economy,” Kotyakov told Putin, according to a post from the Kremlin.Kotyakov said the number is required to replace 10.1 million people who will reach retirement age, and 800,000 new jobs.Kotyakov warned that if productivity growth falls short of the assumptions built into the…

[ad_1] Stay informed with free updatesSimply sign up to the Accountancy myFT Digest — delivered directly to your inbox.A UK regulator has strongly criticised audits by BDO, saying the work fell “significantly short” as it concluded that the mid-tier accounting firm was the worst performer among its peers during annual inspections. The findings by the Financial Reporting Council highlight the challenge BDO faces as it tries to break the stranglehold of the Big Four firms — Deloitte, EY, KPMG and PwC — on listed company audits while ensuring its work complies with the watchdog’s requirements. The FRC said only 50 per…