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[ad_1] Stay informed with free updatesSimply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox.Bond giant Pimco has been buying long-term Japanese government debt to take advantage of what its global fixed income chief Andrew Balls called a “dislocation” in the market.Japanese government bonds have been hit hard in recent months as a resurgence in inflation and a decline in demand from traditional domestic buyers transforms the market. That has taken yields on long-dated debt to record levels and prompted authorities to consider measures to support bond prices.“When you look at the Japanese curve, it…

[ad_1] In the late 1990s, as civil war raged in the Republic of Congo, Claudio Descalzi, then a 41-year-old regional manager for Italian oil major Eni, slept under his bed with his children to avoid being shot in the night.“My wife was pregnant. Fortunately she was able to leave the country. I remained stuck with my two girls,” he says. It was two years before he saw Italy again. “I was responsible for the expatriates who remained. Clearly, the last thing you think about is cash flow or operations.”It was not the first difficult overseas posting for Descalzi, now in…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is a former prime minister of Italy, president of the Jacques Delors Institute and a dean at IE UniversityDonald Trump’s actions in his second term make clear that we are dealing with a long-term strategic vision that aims to reshape America’s global role, weaken multilateralism and increase pressure on allies, especially Europe. The US president is pursuing an agenda that forces the EU to face an urgent reality: it must strengthen its autonomy and capacity to act.…

[ad_1] President Donald Trump on Saturday confirmed that US warplanes had executed “massive precision” airstrikes on three Iranian nuclear sites, in what he described in a press conference as a “spectacular military success.”The military operation marks a significant escalation in the tensions between Iran and Israel and represents a new level of US involvement in the international conflict.Business leaders from Bill Ackman to Jason Calacanis reacted to the news.Bill AckmanBillionaire hedge fund manager Ackman, a longtime ally of the president’s, was among the first to publicly react to the news with a post on X.”Thank you to our great military…

[ad_1] When you’re Elon Musk, you don’t have to rely on centuries of prevailing human understanding — you can create your own.”We will use Grok 3.5 (maybe we should call it 4), which has advanced reasoning, to rewrite the entire corpus of human knowledge, adding missing information and deleting errors,” Musk wrote on X on Friday night.Then, he said he would retrain Grok’s latest model on that new base of knowledge to be free of proverbial waste. “Far too much garbage in any foundation model trained on uncorrected data,” he added.Musk has for years endeavored to create products, like the…

[ad_1] As more basic income pilots and programs launch in the United States, Canada is following suit.Recently, politicians in Canada have considered how to implement no-strings-attached money initiatives, especially as many citizens lost jobs during the pandemic and the cost of living has increased. These discussions have drawn on studies and trials dating back nearly a century.As dozens of basic income programs in the United States spread, some leading policy experts have discussed whether these initiatives could be extended to a universal level. Other countries with basic income programs and experiments include Brazil, China, Germany, and India.Advocates for universal basic…

[ad_1] As tech leaders continue to debate the potential impact of artificial intelligence on the job market, one CEO says the technology’s biggest risk may be “deskilling.”In an interview with The Times of London, Arthur Mensch, the CEO of the Paris-based firm Mistral AI, dismissed the idea that AI would lead to huge cuts to white-collar jobs, saying the bigger risk was that people may become progressively lazier as they increasingly rely on the tech to search for information.Speaking to the outlet at the VivaTech conference in Paris earlier this month, Mensch, who cofounded the open-source large language model developer…

[ad_1] Paul Pope has written and drawn some of the most gorgeous comics of the twenty-first century — from “Batman: Year 100,” in which Batman challenges a dystopian surveillance state, to “Battling Boy,” with its adolescent god proving his mettle by fighting giant monsters. But it’s been more than a decade since Pope’s last major comics work, and in a Zoom interview with TechCrunch, he admitted that the intervening years have had their frustrations. At one point, he held up a large stack of drawings and said the public hasn’t seen any of it yet. “Making graphic novels is not…

[ad_1] 2025-06-21T14:14:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Coe Hall is a 65-room mansion that was built on the Gold Coast of Long Island, New York, in 1921. The home, built by insurance exec William Robertson Coe, is inside the Planting Fields Arboretum. The main house, along with its multiple greenhouses and gardens, is open to the public. In…

[ad_1] Amid the uncertainty around tariffs and the path of Federal Reserve monetary policy, investors can find attractive opportunities for income, according to Goldman Sachs Asset Management. The central bank opted to hold interest rates steady when it concluded its two-day meeting on Wednesday. The Fed still anticipates two reductions this year , but expects higher inflation and lower economic growth ahead. At the same time, the market is awaiting a resolution on tariffs. President Donald Trump ‘s deadlines for reaching trade deals is fast approaching, with the pause on reciprocal levies due to expire in July. “The next couple…