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President Donald Trump’s tariffs on Canada and Mexico sparked panic and condemnation from the US’s top trading partners, who said the levies would devastate North America’s economy and overturn decades of integration. Politicians, business leaders and trade associations in all three countries reacted with disbelief, warning the tariffs would bring inflation, supply chain disruption and
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former senior Federal Reserve official was arrested on Friday after US prosecutors accused him of passing on economic secrets to China. John Rogers, a senior adviser in the Fed’s international finance division from 2010-21,
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On Monday, the world watched as $1tn was wiped off the stock market in a single day, a huge bonfire kindled by the little-known Chinese artificial intelligence start-up DeepSeek. Its release of a new AI model, known as R1, upended assumptions about US supremacy in AI and raised the prospect that some in China are
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple revealed quarterly results that slightly exceeded Wall Street expectations, but iPhone sales were flat on the previous year as the company battles rising competition from local device makers in China. Apple on Thursday reported
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ASML, the chip manufacturing equipment maker, said orders for its most advanced machines surged last quarter, suggesting producers of artificial intelligence processors were increasing capacity before China’s DeepSeek this week triggered a panic over future
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Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. UK ministers are drawing up plans to subsidise electric car purchases by guaranteeing consumer loans, as they look at ways to drive up sales that remain stubbornly below official targets. The government has opened private
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OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Last Monday, as the newly sworn-in President Donald Trump announced the US government would now only recognise two genders, male and female, a triumph of corporate diversity was being applauded, loudly, in Davos.
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