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Microsoft wins Big Tech’s first earnings battle since Trump’s tariffs

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How China is quietly diversifying from US Treasuries

.css-13hw3ep{margin-bottom:var(–o3-spacing-s);} .css-eh7lb7{margin:0;} Join FT Edit Only .css-79fz17{-webkit-text-decoration:none;text-decoration:none;}$4.99 per month .css-1h69zf4{margin:0;white-space:pre-wrap;font-family:var(–o3-type-body-base-font-family);font-weight:var(–o3-type-body-base-font-weight);font-size:var(–o3-type-body-base-font-size);line-height:var(–o3-type-body-base-line-height);color:var(–o3-color-use-case-support-inverse-text);} Access to eight surprising articles a day, hand-picked by FT editors. For seamless reading, access content via the FT Edit page on FT.com and receive the FT Edit newsletter.

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Get ready for a corporate rush for cash

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eight years ago, Steven Borrelli, a West Coast American entrepreneur raised, $50,000 from family and friends to start an e-commerce clothing group called Cuts. He has since grown it into a successful venture using just…

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