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Retailers across the US are warning of a cascade of price increases and product shortages as early as this month as a result of Donald Trump’s tariffs. Some stores are preparing to raise prices within two weeks as the threat of tariffs of up to 125 per cent raise their costs, according to the Budget…
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Two millennia ago, the Roman poet Decimus Junius Juvenalis (“Juvenal”) decried the political phenomenon of “bread and circuses”. Back in AD100, the Roman empire was crushed by so much debt and income inequality…
OpenAI has slashed the time and resources it spends on testing the safety of its powerful artificial intelligence models, raising concerns that its technology is being rushed out without sufficient safeguards. Staff and third-party groups have recently been given just days to conduct “evaluations”, the term given to tests for assessing models’ risks and performance,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a senior associate of the Carnegie Endowment for International Peace There has been justified concern this month that the chaos unleashed on financial markets around the world by the Trump administration’s “liberation…
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. The Pentagon has terminated $4bn worth of IT services contracts with companies including Deloitte, Accenture and Booz Allen Hamilton as part of the Trump administration’s ongoing purge of consultancy spending. Defence secretary Pete…
<!–> Alexander the Great will look to be just good enough come Saturday. Former UFC featherweight champion Alexander Volkanovski will take to the Octagon for the first time in over a year at UFC 314 on Saturday, with a chance to regain the belt that he lost to Ilia Topuria at UFC 298 on Feb….
<!–> Rounds of golf can feel never-ending. It’s just you, the competition and a boundless course. The routine of riding the golf cart from tee to tee 18 times can seem mundane, ceaseless and nerve-wrecking — especially when there are no breaks. No time to stop, think and … pee? Except on Thursday at the…
<!–> Over the years, a lot of talent has entered the NFL, sometimes coming in the same draft class. Some of those players were bona-fide stars selected in the first few picks, while others were steals who then developed into legends. It’s too soon to know how many future Hall of Famers will enter the…
<!–> The first round of the 89th Masters Tournament is in the books after an exciting day at Augusta National. Justin Rose is the runaway favorite after the first round, shooting 7-under 65 to secure a three-stroke lead going into the second round on Friday. LIV golfers Tyrrell Hatton and Bryson DeChambeau are firmly in…
Japanese stocks plunged by around 5 per cent in the first minutes of trading on Friday, as dealing floors responded to a big overnight fall in US stocks and the yen’s surge to its highest level since October. Shares in Sony fell by over 9 per cent, Toyota by over 6 per cent and MUFG,…
