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Spotify says it paid $10bn in royalties last year amid artist criticism

wazvzpyx2 months ago2 months ago03 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spotify says it paid more than $10bn in royalties to the music industry last year, as it seeks to counter criticism from recording artists that it has failed to share the bounty of the streaming…

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  • Economics

Trump to slash workforce at US education department

wazvzpyx2 months ago2 months ago05 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Trump administration has slashed almost half the workforce of the US education department, in a step towards the president’s pledge to abolish the agency. The education department said on Tuesday it was…

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  • Economics

Toyota considers exporting from UK to US to ease impact of Trump tariffs

wazvzpyx3 months ago2 months ago06 mins

Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. Toyota will not rule out using the “export potential” of its UK plant to send small volumes of vehicles to the US in a bid to navigate the supply chain challenges posed by Donald Trump’s tariff…

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  • Economics

US House passes vote to extend federal funding until end of September

wazvzpyx3 months ago3 months ago05 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US House of Representatives has narrowly passed legislation to keep the federal government funded until the end of September, setting up a showdown in the Senate to avert a shutdown at the…

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  • Economics

Ukraine says it is willing to accept 30-day US-brokered ceasefire

wazvzpyx3 months ago3 months ago07 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Ukraine has said it is ready to accept a US proposal for an immediate 30-day ceasefire in its war with Russia, prompting Washington to agree to resume military assistance to Kyiv. The proposed…

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  • Economics

How Europe can take up America’s mantle

wazvzpyx3 months ago3 months ago011 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “We were at war with a dictator; now we are fighting against a dictator supported by a traitor.” Thus, in a brilliant speech, did Claude Malhuret, hitherto a little-known French senator, define the…

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  • Economics

Trump escalates US-Canada trade war with additional 25% tariff on steel and aluminium

wazvzpyx3 months ago3 months ago05 mins

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US President Donald Trump has said he will impose an additional 25 per cent tariff on steel and aluminium imports from Canada, escalating his battle with one of the US’s biggest trading partners….

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  • Economics

United and American warn on drop in demand for US air travel

wazvzpyx3 months ago3 months ago06 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Three of the biggest US airlines have warned of a slowdown in domestic demand, prompting some of them to slash their revenue and earnings expectations for the first quarter. American Airlines on Tuesday scaled back…

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  • Economics

High rate of army dropouts pushes German forces to ‘breaking point’

wazvzpyx3 months ago3 months ago07 mins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One in four new recruits to the German armed forces drops out within six months of joining, according to the nation’s military watchdog who warned that personnel shortages were pushing troops “to breaking point”. Eva…

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  • Economics

Von der Leyen says €150bn defence loans should be spent in Europe

wazvzpyx3 months ago3 months ago010 mins

EU member states will not be able to spend €150bn of new defence funding on US weapons, as Brussels seeks to increase the continent’s security rapidly while also developing its domestic arms industry. The European Commission has proposed borrowing €150bn worth of loans against the EU budget for member states to spend on weapons, as…

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