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Receive free UK schools updates We’ll send you a myFT Daily Digest email rounding up the latest UK schools news every morning. Rishi Sunak is exploring a radical reshaping of A-levels with a new “British baccalaureate” to modernise England’s education system, according to senior Whitehall insiders. The UK prime minister’s plans to reform academic post-16

Receive free UK business updates We’ll send you a myFT Daily Digest email rounding up the latest UK business news every morning. The UK car industry will still have to meet mandatory electric vehicle sales targets from January, according to people briefed on the upcoming government rules, despite ministers pushing back a ban on petrol

Crispin Odey urged a woman he groped at the headquarters of his hedge fund to downplay the incident to the financial watchdog while it considered whether he should retain his regulatory approval as a “fit and proper person”. The woman, who is the 20th to come forward to the Financial Times with claims of sexual

Receive free UK financial regulation updates We’ll send you a myFT Daily Digest email rounding up the latest UK financial regulation news every morning. A review by the chief UK financial regulator has uncovered no evidence that politicians are being denied bank accounts because of their views, according to people briefed on the findings. The

Sir Keir Starmer has promised to seek a major rewrite of Britain’s Brexit deal in 2025 if Labour win the next general election, saying he owes it to his children to rebuild relations with the EU. Starmer told the Financial Times that he would put a closer trading relationship with Brussels and a new partnership

Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Arm’s $5bn initial public offering this week was the most expensive in fees for five years, earning a $84mn windfall for the professional services firms that advised it, including Deloitte. The SoftBank-backed chip

Russia has authorised unreinforced oil tankers to sail through its icy Northern Sea Route for the first time, triggering warnings Moscow is risking a catastrophic Arctic spill as it reroutes sanctions-hit energy exports to Asia. Two tankers were granted permission in August to carry out the 3,500-mile long journey along Russia’s northern coast, despite not

Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Shares in SoftBank-backed chipmaker Arm jumped by 10 per cent as it began trading on the Nasdaq exchange on Thursday. Arm opened at $56.10 per share on Thursday afternoon, significantly above the $51

Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Shares in UK chip designer Arm are expected to be priced above the initial range at as much as $52 per share, which would give the company a valuation of nearly $54bn, according

Private equity group TPG Capital has approached EY about buying a stake in its consulting arm in a deal that would herald a second attempt at breaking up the Big Four firm. TPG outlined its plan for a debt-and-equity deal to separate the consulting arm from EY’s audit business in a letter sent to the

Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software, joining a global AI arms race that is squeezing the supply of Silicon Valley’s hottest commodity. The Gulf powerhouses have publicly stated their goal of becoming leaders in AI as they pursue ambitious

Inflated shipping costs are enabling Russian companies to earn far more from crude oil sales to India than previously recognised, according to a Financial Times analysis which suggests that the charges may have raised more than $1bn in a single quarter. Russia has, until recently, appeared to comply on this route with western measures designed

The era of cheap streaming is ending, as Hollywood’s largest studios turn the screws on customers with price rises that rival the expensive cable television “bundle” consumers began ditching for Netflix 15 years ago. A basket of the top US streaming services will cost $87 this autumn, compared with $73 a year ago, as Disney,

Sam Bankman-Fried has been taken into custody after a federal judge found that the FTX founder probably attempted to tamper with witnesses on two occasions while awaiting trial on fraud charges stemming from the collapse of the cryptocurrency exchange. In a brief written order following a hearing in Manhattan federal court on Friday, Judge Lewis

US inflation in July is expected to have risen at roughly the same pace as in June, suggesting that price pressures in the world’s biggest economy are continuing to ease and strengthening the case for the Federal Reserve to hold interest rates steady at its next meeting in September.  The consumer price index (CPI) is

The Biden administration will ban US investment into quantum computing, advanced chips and artificial intelligence sectors in China, as it ratchets up efforts to ensure the Chinese military does not benefit from American technology and capital. President Joe Biden on Wednesday issued an executive order establishing the prohibitions, which will largely affect private equity and

Google and Universal Music are in talks to license artists’ melodies and voices for songs generated by artificial intelligence as the music business tries to monetise one of its biggest threats. The discussions, confirmed by four people familiar with the matter, aim to strike a partnership for an industry that is grappling with the implications

Meta has axed a team that used artificial intelligence to create the first database of more than 600mn protein structures, in a signal the company is abandoning purely scientific projects in favour of building moneymaking AI products. The social media giant had employed a group of about a dozen scientists on a project called ESMFold,

Europe’s biggest companies have suffered at least €100bn in direct losses from their operations in Russia since President Vladimir Putin’s full-scale invasion of Ukraine last year, according to analysis by the Financial Times. A survey of 600 European groups’ annual reports and 2023 financial statements shows that 176 companies have recorded asset impairments, foreign exchange-related charges

Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite the rocky political climate in Washington. The sprawling conglomerate — which owns the BNSF railroad and Geico insurer — increased the holdings by nearly $17bn