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Microsoft said it expected to take an $800mn impairment charge stemming from General Motors’ decision to restructure its driverless car unit, Cruise. The Redmond, Washington-based tech group in 2021 joined GM, Honda and institutional investors in a combined new equity investment of more than $2bn to help the Detroit-based carmaker accelerate the commercialisation of autonomous
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In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies. “I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail
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Days before last year’s presidential election in Argentina, supermarket worker Emir Gullo was excited about the idea of a madman as president. “He’s crazy,” Gullo said admiringly at a rally for libertarian economist and then-candidate Javier Milei on the outskirts of Buenos Aires in late 2023, noting his eccentric image, unconventional ideas and lack of
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Show video info Syrian President Bashar al-Assad has fled the country after a stunning offensive by rebels who seized the capital city of Damascus and toppled the dynasty that had ruled for 50 years. Amid scenes of jubilation on Sunday, the rebels proclaimed that “the city of Damascus is free from the tyrant Bashar al-Assad”
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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. Romania’s constitutional court has annulled last month’s first round of presidential elections after evidence that the leading candidate benefited from Russian intervention. The unprecedented decision to strike down the vote, which was won by far-right candidate
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Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. His art was the other interesting thing about him. Frank Auerbach, the painter who died on November 11, put blob of colour over encrusted blob of colour until his work was literally heavyweight. (A
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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. The writer is director of regional security at the International Institute for Strategic Studies and co-editor of the newly-released ‘Turbulence in the Eastern Mediterranean: Geopolitical, Security and Energy Dynamics’ With the world understandably focused on the
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France’s borrowing costs have surpassed those of Greece as investors fret about the French government’s ability to pass a deficit-trimming budget — and its ability to survive at all. The far-right Rassemblement National, led by Marine Le Pen, has threatened to back a censure motion against the government as soon as next week unless its
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