Financial Times

The Financial Times reveals an EU investigation into Microsoft for potentially anti-competitive practices with its Teams video conferencing service and Office software.

The Financial Times reports on a warning from Brussels’ economy chief that Europe will need to escalate its response to the US Inflation Reduction Act.

Due to the Federal Reserve’s interest rate hikes, three of the largest US banks have seen a significant rise in profits from loan charges, according to the FT Weekend.

Financial Times features Prime Minister Rishi Sunak’s announcement of a 5-7% wage increase for public sector workers, asserting no amount of strikes will alter this “final” offer.

The Financial Times leads with a significant drop in US inflation rates last month, suggesting hope for easing price pressures.

The Financial Times notes a US judge’s refusal to halt Microsoft’s pursuit of Activision Blizzard.

The Financial Times notes that the Chancellor and Bank of England governor are calling for wage rise restraint to tackle sticky inflation

The Financial Times covers Ukraine’s push for NATO membership and the pressure on the US and Germany to show more support for this potential move.

The Financial Times suggests Chancellor Jeremy Hunt has dismissed major pre-election tax cuts this autumn.

As per Financial Times, global stock markets faced a slump as US borrowing costs reached a peak unseen in 16 years.