Financial Times

The FT Weekend leads on SoftBank’s £50bn stake purchase in British chip designer Arm.

The Financial Times notes a shift in Labour’s stance, suggesting they’re softening plans to amplify workers’ rights to counter perceptions of being “anti-business”.

The Financial Times writes about the underlying pressures on the Bank of England, noting that borrowing costs are likely to rise, affecting earnings.

The Financial Times reports that private equity firm TPG Capital has approached EY about buying a stake in its consulting arm to separate it from its audit business.

Saudi Arabia and the UAE are acquiring Nvidia chips, fuelling fears of AI misuse, reports the Financial Times.

According to the Financial Times, Russian firms may have earned up to $1bn more from crude oil sales in a single quarter, due to inflated shipping costs.

The FT states that Saudi Arabia’s bid to join a next-generation fighter jet project between the UK, Italy, and Japan faces opposition from Japan.

According to the Financial Times, China’s internet giants are rushing to purchase high-performance chips, fearing new US export controls.

Google and Universal Music are in talks to license AI-generated melodies, a response to the rise of “deep fake” songs, the Financial Times reports.