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Updates
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The UK is set to see a 17% drop in millionaires by 2028, according to a recent analysis by Swiss bank UBS. The Netherlands is also projected to lose 4% of its millionaires. https://on.ft.com/45ZE26O
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The bank had 'long-standing deficiencies' that had not been fully addressed, US regulators said, delivering the latest blow to CEO Jane Fraser. https://on.ft.com/3zKWXGo
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Breaking news: The verdict comes three years after the implosion of his fund Archegos sent tremors through global equity markets and left major banks nursing billions of dollars in losses https://on.ft.com/4cVyMDv
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In early 2024 Elon Musk was said to be 'obsessed' with India as a place for Tesla to build cars, and was set to meet Indian prime minister Narendra Modi to seal the deal. Then China came calling. Register with FT Edit to read for free.
How Elon Musk blindsided Narendra Modi with a cancelled India trip
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In his first comments since the snap elections, French President Emmanuel Macron has claimed that 'no one won' the vote and has urged political parties to join forces to form a 'solid majority' https://on.ft.com/3xPuzCA
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Financial Times reposted this
The AI plans of Big Tech companies are in the spotlight over competition but also because of environmental concerns. Here's Disrupted Times
Big Tech feels the heat over AI concerns
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Microsoft and Apple have backed away from their seats on OpenAI's board as regulators turn their attention to Big Tech's investment in AI. Download FT Edit to read for free.
Microsoft and Apple drop OpenAI seats amid antitrust scrutiny
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The immediate consequences of the Nigerian president's drastic economic surgery, administered without the anesthetic of a functioning social security system, have been dire. Register with FT Edit to read for free.
Will shock therapy revive Nigeria’s economy — or sink it further?
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