The Kremlin is trying to calm fears that the arrest of Telegram founder Pavel Durov in France could upend the messaging platform, which is extremely popular in Russia and plays a key role in coordinating the war effort in Ukraine. Russian government spokesman Dmitry Peskov told reporters on Tuesday that…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Nvidia’s rivals are mobilising in an effort to break the company’s stranglehold on the AI chip market, raising hundreds of millions of dollars and rolling out new products as they look to…

Apple has announced the date of its next major event, where the iPhone 16 is expected to launch. On Monday, September 9 the tech giant is hosting a special event with the tag line “It’s Glowtime.” The event will take place at 10 am PT at the Steve Jobs Theater…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.ExxonMobil has said global oil demand will remain virtually unchanged by 2050 and warned that any move to curtail investment in fossil fuels would trigger a new energy price shock. In a…

It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.A member of a Reuters news team was killed and two others were injured after a Russian missile attack on their hotel in the eastern Ukrainian city of Kramatorsk.Reuters said the…

It’s never been harder to be Mister Softee. Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. Competition and rising costs are hurting…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian prosecutors are investigating charges of manslaughter and “negligent shipwreck” over the sinking of a superyacht in bad weather in which UK tech entrepreneur Mike Lynch and six others died. Ambrogio Cartosio,…

New Starbucks CEO Brian Niccol won’t be a constant presence at its Seattle headquarters where he takes the helm next month. Instead, he’s going to commute weekly from his California home. The setup was revealed last week in Niccol’s offer letter, which is giving him a “small remote office” at…

A little over a year ago, Lucas Ntsipe promised his chief executive William Lamb that he would produce something special out of the Karowe mine in a remote part of Botswana. On Monday morning, the 52-year-old assistant general manager of Canadian diamond miner Lucara delivered. “I got a call from…