Business

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank must avoid shrinking its balance sheet too much, its chief economist has said, warning this could impair lending and threaten financial stability.Major central banks flooded the financial system…

Luxembourg — A European tribunal made legal errors when it ruled in favor of Apple over a €13 billion ($14 billion) tax order and should review the case again, an adviser to Europe’s top court said Thursday, in a potential setback for the iPhone maker. The tax case against Apple (AAPL) dates back years…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US and Israeli spy chiefs were in Qatar on Thursday, working on plans for a potential humanitarian pause that would allow as many as 20 hostages to be released by Hamas…

General Motors has entered into a partnership with a small Wisconsin start-up, Niron Magnetics, to develop electric motor magnets that can be made without rare elements that are mostly sourced from China today. In electric vehicle motors, rapidly shifting magnetic fields spin a rotor made with magnets that contain “rare…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple has been dealt a blow by an adviser to the EU’s top court, who has handed a lifeline to the European Commission’s efforts to recover €14.3bn in back taxes over the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.SoftBank Group posted an unexpected ¥931bn ($6.2bn) net loss in its second quarter, compounding the pain for shareholders and founder Masayoshi Son after one of the group’s biggest bets, WeWork, filed for…

Meta, parent company of Instagram and Facebook, will require political advertisers around the world to disclose any use of artificial intelligence in their ads, starting next year, the company said Wednesday, as part of a broader move to limit so-called “deepfakes” and other digitally altered misleading content. The rule is…

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