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Top Headlines from the UK Edition
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OpenAI ditches plan to convert to for-profit business
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| Decision to leave non-profit arm in control of group comes after pressure campaign by Elon Musk |
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Donald Trump to block Harvard from federal grants
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| Elite US university in president’s crosshairs for alleged leftwing bias |
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Film industry reels as Donald Trump threatens 100% tariffs
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| Levies on overseas movies going into the US would damage production hubs in countries including the UK, Canada and Australia |
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Why the EU beats Trump at the art of the deal
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| The mayhem of Mar-a-Lago is less effective than the boredom of Brussels |
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‘Sitting ducks’: the cities most vulnerable to climate disasters
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| Extreme weather means wildfires and flooding are becoming more likely, posing a risk to urban areas around the world |
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Top Headlines from the International Editions
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US oil output has peaked amid price fall, top shale producer warns
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| Crude fell to four-year lows on Monday on Opec supply increases and fear that tariffs will hurt demand |
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Credit Suisse to pay $511mn over helping wealthy Americans hide more than $4bn
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| Swiss bank admits it violated previous deal with the US justice department |
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Ford expects $1.5bn profit hit from Trump tariffs
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| Carmaker withdraws financial guidance and warns of potential of US’s policies to cause industry-wide disruption |
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EU set to make it easier for UK professionals to work in the bloc
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| Brussels due to propose legislation to enable the recognition of qualifications of British lawyers and others |
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‘Feed the gorilla’: How corporate America fought Trump’s tariffs threat
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| Threat of a damaging trade war sparked a lobbying campaign by the world’s most powerful business leaders |
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EU to set 2027 deadline for severing energy contracts with Russia
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| Plan to be announced by European Commission aimed at forcing member states to end imports of Russian gas |
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Sunoco strikes $9bn deal for Parkland to form N American fuel distributor giant
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| Acquisition by oil and gas group comes against backdrop of strained relations between US and Canada |
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Bankers urge US companies to use reprieve in market swings to sell debt
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| US corporate debt markets have stabilised after volatility prompted by Trump’s ‘liberation day’ tariff announcement |
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Blackstone offers €200mn return guarantee to fund UK railway arch deal
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| Promise is similar to a controversial enticement to University of California to halt a flood of redemptions |
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Taiwan dollar jumps 6.5% in two days over trade deal fears
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| Currency surges as life insurers move to cover under-hedged positions in US assets |
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Palantir shakes off defence spending concerns with boost to revenue outlook
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| Data intelligence group’s shares fall 9% after-hours even as it reports forecast-beating first-quarter |
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Big Four accounting firm PwC to slash 1,500 US jobs
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| Move comes as it struggles with low staff turnover |
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Berkshire shares slip as Warren Buffett prepares to step aside as CEO
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| Conglomerate votes in favour of vice-chair Greg Abel’s promotion to top job next year |
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Mattel quickens effort to move production from China as tariffs hit toys
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| Maker of Barbie dolls warns of potential price increases for US shoppers and suspends financial guidance for 2025 |
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Warren Buffett’s legacy: fantastic returns and a troubling precedent
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| Emulators will no doubt use the Oracle of Omaha’s success to argue that great leaders justify special treatment |
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No quick fix for trade rift between China and US
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