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The latest speculation economic and corporate political news from around the world, pay-walled for the rich and privileged.

SoftBank and OpenAI back sweeping AI infrastructure project in US

22 January 2025 @ 3:51 am

Donald Trump calls $100bn initiative a ‘declaration of confidence in America’

TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025

22 January 2025 @ 1:15 am

Chinese owner of video app seeks growth from AI as its social media business comes under pressure in US

HMRC was willing to let telephone helplines ‘fail’, say MPs

22 January 2025 @ 12:01 am

Public accounts committee accuses tax authority of pushing taxpayers too quickly toward digital services

Provision of UK public services disrupted by government buildings ‘left to crumble’

22 January 2025 @ 12:01 am

Spending watchdog says maintenance backlog totals £49bn, dominated by schools, NHS and MoD properties

Ministers force out chair of UK’s competition regulator

21 January 2025 @ 10:28 pm

Marcus Bokkerink replaced at CMA with government saying it wants pro-business decisions to drive prosperity and growth

US stocks climb as investors parse blitz of Trump executive orders

21 January 2025 @ 9:57 pm

Tariff threats send jolt of volatility through currency markets

FirstFT: Taiwan lawmakers risk provoking Trump’s ire with defence funds freeze

21 January 2025 @ 9:49 pm

Also in today’s newsletter, Huawei challenges Nvidia’s AI chip dominance in China, and US president threatens to trigger a global tax fight

Five takeaways on Trump’s opening trade salvo

21 January 2025 @ 8:25 pm

President vows to correct ‘unfair practices’ as US trading partners prepare for an era of tariffs

Labour needs to compromise on employment rights

21 January 2025 @ 6:39 pm

Raising both UK payroll costs and worker protections is a deterrent to hiring