Financial Times World

Also in today’s newsletter: corporate AI users’ staff hires and Maersk raises profit guidance

Elliott Management alums have founded at least seven hedge funds since 2020

Britain’s work and pensions secretary hopes a jobs-first drive to cut the benefits bill can avoid another backbench rebellion

United Russia is campaigning with the president for the first time in nearly 20 years

Given the competition, it’s debatable whether a US-China safety deal is even possible

Investors switch to soaring chipmakers benefiting from hyperscalers’ vast AI spending

Study of 22,000 US companies challenges fears that generative AI will trigger broad job losses

The vaunted investor has spawned a small army of new firms mirroring Julian Robertson’s ‘Tiger cubs’

Tens of trillions of dollars are moving between generations — and younger heirs feel little loyalty to traditional advisers

Fragmentation risks economic and financial instability unless accompanied by government action

Utilities failed to use maximum allowed despite arguing that higher bills were needed to fund improvements

Replacing dangerous material could take a decade as there is ‘no incentive to complete’, says new research

In separate decision, justices said President Donald Trump can sack top regulator

Artificial intelligence is enabling the spread of automation to traditional industries

Urban castaways are making homes in half-empty towers left over from the world’s biggest housing boom

Two men aged 21 and 25 were on secondment to country’s largest lender when alleged incident occurred

Also in this newsletter, weaponised drones made in India

Government accepts proposal to appoint a national maternity and neonatal commissioner

FCA eases capital and disclosure requirements after complaints that incoming digital assets regime was too onerous

Annual survey also shows the average child gets £10 per week in pocket money