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Trump says a ‘final proposal’ for a taxpayer-funded takeover of Spirit Airlines is under consideration | Fortune
President Donald Trump said Friday that his administration was still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision yet on whether to move forward with a potential bailout for a carrier mired in bankruptcy proceedings...
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CEOs got an 11% pay raise in 2025. Workers got 0.5% | Fortune
CEO pay is on the rise in 2025, and the pace of growth is leaving the average worker far behind, according to a new report.The leaders of some of the world’s biggest companies got an 11% pay bump last...
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Private credit group Ares draws nearly $20bn from investors
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ares Management reported strong inflows in the first quarter, as investor commitments to real estate, infrastructure and European credit funds offset...
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Pentagon signs new military AI deals with Nvidia, Microsoft and Amazon
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Pentagon has struck new agreements with tech companies to use their AI tools and infrastructure on classified networks,...
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AI data center boom is leaving consumer electronics short of chips − even though they don’t use the same kinds
The boom in data center construction is taking up much of the supply of high-tech components, especially processor and memory chips. This demand is squeezing consumer device makers, which are having trouble acquiring enough chips.This...
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UK goods exports to US have not recovered from Trump’s tariffs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK goods exports to the US have not recovered from President Donald Trump’s introduction of import tariffs in April 2025, pushing...
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Snap CEO praises AI for writing two-thirds of the company’s code but warns fellow tech executives underestimate ‘societal pushback’ to the tech | Fortune
Snap, the tech company behind the social media app SnapChat, introduced on Tuesday AI Sponsored Snaps, an advertising tool that will allow users to chat with AI bots from a brand partnered with the social media platform. It’s one...
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Volodymyr Zelenskyy’s push for EU membership strains ties with allies
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Volodymyr Zelenskyy’s hard push for Ukraine to swiftly join the EU is raising tensions with European capitals at a time when...
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Tim Cook’s advice to Apple’s next CEO: The most important decision he’ll make is ‘where he spends his time’ | Fortune
Apple’s incoming CEO introduced himself to Wall Street on Thursday, in a brief earnings-call debut in which John Ternus emphasized his commitment to continuity at the $4 trillion company.Ternus, who will officially replace CEO Tim Cook in September, promised...
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Meta’s threat to quit New Mexico ‘is showing the world how little it cares about child safety,’ AG says | Fortune
New Mexico Attorney General Raúl Torrez filed for injunctive relief against Meta today, seeking sweeping court-ordered changes to how the company operates its platforms for children. Meta responded by threatening to pull Facebook, Instagram, and WhatsApp from the state...
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‘If we sleep they bite’: Rats and weasels infest camps for displaced Gazans
"We cannot sleep! If we sleep, they bite the children and disturb us. There are so many weasels and...