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Updates
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Microsoft wrote in a letter to the ChatGPT maker that it would give up its seat 'effective immediately', while a person with direct knowledge of the matter said Apple will not take up a similar role. https://on.ft.com/3XWsI9N
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Large London office buildings are proving almost impossible to sell as high interest rates and investor nerves over hybrid working thwart efforts to kick-start dealmaking. https://on.ft.com/3XXStX8
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China's central bank is arming itself for its first direct market intervention in decades, announcing recently it had struck deals to borrow several hundred billion renminbi of long-dated bonds that it can sell to satisfy demand. https://on.ft.com/4eVTcOu
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Staff close to the Tesla boss had persuaded him to call off the trip in April despite the potential consequences of snubbing India's prime minister during the elections. https://on.ft.com/3xN6499
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Opinion: Will India become an economic superpower? The country can be an influential and stabilising force in the world, but only if it rises to the occasion. https://on.ft.com/3RV7B3x
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‘If we had to give a grade to the US for adult financial literacy, it would be an ‘F’.’ The US might be home to the bulk of the world's financial markets, but most people in the country struggle to manage their own money. Download FT Edit to read for free.
Even Wall Street bankers’ kids need lessons in financial literacy
ftedit.ft.com
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FT Exclusive: Two years on from Elon Musk's takeover of X, the social media site's growth is starting to slow while it faces increased competition from rival Threads. Register with FT Edit to read for free: https://on.ft.com/3xFezmJ
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‘India wants to give Russia room for manoeuvre’: Narendra Modi and Vladimir Putin have agreed to boost trade between their two countries, defying western efforts to squeeze the Russian economy over its invasion of Ukraine.
Narendra Modi and Vladimir Putin to boost trade despite Ukraine war
ft.com