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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It is fair to assume that, had any of the last few chief executives of Barclays bank been asked to sign a letter urging the government to rescind punitive regulations, they’d have jumped at the chance.From John Varley, who ran Barclays during the 2008 financial crisis, to Jes Staley, CEO up to three-and-a-bit years ago, the bank’s bosses have consistently campaigned to resist government bailouts and fend off onerous regulations.Not Venkat, as he is universally known. CS Venkatakrishnan, Barclays’ boss since late…

Startups providing AI-powered coding tools are striking a positive chord with investors. Cursor, one of the most popular tools in the segment, has attracted $900 million in a fresh round of funding led by Thrive Capital, as per a report from the Financial Times. The FT noted that other top venture firms such as Andreessen Horowitz (a16z) and Accel are participating in the round that would value Anysphere, the company behind Cursor, at $9 billion. Earlier this year, Cursor raised $105 million from Thrive and a16z at a $2.5 billion valuation, as previously reported by TechCrunch. Other AI-powered coding startups…

بدأ المغرب عام 2006 التفكير في مشروع لقطار فائق السرعة، أطلق عليه أثناء تدشين المرحلة الأولى عام 2018 اسم “البراق”، وهو الأسرع في أفريقيا، ومن بين أسرع القطارات في العالم. وإلى حدود عام 2025 امتلك المغرب من هذا المشروع قطارات تصل سرعتها إلى 320 كيلومترا في الساعة، وبدأ بناء مشروع جديد لقطارات أخرى تصل سرعتها إلى 350 كيلومترا في الساعة. وبلغ عدد مستعملي قطار البراق في المغرب سنة 2024 نحو 5.5 ملايين مسافر، وتعول الحكومة على هذا المشروع لتسهيل تنقل المواطنين والسياح وتعزيز الترابط بين المدن والمطارات، ضمن رؤية لتحقيق التنمية المستدامة والاندماج الإقليمي للمغرب على المدى الطويل. ويعتبر هذا…

IVINS, Utah — Haeran Ryu made an 8-foot eagle putt during a flawless back nine that allowed her to pull away Sunday with an 8-under 64, giving her a five-shot victory at the inaugural Black Desert Championship in the LPGA Tour’s return to Utah after a 61-year absence.Ryu became the second player to go wire-to-wire on the LPGA Tour this year, and it was her second time winning a new event. She won the FM Championship at the TPC Boston last year.She was coming off a rough finish at the Chevron Championship last week, sharing the 54-hole lead at the…

Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.The private equity industry is past its peak and faces a massive challenge in selling off trillions of dollars in assets, according to Egyptian industrialist and billionaire investor Nassef Sawiris. Sawiris, who has invested parts of his fortune in funds at multiple buyout firms, said he and others who back private equity funds were frustrated with the lack of distributions in recent years. Firms have struggled to exit investments amid a post-pandemic slowdown in dealmaking and initial public offerings.“Private equity has seen…

“I heavily relied on items from Temu for my business, and I am freaking out that I cannot find any of my usual supplies,” wrote one Reddit user on the r/TemuThings subreddit. Another user shared a screenshot they claimed was of a conversation with Temu’s in-app customer service chat feature, in which an agent said the platform is “currently unable to display items outside the US” and couldn’t provide a time frame for how long the limitation would persist.The change has also confused Temu sellers in China, who apparently weren’t notified ahead of time that Americans would soon no longer…

عندما يحلق ذباب الفاكهة بسرعة كبيرة في خط مستقيم، كيف يعرف أنه لا ينحرف عن طريقه؟ السر يكمن في نظام بصري مذهل يعرف بـ”التدفق البصري”، حيث يولد نمطا بصريا متماثلا في كلتا العينين في أثناء الطيران المستقيم. هذا التماثل يسمح للذباب بتقدير اتجاهه بدقة، وفقا لدراسة نشرت في الأول من مايو/أيار في مجلة نيتشر “نيوروساينس”. وإن الطيران بسرعات العالية قد يخدع الدماغ، لأن التماثل البصري يصبح أقوى وتصعب ملاحظة الانحرافات البسيطة، وهنا يظهر دور نظام عصبي شديد الحساسية في تلك الكائنات، قادر على التقاط تلك التغييرات في أجزاء من الثانية وتصحيح المسار على الفور. وفي هذا الصدد، تقول الباحثة المشاركة…

Bryson DeChambeau won both the individual and team titles at LIV Golf Korea, holing a 48-foot birdie putt on No. 17 en route to a 66 on Sunday to finish the tournament at 19-under 197.The individual win was DeChambeau’s third on the LIV circuit but his first on the season. He had to hold off Charles Howell III, his Crushers GC teammate, who shot a 9-under 63 to finish second, two shots back.”Charles and I had a great battle out there,” said DeChambeau, who won $4 million. “He never wavered today. It was fun and we had a great time…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Saudi companies are seeking to diversify and protect their businesses as they brace themselves for a slowdown in the kingdom after geopolitical turmoil triggered a sharp drop in oil prices.Saudi Arabia’s economy has long depended on energy export-fuelled government spending, leaving it exposed to boom-and-bust cycles driven by swings in crude prices.Oil’s recent drop from more than $80 a barrel in January to around $60 — the lowest since 2021 and far below the kingdom’s break-even price — has forced private businesses…

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