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European CEOs are lobbying against AI regulations, and trade officials are rushing to make deals before US President Donald Trump’s tariffs take effect again. Plus, the Pentagon suddenly stalled some weapon shipments to Ukraine, and the UK’s watered-down welfare reform bill could mean higher taxes. Mentioned in this podcast:European CEOs urge Brussels to halt landmark AI ActUS narrows trade focus to secure deals before Donald Trump’s tariff deadlineUkraine summons top US diplomat after Washington halts some arms suppliesWhich UK taxes are expected to rise in the autumn Budget?Today’s FT News Briefing was produced by Sonja Hutson and Kasia Broussalian. Additional…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Irish entrepreneur Paul Coulson has told Ardagh bondholders that its shareholders need a payment of at least $300mn to walk away from the debt-laden packaging giant he built through decades of acquisitions.Ardagh Group, which is based in Luxembourg and produces glass bottles and metal cans in facilities spanning Europe, America and Africa, has been at the centre of contentious restructuring negotiations about more than $10bn of debt built up in the era of cheap money and low interest rates.After Ardagh announced in…

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning from Aarhus, where European Commission president Ursula von der Leyen and her college of commissioners are in town to kick off Denmark’s six-month EU presidency.Here’s a scoop to start: Large European companies including Airbus and BNP Paribas have urged Brussels to halt its landmark AI rules, as the EU considers watering down key elements amid pressure from the…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chief executives of large European companies including Airbus and BNP Paribas have urged Brussels to halt its landmark artificial intelligence act, as the EU considers watering down key elements of the law due to come into force in August. In an open letter, seen by the Financial Times, the heads of 44 major firms on the continent called on European Commission President Ursula von der Leyen to introduce a two-year pause, warning that unclear and overlapping regulations are threatening the bloc’s…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s central bank has asked European financial institutions for advice on dealing with the effects of low interest rates, as the world’s second-largest economy risks slipping into a prolonged period of low inflation.The People’s Bank of China has sent “ad hoc” requests to at least two European banks this year for insights on the impact of low to zero interest rates on the banking systems in their home countries, according to people familiar with the requests.The move suggests the Chinese central bank…

Stay informed with free updatesSimply sign up to the Renewable energy myFT Digest — delivered directly to your inbox.Poland generated more electricity from renewables than coal for the first time in June, marking a key moment in the country’s efforts to cut its reliance on the most polluting fossil fuel.The shift comes as Prime Minister Donald Tusk’s government accelerates efforts to diversify energy production in Poland, which despite recent progress remains a major producer of coal and the most coal-dependent country in the EU, with about 60 per cent of its electricity coming from the fossil fuel in 2024. Last month…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Just weeks after European Central Bank president Christine Lagarde hailed a “global euro” moment and said the common currency could rival the dollar, some inside the central bank are wondering if the euro’s strength could become too much of a good thing. The euro has soared 14 per cent against the dollar in 2025 to reach its highest level in nearly four years as investors pile into European assets to shelter from US policy volatility, upsetting predictions it would hit parity with…

As the sport turns 75, the FT looks at how the technology and design of the cars have changed. Plus Lando Norris on why the battle with his teammate Oscar Piastri is pushing him to new heights and female drivers have motorsports inequality in their sights Source link