Israelis voted Tuesday in an election pervaded by a sense of historical consequence, but the record turnout did not produce a clear winner, according to exit polls. The projected results delivered a rebuke to Prime Minister Benjamin Netanyahu, whose coalition finished behind that of challenger Gadi Eisenkot, who has offered ...
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Anthropic’s IPO needs believers to bridge it to the payoffAnthropic’s IPO needs believers to bridge it to the payoff
Liz’s view Anthropic’s IPO prospectus is a perfect ink-blot test. Believers will see a fast-growing company with blue-chip backers, $131 billion of cash, and founders with a seriousness of purpose. Anthropic has burned less than 7% of the capital it has raised, good enough for respected industry trade SemiAnalysis to ...
Microsoft’s buyout offer to employees shows which tech jobs matterMicrosoft’s buyout offer to employees shows which tech jobs matter
For a read into which jobs in tech are mission-critical, take a look at Microsoft’s buyout offer, extended this week to a quarter of its employees. Excluded from the 60,000 workers eligible for severance are people who work in roles tied to data centers, cybersecurity, quantum computing, sales, and marketing, ...
FTC flexes its muscles on $5 billion uniform dealFTC flexes its muscles on $5 billion uniform deal
The Federal Trade Commission has indicated to Cintas, which is seeking to buy its rival Unifirst in a $5 billion deal, that it will sue to block the transaction, according to people familiar with the matter. The regulator has not voted on the decision, and a formal “last-rites” meeting has ...
A looming era of instabilityA looming era of instability
by Gideon Rachman. The Financial Times’ chief foreign affairs commentator explores a geopolitical twilight in which the three nations with the largest nuclear arsenals are led by strongmen, allowing autocrats to exploit new gaps in the global political order. Despite the bleak nature of his subject matter, Rachman’s “writing is ...
Africa Finance Corporation names Lobito Corridor buildersAfrica Finance Corporation names Lobito Corridor builders
The News The Africa Finance Corporation named a European-Turkish consortium to build a railway line through Zambia, the development of which will be a major step in the US-backed Lobito Corridor project to transport critical minerals and metals to Angola’s Atlantic coast. The multibillion-dollar development, which also includes upgrading Angola’s ...
The ‘national team’ to the rescueThe ‘national team’ to the rescue
Andy’s view Almost 14 years into Xi Jinping’s norm-busting reign, just about everybody is unhappy with his economy. The rich have been stung by a surprise 20% tax on their offshore wealth, much of it squirreled away in trusts in Hong Kong and Singapore, triggering a new rush for foreign ...
Brazilian markets tumble on Lula’s election victoryBrazilian markets tumble on Lula’s election victory
Brazil’s currency suffered its worst daily fall this century and its benchmark stock index plummeted 14% as investors soured on the country’s economic prospects following President Luiz Inácio Lula da Silva’s reelection. During his third term, Brazil’s budget deficit expanded to more than 8% of GDP as government spending soared ...
Divided Israelis heads to the polls for first election since Oct 7Divided Israelis heads to the polls for first election since Oct 7
Israelis cast ballots in a tight election with Prime Minister Benjamin Netanyahu fighting to retain power, but analysts cautioned the vote was unlikely to significantly alter the country’s stance on foreign policy or security. Israelis are divided on key issues, including threats to their country’s democratic institutions and settler violence, ...
Anthropic prospectus cheers investors ahead of IPOAnthropic prospectus cheers investors ahead of IPO
Global stock markets rose on Tuesday as Anthropic’s long-awaited IPO prospectus renewed hope in the AI trade. The frontier AI firm said revenue had grown fourteenfold in the first half of the year compared to the same period in 2025, and disclosed a $112 billion cash pile. Its $80 billion ...