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Cheaper AI like China’s DeepSeek are ‘very welcome,’ says Singapore’s digital minister Josephine Teo

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Singapore will welcome cheaper models like China’s DeepSeek, says the country’s digital minister, as smaller countries and companies try to explore how to get the benefits from AI without paying exorbitant prices for the tech. Companies considering the use of AI inevitably have to consider cost, Josephine Teo, Singapore’s minister for digital development and information, … Read more

Japanese Prime Minister Shigeru Ishiba’s future is in doubt after disastrous loss in upper-house election

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Japanese Prime Minister Shigeru Ishiba’s future was unclear Monday after his coalition appeared to have disastrously lost its upper house majority in elections that saw strong gains by a right-wing populist party. The Liberal Democratic Party (LDP), which has governed almost continuously since 1955, and its partner Komeito had to win 50 seats in Sunday’s … Read more

UK Minister Calls For Ban On Political Donations Made In Crypto: Says “Funding Of Democracy Is Controversial Area”

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UK Cabinet Office minister Pat McFadden has questioned political donations made in crypto. According to a Guardian report published on 18 July 2025, McFadden, a close ally of UK Prime Minister Keir Starmer said, “The funding of democracy is often a controversial area but I think that it’s very important that we know who is … Read more

German defence minister calls on arms makers to deliver

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Germany’s defence minister has told weapons makers to stop complaining and “deliver” on re-arming Europe, as he called for production to increase to match his country’s booming spending plans. Boris Pistorius told the Financial Times his government had addressed long-standing industry concerns by streamlining hundreds of billions of euros of new military spending. “There is … Read more

Africa’s top garment exporter could fold under US tariffs, minister says

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lesotho’s trade minister has warned that the country’s textiles industry, a major exporter to brands such as Levi’s and Wrangler in the US, risks having to fold if Donald Trump presses ahead with 50 per … Read more

Former UK Prime Minister Rishi Sunak returns to Goldman Sachs

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Rishi Sunak on the grid before the F1 Grand Prix of Great Britain on July 06, 2025 at Silverstone Circuit in Northampton, England. Bob Kupbens | Icon Sportswire | Getty Images Former U.K. Prime Minister Rishi Sunak is set to rejoin Goldman Sachs as a senior adviser, the bank announced Tuesday, a year after his … Read more

France’s industry minister says 10% tariffs not good deal for EU

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French Industry Minister Marc Ferracci said agreeing to 10% tariffs on European exports to the US would be a bad deal, signaling disapproval of a potential compromise with Washington. The European Union has until July 9 to clinch a trade arrangement with Donald Trump before tariffs on nearly all exports to the US jump to … Read more

UK government in ‘much better position’ ahead of crunch welfare vote, minister says

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has refused to say it is confident of winning its key welfare reform vote this week, as a significant number of rebel MPs are still threatening to try and kill the bill, … Read more

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