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[EN] Financial Times

Tech results as it happened: Google, Meta and Microsoft boost AI spending forecasts

Facebook owner’s stock drops 6.5% while Alphabet, Microsoft and Amazon report strong cloud computing growth

Google outpaces Big Tech rivals as AI spending plans rise to $725bn

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

Starwood real estate fund halts redemptions as bet on lower interest rates bites

Move comes after fund restricted investors’ liquidity rights two years ago

King Charles III tries to mend the special relationship with United States

Letter: Pakistan makes virtue of necessity with role in Iran talks

From Afnan Wasif, MAIR Candidate and Public Service Fellow, Johns Hopkins SAIS, Washington, DC, US

Letter: Britain’s coastal policy — a mispricing of time

From Saanvi Chaudhary, Panchkula, Haryana, India

Letter: Science and the liberal elite

From Lord Wallace of Saltaire, Liberal Democrat Peer, House of Lords, London SW1, UK

Letter: Let’s look at aid as shared investment in stability

From Jeroo Billimoria, Founder, One Family Foundation; Board Member and Convenor of the Government Council for Social Innovation, Koekoeksweg, The Netherlands

SoftBank plans to list new AI and robotics company in the US

Masayoshi Son plots IPO for business named Roze as soon as this year

FT Crossword: Number 18,359

US indicts Mexican governor on drug charges

Sinaloa governor Rubén Rocha alleged to have close links with deadly cartel

Big Tech’s earnings get ever bigger, and ever less useful

Meta, Alphabet and peers are growing smartly, but their value hinges on hard-to-answer questions about AI supremacy

Powell vows to remain on Fed board as he warns over attacks by Trump

US central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

Met chief calls for greater condemnation of attacks on Jewish targets after stabbing

North London incident described as ‘antisemitic’ by Sir Keir Starmer is declared a terrorist incident by police

Musk says he was ‘a fool’ to fund the launch of OpenAI

Billionaire says Sam Altman wanted ‘halo effect’ of a non-profit while enriching himself in second day of his testimony

Bill Ackman’s Pershing Square USA slides on Wall Street debut

Weak investor demand hits hedge fund chief’s scaled-back double offering

Trump’s $1mn gold card visa fails to excite the world’s wealthy

US government filing shows only 338 people have submitted formal requests for the fast-track residency scheme

FirstFT: Goldman Sachs prevents Hong Kong bankers from using Anthropic’s Claude

Also in today’s newsletter: oil tops $120 and Asian chipmakers surge

Google told staff it is ‘proud’ of Pentagon AI contract after internal backlash

The tech giant signed an artificial intelligence deal with the defence department on Monday

Trump and PGA Tour reunite under gold statue at Doral

Sculpture presides over Cadillac Championship’s return to president’s Miami resort after decade-long absence

Oil tops $120 as Trump signals extended Hormuz stand-off

Brent crude rises for eighth straight day as US president says he will keep naval blockade in place

Italy seeks compensation from Switzerland over nightclub tragedy

‘Gesture’ by Giorgia Meloni’s government escalates feud between neighbours over deadly fire in Swiss ski resort

Volkswagen rolls out cheaper EVs in battle with Chinese carmakers

ID.Polo is one of four planned affordable electric vehicles across the VW, Škoda and Cupra brands

Trump’s Iran war has cost $25bn, Pentagon says

Use of costly missiles and air defence interceptors raises alarm about US readiness for other conflicts