Oil in the new age of volatility

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. In recent years, June Fridays have often been viewed by financiers as a good moment to work from home. Not now.  As news spread about the Israeli air strikes on Iran, traders across Wall Street…

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AI data scrapers are an existential threat to Wikipedia

Wikipedia is under threat from the AI boom Chris Dorney / Alamy Wikipedia is one of the greatest knowledge resources ever assembled, containing crowdsourced contributions from millions of humans worldwide – and it faces a growing threat from artificial intelligence developers. The non-profit Wikimedia Foundation, which operates Wikipedia, says since January 2024 it has seen…

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The trouble with MAGA’s manufacturing dream

In the late 1940s, as the industrial capacity of Europe and Japan lay in tatters, America accounted for over half of global manufacturing output, with much of the world heavily reliant on its wares. Last year it accounted for little over a tenth, and imported $1.2trn more in merchandise than it exported—to the displeasure of…

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Visit the Arctic vault holding back-ups of great works

Adrienne Murray Technology Reporter Reporting fromLongyearbyen, Norway Getty Images Norway’s Longyearbyen is the world’s northernmost town High above the Arctic Circle, the archipelago of Svalbard lies halfway between mainland Norway and the North Pole. Frozen, mountainous, and remote, it’s home to hundreds of polar bears and a couple of sparse settlements. One of those is…

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Big tech has a big Trump problem

In the weeks after the re-election of Donald Trump, the bosses of America’s tech champions worked hard to ingratiate themselves with the returning president, congratulating him publicly and dutifully turning up to his inauguration. Mark Zuckerberg, the boss of Meta, gushed that it was nice to have an administration that was “proud” of America’s tech…

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