Micron posts 15-fold profit surge as AI companies clamour for chips

Shares rally in after-hours trading as chipmaker forecasts sustained demand for computer memory

Bitcoin hits 20-month low as market sentiment sours

Price of world’s most actively traded digital asset falls below $60,000 amid shift by retail investors to AI-related stock bets

Britain’s grid operator called for more electricity as temperatures soar

Extreme heat increases demand for power and reduces efficiency of solar panels

Putin's system is in a state of slow implosion

Look to the erosion of fiscal discipline to see where the problems lie

Hyundai Motor Co

The latest news, analysis and opinion on Hyundai Motor Co. In-depth analysis, industry insights and expert opinion

Venezuela to reveal $240bn debt pile in world’s largest restructuring

Caracas to disclose it has much more borrowing than expected after overthrow of Maduro

How a $20bn bet paid off for Africa’s richest man

Critics dub Aliko Dangote a crony capitalist. He says he is pioneering Asian-style economic development

The scandalous Modigliani that’s still making waves

Does a Sotheby’s sale of works amassed by billionaire Joe Lewis and his daughter Vivienne signal the top of the market?

Venezuela Faces World’s Largest Debt Restructuring

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Germany scraps plans to build its biggest warship since second world war

Shares in defence group Rheinmetall tumble as Berlin ditches F126 frigate programme after cost overruns and delays

Ari Emanuel in talks to buy West End and Broadway group ATG for $6bn

Hopes for deal conclusion soon with theatre group’s private equity owner Providence in the next month

US chipmakers lead Wall Street slide on interest rate rise worries

Nasdaq declines for second day with companies such as Nvidia under pressure