FT News Briefing Nvidia throws rival Intel a lifeline
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Sep 19, 2025 Deutsche Bank's CEO is facing a major lawsuit, stirring up concerns in the financial world. UK Prime Minister Keir Starmer and US President Trump showcased solidarity during an extravagant state visit. Meanwhile, the Bank of England has opted to keep interest rates steady. In a surprising move, Nvidia has decided to invest $5 billion in Intel, raising questions about the future of chip technology and US competitiveness in the global market.
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Deutsche Bank Audit Lawsuit Emerges
- Five ex-employees plan a multimillion-pound lawsuit claiming Deutsche Bank's internal audit was flawed under Christian Sewing.
- Their 2019 convictions were later overturned and Deutsche Bank calls the claims meritless.
Starmer Walked A Tightrope During Trump Visit
- Keir Starmer managed a delicate balancing act hosting Donald Trump's state visit amid domestic political chaos.
- The visit offered Starmer political breathing space but did not transform his low approval ratings.
Big Tech Promises Boost Starmer's Pitch
- Major US tech firms pledged tens of billions to build AI computing infrastructure in the UK, with Microsoft leading at £30bn.
- Those commitments give Starmer tangible investment wins to show domestically amid political turmoil.