OpenAI negotiates with Microsoft to unlock new funding and future IPO

High-stakes talks to revise terms of multibillion-dollar partnership are key to plans to adopt for-profit model
Zelenskyy says Russia must agree to ceasefire before holding peace talks

Ukrainian president welcomes Putin’s call to meet but insists on 30-day unconditional truce
UK to end visas for care workers as part of immigration clampdown

Employers’ ability to recruit staff from overseas for lower-skilled jobs will be restricted
UK immigration debate needs to drop the numbers game

Labour’s task is balancing public appetite for control with the party’s other policy goals
Saudi Aramco cuts its dividend by $10bn

Lower payouts from supermajor put pressure on Riyadh’s ambitious diversification plans
Internal trade barriers are as stifling as tariffs

Removing inefficiencies at home is even more important in a trade war