Press Digest: Financial Times - October 13
PRESS DIGEST-Financial Times - October 13 Oct 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Franco-German deal on EU car policy is 'imminent', says Emmanuel Macron
- France to raise stake in struggling miner Eramet
- Mark Zuckerberg says Meta has reached AI 'frontier'
- IMF upgrades outlook for UK as AI drives growth spurt
Overview
- French President Emmanuel Macron said a deal on EU car policy was "imminent" at an industry showcase in Paris, adding: "We are finalising an agreement with our German partners so that Europe can advance, in order to better protect our industry."
- The French state is set to increase its stake in struggling miner Eramet ERMT.PA, becoming its top shareholder in a bid to shore up the group's finances and protect France's access to critical minerals.
- Mark Zuckerberg says Meta META.O has caught up with rivals at the "frontier" of AI, committing to further vast spending to challenge Anthropic and OpenAI and downplaying warnings about the risks of the technology running out of control.
- AI is driving a growth spurt in the UK, according to new IMF forecasts that show Britain's outlook has improved more than almost any other major economy over the past six months.
(Compiled by Bengaluru newsroom)
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