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FirstFT: Oracle’s $10bn Michigan data centre dealt a setback

Also in today’s newsletter: Putin’s hardline speech on the Ukraine war, and iRobot CEO says previous management was ‘in denial’

From Saudi Arabia’s crown prince to California tech moguls, key players in the fight for a celebrated Hollywood institution

Investment firm concerned about tougher debt terms and the risk of delays to the vast project

Former Arthur Andersen partners raised $176mn after pricing shares at top of range

Blackstone- and Carlyle-backed offering viewed as important test for $4tn private equity industry

Software giant suffers renewed declines after backer Blue Owl pulls out of $10bn project

Gary Cohen defends takeover of US robotic vacuum company by Chinese rival following bankruptcy

Warning comes after Italy and France pushed to delay vote on landmark agreement with South American nations

Hollywood studio wants Larry Ellison to offer an airtight personal guarantee, like the Tesla boss did with Twitter

Verdict leaves no doubt about the consequences of standing up to Beijing

Measure removes last big hurdle to foreign investment in war-battered country

Unit set up by Michael Gove targeted those refusing to pay for post-Grenfell remediation of cladding

Warner’s recommendation to reject Ellison offer adds twist to takeover saga that could reshape Hollywood

Six authorities will be exempted from rules requiring tax rises of 5 per cent or more to be put to a local referendum

Pound weakens as figure strengthens case for BoE rate cut this week

Legislation commits to minimum troop numbers on the continent and continued assistance to Ukraine

Keir Starmer’s business adviser misses out with prime minister expected to announce pick for key diplomatic job on Thursday

Russian president vows to liberate ‘historic lands’ in hardline speech, showing no signs of compromise on invasion goals

David Ellison’s offer provides ‘untenable degree of risk’ and ‘potential downside’ for WBD shareholders

The chain might benefit from an owner that can give it more time and attention

Gilts will outshine global peers, helped by BoE rate cuts, Wall Street lenders predict

Data bolsters expectations that Bank of England will cut interest rates on Thursday

Regulator considers whether to ask court to ban pair after firm was fined over drugs sold to NHS

Valuations rest on the incorrect assumption that frontier model creators have built massive, durable moats