PRESS DIGEST-Financial Times - May 8
- Prediction market Kalshi has more than quadrupled in valuation in less than a year to $22 billion in its latest fundraise, as investors pile into the rapidly growing platform. - U.S. President Donald Trump has given the European Union until early July to implement its trade deal with the US, as he also offered a reprieve from steep car tariffs threatened last week.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines
- Meta claims Ofcom 'unprecedented' fining power is unlawful - NBA offers $3 billion to jump-start European basketball league
- Kalshi valuation quadruples to $22 billion in less than a year - Donald Trump extends EU trade deal deadline while issuing fresh threat
Overview - Technology giant Meta has launched a legal challenge over the Britain's new online safety rules, arguing that the communications regulator has unlawfully armed itself with powers to impose "unprecedented" penalties.
- The National Basketball Association has told investors it plans to commit more than $3 billion to its proposed new European basketball league after some potential team owners raised concerns about a long wait for profits. - Prediction market Kalshi has more than quadrupled in valuation in less than a year to $22 billion in its latest fundraise, as investors pile into the rapidly growing platform.
- U.S. President Donald Trump has given the European Union until early July to implement its trade deal with the US, as he also offered a reprieve from steep car tariffs threatened last week. (Compiled by Bengaluru newsroom)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Google News