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...Last year, Aramco acquired a 10 per cent stake in Shenzhen-listed Rongsheng Petrochemical for $3.6bn and entered a venture with two other Chinese companies to build a 300,000 b/d refinery and petrochemicals...
...The $3tn to $4tn it will cost each year come in a different macro environment.”...
...Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost even as western countries discuss stepping up sanctions in response to its attack on Israel....
...a blockbuster IPO....
...Moore would tap on the window and watch a herd of sheep, owned by a local farmer, drift towards the sound. They became the subject of a huge body of work, including Sheep Piece (1971-72)....
...Details: Tim Moore was a guest of Belmond (belmond.com)....
...Dear reader, Here’s a puzzle. Electric car company Tesla presents a terrible set of first-quarter earnings and is rewarded with a 10 per cent share price jump....
...Infrastructure is a big problem....
...a disused gasfield in the North Sea....
...The group that owns Chelsea Football Club sunk to a net loss of more than £650mn in its first set of earnings since acquiring the club for a record £2.5bn....
...elaine.moore@ft.com...
...The company that owns Chelsea Football Club made a net loss of more than £650mn after it bought the club for £2.5bn from sanctioned oligarch Roman Abramovich in May 2022....
...toddlers in a trenchcoat....
...The world’s largest commodity traders are investing heavily in data processing and analysis in a race to develop a technological edge over rivals....
...It said China’s oil demand had normalised after a post-Covid spurt and that a mild winter had moderated demand....
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...The call comes a year after the collapse of a £1.7bn takeover approach for Wood from buyout group Apollo....
...Of course, even with more than 10,000 people cheering, it’s not easy to turn a tech conference into a rousing cultural event. Harder still when you are a chip design company....
...A key difference is that Moore’s Law is a function of time, but Wright’s Law is a function of activity: the more you make, the cheaper it gets....
...Joining me now is the FT’s Elaine Moore. She’s a technology columnist and the deputy editor of our Lex column. Hey, Elaine. Elaine Moore Hi....
...Simon Case, who as cabinet secretary is responsible for half a million civil servants, and spy chief Richard Moore on Wednesday separately said they resigned from the club after facing criticism for their...
...Marc FilippinoElaine Moore is the FT’s deputy Lex editor and a tech columnist. Thanks, Elaine. Elaine Moore Thanks so much....
...I’m reporter Ethan Wu here in New York, joined from London by Elaine “Moore’s Law” Moore. Elaine MooreHi. Ethan WuAnd from New York, Robert “Value This” Armstrong. Robert ArmstrongHola....
...It said China’s oil demand had normalised, after a post-Covid spurt, and that a mild winter had moderated demand....
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