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US-China trade dispute
US wants allies to cut chip-related China exports amid Huawei alarm
...“It is doing so because the Biden administration, led by your department, is failing to protect American ingenuity.”...
April 25, 2024
Semiconductors
SK Hynix to build advanced plant in Indiana in boost to US chip self-sufficiency
...South Korean chipmaker SK Hynix has chosen the state of Indiana for a cutting-edge facility in the US that will give a major boost to the Biden administration’s efforts to bring more of the AI chip supply...
February 1, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...The state department also asked SBTi last year to make the purchase of carbon credits compulsory for companies taking part in the net zero verification process, even if these were not used to cancel out...
April 21, 2024
US foreign policy
White House decision to not replace Asia tsar stokes concern among US allies
...“Kurt will not be able to sustain this level of attention from the state department and he will have other priorities.”...
February 6, 2024
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Korean chipmaker SK Hynix to invest $4bn in Indiana plant
...The White House said the news furthered the administration’s goal of boosting US chip manufacturing capacity, as set out in the 2022 Chips and Science Act....
April 3, 2024
Electric vehicles
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
...SK Hynix, a maker of memory chips, is building an advanced packaging facility in Indiana....
April 26, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Renewable energy
US places bets on European companies in $6bn effort to clean up its heavy industry
...The $500mn in funding earmarked for an SSAB commercial-scale steel plant using hydrogen in Mississippi is one of 33 deals by a new agency set up under the Department of Energy, as part of the Biden administration...
March 25, 2024
Micron
Micron secures $13bn in US support to expand chipmaking capacity
...The Biden administration aims for 20 per cent of leading-edge chips worldwide to be made in the US by the end of the decade, as it seeks to shift the manufacturing of critical chips away from Asia....
April 25, 2024
Shohei Ohtani
Scandal involving baseball star Shohei Ohtani investigated by US league
...In its statement on Friday, MLB said the league had been “gathering information” since the news reports surfaced and that “our Department of Investigations began their formal process investigating the matter...
March 22, 2024
Letter
Letter: Let’s put a philanthropist on Foreign Office plinth
...the removal of the statue of Robert Clive, founder of the British East India Company, which appears in the photo of the Foreign Office accompanying the column....
April 17, 2024
Information Commissioner's Office
UK move to curb benefit fraud triggers privacy concerns
...The commissioner was responding to proposals tabled within the government’s data protection and digital information bill, which would allow the Department for Work and Pensions to obtain data from banks...
December 19, 2023
ExplainerSemiconductors
Why chipmakers are investing billions into ‘advanced packaging’
...cutting-edge artificial intelligence chips on home soil.The Korean company’s move is seen as a major win for the Biden administration which, alongside China, has recognised advanced packaging’s growing...
April 24, 2024
US employment
Employee non-compete agreements barred by US regulator
...Andrew Ferguson, one of two Republican FTC commissioners who voted against the rule, agreed with the argument that the agency lacked congressional authority to adopt the rule....
April 23, 2024
Letter
Letter: UK regions can learn from how the Swiss level up
...I’d like to offer a Swiss perspective by comparing the financial situation in Birmingham, where the city council is now run by government-appointed commissioners after running up a budget deficit of £87mn...
April 24, 2024
Israel-Hamas war
US set to impose sanctions on Israeli military unit over alleged human rights abuses
...The Biden administration and the EU have imposed a series of sanctions in recent months against several extremist Jewish settlers for attacks on Palestinians in the West Bank....
April 21, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
Eli Lilly & Co
Eli Lilly calls for scrutiny of rival Novo Nordisk’s deal to expand production of weight-loss drug
...David Ricks, the chief executive of the Indiana-based drugmaker, said Novo Nordisk’s acquisition of three manufacturing plants was “unusual” given “a growing concern about control of critical nodes in the...
February 6, 2024
Boeing Co
US justice department investigates door blowout on Alaska Airlines flight
...Since January Boeing has been facing a civil investigation of the incident conducted by the US Federal Aviation Administration....
March 9, 2024
John McTernan
Starmer should use powers the Tories will leave behind
...Take government communications: most departments use social media in ways that push the boundaries of political campaigning and test advertising guidelines to the limits....
April 11, 2024
The Big Read
Shipbuilding: the new battleground in the US-China trade war
...As a recent Department of Transportation Maritime Administration warning put it, “Logink is a single-window logistics management platform that aggregates logistics data from various sources, including domestic...
March 12, 2024
Eli Lilly & Co
Eli Lilly weight-loss drug found to address sleep apnoea in trial
...Shares in the Indiana-based drugmaker rose by 0.5 per cent on Wednesday....
April 17, 2024
Cyber Security
US to ban visas for spyware abusers and manufacturers who sell to them
...But the Biden administration has taken an increasingly tough stance on the manufacturers of spyware, most of whom are based in Israel, a close ally that classifies it as a weapon....
February 5, 2024
News in-depthVenezuela
How the Biden administration’s plan to engage with Venezuela unravelled
...Despite this week’s developments, the senior state department official said the Biden administration had not given up....
February 4, 2024
US-China relations
Janet Yellen warns China against clean energy dumping
...She highlighted companies’ announcements of more than $675bn in clean energy and manufacturing investments since the start of the administration, saying that solar accounted for more than half of new power...
March 27, 2024
Special ReportInvesting in America
Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?
..., president of the board of commissioners for St Joseph County, Indiana, a Republican state that has welcomed electric vehicle production....
October 26, 2023
FirstFT
FirstFT: Biden to warn Beijing against South China Sea aggression
...Here’s what the Federal Aviation Administration said....
April 8, 2024

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