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US politics & policy
China and Russia challenge US claim to mineral-rich stretches of seabed
...The extended area is twice the size of California and spans regions that include the Pacific and Atlantic oceans, the Gulf of Mexico and other regions....
March 25, 2024
Utilities
UK updates water company insolvency laws amid fears over sector’s finances
...The Department for Environment, Food and Rural Affairs last week quietly issued legislation to update the three-decade-old special administration regime for water monopolies in England and Wales....
January 25, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, 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
FirstFT
FirstFT: Joe Biden to propose big tax rises in State of the Union address
...The Biden administration also intends to deny companies tax deductions on employees who are paid more than $1mn....
March 7, 2024
Apple Inc
Apple’s $85bn-a-year services business faces legal reckoning
...Google’s Play Store, which charges a similar fee, is also in the spotlight after it lost a landmark trial against Epic Games in California in December....
January 1, 2024
HM Revenue & Customs
HMRC undermining innovation by failing to award R&D tax credits, say start-ups
...Nine bosses told the Financial Times that the UK tax agency’s administration of the flagship government scheme had left them exploring moving overseas or scrapping plans to create jobs or invest, while two...
April 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
The Big Read
Should governments tax the great boomer wealth transfer?
...Gabriel Zucman, professor of economics at the Paris School of Economics and at the University of California, Berkeley, whom the G20 has asked to examine a proposal for a co-ordinated minimum tax on the super-rich...
April 15, 2024
Hunter Biden
US president’s son Hunter Biden indicted on tax evasion charges
...The US Department of Justice has charged Hunter Biden with nine federal tax offences, including tax evasion, adding to the legal troubles of the president’s son ahead of the 2024 election year....
December 8, 2023
News updates from December 8: US adds 199,000 jobs in November, UK competition watchdog examining Microsoft-OpenAI ties
US DoJ charges Hunter Biden with nine federal tax offences
...The US Department of Justice has charged Hunter Biden with nine federal tax offences, including tax evasion, adding to the legal troubles of the president’s son ahead of the 2024 presidential election year...
December 8, 2023
News updates from December 7: Yen hits 3-month high, Australia’s two biggest oil companies start $52bn merger talks
US DoJ charges Hunter Biden with nine federal tax offences
...The US Department of Justice has charged Hunter Biden with nine federal tax offences, including tax evasion, adding to the legal troubles of the president’s son ahead of the 2024 election year....
December 8, 2023
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
Soumaya Keynes
How economists could make themselves more useful
...But when the Biden administration started asking how to deploy subsidies, the evidence base was lacking....
April 26, 2024
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...than California’s, where Epic’s case was brought....
March 22, 2024
Electric vehicles
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
...Without an exemption to the FEOC rules for battery makers to secure graphite from Chinese suppliers, it is possible that no vehicles will qualify for the generous tax credits that the Biden administration...
April 26, 2024
Cruise LLC
GM’s driverless car unit Cruise probed over dragging incident
...When suspending Cruise’s driverless permit, the California Department of Motor Vehicles said the company had misrepresented the details of the accident by failing to disclose in meetings the day after it...
January 25, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Airlines
US airlines under fire for raising baggage fees again
...It took between two and four clicks to find bag fee information on the websites of American, Delta and United, but more than 10 for Spirit and Frontier....
March 10, 2024
Google LLC
Google engineer charged with AI secrets theft while working for Chinese groups
...A Chinese man who worked as a software engineer at Google in California has been charged by the US justice department with stealing artificial intelligence trade secrets from the technology giant while covertly...
March 6, 2024
Special ReportBusiness School Sustainable Education
Business school teaching case study: how electric vehicles pose tricky trade dilemmas
...In the US, the Biden administration set out three years ago that EVs should comprise half the number of vehicles being sold in the US by 2030....
March 12, 2024
Apple Inc
US Supreme Court will not review Apple fight with Epic Games over App Store
...The US Department of Justice has also been probing the company over possible antitrust violations for years. Apple did not immediately respond to a request for comment....
January 16, 2024
Google LLC
Google loses antitrust lawsuit against Epic over its app store
...Sweeney said the verdict called into question the widespread use of the 30 per cent commission fee across the gaming industry....
December 12, 2023
Electric vehicles
Americans opt to lease electric cars to tap Biden tax credits
...Car shoppers were far more likely to lease electric vehicles this year than buy them, as they took advantage of a $7,500 tax credit available under the Biden administration’s clean energy subsidies....
December 16, 2023
FT CollectionsClimate Exchange
Richard Spinrad: Climate disaster map does not align with political map
...And there have been some threats of rescission of some of those funds [if there is a new administration in the White House]....
April 22, 2024
UK Budget
Labour’s £28bn green investment plan at risk from UK Budget tax cuts
...pounds of tax cuts....
January 23, 2024
Food & Beverage
Moves to ban lab-grown meat intensify in Republican US states
...Cultivated meat businesses argued they undergo close scrutiny by the US Food and Drug Administration and the US Department of Agriculture before products can be eaten....
March 31, 2024
Semiconductors
Samsung boosts Biden’s chipmaking ambitions with Texas plant upgrade
...The Biden administration aims to increase domestic production of advanced chips from zero to 20 per cent of the world’s supply by the end of the decade, amid concerns that they could be cut off by a natural...
April 15, 2024

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