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Masayoshi Son
SoftBank’s Masayoshi Son piles debt on to Silicon Valley mansion
...Son bought the Woodside estate 11 years ago, paying $117.5mn — then the most for a US residential property — to acquire the property from Tully Friedman, co-founder of private equity giant Hellman & Friedman...
January 14, 2024
Semiconductors
Chipmaker GlobalFoundries criticises planned German subsidies for TSMC
...Intel increased the volume of support for its Magdeburg project from €6.8bn to €9.9bn after complaining about rising energy and construction costs....
July 25, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Ransomware
‘Nevada Group’ hackers target thousands of computer networks
...OVHcloud said it was providing technical support to its customers and co-operating with law enforcement....
February 23, 2023
Aviation accidents and safety
US grounds some Boeing 737 Max planes after window blows out mid-air
...Spirit AeroSystems, a key Boeing supplier, installs the plugged door as part of its construction of the 737 Max fuselage, a company spokesman confirmed. The spokesman declined to comment further....
January 6, 2024
Boeing Co
Boeing and supplier shares fall after mid-flight accident
...The company, a crucial Boeing supplier, installs the plugged door as part of the construction of the 737 Max fuselage for some aircraft....
January 8, 2024
Boeing Co
‘It ain’t working’: Boeing’s quality pledges in question after Max 9 incident
...“They may have changed the way they’re doing things, but it ain’t working,” said Captain Dennis Tajer, spokesperson for the pilots union for American Airlines....
January 15, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Artificial intelligence
China offers AI computing ‘vouchers’ to its underpowered start-ups
...Last year, Suzhou, a city west of Shanghai, set up a trading platform to “co-ordinate the city’s computing resources”, according to its website....
March 4, 2024
Aviation accidents and safety
Boeing shares fall as investigators locate door that blew out during flight
...The company, a key Boeing supplier, installs the plugged door as part of the construction of the 737 Max fuselage....
January 8, 2024
XPeng, Inc
China’s Xpeng to boost spending to survive ‘bloody sea’ of EV competition
...Xin Guobin, vice-minister of industry and information technology, warned in January that Beijing would take “forceful measures” to address “blind” construction of new EV projects by some local authorities...
February 19, 2024
InterviewBlackRock Inc
How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up
...Fallout from the global financial crisis drove down activity at its customers such as restaurants and construction sites, and it lost business to fly-by-night competitors....
January 14, 2024
Natural gas
LNG pioneer Charif Souki leaves Tellurian with $8mn after ousting
...Souki remained defiant, however, telling the Financial Times as recently as August that he was confident he would see the project through to construction....
December 20, 2023
Electric vehicles
‘The early adopters have adopted’: US carmakers slow their EV growth plans
...That includes cutting some production of the Mustang Mach-E and delaying construction on one of two joint-venture battery plants planned in the state of Kentucky....
October 28, 2023
Scoreboard
Roger Federer’s lesson for Tiger Woods Premium content
...For one thing, co-founder Phil Knight was a fan of Woods from his days as a teenage prodigy....
January 13, 2024
News in-depthSemiconductors
Taiwan’s chip industry heads overseas amid supply chain shift
...Taiwan Semiconductor Manufacturing Co and Foxconn are not the only Taiwanese tech companies feeling compelled to expand abroad....
April 10, 2024
Lee Jae-yong
Prosecutors seek 5 years for Samsung chief for alleged stock manipulation
...Prosecutors allege that Lee, who was vice-chair of Samsung Electronics in 2015, was among a group of executives who inflated the stock price of Cheil Industries, a textile company, and devalued Samsung C&T, a construction...
November 17, 2023
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Occidental Petroleum Corp
BlackRock set to invest $550mn in Occidental direct air capture project
...The companies said on Tuesday they would form a joint venture to develop Stratos, a project under construction in west Texas that aims to extract carbon emissions from the atmosphere....
November 7, 2023
Scoreboard
Padel boom lures investors Premium content
...One model is espoused by Padium — backed by Spotify co-founder Martin Lorentzon — which wants to build fancy clubs in prime locations, such as its new centre in London’s Canary Wharf financial district and...
November 25, 2023
Greensill Capital
Greensill insurer IAG turns fire on rivals in battle over investor losses
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
November 2, 2023
PGA Tour Inc.
PGA Tour rushes to contain fallout from golf tie-up with Saudi fund
...But despite the increased scrutiny — the PGA was already co-operating with a Department of Justice investigation into potential antitrust concerns launched last year — the US golf tour still believes a deal...
June 23, 2023
News in-depthAltice Europe NV
Altice fraud arrests throw spotlight on Drahi’s elusive right-hand man
...Hiring junk bond market stalwarts helped, with Drahi enlisting as top executives the likes of Morgan Stanley’s former top telecoms banker Dexter Goei and Dennis Okhuijsen, previously treasurer of “cable...
July 31, 2023
Investing in funds
Debate over 60/40 portfolio rolls on despite BlackRock stance
...Brett Pybus, global co-head of iShares fixed income ETFs, said bond ETFs would be ideally suited to this new age of what BlackRock is calling the Great Yield Reset....
June 16, 2023
News in-depthCountry Garden Holdings Co Ltd
Chinese developer Country Garden’s Malaysian project in focus amid contagion worries
...The construction costs and other expenditures will accrue as new projects are initiated.”...
September 12, 2023
Batteries
Korea Inc’s big battery bet on Indonesia at risk from US restrictions
...The problem, said Tim Bush, a Seoul-based battery analyst at UBS, is the Inflation Reduction Act has given companies until the beginning of 2025 — just over 18 months away — to complete the construction...
June 1, 2023
Supply chains
HP to move production of millions of computers to Thailand and Mexico
.... ©2023 Nikkei Inc. All rights reserved....
July 27, 2023
HTSI
Six of the best carbon road bikes
...The construction technique allows for weight savings (the frame is just 731g) and the carbon is remarkably stiff, while the power transfer to weight ratio is superb....
July 26, 2023

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