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...The FT’s Michael Stott recently travelled to the area and he joins me now to talk about it. Hi, Michael. Michael StottHello, Sonja....
...The Nigerian naira has lost well over half of its value against the dollar since June, while the Malawian kwacha has lost more than 40 per cent of its value against the dollar over the same period....
...The Brazilian real slipped to its lowest level against the US dollar in more than a year on Tuesday, trading at 5.27 against the greenback....
...A £400mn publicly traded Kemble bond that expires in May 2026 was trading at 26 cents on the dollar on Tuesday afternoon, indicating market nerves over the company’s future....
...You can probably guess who remains the reigning champ of earnings call swearing: Ryanair’s Michael O’Leary....
Tech giant pulls plug on ‘Project Titan’ to fund a multibillion-dollar bet on generative artificial intelligence
...“We need to show that we’re more effective, that we’re having more impact, that we’re using every dollar in the best way,” he said in an interview....
...michael.stott@ft.com...
...Partly, that’s a function of the methodology, which considers cumulative wealth creation in dollars....
...Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Manuela Saragosa is the FT’s executive producer....
...Companies including OpenAI, which is backed by Microsoft, and other entities have spent billions of dollars to acquire Nvidia’s chips, which offer the computing power behind generative AI technology that...
...I’m joined now by Michael Pooler. He covers Brazil for the FT. Hi, Michael. Michael Pooler Hi, Marc....
...US technology giants have faced a growing number of questions about their AI development as they spend billions of dollars to compete in the emerging sector....
...It said that each dollar awarded in its first round of project funding announced in July had catalysed a further $6 of investment. Resource allocation for disease control remains highly contentious....
...Neumann was ousted from WeWork in 2019 after it racked up billions of dollars in losses....
...Apple chief financial officer Luca Maestri played down the decline in China sales, blaming it in part on a stronger dollar....
...found against Google in a lawsuit brought by Epic, the company behind popular video game Fortnite, which accused the search giant of suppressing competition in the Android app market to secure billions of dollars...
...michael.pooler@ft.com...
...Chief executive Tim Cook last month told analysts he remained “very optimistic about China over the long term” and blamed part of the decline on a stronger dollar....
...Keep your eyes on the dollars.”...
...Apple has been typically secretive about its AI plans even as big tech rivals, such as Microsoft, Google and Amazon, tout multibillion-dollar investments in the cutting-edge technology....
...Other investors have followed hedge funds in buying dollars in recent weeks, according to Michael Metcalfe, head of macro strategy at State Street, which is custodian to $40tn of assets....
...was spiralling out of control, international reserves were negligible and the government was printing so much money to fund itself that the peso’s value had plunged 96 per cent in five years against the dollar...
...Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
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