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...Regulators can impose fines of up to 10 per cent of a company’s global turnover if they are found to have broken EU competition law. The commission declined to comment....
...The company’s major backers include billionaire Jeff Yass’s Susquehanna International Group, Sequoia Capital and its Chinese split-off HongShan as well as Yuri Milner’s DST Global and SoftBank....
...The US is pushing allies in Europe and Asia to tighten the restrictions, following the debut of an advanced chip by Chinese mobile phone maker Huawei and chipmaker Semiconductor Manufacturing International...
...That leaves only the meme jockeys and futurologists. For them, going all-in on robotaxis may sound great for the 2030-something forecasts, and an earnings tape-bomb is just a speed bump....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and David Sheppard, with support from the FT’s global team of reporters....
...This compares with global air passenger volumes, which are only likely to exceed pre-pandemic levels this year, according to trade group Airports Council International....
...SIG, a global quantitative trading firm, became Zhang’s first big backer, helping kick-start a social media revolution....
...BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals as firms jockey for a larger slice of the $8tn industry....
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...Live linear networks will also be available on Max in some countries including CNN International in France and Poland, TVN in Poland, TVNorge in Norway, Kanal 5 in Sweden and Eurosport....
...Global smartphone shipments increased 8 per cent year on year, according to IDC’s preliminary data, the third quarter of growth in a row....
...But less global focus can mean missing out....
...Recent hires in Europe include Pascal Saint-Amans, who led the OECD’s negotiation of a global minimum tax for companies, and mergers and acquisitions lawyer Steve Cooke, who will join Brunswick when he steps...
...But the government can’t just take TikTok without compensation — that will hurt not just China, but the 60 per cent of ByteDance shareholders who are international investors, including US pension funds....
...The disposal of the retail unit, which has lower margins compared with its international car distribution arm, will help improve the group’s profitability....
...Experts said this was a further sign that Beijing wanted to allay international concerns over a wave of Chinese EV exports....
...The International Energy Agency is out with its monthly oil report today with divergent views on demand from Opec....
...However, as I have noted before, some 60 per cent of the group is actually owned by “international” investors, overwhelmingly American....
...China, the dominant solar equipment supplier, doubled production capacity last year to more than 1tn watts and now produces nearly three times more panels than global demand, according to the International...
...Separately, in the UN High Seas Treaty adopted in June, nations agreed to protect 30 per cent of international waters by 2030....
...Instead, RSM intends to focus on integrating its international network to reflect the global ambitions of the mid-market businesses it caters to, Becker told the Financial Times....
...He has since courted a diverse range of figures aligned with the global right, from techno-libertarian Musk to former US president Donald Trump and Brazil’s far-right former leader Jair Bolsonaro....
...A new international business structure, headed by Rachel Lord, aims to boost BlackRock in fast growing markets outside the US....
...David Ludwig, global head of ECM at Goldman Sachs, said investors were still being careful over valuations....
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