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...The UK, one of Uber’s biggest markets outside North America, is serving as a test ground for these ambitions, and Uber has already rolled out domestic train, Eurostar and coach ticket bookings in the country...
Activity in futures contracts linked to cryptocurrency surges to record levels in January
Safety experts raise concerns over plane maker’s request for a regulatory exemption on critical safety rules for the Max 7
...Citi, JPMorgan and Bank of America have all gotten in....
...Samsung and fellow South Korean display maker LG still enjoy a technological edge in top-end organic light-emitting diode displays, but this may not last for long....
...LG showcased an AI-powered robot companion that can call an ambulance if a person has a fall at home....
...Waning demand for loans from collateralised loan obligations — the vehicles that own roughly two-thirds of America’s low-grade corporate loans — has made refinancing “challenging” for loan issuers, according...
...Three Korean battery suppliers — LG Energy Solution, SK On, and Samsung SDI — are among the global top 10 in making batteries for the growing EV market....
...Last week South Korean battery producer LG Energy Solution echoed Tesla chief Elon Musk and warned EV sales were expected to weaken as a result of higher interest rates....
...Ultimately, the company is planning to quadruple its EV battery capacity annually by 2031, mainly in North America....
...Samsung Display stopped producing LCDs last year to focus on more advanced displays, while LG Display is reportedly selling its LCD plant in the Chinese city of Guangzhou....
...FT Cryptofinance is edited this week by Philip Stafford. Please send any thoughts and feedback to cryptofinance@ft.com....
...FT Cryptofinance is edited by Philip Stafford. Please send any thoughts and feedback to cryptofinance@ft.com....
...Philip Morris was part of a joint $206bn settlement with three other tobacco companies. PMI was spun out of Altria, the rebranded version of Philip Morris, in 2008....
...As well as two other works by Ruscha, the auction will have three paintings by Philip Guston — including his “Chair” (1976, est $12mn-$18mn) — and pieces by Man Ray, Henri Matisse and Ken Price....
...Cryptofinance is edited by Philip Stafford. Please send any thoughts and feedback to cryptofinance@ft.com....
...Eight months ago, the Bank of America, Goldman Sachs and Credit Suisse did just that....
...Last week, for example, South Korean group LG Chem announced a $3bn investment in a battery plant in Tennessee....
...Parent LG Chem will retain an 81.8 per cent stake in the battery unit after the listing. Analysts expected short-term volatility in LGES shares given the limited share float....
...The Connecticut-based company has its sights on Swedish Match, America’s biggest supplier of chewing tobacco....
...Tadanobu told investors in June that the company planned to triple or quadruple EV battery production capacity by 2028, boosting its output mainly in North America....
...Philip Morris International has struck a $16bn deal to buy Swedish Match, as the tobacco company makes its biggest bet yet on alternatives to cigarettes....
...consternation in the Korean capital last month when Biden signed into law a provision of his landmark Inflation Reduction Act that eliminates subsidies for electric vehicles assembled outside of North America...
...Leaders of JPMorgan Chase, Bank of America and Citigroup have committed to complying with any US government demand to pull out of China if Beijing were to attack Taiwan....
...LG Display said it was switching LCD production lines for TVs over to IT products, which are in high demand because of component shortages....
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