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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share...
April 23, 2024
Semiconductors
South Korean chipmakers halt old equipment sales over fears of US backlash
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
March 12, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
US banks
Goldman bought UK and US companies using Chinese state funds
...It continues to invest in US and global companies, helping them increase their sales into the China market.”...
August 29, 2023
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Tim Cook, Apple’s chief executive, is visiting Vietnam this week as the iPhone maker plans to increase its supply chain there....
April 15, 2024
Retail sector
Germany’s largest sports retailer doubles down on physical stores
...Intersport Deutschland last year reported a 5.7 per cent increase in sales to €3.5bn. Its online sales grew 21 per cent last year, albeit “from a low level”, he said....
April 3, 2024
Energy Source
Exxon’s exit marks reversal of fortune for Equatorial Guinea Premium content
...“[It] is amazing to me,” he said, forecasting higher oil prices ahead if global growth picks up due to imbalances between supply and demand....
March 19, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
FirstFT
FirstFT: Traders build up bets of Fed interest rate rise
...US property: New home sales figures measuring the number of new single-family properties that were sold last month. Five more top stories 1....
April 23, 2024
Investments
Investors’ Chronicle: Central Asia Metals, Bioventix, Kingfisher
...At Sasa, costs climbed slightly but power came cheaper thanks to a new supply deal....
March 29, 2024
Moral Money
Is time running out for fast fashion? Premium content
...There’s nothing inherently cool about repeatedly rushing to spend money on newly released items of low-quality clothing at the instigation of a big corporation....
March 25, 2024
Transcript
Transcript: Big business bets on Modi
...And businesses have obviously been very happy that he slashed corporation tax from 30 per cent to 22 per cent....
April 19, 2024
Holcim Group
Switzerland’s Holcim plans to spin off US cement business
...“We have all the tools, we have all the supply chain in place. But we needed more focused management.”...
January 28, 2024
Utilities
Pennon buys SES Water in £380mn deal
...Pennon Group, which owns South West Water, said it had acquired SES Water, which supplies 750,000 customers in south-east England, and other ancillary businesses from Sumitomo Corporation and Osaka Gas for...
January 10, 2024
US presidential election 2024
Biden’s energy policies are fuelling Trump’s campaign in Pennsylvania
...“When I heard Biden was coming to Scranton I volunteered to sign people in for his speech,” said Sarah Cruz, a sales associate at Boscov’s department store....
April 21, 2024
Energy Source
Brighter skies for US offshore wind Premium content
...Okray served as the CFO of Eaton Corporation and succeeds Anastasiya Pasterick, who left the role after six months....
March 7, 2024
Russian business & finance
Russia foils western sanctions on natural gas project as shipments near
...While sanctions have failed to halt the project’s development, experts believe they could be more successful in blocking sales....
February 21, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Semiconductor Manufacturing International Corp
China’s biggest chipmaker warns geopolitics is stoking global glut
...In the July-September quarter, the proportion of its sales from China increased to 84 per cent from 75 per cent a year earlier....
November 10, 2023
LexApple Inc
Apple/iPhone: Pro model will add bite to sales in China Premium content
...That looks a problem when global sales of smartphones are falling....
September 13, 2023
LexUmicore SA
Umicore: cathode capacity expansion cuts signal slower EV revolution Premium content
...Umicore plans to supply cathodes to a joint venture partner, battery maker Automotive Energy Supply Corporation, building 35GWh of capacity in Canada at a total cost of €1.3bn....
October 17, 2023
Uranium
Hot uranium threatens a meltdown for Western energy security
...Cruel irony: American and European ratepayers are financing both sides of Russia’s war on Ukraine — Rosatom drops more than $1bn annually into Putin’s pocket through its uranium sales to US utilities alone...
January 4, 2024
US trade
Biden declares opposition to Nippon Steel takeover of US Steel
...“Allowing one of our nation’s largest steel manufacturers to be purchased by a foreign-owned corporation leaves us vulnerable when it comes to meeting both our defence and critical infrastructure needs,”...
March 15, 2024
Nike Inc
Nike races to keep from losing ground to more nimble rivals
...And macroeconomic effects, from the pandemic to inflation and supply chain disruptions, have not favoured a global behemoth like Nike....
January 13, 2024
FirstFT
FirstFT: Slowdown in dealmaking leaves private equity with record unsold assets
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
March 11, 2024
Strategic Petroleum Reserve USA
Reimagining the SPR
...The Development Finance Corporation (DFC) could support resilient global supply chains while supporting economic development....
February 24, 2024
US-China trade dispute
China imposes export curbs on graphite
...China has imposed export controls on graphite, a material used in electric vehicle batteries, as Beijing hits back at US-led restrictions on technology sales to Chinese companies....
October 20, 2023
Electric power
Resurgent US electricity demand sparks power grid warnings
...Failing to meet the investment challenge would result in more electricity providers “crying uncle”, shutting down supplies to customers and threatening economic growth, said Robb....
January 12, 2024

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