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Semiconductors
SK Hynix to build advanced plant in Indiana in boost to US chip self-sufficiency
...South Korean chipmaker SK Hynix has chosen the state of Indiana for a cutting-edge facility in the US that will give a major boost to the Biden administration’s efforts to bring more of the AI chip supply...
February 1, 2024
Israel-Hamas war
Arab nations develop plan to end Israel-Hamas war and create Palestinian state
...The oil-rich kingdom stands out as a leader of the Sunni Muslim world and custodian of Islam’s two holiest sites....
January 18, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Artificial intelligence
Rival nations seek to poach top UK and European AI start-ups
...The concerted push to attract Europe’s most promising AI companies is part of the ambition of states beyond the tech superpowers of the US and China to become serious players in the burgeoning AI industry...
March 20, 2024
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Korean chipmaker SK Hynix to invest $4bn in Indiana plant
...The company intends to begin mass production in the state by the second half of 2028....
April 3, 2024
Exchange traded funds
BlackRock splits custody business for Irish-domiciled ETFs
...The move follows its 2021 announcement of the diversification of post-trade custodians for its US-registered ETFs....
February 14, 2024
Middle Eastern economy
Big companies heed Saudi Arabia’s demand to set up regional HQs
...Regional headquarter licences were being issued at a rate of 10 per week, the ministry said, although no public list would be issued....
March 10, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Eli Lilly & Co
Eli Lilly calls for scrutiny of rival Novo Nordisk’s deal to expand production of weight-loss drug
...Lilly has invested billions of dollars to grow production capacity for its weight-loss treatments across sites in Germany, North Carolina and its home state of Indiana but Ricks said the company was a “long...
February 6, 2024
FT News Briefing podcast10 min listen
China’s not so Evergrande
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
January 30, 2024
LexElon Musk
Elon Musk says Texas forever. Shareholders should not Premium content
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
April 17, 2024
Cyber Security
UK politicians should use ‘disappearing messages’ on devices, says GCHQ
...sensitive information that could be of interest to foreign states....
March 25, 2024
ETF HubLatest news on ETFs
State Street’s ETF back-office dominance is a ‘potential concern’
...The US bank acts as custodian for more than two-thirds of European ETF assets, totalling over €830bn, figures from Refinitiv Lipper show....
July 20, 2023
Shohei Ohtani
Scandal involving baseball star Shohei Ohtani investigated by US league
...While sports betting is legal in 38 US states and the District of Columbia, it is prohibited in California....
March 22, 2024
Renewable energy
US places bets on European companies in $6bn effort to clean up its heavy industry
...and storage facilities at a plant in Indiana....
March 25, 2024
Exchange traded funds
India equity ETF set to debut on Abu Dhabi bourse
...It will be managed by Lunate, with BNY Mellon serving as its global custodian....
January 24, 2024
Due Diligence
The $1mn fees roiling Miami’s golf clubs Premium content
...York for Miami has put a strain on everything in the Sunshine State....
April 11, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
News updates from February 1: Meta announces first ever dividend, Bank of England holds interest rates
Tesla shareholders to vote ‘immediately’ on moving incorporation to Texas, says Musk
...The billionaire businessman cited an earlier poll he posted on X asking, “Should Tesla change its state of incorporation to Texas, home of its physical headquarters?”...
February 1, 2024
Miami
Miami’s mayor pitches city as wealth-friendly ‘American Switzerland’
...and Tesla’s 2021 decision to move its corporate headquarters from California to Texas....
March 15, 2024
Tesla Inc
Tesla shareholders to vote on moving incorporation to Texas, says Musk
...The billionaire posted his comments about shifting to the state where Tesla’s physical headquarters are located following the ruling this week by Kathaleen McCormick, a judge in the Delaware Court of Chancery...
February 1, 2024
News in-depthMiddle East conflict
The Arab balancing act as Iran and Israel raise the stakes
...The kingdom shares a border with the Jewish state and is the custodian of the al-Aqsa mosque in Jerusalem, which necessitates regular co-operation with Israeli authorities....
April 15, 2024
News in-depthPolitical espionage
German spycatchers raise game against China and Russia
...On Monday, three German citizens, including a husband and wife, were picked up in the western German state of Nordrhein-Westfalen on suspicions of trying to sell sensitive military technology to Beijing....
April 24, 2024
MTN Group Ltd
South Africa’s MTN to boost investment in generators to combat blackouts
...MTN joins a growing list of companies plugging shortfalls from the state electricity provider Eskom....
April 10, 2024
Special ReportInvesting in America
Shein’s US push complicated by its Chinese roots
...“I think, at the end of the day, you have to look at the real benefit to the United States,” Tang says....
November 7, 2023
Space Exploration Technologies Corp
Musk to make another break with Delaware by moving SpaceX to Texas
...SpaceX, whose corporate headquarters are in southern California, is the latest of Musk’s half-dozen companies planning to split from Delaware, the small eastern state that has long been the favoured domicile...
February 15, 2024
Pound Sterling
Sterling outshines rivals as UK economy holds up better than expected
...Michael Metcalfe, head of macro strategy at State Street, custodian to about $40tn of assets, said his firm’s data showed investors had “rapidly reassessed” their underweight positions in sterling since...
March 8, 2024
Tax evasion and avoidance
German tax fraud prosecutor resigns in unexpected move
...Brorhilker has become known for her hard-nosed investigative approach as she refused to settle cases out of court and arranged for police to raid the headquarters of many well-known banks and professional...
April 22, 2024

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