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Artificial intelligence
Microsoft to invest $1.5bn in Abu Dhabi AI group G42
...“And this decision reflects confidence by our company in the UAE as a country, in G42 as a company, and in Peng as its CEO.”...
April 16, 2024
TikTok Inc
TikTok’s US revenues hit $16bn as Washington threatens ban
...The data came as TikTok’s future in the US was plunged into doubt this week after the US House of Representatives approved a bill to force TikTok to be sold to a non-Chinese company within six months or...
March 15, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Smith & Nephew PLC
Smith & Nephew seeks pay premium for US executives over those in UK
...group CRH, packaging company Smurfit Kappa and plumbing supplier Ferguson, decided to quit the FTSE 100 for a primary listing in the US....
March 11, 2024
Moral Money
Homeowners warm to heat pumps Premium content
...There is also strong corporate lobbying from US utility businesses that are eager to keep gas stoves alight....
January 8, 2024
US banks
Blank-cheque company aims to buy failed US banks
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
March 13, 2024
US economy
‘Stretched’ US consumers start to pull back on spending
...Many retailers had raised prices to pass on higher commodity and operating expenses, causing some companies to report bumper sales growth, but as inflation decelerates and consumers reject higher prices,...
March 16, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Ripple Labs, Inc.
Ripple Labs joins stablecoin rush amid crypto market revival
...The San Francisco company is battling a claim from the US markets regulator, which has for years pursued the company over its associated currency, XRP....
April 4, 2024
FirstFT
FirstFT: US investors consider their TikTok options
...“It should be owned by a US business. There’s no way the Chinese would ever let a US company run something like this in China,” he added....
March 15, 2024
FirstFT
FirstFT: US and Japan plan upgrade to security alliance
...“We have to save this company from itself.” Claire Bushey has more on the negotiations....
March 25, 2024
News updates from March 19: Bank of Japan ends negative rate era; Microsoft hires DeepMind co-founder
WuXi AppTec shares drop as company vows to fight US bill
...US lawmakers are seeking to restrict companies with federal funding from contracting with biotech groups deemed to be a threat to national security....
March 19, 2024
Cyber warfare
Russian hackers target German opposition with fake dinner party
...The attempted hack was uncovered by the US cyber security company Mandiant, owned by Google....
March 22, 2024
Boeing Co
Boeing CEO Dave Calhoun to step down as company battles safety concerns
...The accident, which involved Boeing’s 737 Max 9, is being investigated by the US Department of Justice, the National Transportation Safety Board and the US Federal Aviation Administration....
March 25, 2024
Intel Corp
Intel to receive $8.5bn in US funding for high-end chip manufacturing
...US President Joe Biden will travel to Intel’s site in Chandler, Arizona, on Wednesday to announce the package, which will go towards building new facilities for the company in the south-western state, as...
March 20, 2024
US trade
Joe Biden declares opposition to Nippon Steel’s takeover of US Steel
...Joe Biden has declared his opposition to Nippon Steel’s proposed $14.9bn purchase of US Steel, saying it was “vital” for the American steel company to remain “domestically owned and operated”....
March 15, 2024
Johnson & Johnson Co Inc
Johnson & Johnson buys device maker Shockwave for $13.1bn
...The US healthcare company said on Friday that it would pay $335 a share in cash to acquire Shockwave, which specialises in manufacturing a catheter-based treatment for patients with calcified arteries....
April 5, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Nuclear energy
Bill Gates’ TerraPower plans to build first US next-generation nuclear plant
...The company has secured pledges from the US government to provide up to $2bn to complete work at TerraPower’s first plant in Kemmerer, Wyoming....
March 19, 2024
Michael Lynch
Mike Lynch goes on trial in US over Silicon Valley’s ‘largest fraud’
...They include Christopher Egan, the former head of the company’s US business, who struck a deferred prosecution agreement with prosecutors and agreed to testify after also being charged....
March 17, 2024
Energy sector
US utilities defend gas stoves to head off electrification threat
...The lowly kitchen stove accounts for less than 1 per cent of US natural gas consumption....
July 6, 2023
DS Smith PLC
International Paper’s takeover move raises possibility of bidding war for DS Smith
...International Paper has made a takeover proposal for UK paper and packaging group DS Smith, opening up the possibility of a bidding war for the company, which had already reached a deal with competitor Mondi.US-based...
March 26, 2024
British American Tobacco PLC
BAT chief: moving to US not a ‘no-brainer’ as he defends London listing
...Among those that have moved their primary listings to the US are building materials group CRH, packaging company Smurfit Kappa and gambling group Flutter....
March 17, 2024
Climate change
SEC votes to require company climate disclosures with scaled-back rule
...The US securities regulator has enacted a rule that for the first time will require company disclosures on climate risks, even as the measure lacks some bolder mandates included in an initial proposal two...
March 6, 2024
Oil & Gas industry
US landowners sue to force oil company clean-up of abandoned wells
...Land owners are suing a Denver-based oil and gas company, alleging it systematically avoided cleaning up old operations, in a case that spotlights the prospect of US taxpayers shouldering billions of dollars...
February 23, 2024
News in-depthShein
Shein battles counterfeiting lawsuits as online retailer pursues US IPO
...Shein was valued at more than $60bn in its most recent private fundraising, which, if maintained in an IPO, would make it the most valuable company to go public in the US since Uber in 2019....
February 2, 2024
Intel Corp
Intel to manufacture chips for Microsoft as AI drives demand
...US chip company Intel will make high-end semiconductors for Microsoft, the companies announced, as it seeks to compete with TSMC and Samsung to supply the next generation of silicon used in artificial intelligence...
February 21, 2024
FT News Briefing podcast10 min listen
US Steel gets a new owner
...Activist investor Cevian Capital has taken a €1.2bn stake in UBS, and Nippon Steel has agreed to buy US Steel in a $14.9bn deal....
December 19, 2023

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