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UK rethinks AI legislation as alarm grows over potential risks

...The UK has been reluctant to push for legal interventions in the development and rollout of AI models for fear tough regulation might stymie industry growth....

April 15, 2024

African economy

Africa-focused fund draws early investors to tech industry

...VC firms have raised more than $655mn for Africa’s tech industry since November....

April 22, 2024

FT Live

Transforming the Finance Function with AI

Strategies for delivering advanced analytics, automation and decision-making

Markets InsightChris Dixon

Crypto regulation must not prioritise memes over matter

...I call the distinction between these more speculative and productive use cases in the crypto industry the “computer vs the casino”....

April 18, 2024

McKinsey

McKinsey faces US criminal investigation over opioid industry work

Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic

April 24, 2024

News updates from April 5: US jobs growth outstrips forecasts in March; Thames Water parent company defaults on debt

UK construction industry returns to growth

...The UK construction industry returned to growth in March after contracting for six months, according to a closely watched survey....

April 5, 2024

Turkish economy

Turkish airlines and airports reap rewards from bet on pandemic recovery

...Turkey’s buoyant tourism industry has also provided a boost....

April 21, 2024

FT Live

TNW Conference 2024 - The Next Web

Europe’s leading tech event for corporates, startups, investors and governments

Climate change

Exxon leads industry fight against UN plans to limit plastic

...“The [oil and gas] sector are looking at plastic as being the next opportunity for the industry . . ....

April 22, 2024

News in-depthShipping

Shipping industry turns to high-tech wings for faster decarbonisation

...The huge wing sitting in a corner of the Scottish port of Hunterston does not look like part of a ship — but the 20m-long device could be one of the shipping industry’s weapons to fight carbon emissions....

April 21, 2024

LexContainer shipping

No one will win in container shipping’s game of chicken Premium

...Ebitda margins fell in the fourth quarter of 2023, and the industry posted negative net income....

April 16, 2024

ASML Holding NV

ASML forecasts semiconductor rebound after first quarter disappoints

...ASML has been hurt by the semiconductor industry’s slowdown as well as sanctions curbing its ability to sell in China....

April 17, 2024

German economy

Germany raises forecasts on boost to outlook for industry and consumers

...“Any real upturn would be delayed if the construction industry [and] the machine-building industry don’t make the necessary investments in the transformation or in new capital goods.”...

April 24, 2024

LexNathalie Thomas

The Lex Newsletter: Should you stay or should you go? Premium

...Europe has been trying to rebuild its solar panel manufacturing industry but China has what now seems to be a completely unassailable lead....

April 10, 2024

Climate legislation

EU votes to leave energy treaty as green rules pushed through

...The EU in 2019 set the task of Europe becoming the world’s first climate-neutral continent, prompting complaints from political opponents and industry groups that the bloc was suffocating under legislative...

April 24, 2024

Brexit

UK veterinary deal with EU could boost agrifood exports by 22%, study finds

...Since Britain left the EU, the UK food and drink industry has faced the full panoply of border checks on its exports to the bloc....

April 24, 2024

Toby Nangle

Have UK asset managers lost their way?

...This may destroy some individual firms, but it needn’t leave the industry smaller any time soon. Third, the Brexit drag is starting to fade....

April 24, 2024

FT Live

Financial Times @COP

FT Live events coinciding with COP

News in-depthSemiconductors

Taiwan’s chip industry heads overseas amid supply chain shift

...Geopolitical tensions, combined with a growing focus on supply chain resilience, have triggered a significant shift in the tech industry....

April 10, 2024

Exchange traded funds

JPMorgan AM surges to dominance in Europe active ETF market

Market share of 44% in fast-growing part of industry far exceeds Pimco’s 15% and Fidelity’s 11%

April 23, 2024

HTSIThe HTSI Paris special

Can a cream make your skin happy?

The beauty industry wants to get inside your head

March 19, 2024

LexPost Office scandal

Funding behind the Post Office’s defeat has been better for justice than investors Premium

...This is a young industry with insecure foundations. Its viability was threatened by a Supreme Court ruling last summer, though the government has pledged to reverse it. There are calls for regulation....

March 13, 2024

Letter

Letter: Industry ignores the stark realities of climate change

...Fatih Birol, executive director of the International Energy Agency (“Amid the climate gloom, let’s look at the good news”, Opinion, March 21), is concentrating on clean technologies because the fossil fuel industry...

March 27, 2024

UK trade

Britain’s Brexit wine duty regime is ‘unworkable’, industry warns

...The government has resisted intense lobbying by the WSTA and industry players, including Majestic Wine and The Wine Society, to retain the easement to avoid piling bureaucracy on to the industry....

March 30, 2024

Special ReportFuture of AI

AI is accelerating the energy transition, say industry leaders

The technology is transforming all areas of the sector, with new roles generated and more traditional, lower-skilled jobs at possible risk

March 26, 2024

Climate change

Europe needs €800bn to meet 2030 climate targets, says industry

...Europe will need to invest €800bn by 2030 in its energy infrastructure alone to meet climate goals and keep its industry competitive, a new report has found....

April 9, 2024

UK defence nuclear

UK to launch ‘national endeavour’ to reinforce nuclear deterrent

...Britain’s nuclear industry will need an additional 123,000 people by 2030, according to the government....

March 24, 2024

Newsletter

Cryptofinance: Critical intelligence on the digital asset industry

...But despite the bad headlines, some of the biggest names in the financial services industry are still deeply interested in trading crypto and are building or backing their own digital markets ventures to...

March 8, 2024

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