Thyssenkrupp in €1bn writedown of steel business as demand slumps
The upheaval at Thyssenkrupp, which has since appointed new steel leadership, has unsettled German authorities. Berlin and local authorities have together pledged €2bn to support the company’s ...
G20 failure to explicitly back fossil fuel transition upsets COP29 talks
The G20 failure to make a direct mention of the need to transition away from fossil fuels in its leaders’ statement in Rio has escalated fears among key negotiators at the UN COP29 summit in Baku that ...
Transcript: The geopolitics of chips: A manufacturing miracle
James Kynge talks to Marc Assinck and Jos Benschop of ASML, Sanjay Natarajan of Intel and the ‘Chip War’ author Chris Miller ...
US markets in 2049
The US’s fiscal trajectory is unsustainable, and that is something investors in US Treasuries absolutely need to worry about. The Congressional Budget Office projects the national debt will increase ...
Live news: Nestlé cuts profit margin target
Nestlé has cut its medium term profit margin outlook and announced the separation of its European bottled water business, as its new chief executive Laurent Freixe sets out his plan to turn around the ...
EU and Mercosur miss a trick at Rio summit devoid of trade talks
Donald Trump’s election as US president and his threats to impose sweeping tariffs on imports has given the EU fresh impetus to seal new trade deals. But at the G20 summit in Rio de Janeiro — ...
FirstFT: Chinese tech groups grow AI teams in Silicon Valley
Alibaba, for example, is recruiting an AI team in Sunnyvale in California’s San Francisco Bay Area. It has approached engineers, product managers and AI researchers who have worked at OpenAI and the ...
BrewDog shuts Mumbai bars in blow to India expansion plans
Chturvedi said the Mumbai closures were only a blip in BrewDog’s India plans. He added that the local franchise was operationally profitable and would focus on the country’s north where it had two ...
EU to demand technology transfers from Chinese companies
The increased scrutiny of Chinese technology imports has already incentivised companies such as China’s CATL, the world’s ...
Teesside should not risk its clean energy future by fighting
Hopkinson now wants to move on. Despite its fractious neighbour, Teesport has a fine location. The port has been custodian of ...
Proposed EU move to T+1 could eradicate ‘suboptimal’ ETF dynamics
Monday’s recommendation from the European Securities and Markets Authority, that the EU move to T+1 on October 11 2027 means ...
Austria’s Erste sticks to point of mixing diversity and business
It helps, though, that about a quarter of Erste’s shares are held by a linked network of co-operative institutions in Austria ...