Biden hits US oil drillers with first royalty increase in a century
Move comes as White House tries to mobilise progressive voters ahead of November election
Huawei goes ‘007’ and TSMC gets a grant
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
Why dumbing down your house could be a smart move
By Eloise Hendy Ever since the launch of Amazon’s virtual assistant Alexa in 2014, smoothly subservient smart home devices have become an accepted part of domestic life. Preheat your oven on your journey home, let your fridge order food, program a robot to vacuum the living room — why not? And with a fully-integrated smart…
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Interactive FT ranking: Europe’s Leading Start-up Hubs
1 UnternehmerTUM Germany 86.762 27 1 75 2002 2 Hexa Belgium 83.567 12 12 66 2011 3 SETsquared United Kingdom 82.694 88 51 52 2002 4 Founders Factory United Kingdom 82.394 28 46 22 2015 5 Growth Studio United Kingdom 82.265 6 14 1 2016 6 LSE Generate United Kingdom 81.847 23 36 29 2011…
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Big tech continues to rock
Meta will reward shareholders with its first-ever dividend and an additional $50bn in share buybacks, US President Joe Biden has approved financial sanctions on Israelis in the West Bank, and Tesla chief executive Elon Musk is hitting back after a Delaware court struck down his $56bn pay package. Plus, the EU has agreed a deal…
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New Holcim boss faces long road to decarbonisation
More than two decades ago, Miljan Gutovic, pursuing an engineering PhD at Sydney’s University of Technology, set out to explore how waste clay materials could be used to lessen cement’s climate impact. The challenge that the Sarajevo-born Australian will face from May as the chief executive of Swiss cement giant Holcim will be much the…
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Amazon predicts cloud growth will gain steam as earnings bounce back
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon’s bumper holiday season and forecasts for accelerating cloud growth boosted its shares as earnings rebounded from last year. Sales at Amazon’s closely watched cloud computing division AWS, a critical profit driver for the business,…
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Advances in UK cancer survival fall sharply
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Improvements in cancer survival have fallen sharply in recent years and progress is now slower than it has been for almost half a century, according to new data from Cancer Research UK. The charity on…
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German liberals pull plug on EU law to prevent supply chain abuses
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The future of sweeping EU legislation to punish companies for environmental and human rights abuses in their supply chains has been cast into doubt after German government ministers pledged to oppose it. Germany’s Free Democrats…
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Tesla is five times bigger than all the public companies in Texas
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has done another thing, which obliges us to do another thing. Here, per MainFT, is the latest thing: Elon Musk has said Tesla will “immediately” hold an investor vote on whether to move…
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