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Funding for European tech companies plunges by nearly half

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Funding for European technology companies will plunge by nearly half this year, as US investors increasingly abandon the continent amid a global retreat by venture capital investors.The amount of money raised by tech start-ups in Europe…
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28 November 2023 0

AI chip contenders face daunting ‘moats’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the drama that has just played out in Silicon Valley over the future of OpenAI, one side plot concerned an ambitious chip venture by its chief executive Sam Altman. Before he was ousted and…
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28 November 2023 0

Amazon’s iRobot purchase could restrict competition, EU regulator warns

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon’s planned $1.45bn acquisition of iRobot has drawn a formal objection from the EU’s antitrust regulator, which said the deal could allow the tech giant to use its dominance to punish rivals of the Roomba…
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27 November 2023 0

‘Sacrifice zone’: booming US LNG sector leaves its mark on the Gulf

For decades communities on the US Gulf Coast in Louisiana and Texas have lived in the shadows of gigantic petrochemical factories belching out toxins that earned their regions ignominious monikers, such as “Cancer Alley” and “Death Valley”. Now, amid an unprecedented boom in liquefied natural gas exports to Europe, the fossil fuel industry is targeting…
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27 November 2023 0

UAE planned to use COP28 summit for oil deals, documents show

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The United Arab Emirates planned to use meetings about the COP28 climate summit it is hosting later this week to pitch oil and gas deals to foreign governments, according to leaked briefing documents obtained by…
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27 November 2023 0

Biden expected to skip COP28 climate summit in UAE

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US President Joe Biden is not planning to attend the COP28 climate summit in the United Arab Emirates set to begin this week, US officials said on Sunday. Biden’s likely absence from the conference had…
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27 November 2023 0