This article is an on-site version of our #techFT newsletter. Sign up here to get the newsletter sent straight to your inbox In the rarefied world of supercomputing, China has struck a blow against US sanctions and boosted its own hopes of self-sufficiency in the geopolitically crucial business of chipmaking. As Richard Waters reports, China…
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Brussels has given the green light for the EU to burn more coal over the next decade as it tries to end the use of Russian gas and oil. Coal is the most carbon-intensive fuel but the European Commission said the EU would use 5 per cent more than previously expected over the next five…
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The writer is a climate justice activist from Uganda and author of ‘A Bigger Picture’ As corporate leaders and government officials fly into Davos for the World Economic Forum next week, climate will be one of the issues near the top of the agenda. Its recent survey of global leaders ranked failure in this area as…
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Since Russia invaded Ukraine on February 24, the world’s eyes have been fixed on firefights and missile strikes, many around the capital Kyiv. But Alexander Bornyakov has been watching a little-noticed fight around the country’s data servers. Bornyakov, 40, who before the war was a hoodie-sporting serial entrepreneur, is now the country’s deputy minister for…
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Chinese tech group Tencent reported its slowest revenue growth on record after being hit by China’s crackdown on technology companies and tough Covid-19 restrictions. The company’s revenue was largely flat in the three months to March, while its net profit plummeted 51 per cent to Rmb23bn ($3.4bn) compared with a year ago, missing analyst estimates.…
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Siemens Energy is considering buying all the shares it does not already own in Spanish-listed wind group Siemens Gamesa, in an attempt to gain full control over the beleaguered renewables company. The German group, which already owns 67 per cent of the turbine maker, said on Wednesday it was considering an offer for “all outstanding…
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This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Hello from London, where we’re welcoming many of you to the Moral Money Summit…
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Here is our pick of the 3 most important Stablecoin news stories during the week. The Humpty Dumpty of stablecoins! This last week was all about the Algo stablecoin Terra, which lost its peg to the USD, its credibility and a lot of people a lot of money. Firstly the “bank run” analogy isn’t appropriate for…
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Moderna’s chair has launched an unflinching defence of the board’s executive hiring process after it was forced to fire its new chief financial officer last week following just one day in the job. Noubar Afeyan dismissed suggestions the board could have done anything differently, insisting it had asked all the right questions but was not…
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The Twitter board did the smart thing. Now it must do the right thing. On Tuesday, the US social network filed an initial proxy statement that will guide shareholders when voting whether to approve Elon Musk’s $44bn buyout. Directors say they quickly realised the initial offer at $54.20 per share would be a good deal…
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