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Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. China’s control over a crucial battery material will make it nearly impossible for any electric-vehicle makers to qualify for the subsidy scheme at the heart of President Joe Biden’s flagship green tech legislation, South Korea

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sequoia Capital, Silicon Valley’s best-known venture capital firm, has committed to investing in Elon Musk’s artificial intelligence start-up xAI, boosting the Tesla chief’s efforts to raise billions and take on OpenAI, Meta and Google. Musk

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I’m not about to argue that economists are useless. Nor will I argue that they should all be obviously useful. If some want to do research that might seem like “mathturbation” but that is actually

Shares of Los Angeles-based social media platform Snap jumped more than 30 per cent after its earnings beat analysts’ expectations as increasing demand for its advertising services boosted sales. The company’s revenue of $1.2bn in the first three months of 2024 was 21 per cent above the same period a year earlier.   Net losses narrowed,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Is immigration good for a country, or bad? This question always strikes me as unhelpful. It depends on the country. Even if we couch the question strictly in economic terms, things vary. Immigration adds millions

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta’s revenues jumped by more than a quarter in the first three months of the year, beating expectations, but its forecasts left Wall Street underwhelmed and the shares fell 10 per cent in after-hours trading

When UK ministers invited a fresh round of applications to the £4.8bn Levelling Up Fund for economically struggling areas in 2022, Durham county council was optimistic.  Whitehall officials had praised a previous application from the north-east authority, which includes some of the UK’s poorest former mining communities, as an exemplar of “what a bid should

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft beat expectations for revenue and cloud sales on Thursday in an earnings report that cheered investors who have been looking for signs of a pay-off from its investment in artificial intelligence. Revenue climbed 17

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alphabet’s revenue jumped 15 per cent in the first quarter of 2024 and it announced it would pay its first dividend of 20 cents a share, buoyed by a rise in earnings across its main

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwanese security experts and retired military officials close to the opposition Kuomintang have called for drastic reforms to make the country’s energy sector less vulnerable against a Chinese attack. A war game conducted by the

The US and Japan are planning the biggest upgrade to their security alliance since they signed a mutual defence treaty in 1960 in a move to counter China. President Joe Biden and Prime Minister Fumio Kishida will announce plans to restructure the US military command in Japan to strengthen operational planning and exercises between the

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The Kremlin has admitted that Russia is in a “state of war” amid a push to increase domestic support for President Vladimir Putin’s invasion of Ukraine after previously calling it a “special military operation”.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian security services have detained 11 people in connection with an attack on a Moscow theatre that killed 93 people. The FSB security service said on Saturday it was holding 11 people, including four men

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The US has urged Ukraine to halt attacks on Russia’s energy infrastructure, warning the drone strikes risk driving up global oil prices and provoking retaliation, according to three people familiar with the discussions. The

At least 40 people died and more than 100 were injured after attackers opened fire at a large concert venue in Moscow late on Friday and a blaze took hold of the building. At least four men dressed in camouflage burst into the Crocus City Hall concert venue on the outskirts of Moscow, where a

The Bank of England governor has signalled markets are right to expect more than one interest rate cut this year, saying he is increasingly confident inflation is heading towards target. Andrew Bailey told the Financial Times that rate cuts were “in play” at future meetings of the BoE Monetary Policy Committee amid signs that tighter

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from Joe

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal Reserve officials unleashed their optimism on Wednesday, unveiling projections for faster than expected US economic growth this year while still leaving room to cut interest rates three times. It was a moment of vindication

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Federal Reserve officials indicated on Wednesday that they still expected to cut interest rates by 75 basis points this year, a sign of confidence that inflation is cooling sufficiently to reduce borrowing costs. The