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Just five years ago, Andreas Wolf was struggling to convince investors of his plans to turn the Bavarian automotive supplier Vitesco Technologies into a specialist in parts and systems for electric vehicles. “Nobody believed in it,” the Vitesco CEO said, underscoring just how late the incumbent automotive industry was to realise that combustion engine cars
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Attacks on shipping in the Red Sea threaten to create a ‘‘chaotic” period for Europe’s manufacturers and retailers as supply chains are disrupted, logistics experts have warned. Nearly all container ships have been rerouted away from the Suez Canal towards the longer route around the Cape of Good Hope since Yemen’s Iranian-backed Houthi militants last
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US public pension plans that manage hundreds of billions of dollars of assets are increasingly turning to risky leverage strategies as burgeoning private market holdings create cash flow strains. At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the
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Stay informed with free updates Simply sign up to the Social affairs myFT Digest — delivered directly to your inbox. Melania Trump appears to be sitting out Donald Trump’s bid for presidential re-election this year. In fact, since leaving the White House the former first lady has largely retreated from public view. It feels, writes
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There is always a point in working out a whodunnit where a half-forgotten fact resurfaces to complicate the evolving theory. There is a similar pattern developing in the current investor narrative of the US economy
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The first sign that Iran felt the need to flex its muscles more directly after months of tension and hostility across the Middle East came when its naval forces last week dropped from a helicopter to seize an oil tanker off the coast of Oman. Days later, it was the turn of the elite Revolutionary
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A banker told me this week that when he meets corporate borrowers and investment clients to discuss what lies ahead in 2024, they always ask him the same question: What are the three big risks?
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