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When Washington introduced expansive controls in October restricting chip and equipment exports to China, it was accused by Beijing of “bullying” its tech sector and “violating the spirit of co-operation”. Such responses, amounting to little more than verbal bluster in response to a slow strangling of semiconductor supplies, reflected Chinese industry’s reliance on foreign chip
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The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Let’s start with the good news. The flashing red light resulting from a speed-of-light run on the US banking system, or what economists broadly refer to as financial contagion, is behind us. Yet it is too early for policymakers to
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Making companies publicly disclose the amount of tax they pay on a country-by-country basis could curb international tax avoidance and cut the risks of damaging disputes with local authorities, according to campaigners who are pressing the issue on US boardrooms. A coalition of investors and activists is seeking shareholder support for increased tax transparency at
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The writer is an FT contributing editor, the chair of the Centre for Liberal Strategies, Sofia, and fellow at IWM Vienna It is “la lutte finale” in many democracies around the world today. The memorable line about the “final struggle” from the old socialist hymn “The Internationale” is a fitting refrain for much contemporary democratic
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The writer is chair of Rockefeller International The irony of the Silicon Valley Bank saga is now complete. The crisis started inside the American tech sector’s favourite bank, but the government rescue has benefited Big Tech the most. As calm returns to the market, fuelled by megacap tech stocks, investors are naturally relieved. They need
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Shares in Hong Kong’s four biggest family-owned developers have dropped more than a third in the past four years, with nearly $50bn wiped off their market capitalisation as Covid-19 restrictions and interest rate rises took a toll on the property market. Four families dominate the Hong Kong property market: the Lis of CK Asset, the
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China’s financial sector is reeling from a series of new corruption probes and a surge in surprise audits of venture funds, as President Xi Jinping sharpens his focus on an industry he sees as failing to serve the broader economy. With Beijing’s graft-busting Central Commission for Discipline Inspection warning against “hedonism” and “high-end lifestyles”, banks
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The world’s leading economies are showing surprising resilience despite facing a perilous moment, according to research for the Financial Times that suggests the global economy may avoid a sharp slowdown this year. China, the US, the eurozone, India and the UK are all growing faster than had been expected late last year, the latest edition
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The writer is president and vice-chancellor of the London School of Economics It is almost impossible to earn a decent income in today’s economy without either university education, further education at college or technical and vocational training. As automation and artificial intelligence make routine and repetitive jobs redundant, this trend towards needing a certificate of
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Health secretary Steve Barclay on Sunday accused the UK’s biggest medical union of maintaining a “militant stance” on junior doctors’ pay, ahead of a 96-hour walkout by medics in England over salaries and working conditions. Junior doctors affiliated with the British Medical Association will on Tuesday morning begin four days of industrial action, as they
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Spreadsheet jockeys work hard to maintain Excel bragging rights. Gone are the days when knowing the VLOOKUP search function won you respect. But worse may be to come. Artificial intelligence could eliminate the need for spreadsheet skills altogether. This will send a cold chill down the spines of financial data ninjas. They habitually moan about
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