In Jiaxing, a manufacturing town on the outskirts of Shanghai, 400 steel industry executives and engineers gathered last November to tackle an enormous task: weaning the world’s biggest steel producer off coal-fired blast furnaces. The subject is of burning political urgency. The Chinese government is trying to decarbonise a sector that relies heavily on coal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The hunger for appetite-suppressing drugs remains unsatiated. Weight loss treatments are tipped to rake in $80bn a year by 2030. Danish pioneer Novo Nordisk and rival Eli Lilly have made the running. But others are
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Substack is to email newsletters what Hoover is to vacuum cleaners in the UK and Colgate to toothpaste in Zambia: none of the companies involved created the original product, but they did so much to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ryanair boss Michael O’Leary has called on Boeing to improve quality control, warning his airline’s profits will fall and fares will rise because of manufacturing issues plaguing the US group and its rival Airbus. Both
In last year’s Independence Day speech at the Red Fort in Delhi, Narendra Modi made a bold pledge: India would become a developed economy by 2047, when it celebrates 100 years since its founding. The country had three things in its favour, the prime minister declared: “demography, democracy and diversity”. The vow would have seemed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior figures in the Hizbollah and Hamas militant groups were killed on Monday in separate incidents, the latest in a spate of deaths attributed to Israel that have fuelled fears of a wider conflagration in
Tech stocks surged on Monday, bouncing back after blue-chips slumped last week to end a nine-week bull run. The tech-heavy Nasdaq Composite rose 2 per cent on Monday afternoon, heading towards its best day since mid-November as chipmaker Nvidia led the Magnificent Seven group of tech stocks with a 5.5 per cent gain. The benchmark
In this article MDLZ KHC NES.N-CH ULVR-GB Follow your favorite stocksCREATE FREE ACCOUNT A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Investors have cheered a new class of weight loss drugs for their ability to help people shed unwanted pounds, but the findings
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Airlines has found loose bolts on some plugged doors of its grounded 737 Maxes, threatening to widen Boeing’s problems as it expands public scrutiny beyond the single plane that suffered a mid-air blowout on
Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
Munis were weaker Monday ahead of a $9 billion new-issue slate and the first full week of 2024 while U.S. Treasury yields fell and equities ended up. Munis “continue to be expensive when compared to Treasuries, falling well below the average of 85% for 10-year munis,” said Jason Wong, vice president of municipals at AmeriVet
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The lunar mission that was to have returned the US to the Moon for the first time in 50 years appeared to be in jeopardy after a failure in the propulsion system resulted in a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers. Spirit, which built the door panel that blew out
Stay informed with free updates Simply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox. Not all aeroplane malfunctions can take more than 8 per cent off of two companies’ market capitalisations in a day. Boeing isn’t just any manufacturer, however; it’s been less than five years after
Rishi Sunak on Monday set out what Tory MPs dubbed a “1992 election strategy”, as he warned voters not to risk derailing a nascent economic recovery by putting the Labour party into office. The UK prime minister said the Conservatives, who have presided over years of political upheaval, could provide “peace of mind” for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The most talked-about holiday TV viewing in Britain was not a Hollywood blockbuster or a Netflix fantasy drama. It was a dramatisation of the real-life scandal of hundreds of sub-postmasters wrongly accused by the Post
Fitch Ratings assigned A, BBB-plus and BBB ratings and a stable outlook to three tranches of bonds totaling up to $3 billion the Alameda Corridor Transportation Authority plans to price as part of a tender offer and debt restructuring plan. The authority operates a 20-mile freight rail corridor primarily along Alameda Street that transports goods
A deal on overall fiscal 2024 federal spending hammered out by Congressional leaders would claw back another $6.1 billion of pandemic funds, most of which appear to be from the Department of Health and Human Services. With a partial government shutdown looming, House Speaker Mike Johnson, R-La., and Senate Majority Leader Chuck Schumer, D-N.Y., agreed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On Friday, passengers on Alaska Airlines flight 1282 were subjected to the terrifying ordeal of watching a piece of the 737 Max 9 aircraft they were on tear away, leaving a gaping hole in its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So much for Boeing’s comeback year. Five days into the new year Dave Calhoun, head of the US aerospace group, finds himself returning to crisis management. On Friday, an unused emergency exit door — known
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French President Emmanuel Macron was expected to name a new prime minister after accepting the resignation of Élisabeth Borne, as he seeks to inject new energy into a government weakened by repeated battles in parliament