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Sprawling, power-thirsty data centers have become as much a staple of suburbia in some places as shopping malls and soccer fields. However, when Microsoft pulled the plug on planned data centers in Ohio last month, it added to questions about whether the nascent data center boom had already gone bust. A Wells Fargo report last Monday saying … Read more
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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. Revolut more than doubled its profits to £1bn last year, as Europe’s most valuable start-up surpassed 50mn customers and benefited from a surge in cryptocurrency trading. In an annual report published on Thursday, Revolut said … Read more
The jungles of Johor, the Malaysian state across the Johor Strait from Singapore, were first cleared in the 1840s by Chinese clans from Singapore seeking more space to grow black pepper. In the next century, under British rule, those pepper farms gave way to vast plantations of rubber and oil palm trees. On many of … Read more
As 2024 came to an end, the German arms contractor Rheinmetall was toasting an order book that had reached a record €55 billion ($63 billion). In five years’ time, that sum will look like pocket change, provided its CEO’s ambitions come anywhere close to being realized. Armin Papperger, Rheinmetall’s CEO, is bullish on the company’s … Read more
With the markets in freefall and few exits to be found, it seems impossible right now to scrounge together $2 billion. Unless, perhaps, you’re Mira Murati. Murati, the former CTO of OpenAI, started her Thinking Machines Lab shortly after leaving OpenAI last fall, and the fundraising process for the company has been followed with horse … Read more
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SHIB whales shift focus as Lightchain AI’s $18.9m presale and bold forecasts spark buzz across the memecoin market in 2025. With growing speculation across the memecoin sector, a shift in sentiment is emerging among … Read more
Artificial Intelligence is transforming industries, automating tasks that once required human labor. The World Economic Forum’s Future of Jobs Report 2025 projects that by 2030, AI will create 170 million new jobs while displacing 92 million, resulting in a net gain of 78 million jobs. At first glance, these numbers seem reassuring. But the real … Read more
Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China was targeted by a record number of trade disputes at the World Trade Organization last year as the country’s booming exports swamped international markets and triggered objections from its trading partners. Beijing was the … Read more
South Korea’s Hanwha Aerospace Co. has emerged as the world’s best-performing defense stock as investors bet the upending of security alliances by U.S. President Donald Trump will spur a buying spree for weapons, particularly in the affordable conventional arms the company’s been making for decades. Its parent Hanwha group, the country’s seventh-largest family-controlled conglomerate, is hoping … Read more
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