BUSINES

Drax ‘misled government’ over sourcing of wood for biomass, says ex-lobbyist

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Drax’s former top lobbyist has accused it of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets, in a claim for unfair dismissal filed against the energy company at … Read more

Swedish driverless truck start-up Einride in talks with banks for US IPO

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Swedish driverless truck start-up Einride is talking to banks about a US stock market listing later this year, which could value the company at more than $5bn. The Swedish group, whose main shareholders include private … Read more

China’s Hesai denies short-seller claims on revenues and military ties

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s Hesai has denied short-seller allegations that the world’s biggest maker of laser sensors for electric vehicles has misled investors over financial reporting and alleged ties to the People’s Liberation Army. Shares in the Nasdaq-listed … Read more

Howard Lutnick touts Elon Musk’s Starlink for US broadband scheme

by

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s commerce secretary touted Elon Musk’s Starlink to federal officials in charge of a $42bn rural broadband programme, raising new questions about the billionaire White House adviser’s conflicts of interest. In a … Read more

Why China is suddenly flooding the market with powerful AI models

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Retaliation seemed certain. When the US tightened its grip on advanced artificial intelligence technologies in January — blocking China’s access to advanced AI chips and locking proprietary models behind trade barriers — the response appeared … Read more

Two Democrats on US antitrust panel say they were ‘illegally fired’ by Donald Trump

by

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Two Democratic members of the US Federal Trade Commission said they were “illegally fired” by Donald Trump, in the president’s latest broadside against independent federal agencies.  Rebecca Kelly Slaughter and Alvaro Bedoya — … Read more

Nvidia bets on high demand for more computing power with new AI chip

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia has unveiled the next generation of its artificial intelligence chips, marking a bet that the arrival of “reasoning” AI systems such as DeepSeek will spur even greater demand for computing power. Jensen Huang, Nvidia’s … Read more