Segro partners with Oaktree-owned Pure on £1bn data centre in London

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s largest listed landlord Segro has announced a joint venture with Oaktree-owned Pure Data Centres to develop a £1bn fully fitted data facility, after describing the potential for returns in this market as “too … Read more

Threat of state-sponsored cyber attacks could make UK terror insurer ‘obsolete’, warns Pool Re chief

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pool Re chief executive Tom Clementi has warned that the UK’s specialist insurer against terrorism could become “obsolete or irrelevant” amid the growing threat of state-sponsored attacks. In an interview with the Financial Times, Clementi … Read more

China is suffering its own ‘China shock’

Back in the heyday of China’s boom a decade ago, Zhou Yousheng’s shoe factory in Guangdong province employed more than 100 workers. In those days, China’s abundant supply of cheap labour and highly concentrated supply chains made it a dominant force in low-end manufacturing. The country’s share of global footwear exports, for example, hit more … Read more

Wishful thinking on climate won’t make it so

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Australian politician Julia Gillard once wondered what it was about “the air in England that makes conservatives care about climate change”. The Conservative party’s commitment to a greener planet made it an outlier among … Read more

Chinese AI start-ups overhaul business models after DeepSeek’s success

Chinese artificial intelligence start-ups are overhauling their business models as they fight to remain competitive following the widespread adoption of rival DeepSeek’s technology across the country. Zhipu, once considered China’s most prominent large language model start-up, has pinned its hopes on an initial public offering to sustain its cash-intensive growth as it focuses on building … Read more

Volkswagen’s $1.4bn tax bill in India

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. Today’s newsletter is about two legal cases that have significant business ramifications. In Bengaluru, X is suing the government over what it has … Read more