This is an audio transcript of the Tech Tonic podcast episode: Chips with everything [CHINESE AUDIO CLIP PLAYING] Chad DuffyI’m based in Taipei, yeah, I’m based in Taipei. The security community here is really, you know, really deeply technical, is a really vibrant security community full of lots of just really talented software developers. James
Battery manufacturers are confronting a severe lithium shortage, highlighting the need to challenge China’s dominance of raw material supply chains, an Australian lithium producer has warned. Stuart Crow, chair of Lake Resources, said western companies and governments had failed to build adequate supply chains for lithium, making the sudden boom in electric vehicle manufacturing unsustainable.
Eon has ruled out extending the life of its nuclear power plant in Germany, even as Europe’s largest economy prepares for the rationing of energy supplies and to wean itself off Russian hydrocarbons. “There is no future for nuclear in Germany, period,” said chief executive Leo Birnbaum. “It is too emotional. There will be no
Canada’s top banks more than doubled their financing of highly polluting tar sands oil to $16.8bn in 2021, despite signing up to the UN’s net zero banking alliance on greenhouse gas emissions. Lenders including Royal Bank of Canada, Toronto-Dominion Bank and the Canadian Imperial Bank of Commerce increased their financing to the top 30 tar
In 1931, John Maynard Keynes published a short essay entitled “Economic Possibilities for Our Grandchildren” in which he considered the feasibility of solving what he called “the economic problem”. According to Keynes, the issue of scarcity ought to have been dealt with by the early 21st century. Decades of capitalist progress would leave society with
Lee Castleton recalls to the last penny the shortfall that flashed on to his post office terminal on New Year’s eve, 2003 — £1,103.68. A week later another loss appeared, this time £4,230. Then another and another. By March, the sub-postmaster was £25,000 short. “I kind of knew from the second loss that this wasn’t
Hobby magazines have always coaxed readers into spending money but Future, the publisher behind titles such as Homes & Gardens and PC Gamer, has turned this into more than a side hustle. The FTSE 250 group last year helped retail partners make just under £1bn in sales. Future’s commission for doing so — £216mn —
Commodity traders prospered during the pandemic using their global network of terminals, storage facilities and shipping fleets to cash in on supply disruptions and rising demand. Vitol generated record net income of more than $4bn last year, according to people who have seen the results of the world’s biggest independent oil trader, with rival Mercuria
Danish green energy company Orsted is building its coal stockpile in anticipation of burning more of the fuel next winter, just as the EU approved a ban on Russian coal imports as part of a fifth round of sanctions. Chief executive Mads Nipper said a global shortage of wood pellets, which fuel Orsted’s biomass power
Israel’s NSO Group has been deemed worthless to its private equity backers, just three years after they bought the maker of the notorious Pegasus spyware at a $1bn valuation. It has become “abundantly clear” that the equity in NSO is “valueless”, the consultancy firm brought in to manage the fund that owns the blacklisted cyber
After almost two years of working at home with my family, it’s good to finally spend quality time with my office relatives. Does that mark me out as a Pollyanna? Anyone who has read a novel, been in therapy, or just been alive knows families can be supportive but also dysfunctional. You can pick your
Lawyers are anticipating a new wave of litigation related to the Covid-19 pandemic over the next two years, a new survey has found. The London Solicitors Litigation Association (LSLA), which represents the capital’s main litigation practices and law firms, found that 78 per cent of lawyers questioned expected a rise in Covid-related claims. The study
The largest US banks are set to report their biggest slowdown in investment banking revenue in years next week, as the dealmaking engine that helped propel Wall Street to record profits last year sputters. Banks started the year braced for a slowdown in dealmaking activity following a blockbuster 2021 supported by markets and widespread stimulus
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Growth, unemployment, inflation, labour market, living standards, real wage Click to read the article below and then answer the questions: Underlying UK wage growth lower than headline figures, think-tank warns What is meant by
The UK housing secretary is set to claim an important victory in his battle to resolve England’s building safety crisis this week, having pressed developers into setting aside more than £2bn to fund critical repairs. Michael Gove’s hardball approach towards builders has paid off, with all publicly listed developers committed to a government pledge to
Hello and welcome to the working week, Easter is almost upon us — although as Week Ahead readers are well aware it will take a little longer for the orthodox church. This will mean a shorter working week for the next fortnight and we will be taking a break next week. Tragically, one thing that
The British meat industry has called on the government to fast track the export of perishable goods after congestion at the port of Dover left lorries carrying fresh produce waiting up to two days to cross the English Channel. The delays had been caused by the cancellation of voyages by P&O Ferries, bad weather, increased
EU member states are at loggerheads over demands for an immediate blockade on Russian oil imports as the soaring cost of living weighs heavily on politicians considering how to punish Moscow over its war in Ukraine. Momentum is growing in the EU for fresh curbs on Russian fossil fuels as evidence mounts of atrocities against
Austrian chancellor Karl Nehammer will on Monday become the first European leader to meet Russian president Vladimir Putin since Moscow’s invasion of Ukraine began six weeks ago. Nehammer’s trip to Moscow is part of efforts to promote a “dialogue” between Russia and Ukraine, according to chancellery officials, who said he would specifically raise the issue
French voters began casting their ballots on Sunday in the first round of a presidential election in which far-right leader Marine Le Pen is mounting a strong challenge to the incumbent Emmanuel Macron. A victory for Le Pen, who is sceptical about the EU and Nato and has in the past boasted of her ties