Category: ft-com

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What China’s hypersonic test launch reveals about the global arms race

What China’s hypersonic test launch reveals about the global arms race

What China’s hypersonic test launch reveals about the global arms race Revelations by the Financial Times that China tested two hypersonic weapons in recent months have sparked alarm among US defence officials because it suggests Beijing is making faster progress than expected on a new class of missile defence system-busting arms. One test in particular,...

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Putin says Russia could deliver 10% more gas if Nord Stream 2 approved

Putin says Russia could deliver 10% more gas if Nord Stream 2 approved

Putin says Russia could deliver 10% more gas if Nord Stream 2 approved Russia can increase gas supplies to Europe as soon as Germany approves the new Nord Stream 2 pipeline, President Vladimir Putin said, underlining Moscow’s conditions for help to resolve the continent’s energy crisis. Putin said Gazprom, the Kremlin’s gas monopoly, could increase...

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US drops tariff threat after digital tax deal with European nations

US drops tariff threat after digital tax deal with European nations

US drops tariff threat after digital tax deal with European nations The US has agreed to drop the threat of trade tariffs against five European countries over their digital service taxes on big tech groups such as Amazon and Facebook, in a move designed to make it easier for countries to implement a groundbreaking deal...

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Fed bans officials from trading shares in wake of scandal

Fed bans officials from trading shares in wake of scandal

Fed bans officials from trading shares in wake of scandal The Federal Reserve has adopted new rules banning its policymakers and senior staff from buying individual shares and a string of other investments, as the US central bank tries to stamp out a growing furore over trading by top officials. In a statement on Thursday,...

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Yardstick of future US inflation climbs to highest in a decade

Yardstick of future US inflation climbs to highest in a decade

Yardstick of future US inflation climbs to highest in a decade Market measures of future levels of inflation have climbed to a decade high this month, as investors digested company reports on how tangled supply chains, pent-up demand and rising energy prices were affecting their businesses. The 10-year “break-even” inflation rate, derived from US inflation-protected...

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WeWork’s Wall Street debut values Neumann’s stake at $1bn

WeWork’s Wall Street debut values Neumann’s stake at $1bn

WeWork’s Wall Street debut values Neumann’s stake at $1bn Shares in WeWork jumped on Thursday as the company made its long-awaited public market debut at the New York Stock Exchange, while across town company co-founder Adam Neumann partied with early employees and celebrated a $1bn windfall from the listing. The shared office space group’s stock...

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Merkel urges EU and Poland to ease tension over rule of law dispute

Merkel urges EU and Poland to ease tension over rule of law dispute

Merkel urges EU and Poland to ease tension over rule of law dispute Angela Merkel has urged the EU not to get bogged down in rule of law disputes at the European court as she and other leaders sought to ease tensions with Poland over judicial independence. The German chancellor said member states needed to...

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More than 100,000 people have had their eyes scanned for free cryptocurrency

More than 100,000 people have had their eyes scanned for free cryptocurrency

More than 100,000 people have had their eyes scanned for free cryptocurrency More than 100,000 people have had their eyes scanned in return for a cryptocurrency called Worldcoin, as a project to distribute digital money more widely around the world accelerates. Worldcoin has distributed about 30 iris-scanning hardware devices, which they call “orbs”, to early...

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FTX lures blue-chip investors in funding round, valuing crypto group at $25bn

FTX lures blue-chip investors in funding round, valuing crypto group at $25bn

FTX lures blue-chip investors in funding round, valuing crypto group at $25bn FTX has agreed a $421m funding round with backing from groups including BlackRock, Sequoia and the Ontario Teachers’ Pension Plan, marking the latest sign that blue-chip investors are warming to digital assets. The deal values the Bahamas-based cryptocurrency exchange at $25bn, the company...

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Joe Biden’s real opponents are special interests

Joe Biden’s real opponents are special interests

Joe Biden’s real opponents are special interests The legislative process is often compared to watching a sausage being made. A better metaphor for US president Joe Biden’s Build Back Better agenda would be placebo-making. Adjectives such as “historic”, “massive” and “sweeping” are still applied to his plans, even as they are being whittled into simulacra...