Category: ft-com

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Japan vows to support US in opposing ‘coercion’ from China

Japan vows to support US in opposing ‘coercion’ from China

Japan vows to support US in opposing ‘coercion’ from China Japanese prime minister Yoshihide Suga said the US and Japan would “oppose” coercion or force in the South and East China Seas, in unusually blunt remarks about China after his summit with Joe Biden. Speaking alongside the US president at the White House on Friday,...

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Hainan ‘on fire’ as luxury’s centre of gravity tilts to China

Hainan ‘on fire’ as luxury’s centre of gravity tilts to China

Hainan ‘on fire’ as luxury’s centre of gravity tilts to China When poets, literati and courtiers fell out of favour with China’s emperors, they were banished to the island of Hainan to fend for themselves among wild jungles and indigenous tribes.  Today, the tropical resort destination known as China’s Hawaii has become a rare bright...

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SpaceX wins $2.9bn Nasa contract to land Americans on the moon

SpaceX wins $2.9bn Nasa contract to land Americans on the moon

SpaceX wins $2.9bn Nasa contract to land Americans on the moon Elon Musk’s SpaceX is set to return American astronauts to the surface of the moon, beating rival tech billionaire Jeff Bezos to one of the most prominent prizes in the commercial space race. Nasa on Friday named SpaceX as the sole contractor to build...

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EY’s Wirecard audits suffered serious shortcomings, German probe finds

EY’s Wirecard audits suffered serious shortcomings, German probe finds

EY’s Wirecard audits suffered serious shortcomings, German probe finds EY’s audits of defunct payments group Wirecard suffered from serious shortcomings over a period of years, a German investigation has found. The Big Four firm is said to have failed to spot fraud risk indicators, did not fully implement professional guidelines and, on key questions, relied...

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Television’s lost art of brevity

Television’s lost art of brevity

Television’s lost art of brevity Everything about Ernest Hemingway demands an up-to-date documentary. He wrote in a terse prose that informs literature to this day, perhaps too much. His restless life encompassed Paris, Cuba, two war zones and — the highest exotica — Key West. His almost masochistic physicality earned him an estimated nine concussions...

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Netscape 2.0: Coinbase stock debut rekindles memories of web breakthrough

Netscape 2.0: Coinbase stock debut rekindles memories of web breakthrough

Netscape 2.0: Coinbase stock debut rekindles memories of web breakthrough For cryptocurrency enthusiasts, this week’s blockbuster US stock market listing for Coinbase is the modern equivalent of the Netscape debut that thrust the internet on to the mainstream of finance a quarter of a century ago. The initial public offering of the web browser —...

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Fed urges Texas to ‘winterise’ grid after $130bn storm damage

Fed urges Texas to ‘winterise’ grid after $130bn storm damage

Fed urges Texas to ‘winterise’ grid after $130bn storm damage February’s Arctic blast inflicted as much as $130bn in economic damages on Texas, making the hundreds of millions of dollars in annual investment needed to protect the state’s power grid from freezing temperatures worth the cost, the Dallas Fed said in a report on Friday....

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Israel’s shadow conflict with Tehran moves into the light

Israel’s shadow conflict with Tehran moves into the light

Israel’s shadow conflict with Tehran moves into the light A mysterious explosion that caused a blackout at Iran’s nuclear enrichment facility last weekend prompted suggestions from the Islamic Republic that its old foe Israel was responsible. Israel is usually tight-lipped after an unexplained attack, whether the November assassination of a leading Iranian nuclear scientist, cyber...