Shares of Chinese electric vehicle makers rallied on Tuesday, after Beijing asked central government agencies to deploy more battery-powered cars in their fleets. Hong Kong-listed shares in EV companies Nio jumped 9 per cent, while Xpeng and Leapmotor both gained 3 per cent. The benchmark Hang Seng index was little changed. In principle, EVs should…
The Wallenberg family of industrialists has begun its transition to a sixth generation as the power behind companies worth $700bn such as Ericsson, ABB, AstraZeneca and Saab breaks with tradition and considers 30 relatives for its succession planning. Cousins Jacob and Marcus Wallenberg, both 68, who together with fellow 65-year-old cousin Peter represent the fifth…
South Africa’s grand coalition government, which has surprised sceptics by holding together, is battling to contain a foreign policy stand-off between the two largest parties. In the past week, clashes over the three most contentious foreign policy issues — Russia, China and Israel — have exposed deep ideological rifts between the African National Congress and…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has launched air strikes against Iran, including targets in Tehran, the latest salvo in an escalating conflict between the regional foes that has stoked fears of an all-out war in the Middle East. The…
If you live outside a swing state, you might — if you really try — almost forget there is a tumultuous US election under way. If you live inside one, not so much. Lawn signs. Billboards. Text messages. So many text messages. In the seven battleground states that will decide the US election, political ads…
China’s electric vehicle and self-driving start-ups are heading to markets to raise cash at the risk of lower valuations, with funding drying up amid intense competition in the sector. In Hong Kong’s biggest share sale this year for a primary listing, Horizon Robotics raised HK$5.4bn ($696mn) in an initial public offering this week. The chipmaker…
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Donald Trump has filed a legal complaint against the UK’s Labour party, alleging “illegal foreign campaign contributions and interference” to help Kamala Harris in the US presidential election. The complaint filed by…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tokyo Metro, the underground railway network that carries more than 6.5mn passengers a day through the Japanese capital at levels of punctuality and cleanliness envied around the world, will list its shares on the Tokyo…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Moldova’s President Maia Sandu decried an “unprecedented assault” on the democratic process by “foreign forces” on Sunday as a referendum on EU membership remained too close to call even with just a few thousand ballots…
Fears of violence have left some US election boards struggling to hire poll workers with less than three weeks to go before Americans vote in November’s presidential election. Election administrators in battleground states Nevada, Arizona and Wisconsin are still recruiting temporary staff to set up polling equipment, sign in voters and report results, according to…