TSMC profits jump 54% on back of AI chip boom

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, has further raised its growth outlook on the back of an artificial intelligence boom and a broad-based recovery in other sectors, defying market jitters over the current…

UK small-cap stocks face ‘existential threat’, report warns

Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Asset manager Abrdn has called for stamp duty tax on shares in smaller British companies to be scrapped following a warning that the sector faces an “existential threat” as it continues to shrink rapidly. The fund…

Nestlé ‘not broken’ says new chief as he announces restructuring

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nestlé’s new boss said the world’s largest food company was “not broken”, as he lowered its outlook to a more “realistic” sales target and announced sweeping organisational changes to boost performance. In his first big…

Greece sceptical about EU outsourcing asylum seekers

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Greek Prime Minister Kyriakos Mitsotakis has cautioned against proposals to outsource EU asylum policy to countries outside the bloc at the outset of a leaders’ summit in Brussels where migration is set to dominate the…

Dangerous toys made outside EU sold online within the bloc

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Many unbranded toys made outside Europe but sold within the EU by online retailers including Temu and Amazon are dangerous for children, an industry survey shows. Toy Industries of Europe (TIE) said on Thursday that…

Couche-Tard chief urges Seven & i to discuss $47bn deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alimentation Couche-Tard’s planned $47bn buyout of Seven & i is a better deal and less risky than its target’s break-up plan, the Canadian retailer said as it urged the Japanese group to start talks. Couche-Tard…

Weight-loss drugs show promise in tackling opioid and alcohol abuse

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ozempic and similar products cut opioid and alcohol abuse by up to half, according to research that adds to evidence of the hugely popular blockbuster drugs’ broad potential beyond tackling obesity and diabetes. An analysis…

China to boost credit support for ‘whitelist’ properties to $560bn

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China plans to almost double credit support for “whitelist” housing projects to Rmb4tn ($562bn) as part of official efforts to reinvigorate its property sector and turn around the economy. The whitelist was introduced in January…

China’s show of force in massive military exercises alarms Taiwan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s show of force around Taiwan in a day of massive military exercises has fuelled alarm in Taipei, which wants other democracies to push back harder against Beijing. The fact that the People’s Liberation Army had…