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How Trump’s climate censorship threatens global disaster defences | FT #shorts
Financial Times· 2025-10-23 03:59
Budget Cuts & Funding - NOAA faces a potential 26% yearly funding decline, impacting research on greenhouse gas emissions and extreme weather [2][3] - The funding cut could degrade hurricane forecasting accuracy by 20% to 40% [3] Staffing & Resources - Layoffs and hiring freezes have hollowed out NOAA, with retirees and volunteers filling gaps in hurricane research [4] - Some US weather stations have less than half the meteorologists needed [4][5] - The US provides half of the Argo floats, robotic deep sea instruments collecting ocean data [5] Data & Information - Dozens of government websites have been scrubbed or removed, and environmental datasets have been decommissioned or deleted [6] - Talking about climate change has become taboo within the government [5] International Impact - Scientists are concerned about how America's climate crackdown could impact global forecasting systems [5]
Homegrown robots help drive China’s global export surge | FT #shorts
Financial Times· 2025-10-20 04:00
Automation & Manufacturing Trends - China is rapidly automating its factories with low-cost solutions, boosting production and lowering prices [1] - The "Made in China 2025" plan and other initiatives are supporting advanced manufacturing [1] - China installs approximately 280,000 industrial robots annually, accounting for 50% of global installations [1] Economic Impact - Aggressive automation may explain China's ability to retain low-end manufacturing despite rising wages [2] - Chinese factory workers earn about three times more than their Indian counterparts [2] - China increased its global export share in labor-intensive industries (small manufactured goods, furniture, toys) from 2019 to 2023 [2]
How the Trump companies made $1bn from crypto | FT #shorts
Financial Times· 2025-10-17 04:00
We started the year investigating Donald Trump's controversial new meme coin. Generate the chart. >> Well, I don't know if it benefited. I don't know how where it is. I don't know much about it other than I launched it.I heard it was very successful. I haven't checked it. Where is it today.>> You made a lot of money, sir. >> How much. But the project soon expanded until we were tracking the Trump family's growing crypto empire, which now includes the Melania memecoin, the USD1 stable coin, and the Wolfie go ...
China’s charm offensive in India’s backyard | FT #shorts
Financial Times· 2025-10-13 04:00
China's growing diplomatic push in South Asia has stoked concerns in India and could reshape the region's balance of power. Analysts say President Xi Jinping's diplomatic moves are part of a deeper contest for influence to expand Beijing's reach in India's backyard. From Pakistan to Nepal to Sri Lanka, China's building ties through trade, diplomacy, weapon sales, and the Belt and Road Initiative, tightening its grip across the region.For New Delhi, fears of being encircled by China have never felt more real ...
Can vertical farming overcome its growing pains? | FT Rethink
Financial Times· 2025-10-08 09:15
Industry Overview - Vertical farming has experienced a boom but also faced difficulties [1] - Over $6 billion was invested in vertical farming startups in the past decade [1] - The global market is expected to more than treble from around $8 billion in 2023 to about $25 billion in 2030 [4] Funding and Financial Challenges - Funding dropped significantly from over $2 billion in 2021 to around $280 million last year [2] - Major players like Barry Farming and App Harvest have collapsed [2] - High energy costs for LED lighting and ventilation are a major problem [2] - Higher interest rates have made financing more expensive [2] Challenges and Obstacles - Shortage of skilled labor is a contributing factor to the industry's struggles [3] - Secrecy around technology has hindered learning from mistakes [3] - More arable land is being used for biofuels, and soil degradation is a problem [5] - Crops are under pressure from climate change, and water scarcity is an issue [5] Future Prospects and Opportunities - Environmental, economic, and structural reasons could fuel demand for vertical farms [4][5] - Concerns about food security may drive the need to bring food sources closer to home [6] - Advances in AI could significantly improve the efficiency of vertical farms [6] - Vertical farming's potential is greater in areas like Singapore, which only grows 6% of its own produce [7]
Russian spy ships: an FT investigation | FT #shorts
Financial Times· 2025-10-06 04:00
Right now, Russia is working on ways to gain an advantage against the combined might of Western powers. One of its key strengths is underwater surveillance and sabotage, the work of a secretive deep sea unit known by the acronym GooGi. It's been around since the Cold War.Declassified CIA files show that US intelligence was tracking its home base as early as 1964. GooGi is capable of launching tiny submersibles from submarines and has surveillance ships. It's also intensely secretive.So too are the NATO oper ...
How First Brands Group collapsed | FT
Financial Times· 2025-10-01 04:05
Company Overview & Debt Concerns - First Brands Group, a fast-growing US auto parts maker, faces potential multi-billion dollar losses for its lenders due to a possible restructuring or bankruptcy [1][2] - The company has nearly $6 billion in debt and billions more in off-balance sheet financing linked to invoices [3] - Investors underestimated the scale of First Brand's under-the-radar financing [3] - Lenders struggled to find public information about First Brand's owner, Patrick James, who was previously sued for alleged fraudulent conduct [6] Supply Chain Finance & Due Diligence - First Brands' situation highlights due diligence standards in the booming private credit markets [2] - The company's use of invoice finance raised concerns among debt investors [5] - Supply chain finance, used by First Brands, is often poorly disclosed and has been at the center of scandals like Greenill Capital's collapse [4] Industry Impact - The US auto parts sector is heavily dependent on overseas manufacturers and is already affected by tariff policies [7] - Some of First Brand's customers also heavily use supply chain finance, drawing scrutiny from credit rating agencies [8] - A First Brands fiasco could have broader spillover effects into the real economy [8]
The graduate 'jobpocalypse': Where have all the entry-level jobs gone? | FT Working It
Financial Times· 2025-09-29 05:00
Market Trends & Challenges - Entry-level job openings for graduates are at an all-time low, with job listings plummeting in both the US and UK [3] - Job vacancies for new graduates have dropped approximately 33% in the past year [5] - Graduate unemployment levels are above the overall unemployment rate for the first time on record [3] - Economic uncertainty is causing companies to pause graduate intake, a pause that has lasted for two to two and a half years [8] AI Impact & Future of Work - Companies are waiting to see the impact of AI on entry-level positions, leading to a sharper decline in these roles compared to senior positions [10] - The legal profession is likely to be radically reshaped by AI, particularly in tasks typically done by graduate recruits [13][14] - AI tools are assisting employees in processing documents, improving accuracy, and potentially augmenting job roles [20][23] - There's a need for employees to be flexible and adapt to the changing job landscape due to AI, with some jobs potentially disappearing [27] Talent Pipeline & Training - A two to three year pause in early career hiring could lead to a void of talent in the future [9] - Cutting graduate numbers can be dangerous, impacting the future talent pipeline [15] - There's a need to rethink how to train people, ensuring they still learn even if AI is handling repetitive tasks [18] - The education system needs to equip graduates with the skills and critical thinking needed for future careers [30]
How First Brands Group has caught credit markets off guard | FT #shorts
Financial Times· 2025-09-29 04:00
There's a good chance you haven't heard of First Brands Group. It's a fast growing US maker of spark plugs, windscreen wipers, and the other sorts of little pieces that go into cars. It's not a publicly listed company.In fact, its owner, a man called Patrick James, is so publicity shy, you'll struggle to even find a photo of him online. And First Brands has always stuck to the more private loan market to borrow money. But it's that debt that is now rattling some of the biggest names on Wall Street.It's also ...
Trump throws Argentina's Javier Milei a financial lifeline | FT #shorts
Financial Times· 2025-09-25 15:54
Donald Trump is helping Argentina's libertarian leader Javier Malay navigate the worst crisis of his presidency. Argentine assets slumped in early September after Malay's party fared much worse than expected at a big local election in Buenosaris province. He then lost a series of congressional spending votes.Fearing that Malay might be losing support for his free market reforms, investors pulled money out of Argentina, causing a run on the peso and forcing the central bank to burn through scarce hard curren ...