Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. Indian banking billionaire Uday Kotak has called on Prime Minister Narendra Modi’s government to channel more budgetary support to small and medium-sized businesses as the economy grapples with Donald Trump’s punishing tariffs. Kotak, founder of India’s third-largest private sector lender, joins a recent chorus of tycoons, business leaders and industry lobby groups pushing New Delhi to help the country withstand the impact of Trump’s 50 per cent tariffs.…
Month: August 2025
How the Philippines forced China to adjust historic mission to moon’s far side
Chinese space engineers made small but deliberate changes to last year’s historic sample retrieval mission to the far side of the moon to avoid political friction in the South China Sea, according to a new paper. Advertisement The Chang’e-6 spacecraft left the Wenchang spaceport on Hainan Island on board a Long March-5 rocket in May 2024, returning to Earth the following month with the world’s first lunar samples from the moon’s hidden side. According to the paper published last month by China’s Journal of Astronautics, the Long March-5 flew southeast…
The Japanese city betting on immigrants to breathe life into its economy
One job dominates Yusuke Nakano’s time as mayor of Hamamatsu: how to stop one of Japan’s most important industrial centres running short of people. With a population of 770,000, his city 250km west of Tokyo has spawned companies that have defined Japan to the outside world. Honda was created here. Suzuki is headquartered a few kilometres away. Yamaha, Kawai and Roland make this the global home of the piano. But for years, Hamamatsu’s shrinking workforce has gnawed at city authorities and key employers, which fear for their ability to grow.…
The Iranian connection: how China is importing oil from Russia
For individuals Discover all the plans currently available in your country For multiple readers Digital access for organisations. Includes exclusive features and content. Financial Times
China says it will highlight joint combat groups in next month’s military parade
Advertisement Wu Zeke, deputy head of the warfare bureau at the Central Military Commission’s Joint Staff Department, told reporters on Wednesday there would be “combat-oriented joint formations” made up of land combat, maritime combat, air defence and missile defence groups, as well as information warfare, unmanned combat, rear support and strategic strike groups. He said aircraft flying over Tiananmen Square during the parade on September 3 would be in “modular” and “systematic” formations. Wu Zeke, deputy head of the warfare bureau at the Central Military Commission’s Joint Staff Department (centre),…
From space mining to tourism, China’s Guangdong blasts off in pursuit of Musk
South China’s Guangdong province has announced its ambition to join the country’s commercial space sector race, promising financial and policy support for companies wanting to build low-orbit satellite constellation systems and promote their application in futuristic industries including space mining and space tourism. Advertisement Guangdong plans to use government procurement to support key innovative products and application scenarios for satellite constellation systems, which also include telecommunications and logistics, according to a commercial space policy statement released by the provincial government on Tuesday. “Companies will be supported in continuously scaling up…
Trump’s tariff blitz sparks unexpected India-China reset
The world’s two most-populous countries made significant progress on the diplomatic front recently, and those championing such moves may have Washington to thank. Advertisement India has agreed to a long-standing Chinese proposal to ease border tensions while also resuming direct flights and business links, as both sides explore trade cooperation – particularly in strategic sectors like rare earths – in a bid to reset their strained ties. Experts highlight that even as deep mistrust lingers, the Asian powers view mounting US tariff pressure as an opportunity to show Washington that…
Is China poised to lead the world with combat-ready ‘loyal wingman’ FH-97 drone?
The People’s Liberation Army (PLA) is likely to showcase a new type of advanced stealth attack drone during September’s Victory Day parade in Beijing, rehearsal images circulating online suggest. Advertisement The FH-97, a single-engine, ground-attack uncrewed aircraft, has been described as potentially China’s first combat-ready stealth drone, capable of coordinated aerial warfare alongside crewed jets. Photos leaked online over the weekend appeared to show an FH-97 takng part in the rehearsals for the massive military parade on September 3, which will commemorate the 80th anniversary of Japan’s surrender and the…
China’s biotech hub Suzhou wants to become the next Boston. Can it succeed?
Could a city best known for its classical gardens and ancient canals emerge as China’s answer to Boston – the global epicentre of biotechnology innovation? Advertisement Five years ago, the eastern city of Suzhou set forth a bold vision: to transform itself into the “Pharma Valley of China” by 2030, benchmarking its ambitions directly against Greater Boston’s world-leading life sciences ecosystem. The city in Jiangsu province, steeped in history and famous for its ancient water towns and picturesque gardens, hosts the China-Singapore Suzhou Industrial Park – a hub for electronic…
China is not inciting anti-Japan hatred. It is simply remembering
This year, China marks the 80th anniversary of its victory in the War of Resistance against Japanese Aggression – part of the broader victory in the World Anti-Fascist War. Across the country, commemorative exhibitions, television documentaries and a wave of summer blockbuster films have been rolled out to mark the occasion. Advertisement These films, set in the dark days of the 1930s and 1940s, are not just historical dramas; they are cultural reminders. They show the destruction of war, the brutality of the Japanese military aggressors, the resilience of ordinary…