Month: October 2025

Europe will lose out to China in e-trucks without EU action, warns industry

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Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Europe will fall behind China in the electrification of trucks if Brussels does not take urgent action to support the transition, industry has warned. Carmakers have become increasingly vocal in their calls for the European Commission to reconsider a ban on petrol engines starting in 2035.  But truck manufacturers have struggled with an even slower uptake of electric lorries due to the lack of investment in charging infrastructure and electricity…

US$1.4 billion Tazara rail deal puts China on fast track to Africa’s Copperbelt

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The Chinese state-owned construction giant that built the Mao Zedong-era Tanzania-Zambia railway is returning to the project with a US$1.4 billion commitment to overhaul and run the line as it increasingly becomes geoeconomically important for China. Advertisement In a deal struck on Monday, China Civil Engineering Construction Corporation (CCECC) agreed to an initial US$1.1 billion investment plus a further US$238 million to be reinvested into the severely dilapidated Tazara Railway, as the line is known. The 1,860km (1,156-mile) line connects Zambia’s Copperbelt region to the Tanzanian port of Dar es…

Indonesia’s tycoons line up to buy ‘patriot’ bonds

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Indonesia’s richest tycoons are lining up to buy so-called patriot bonds despite below-market yields, in a show of support for President Prabowo Subianto.   People familiar with the matter said four leading tycoons — who have a combined wealth of $114.5bn, according to estimates by Forbes magazine — had committed to buying the bonds to be issued by sovereign fund Danantara. Danantara, which controls Indonesia’s state-owned businesses and has assets worth more than $900bn, plans to raise about Rp50tn ($3bn) by selling the bonds, primarily to fund waste-to-energy projects, according to…

Indonesia tycoons line up to buy ‘patriot’ bonds

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Indonesia’s richest tycoons are lining up to buy so-called patriot bonds despite below-market yields, in a show of support for President Prabowo Subianto.   People familiar with the matter said four leading tycoons — who have a combined wealth of $114.5bn, according to estimates by Forbes magazine — had committed to buying the bonds to be issued by sovereign fund Danantara. Danantara, which controls Indonesia’s state-owned businesses and has assets worth more than $900bn, plans to raise about Rp50tn ($3bn) by selling the bonds, primarily to fund waste-to-energy projects, according to…

KKR prepares for private credit boom in Japan

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A long-awaited rise in interest rates and a number of corporate governance reforms have made Japan a major global target for private credit funds, according to one of KKR’s top executives in Asia. Diane Raposio, who oversees both KKR’s credit and capital markets businesses in Asia, said it is focused on developing a private credit business in Japan as quickly as possible and tapping the country’s vast pool of insurance assets to make loans in yen to companies. The US private capital group recently hired former Goldman Sachs banker Ken…