Category: Media Library

Two weeks before a high-profile immigration raid on its facilities in Georgia, Hyundai Motor’s chair was in Washington with a host of South Korean business magnates and US executives to trumpet their countries’ “manufacturing renaissance partnership”. “Just as US support helped Korea rise from the ruins of war to become a manufacturing powerhouse, it is now our turn to contribute to America’s industrial revival,” South Korea’s leftwing President Lee Jae Myung told a reception held to celebrate Korean companies’ pledge of $150bn in new investment in the US. Now the…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How do you go from free school meals to riots in the streets? To launch what should be the ultimate in popular public policy, good nutrition for children, and yet have a mob looting your finance minister’s home less than a year later is quite a trick. President Prabowo Subianto has managed it nonetheless. It reflects the idiosyncratic way in which he has led Indonesia’s economy and an urgent need…

Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. Elliott Management has become a top three shareholder of Kansai Electric Power, Japan’s second-largest utility and a major nuclear power operator, in a sign that activist investors in the country feel emboldened to take positions in sectors considered sensitive. The New York-based activist fund now owns between 4 and 5 per cent of the company, according to people familiar with the stake. That would make Elliott a top…

Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. Elliott Management has become a top-three shareholder of Kansai Electric Power, Japan’s second-largest utility and a major nuclear power operator, in a sign that activist investors in the country feel emboldened to take positions in sectors considered sensitive. The New York-based activist fund now owns between 4 and 5 per cent of the company, according to people familiar with the stake. That would make Elliott a top-three shareholder,…

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has asked the EU to impose tariffs of up to 100 per cent on India and China as part of a joint effort to increase pressure on Russia to end its war in Ukraine, according to three officials familiar with the matter. The president made the extraordinary demand after dialling into a meeting between senior US and EU officials gathered in Washington to discuss ways to…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thailand’s former prime minister Thaksin Shinawatra has been ordered to serve a year in jail, in the latest blow to the powerful family that has dominated the country’s politics for the past 25 years. The Supreme Court ruled on Tuesday that a six-month spell in detention in a police hospital did not count towards a previous sentence, meaning the 76-year-old telecoms magnate will have to return to prison. Thaksin was…