Ireland champions rapid EU electrification to power data centre surge
Also in this newsletter: Revolt against deficit spending to temper energy prices
Renault joins VW and Stellantis in push for ‘Made in Europe’ plan
Car industry is split over how Brussels can protect manufacturing against Chinese EV onslaught
Is Tether the Coppernose of our time?
USDT vs USDC
FirstFT: SpaceX raises $75bn in world’s biggest IPO
Also in today’s newsletter: Europe’s defence stocks retreat and quantum computing
What to expect from the new Fed chair’s inaugural rate meeting
The idea Kevin Warsh would come in and cut interest rates is firmly off the table
The Iranian missile cities the US couldn’t destroy
Weeks of bombardment appear to have only temporarily suppressed Tehran’s firepower hidden underground
Simon Kuper’s World Cup: football’s unlikely linguists
As football globalised, many players became polyglots
Swiss voters weigh world’s first population cap
Initiative would require the government to act once the number of people reached 9.5mn
Trading firm DRW suffered sharp loss on power market as prices gyrated
Group took $176mn hit and parted ways with its head electricity and gas trader as winter volatility battered positions
Robert Jenrick aide had meeting with US businessman accused of illicit donation
Emails raise further questions over Tory-turned-Reform UK politician’s knowledge of 2024 campaign contribution
How Elon Musk always wins
The SpaceX IPO has proven the billionaire’s adeptness at bending Wall Street to his will
Musk should go more boldly with fantastical SpaceX projections
Financial history offers examples of now-giant companies that formerly lowballed their own prospects
Norway challenges EU to call US gas ‘safer’ than Arctic reserves
PM Jonas Gahr Støre tells FT that Europe should seek energy security as he presses bloc to scrap drilling ban in High North
Channel Tunnel owner threatens legal action over UK’s tripling of business rates
Eurotunnel says it faces an ‘unreasonable’ rise in its rateable value from £40mn a year to £118mn by the Valuation Office
Over 1mn UK current accounts holding £50,000-plus earn zero interest, research finds
With an average balance of £112,000, these non-interest-bearing accounts leave savers vulnerable to inflation
US-backed fund explores buying stake in troubled French miner Eramet
Orion CMC looking at Duval family’s stake in group that boasts France’s government as shareholder
The quantum computing revolution is closer than you think
Companies are betting on big implications for pharmaceuticals, financial services and crypto. But sceptics worry about hype
US insurance rulemaker probes credit risks tied to data centres
Association’s efforts come as capital from the sector plays a growing role in AI infrastructure build-outs
The great bond and equity conundrum
Financial logic has been stood on its head as yields buck decades-long trends
Chinese investors rush to open Hong Kong accounts amid Beijing crackdown
Some mainlanders fear losing access to investment products that offer higher returns
KPMG report contained AI hallucinations on benefits of . . . AI
Bogus case studies on UBS and transit systems exaggerated adoption of the technology
European defence stock rally goes into reverse on funding concerns
Higher government borrowing costs and changes in warfare have hit one of the biggest equity trades of recent years
Pussy Riot are audacious activists. Their debut album deserves a hearing, too
Outside Russia, few know what the protest band sound like — ‘Cyka’ should change that
Art Basel 2026
As the fair returns, galleries adapt to meet an increased appetite for spectacle. An interview with feminist icon Jenny Holzer; Max Beckmann’s granddaughter on growing up with his paintings; and do we need botanical curators?