There’s no barrier that we can’t bust through. And the reality is, there are some constraints that are just constraints.” While she still believes in overcoming obstacles, she’s learned that “sometimes you just have to acknowledge them, and then work around them. And that’s okay. That’s still progress.” Today, Casalan is back at work and … Read more
Georgia’s ruling Georgian Dream party secured over 54% of the vote in a parliamentary election, according to the electoral commission. The outcome is disappointing for pro-Western Georgians, who viewed the election as a choice between a ruling party that has strengthened ties with Russia and an opposition that aimed to accelerate integration with the European … Read more
South Africa’s grand coalition government, which has surprised sceptics by holding together, is facing a foreign policy standoff between the two largest parties. Clashes over three contentious foreign policy issues — Russia, China, and Israel — have highlighted deep ideological differences between the African National Congress and the Democratic Alliance, raising concerns about the coalition’s … Read more
Two servings of pistachio gelato, one serving of corruption. For years, tourists have been enjoying Sicilian gelato at popular parlors in Palermo, unaware that these thriving businesses were under the control of organized crime. The scheme was a classic case for investigators trained to uncover illicit financial activities, but even with the presence of three … Read more
By Karen Freifeld and Fanny Potkin (Reuters) – Taiwan Semiconductor Manufacturing Company has halted shipments to China-based chip designer Sophgo after a chip it produced was discovered on a Huawei AI processor, according to two sources familiar with the situation. Sophgo had ordered chips from TSMC that matched the one found on Huawei’s Ascend 910B, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of this year’s top-performing stocks may just be sitting at the back of your shoe closet. Love them or hate them, Crocs — the maker of colourful, albeit aesthetically polarising foam clogs — has … Read more
Digital currency will not completely replace physical cash in the UK, as the Bank of England intends to continue providing notes and coins as long as there is demand for them. Governor Andrew Bailey made this clear during a panel discussion at the Group of Thirty’s 39th Annual International Banking Seminar in Washington. He emphasized … Read more
China’s industrial profits took a sharp nosedive in September, marking the largest monthly decline of the year, according to official data released on Sunday. The profits plummeted by 27.1% compared to the same period last year, following a 17.8% drop in August. In the first nine months of the year, earnings fell by 3.5%, a … Read more
“Incentives are a way to reduce the cost of production but they are not the only factor,” he said. “Quality of content, local talent, and the overall production ecosystem all play a role in attracting international productions.” With the global entertainment industry continuing to grow, the battle for international productions is expected to intensify. Countries … Read more
The United States has approved $2 billion in arms sales to Taiwan, including the first-time delivery to the self-ruled island of an advanced surface-to-air missile defense system, in a move sure to anger China. Taiwan’s presidential office on Saturday thanked Washington for greenlighting the potential arms sales. Under the island’s new president, Lai Ching-te, Taiwan … Read more