Joué
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Criminal gangs in north-western states, jihadists in the north-east, a rebellion in the south-east: kidnappers, warlords and cattle rustlers are making the country ungovernable. The new head of Samsung Electronics has a legacy to build—and aims to do so by breaking into the cut-throat business of processor chips. And the sci-fi classic “Dune” gets a good cinematic treatment at last.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
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A fossil-fuel scramble reveals energy markets in desperate need of a redesign. We examine what must be done to secure a renewable future. Throngs of Hong Kong residents fleeing China’s tightening hand are settling in Britain; our correspondent finds an immigrant group unlike any that came before. And the boom in “femtech” entrepreneurs at last focusing on women’s health.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
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Where governments enacted zero-tolerance coronavirus strategies, numbers indeed stayed low. That was before the Delta variant. We ask how countries can now wind back those policies. A shocking report of sexual abuse within France’s Catholic church further threatens the institution’s connection with society. And countering the notion that the “standard English” taught the world over is the only proper one.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
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Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement.
Fed signals first rate rise will come in 2023
https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3
Big Tech critic Lina Khan to lead US competition regulator
https://www.ft.com/content/bee1b959-b2aa-4ee1-8391-d5b5832ededd
Toshiba board’s chair rebuffs calls to quit over governance scandal
https://www.ft.com/content/e4535a1a-f55b-4713-b6cc-f7dccce64f77
Podcaster turned tech investor raises $140m fund
https://www.ft.com/editor/eac67acc-6b52-4479-90bf-eeae3efe0041?
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Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence.
Reflation trades pummelled as Fed shift resets markets
https://www.ft.com/content/2fa0c907-f597-49b2-a08d-35249d1d5a9f
Digital euro will protect consumer privacy, ECB executive pledges
https://www.ft.com/content/e59e5d61-043a-4293-8692-f8267e5984c2?
Tech Tonic Season 2
https://www.ft.com/tech-tonic
Today's Clubhouse discussion on artificial intelligence
https://www.clubhouse.com/join/FinancialTimes/MLICXXgQ/PAwJ017M
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The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam.
Archegos fallout hits market for blank cheque companies
https://www.ft.com/content/ee15fbca-8ef7-4b6f-bb87-30378805dd29
Hedge fund that beat ExxonMobil says it will have to cut oil output
https://www.ft.com/content/52645b30-c378-49e3-8609-4f537284889a
Investors bet eurozone stock rally will gather steam as economy rebounds
https://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3?
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Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment.
Climate activists hail breakthrough victories over Exxon and Shell
https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da?
Amazon-MGM: Will MGM be Amazon’s ticket to the big leagues?
https://www.ft.com/content/97d2edb8-355c-4af0-9f00-8b0a65d818f1
Tesla set to pay for chips in advance in bid to overcome shortage
https://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a?
Iran bans bitcoin mining as power cuts grip country
https://www.ft.com/content/be0c8a04-9a58-4926-83f3-b99141c4f721?
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Today is the final day of the courtroom battle between Apple and Fortnite developer Epic games, which has accused Apple of abusing its position by forcing developers to distribute apps exclusively through the App Store. ExxonMobil faces a pivotal moment this week as shareholders have their say on what critics call an inadequate response to seismic shifts brought on by climate change. The chief executive of AstraZeneca, Pascal Soriot, insists that his company’s Covid-19 has a future, and for the first time, the European bloc is allowed to arm governments in conflict zones, with money from a new €5bn fund known as the European Peace Facility.
Tim Cook grilled over App Store fees as Epic battle reaches climax
https://www.ft.com/content/86f8fa47-9a38-496a-9a34-e2fa58e9db2b
ExxonMobile climate battle reaches boardroom this week
https://www.ft.com/content/1ce31524-3c21-4978-b6b8-2e6a13f50288?
AstraZeneca chief says ‘vaccine has a future’ after setbacks
https://www.ft.com/content/02c543e0-45a6-4189-94cf-30a5c3d5499d
“We need arms:’ Europe’s risky move to project its influence in conflict zones
https://www.ft.com/content/dd29eb4d-1fc0-4123-ada1-290c4c63d966?
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AT&T is nearing a deal to combine its content unit WarnerMedia with rival Discovery to create a media giant to compete in streaming, the insurance group Axa said one of its Asian business units was the victim of a “targeted ransomware attack”, and the EU plans to throw its weight behind a push to expand vaccine manufacturing in Africa. Plus, the FT’s European technology correspondent, Madhumita Murgia, explains why companies see potential in emotional recognition technology.
AT&T nears deal to create $150bn streaming giant with Discovery
https://www.ft.com/content/5aeba5f9-2e00-4cba-b9c7-e0431aad798b
Axa’s Asian operations hit in ransomware attack
https://www.ft.com/content/4443da60-6d90-4d27-b300-b0896425f99f?
EU to back expansion of vaccine production capacity in Africa
https://www.ft.com/content/d2a47c7e-0b00-4e31-92ab-cd3ff0b9070b
Emotion recognition: can AI detect human feelings from a face?
https://www.ft.com/content/c0b03d1d-f72f-48a8-b342-b4a926109452?
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US President Joe Biden yesterday expressed support for a Israel-Gaza ceasefire in a call with Israel’s Prime Minister Netanyahu, and today EU foreign ministers will meet to discuss the conflict, and a biotech company developing medicines that mimic the painkilling effects of cannabis is set to list in London this week. Plus, the FT’s South China correspondent, Primrose Riordan, explains why activists are calling BlackRock “inconsistent” in its ESG commitments.
Biden backs ceasefire in Israel-Palestinian conflict
https://www.ft.com/content/d388d8b4-94ce-49d1-b8ab-df171286fdad
Europeans hamstrung by rifts on Gaza conflict
https://www.ft.com/content/6c42bcb1-7013-4b74-8526-35ef7fae6f5d?
Start-up focused on painkilling effects of cannabis to list in London
https://www.ft.com/content/2952b9c9-f14a-4300-b1ac-d6c6bf5f8c8f?
BlackRock accused of ESG inconsistency over Indonesia palm oil
https://www.ft.com/content/479b9dd2-c738-4310-8b1e-afdfbd3921b0
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JPMorgan Chase has shuffled several top executives, and has elevated two women who could be successors to chief executive Jaime Dimon, and the eurozone economy looks like it is recovering from the coronavirus pandemic. Plus, the FT’s Greater China correspondent, Kathrin Hille, explains why the world’s largest contract electronics maker, Foxconn, plans to be more integral to the auto industry.
JPMorgan elevates potential successors to Jamie Dimon
https://www.ft.com/content/9e31d7a7-4911-493b-919d-31e04d756438
Eurozone shows signs of bouncing back from double-dip recession
https://www.ft.com/content/c5de006b-6bdf-493d-a9bc-2f6a1871ba66?
Foxconn the carmaker? Disruption in the era of electric vehicles
https://www.ft.com/content/b229250d-5d9e-4bb1-bb91-e57888233a98
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This episode contains strong language.
What started out as a kind of inside joke in the world of cryptocurrency has quickly become, for some, a very serious path to wealth. Today we explore the latest frenzy around a digital currency, what it tells us about the flaws in the old economy — and the risks and rewards of the new one.
Guest: Kevin Roose, a technology columnist for The New York Times, spoke with Glauber Contessoto about his investment in Dogecoin.
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Background reading:
Dogecoin has experienced a scarcely believable surge in the past few weeks. And the currency’s value has been closely tied to the Twitter presence, and even the “Saturday Night Live” appearance, of Elon Musk.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
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Airbnb’s first-quarter revenues showed a strong recovery in travel in the US as pandemic restrictions eased, and Netflix tries to adjust as it moves from streaming industry disruptor to defensive incumbent. Plus, Elon Musk rocked the cryptocurrency market when he announced Tesla will no longer accept bitcoin as payment. The FT’s markets editor, Katie Martin, explains why the electric carmarker’s CEO made the reversal.
Airbnb says customers paying higher prices as travel demand rises
https://www.ft.com/content/f7512415-46b2-4378-8356-2d1e2a8a760e?
Netflix outpaced by the old media companies it sought to dethrone
https://www.ft.com/content/48c06611-1c17-4941-96cc-b085dfe05cdf
Elon Musk wakes up to bitcoin’s fossil fuel issues
https://www.ft.com/content/b917ec4f-8b57-45dc-82ba-960d82ad7974
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In the past few days, the deadliest violence in years has erupted between Israel and the Palestinians. Hundreds of missiles are streaking back and forth between Gaza and cities across Israel, and there have been shocking scenes of mob violence on the streets.
Why is this happening and how much worse could it get?
Guest: Isabel Kershner, a correspondent for The New York Times based in Jerusalem.
Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter.
Background reading:
Rioting and mob violence between Arabs and Jews has torn through towns and cities across Israel, while rockets from Gaza and Israeli airstrikes have continued to kill civilians.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
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Russell Peters is a standup comedian, actor, and the host of the "Culturally Cancelled" podcast. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Dave Chappelle is a comedian, actor, writer, and producer. He is the recipient of multiple honors, among them the Mark Twain Prize for American Humor, and several Grammy Awards. He's the co-host, along with Talib Kweli and Yasiin Bey, of "The Midnight Miracle" podcast, scheduled to release in May. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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US stocks suffered their worst losses in months and government bonds also fell after government data showed the US inflation rate jumped to a 13-year high, and the Colonial pipeline has resumed operations following last week’s ransomware attack. Plus, the FT’s Taylor Nicole Rogers discusses a labour shortage in the US that is making it hard for employers to find enough workers as the economy opens up.
Wall Street ends lower as inflation debate intensifies
https://www.ft.com/content/fd3abbb8-955a-46b3-bc45-9a4fb7b95265
Colonial pipeline resumes operations following ransomware attack
https://www.ft.com/content/b6ac99ea-d7c6-49dd-b7d7-1284ce2e85c0?
US employers struggle to find willing workers after pandemic year
ft.com/content/52ecab21-c90d-4ee7-be7f-612da5355c77
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Companies are dusting off share buyback plans after a blockbuster earnings season, and shareholders are rebelling against executive pay proposals. Plus, the FT’s New Delhi reporter, Jyotsna Singh, explains how India’s second surge is devastating the country’s middle class.
Companies prepare share buyback bonanza as outlook clears
https://www.ft.com/content/d7adb226-e9a6-4cd8-9049-35d55c211ca4
US investors revolt against executive pay in record numbers
https://www.ft.com/content/50e73d21-3de5-4196-b124-7281ec7af828
Covid batters India’s aspiring middle classes
https://www.ft.com/content/28e9c827-1131-4412-bafa-5e88eb211fc4?
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