PRESS DIGEST- Financial Times

Associated Press
China to impose controls on exports of some aviation and aerospace equipment
China’s Commerce Ministry said Thursday it will restrict exports of some aviation and aerospace-related equipment and technology beginning July 1. A notice seen Thursday on the ministry’s website said the move was to safeguard national security and interests and fulfill international obligations such as non-proliferation. The announcement was jointly released with China's General Administration of Customs and the Central Military Commission's equipment development department.
Yahoo Finance
Warren Buffett's son Howard Buffett on his life as the potential next chairman of Berkshire Hathaway
Howard Buffett talks about life at Berkshire Hathaway and why he is donating hundreds of millions of dollars to Ukraine.
AFP News
EU seeks roadblocks for Chinese EVs without sparking trade war
The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a trade war.The EU wants many more Europeans driving electric cars as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Bloomberg
Singapore designates ST Logistics, Shell among critical entities
Singapore designated nine companies, including ST Logistics and Shell’s local unit, as critical to the economy, a classification that will heighten government oversight on any takeover moves involving these firms.
AFP News
India's onion farmers cry foul at politicians' price recipe
Almost every Indian meal requires an onion -- one of the cooking essentials along with sugar and lentils that sweet-talking politicians use to curry favour with their voters by lowering costs.But the slump in wholesale prices meant that was not passed on to the consumer -- or voter, from the politicians' viewpoint.
TechCrunch
Iyris makes fresh produce easier to grow in difficult climates, raises $16M
For most farmers who rely on traditional methods and lack access to high-tech greenhouses, the need for adaptable, ready-to-use solutions is paramount. This is where agtech companies like Iyris, based in Riyadh, Abu Dhabi and Delaware, come in. The startup, which provides a lifeline to farmers and helps them navigate the challenges of climate change with its agricultural solutions, is announcing a $16 million Series A funding round.
Reuters
Analysis-Aircraft shortages turn into cash bonanza for some airlines
Aircraft shortages are turning into a moneymaker for some airlines as the dearth of supply allows carriers to sell new planes to leasing companies at much higher prices than they paid. Carriers such as Denver-based Frontier Airlines and Hungary's Wizz Air have reported gains up to hundreds of millions of dollars through selling planes after taking delivery and renting them back for their own use. The tight airliner market has made these deals far more attractive, with U.S. airlines this year accounting for 24% of global sale-and-leaseback transactions, up from 10% in 2022, according to Cirium Ascend Consultancy.
Reuters
How China's EV makers aim to beat Tesla, legacy automakers in Europe
Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition. Now they'll have to defend their home turf in Europe from an onslaught of formidable Chinese electric vehicles. Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market, according to Reuters interviews with 18 China auto executives, consultants and industry experts familiar with the Chinese automakers' European strategy.
Fortune
Google promises $2 billion investment in Malaysia as Big Tech splurges on Southeast Asia spending
Google's pledge follows multi-billion dollar investment pledges from Microsoft and Amazon targeting Southeast Asia.
Fortune
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation: ‘The bigger the company is, the more money they make’
What’s causing the industry’s merger surge? “The Permian Basin, the Permian Basin, and the Permian Basin,” says one CEO.
Insider Monkey
The Largest Heavy Equipment Manufacturer in the World
We recently prepared a comprehensive report of the 11 Largest Heavy Equipment Manufacturers in the World. In this free report, we have discussed each company in detail. Click here to see the free report. For context, Heavy-duty equipment is a specific category of machinery used for heavy-duty work, such as construction, forestry, mining, and industrial […]
Zacks
EU-China on the Brink of a High-Stake Tariff Clash for EVs
As the EU ponders over imposing tariffs on China's EVs, the stakes are quite high. China needs the EU market amid domestic challenges, while Europe's auto sector relies on Chinese sales and partnerships.
Reuters Videos
FAA says Boeing can't boost 737 MAX production yet
STORY: Boeing has failed to get the immediate go-ahead from the Federal Aviation Administration to increase 737 MAX production.The FAA said on Thursday (May 30), after a three-hour meeting with the planemaker's top executives, that it would work with Boeing over the coming months to understand its quality and safety improvement.Boeing was barred in February from boosting 737 MAX production after a door panel blew out during a January flight on a newly made plane.Boeing late on Thursday released an 11-page summary of its improvement plan, outlining six critical, safety-focused production areas it will address. They include data on employee proficiency, the number of hours needed to address issues, and supplier shortages, which Boeing said will enable them to identify and prevent safety hazards. The FAA said earlier that Boeing had committed to release more plan details "in the interest of transparency and public confidence."Production of the 737 MAX, Boeing's top selling plane, is vital to the company's finances. Last week its top finance executive said it will burn, rather than generate, cash in 2024 due in part to delayed deliveries.
Simply Wall St.
A Soriano Leads Three Key Dividend Stocks For Investors
As global markets exhibit mixed signals with the Dow Jones experiencing a significant drop and the Nasdaq hitting new highs, investors are navigating through a landscape marked by divergent performances across major indices. In such a fluctuating environment, dividend stocks like A. Soriano can offer a measure of stability and predictable returns, making them an appealing option for those looking to balance their portfolios amidst ongoing economic uncertainties.
Reuters
Ukraine to formally halt sugar exports to EU as 2024 quota filled
Ukraine's government will formally ban exports of sugar to the European Union for the remainder of this year as its EU quota has been filled, the acting farm minister said on Thursday. Taras Vysotskiy said sugar volumes exported to Europe had reached a limit established under new "trade benefits" regulations. Ukraine is Europe’s second-largest sugar supplier.
Reuters
Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
DUBAI (Reuters) -Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin Salman's plan to diversify the economy. In the main part of the deal, Saudi Arabia could raise $12 billion by offering about 1.545 billion Aramco shares, equivalent to about 0.64% of the company, if it prices the sale at the top end of a 26.7 ($7.12) to 29 riyals range, according to Aramco's filing on Riyadh's Saudi Exchange. The deal's value could rise to $13.1 billion at the top end under a so-called greenshoe option which would allow the sale of nearly 1.7 billion shares, or a 0.7% stake.
AFP News
Google to invest $2 bn in Malaysia: government
Google will invest $2 billion in Malaysia to house the firm's first data centre in the country, the government said Thursday, making it the latest tech titan to pump cash into the region in search of growth opportunities."When operational, Malaysia will join the 11 countries where Google has built and currently operates data centres to serve users around the world," the statement said.
Simply Wall St.
Onamba Leads Three Key Dividend Stocks In Japan
As global markets exhibit mixed signals with the Nikkei 225 and TOPIX indices slightly down amid robust manufacturing data, Japan's economic landscape presents a complex yet intriguing opportunity for dividend investors. In this context, understanding the resilience and potential of key dividend-paying stocks like Onamba becomes crucial in navigating through fluctuating market conditions.
The Smart Investor
5 Sectors Best Positioned For the Upcoming Years
As we welcome the second half of 2024, it may be time for investors to reconsider their portfolio strategies. The first half of 2024 has provided valuable insights into the [...] The post 5 Sectors Best Positioned For the Upcoming Years appeared first on The Smart Investor.
InStyle
Emily Ratajkowski Subtly Freed the Nipple in a See-Through Lace Sundress
Her unexpected footwear is a lesson in sporty dopamine dressing.

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PRESS DIGEST- Financial Times - May 9

Latest stories

China to impose controls on exports of some aviation and aerospace equipment

Warren Buffett's son Howard Buffett on his life as the potential next chairman of Berkshire Hathaway

EU seeks roadblocks for Chinese EVs without sparking trade war

Singapore designates ST Logistics, Shell among critical entities

India's onion farmers cry foul at politicians' price recipe

Iyris makes fresh produce easier to grow in difficult climates, raises $16M

Analysis-Aircraft shortages turn into cash bonanza for some airlines

How China's EV makers aim to beat Tesla, legacy automakers in Europe

Google promises $2 billion investment in Malaysia as Big Tech splurges on Southeast Asia spending

As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation: ‘The bigger the company is, the more money they make’

The Largest Heavy Equipment Manufacturer in the World

EU-China on the Brink of a High-Stake Tariff Clash for EVs

FAA says Boeing can't boost 737 MAX production yet

A Soriano Leads Three Key Dividend Stocks For Investors

Ukraine to formally halt sugar exports to EU as 2024 quota filled

Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

Google to invest $2 bn in Malaysia: government

Onamba Leads Three Key Dividend Stocks In Japan

5 Sectors Best Positioned For the Upcoming Years

Emily Ratajkowski Subtly Freed the Nipple in a See-Through Lace Sundress