Author: Arabian Media staff
On the afternoon of Sunday March 16, the chequered flag waved British racing driver Lando Norris and his McLaren across the finish line in the first race of a new Formula 1 season. For the sport’s 750mn fans, it was a winning moment witnessed hundreds of times. Only this time it was different: Norris hadn’t won the Australian Grand Prix; he had won the Louis Vuitton Australian Grand Prix.This year, for the first time, the naming rights for every race in the F1 calendar have been sold by F1’s owner, Liberty Media. In Australia, those went to the Parisian fashion…
Stay informed with free updatesSimply sign up to the Work & Careers myFT Digest — delivered directly to your inbox.Messages from the archive of Rutherford Hall, critical communications strategistWhatsApp to Stephen: I’m doing a small favour for Alice at BigCo. She’s worried about potential exposure from some lefty-anarchist band the music division has signed. Slime and Carbuncle, I think they are called. Some kind of punk/rap/grime/glam rock collective. Apparently they keep embarrassing her with stuff the shareholders don’t like. WhatsApp to Stephen: You know, defund the police, bomb Israel, cut back welfare payments to the disabled. The usual left agenda.From: Rutherford@monkwellstrategy.comTo:…
Prestige deals usher in sport’s luxury era; women’s watches pack a technological punch; diamond inclusions enjoy a creative revival; Carmen Borgonovo leads a charmed life; Birmingham buffs its credentials as global jewellery hub Source link
Stay informed with free updatesSimply sign up to the Renewable energy myFT Digest — delivered directly to your inbox.Pakistani officials are desperate to slow a world-leading solar revolution, as a surge in cut-price Chinese panels and batteries bleeds the country’s finances and threatens the viability of its debt-ridden grid.The power ministry has proposed to reform the country’s “net metering” policy by reducing the amount paid to buy excess solar electricity from households from Rs27 to Rs10 ($0.035) per unit. In June, the government also proposed an 18 per cent tax on imported panels, later revised and passed at 10 per…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Japan is laying the groundwork to proceed with next-generation nuclear energy plants once its fleet of idled reactors have been restarted, as soaring gas prices and power-hungry data centres have prompted an rethink on atomic power in the earthquake-prone nation. Asia’s second-largest economy signalled late last year that it would allow construction of new atomic reactors at existing sites, marking a significant policy shift in the country’s aversion to the controversial electricity source following the Fukushima nuclear disaster in 2011. Japan is reactivating…
Xi Jinping’s economic and industrial planners in Beijing are hammering out the final details of China’s new climate change targets. Given that China is responsible for about one-third of global greenhouse gas emissions, these targets, mandated by the 2015 Paris Agreement, hold the potential to shape the future of the world’s fight against global warming.The Chinese leader said in April that the country would announce its 2035 Nationally Determined Contribution (NDC), covering all economic sectors and all greenhouse gases, before this autumn’s UN Climate Change Conference in Belém, Brazil.“However the world may change, China will not slow down its climate actions,…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.John Warlters, chief executive of the charity Rural Aid, helped to unload 150 tonnes of hay in the remote Kangaroo Island off the coast of South Australia in June.It is the first time his charity has delivered fodder to the island — known as one of Australia’s leading food producing regions, specialising in honey, oysters, eggs and meat — but its farmers have struggled with a damaging drought that has hit the southern half of Australia for the past two years.“It’s exceptionally…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.South-east Asia is rapidly growing as a critical link in global supply chains as manufacturers rush to shift production from China amid an escalating trade war. It is also fast emerging as a focal point for new data centres as demand for AI surges.Yet, as the economies attract billions of dollars in investments from the energy-consuming industries that are also increasingly demanding greener power, investment into renewables is sorely lacking. South-east Asia accounts for only 2 per cent of global clean energy spending…
As demand increases for AI solutions, the competition around the huge infrastructure required to run AI models is becoming ever more fierce. This affects the entire AI chain, from computing and storage capacity in data centres, through processing power in chips, to consideration of the energy needed to run and cool equipment.When implementing an AI strategy, companies have to look at all these aspects to find the best fit for their needs. This is harder than it sounds. A business’s decision on how to deploy AI is very different to choosing a static technology stack to be rolled out across…
For a millennium the Hindu Sun Temple of Modhera has inspired devotees who pay tribute to the solar deity Surya. Now, the sun is giving back in the form of electricity by lighting up both the temple and the adjacent village.The brainchild of Indian Prime Minister Narendra Modi — and his vision of “one sun, one grid” to power the world’s most populous nation — the village of Modhera in his home state of Gujarat, western India, has become the country’s first to run entirely on solar energy 24/7.Home to more than 6,000 people, Modhera has an integrated system of…