Author: Arabian Media staff
This series features conversations between FT journalists and the technology industry’s leaders, innovators, and thinkers. In the latest instalment, Luther Lowe of Y Combinator discusses representation for Little Tech Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldElon Musk has strongly criticised Donald Trump’s showpiece tax bill, claiming it “undermines” the work done by his government cost-cutting team, in comments that are likely to widen the rift between the billionaire and the president he bankrolled last year.In a preview of an interview with CBS Sunday Morning released late on Tuesday, the Tesla chief executive, who until recently led the Department of Government Efficiency, or Doge, said he was “disappointed to see the massive spending bill, which increases…
Y Combinator has been Silicon Valley’s pre-eminent start-up incubator for 20 years. But the organisation that helped launch Airbnb and Reddit only hired its first full-time lobbyist in 2023.These days, Big Tech companies are constantly fighting lawsuits and regulators over complaints of anti-competitive behaviour. But when Luther Lowe started calling foul over Google’s treatment of rivals in its search results in the early 2010s, Silicon Valley’s giants seemed invincible.An activist at college who grew up in a family with long-standing ties to Washington DC, Lowe joined local reviews site Yelp in 2008 and led the San Francisco company’s legal campaign…
Beijing’s aggressive investments in domestic production have strained trade relations with western partners. But can the world learn from it? Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.SpaceX suffered another setback on Tuesday when its Starship rocket reached space, but failed to deploy its payload and part of the vehicle was lost on re-entry into the Earth’s atmosphere.While the mammoth 400ft rocket was successfully propelled into sub-orbit from its Starbase in Texas, it was unable to deploy eight mock Starlink satellites. The loss of control of its upper stage over the Indian Ocean leaves SpaceX needing to undergo significant work to achieve its goal of manned flights to the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India has offered “deep” cuts to its import tariffs on a swath of goods in talks with the US, but is seeking to retain its high levies on sensitive agricultural commodities such as foodgrains and dairy products, according to two people with knowledge of the negotiations. The government of Prime Minister Narendra Modi is racing to secure a preliminary trade agreement with the US to forestall President Donald Trump’s threatened imposition of a 26 per cent “reciprocal tariff” on all Indian goods…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has said it would cost Canada $61bn to be part of his ambitious “Golden Dome” missile defence shield, but that it would be free if Ottawa gave up its sovereignty to become the 51st US state.“I told Canada, which very much wants to be part of our fabulous Golden Dome System, that it will cost $61 Billion Dollars if they remain a separate, but unequal, Nation, but will cost ZERO DOLLARS if they become our cherished 51st State,”…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Car prices are on the rise around the world. Yet despite this inflationary wave, one carmaker is moving in the opposite direction. BYD has cut prices on 22 of its electric and hybrid models, bringing the price of its popular Seagull electric vehicle below that of a high-end road bike.At first glance, it may seem like a desperate attempt to boost sales in a slowing market. But that reading misses the bigger picture.The Seagull, already a global outlier for its low price,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fraud is a “blight” on the nation that requires a “systemic” solution, warn UK industry figures, as new data reveals that scammers are still swindling millions of pounds out of UK consumers.Criminals stole £1.17bn through fraud in 2024, in line with the previous year, said UK Finance, the financial services trade body, in its annual report published on Wednesday.But as losses in authorised push payment (APP) fraud fell to £450mn in 2024 from £460mn in 2023 due to rising awareness and investment…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The government is exploring plans to relax the rules for smaller building companies bidding to develop new sites across England, as it seeks to boost supply of houses amid a growing affordability crisis.Labour’s housing secretary Angela Rayner released a set of proposals on Tuesday that would make it easier for small and medium-sized housebuilding businesses to get permission for construction from local authorities. The proposed reforms would exempt smaller housebuilders from some environmental controls as well as the safety levy introduced in the…