Hyundai pours $16.7bn into EV development at home as it braces for Trump tariffs
World’s third-largest carmaker is grappling with tougher competition abroad and sluggish demand in South Korea ...
Nvidia’s AI PC gambit and China’s flying car flex
Nvidia’s high-profile CEO, Jensen Huang, made a splash on Monday night when he unveiled in his keynote speech a series of new products, including a $3,000 personal AI computer that will be powered by ...
General Atlantic-backed biotech start-up secures $410mn in initial funding round
The Series A funding round by the start-up, co-founded by executives of Aiolos Bio, the biotech that was sold to GSK last ...
The future of QT
Unhedged has not written about QT in a while for a simple reason: it’s been working. After QT contributed to 2019’s repo crisis, many feared that the newest QT cycle, started in 2022, may lead to ...
Would Trump really go to war with Europe for Greenland?
“We need Greenland for national security purposes,” Trump said, referring to the threat from Russian and Chinese ships. Our Nordic correspondent has written this excellent explainer on the island’s ...
Transcript: South Korea’s real-life political drama
This is an audio transcript of the Rachman Review podcast episode: ‘South Korea’s real-life political drama’ Gideon Rachman Hello and welcome to the Rachman Review. I’m Gi ...
Germany’s second-biggest fintech shuns IPO
Germany’s second most valuable fintech, Trade Republic, has vowed to stay private after doubling its customers and tripling client assets to €100bn in the 12 months to September.
Australian casino group Star faces cash crunch as shares tumble 28%
Star Entertainment Group, which operates casinos in Sydney, Brisbane and the Gold Coast, lost a quarter of its value on Thursday after it published a trading update for the fourth quarter that showed ...
The forces driving Turkey’s resurgence as a superpower
Peter Frankopan on a book that argues that Sunni Islam has reversed the declining influence of religion on Turkish society ...
Trump has limited powers to fight an economic cold war
When Donald Trump enters the Oval Office on January 20, he will take control of an apparatus of global economic governance to ...
How the small print of the Kyoto Protocol became a gripping piece of theatre
One lengthy section of Kyoto, the Royal Shakespeare Company’s new play about the groundbreaking 1997 UN climate conference in Kyoto, depicts delegates wrangling over the precise placement of a comma — ...
Trump will struggle to drive down oil prices
It is now a belief among many in energy markets that president-elect Donald Trump will succeed in driving oil prices down, possibly even further than during Joe Biden’s term.