Oil industry targets profits from petrochemicals despite uncertain fossil fuel demand

This article is an onsite version of our Moral Money newsletter. Premium subscribers can sign up here to receive it three times a week. Standard subscribers can upgrade to Premium here, or view all FT newsletters. Visit our Moral Money hub for the latest ESG news, opinion and analysis from the FT Welcome back. For … Read more

European Earth Return Orbiter reaches design maturity

Earth Return Orbiter around Mars

Science and discovery 05/07/2024 1081 views 12 I like this ESA’s Earth Return Orbiter, the first spacecraft to image an object orbiting another planet, has reached a major milestone by returning the first Martian samples to Earth. Today, the critical design review for the spacecraft platform was completed with the cooperation of European industry and … Read more

Nigeria’s food delivery industry is whetting the appetite of investors

Nigeria’s food delivery startups are attracting the attention of international investors who are optimistic about growing demand in Africa’s most populous country for home-delivered restaurant meals, even as rising food inflation bites. Local market leaders Chowdeck, FoodCourt and Heyfood, each backed by start-up incubator Y Combinator, and Spain’s Glovo, are vying for market share, serving … Read more

Cycling industry told to survive until 2025, while cycle market report says surplus problems “may be resolved” next year

Bike industry told to “survive until 2025” as cycling market report says overstock issues “might be resolved” next year

A new report from trade body Confederation of the European Bicycle Industry (CONEBI) shows that the excess inventory problems that have plagued the cycling industry in recent years could be resolved by 2025. The report, published by CONEBI – an umbrella organization representing national cycling industry associations across Europe – in time for the Eurobike … Read more

House prices are 8% overvalued, says Zoopla – Property Industry Eye

UK house prices are overvalued, suggesting they will fall in some parts of the country. But the big question is: how far do prices have to fall? And where are prices most overvalued? New data from Zoopla this morning shows that UK house prices are currently 8% ‘overvalued’ but will be ‘fairly valued’ by the … Read more

Labour’s North Sea oil and gas policy under fire from industry and activists

The UK’s largest trade union and financial backer of Labor staged a protest on Thursday and published an open letter calling for a reconsideration of the ban on oil and gas extraction. The letter was signed by almost 200 local businesses from Scottish towns that rely on the oil and gas industry. By means of … Read more

Could new permits save the oil and gas industry in the North Sea? – BBC news

Image caption, Surfers in Aberdeen protest on the beach calling for an end to new oil and gas permits Item information Author, Kevin Keane Role, BBC Scotland environmental correspondent June 26, 2024 Updated 7 hours ago “Do you support new oil and gas permits, yes or no?” That is the binary question at the heart … Read more

Cornwall’s holiday industry is being hit as tourism hits a ‘lowest point in a decade’

Cornwall Live readers have discussed a statement from an industry expert that tourism in the South West is experiencing its lowest level in a decade, with Cornish businesses giving their views on what needs to be done to turn things around. Often celebrated as a prime place to stay and holiday, Cornwall has seen a … Read more

Ex-Sony boss Shawn Layden explains how to make games faster and cheaper

Former president and CEO of Sony Interactive Entertainment, Shawn Layden, began predicting the current, apocalyptic state of the video game industry in 2020. In a piece of conventional wisdom that industry watchers will often cite, Layden himself says it wasn’t a remarkable achievement gathered by observational trend lines over decades. He even made some suggestions … Read more

Cannes Lions seems to be laughing as the advertising industry feels the threat of AI

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. This year’s Cannes Lions festival aims to restore humor to advertising, but at the heart of a new category celebrating witty work lies a broader unease about the creative future of an industry rapidly adopting … Read more