Relations between Tokyo and Beijing have plummeted over Japanese leader’s recent remarks on Taiwan.
Published On 17 Nov 2025
Japanese shares linked to the tourism industry have nosedived…
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‘Black Phone’ director addresses plans for third sequel
Black Phone director Scott Derrickson has unveiled his plans for the third sequel….
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Gilts steady after tax U-turn sell-off
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
UK government bond yields steadied on Monday, following Friday’s gilt market sell-off driven by investor concerns over the Budget.
The 10-year yield fell 0.01 percentage point to 4.57 per cent in early trading, remaining at around their highest levels in a month. Yields move inversely to prices.
The market on Friday suffered its worst one-day fall since July — with the yield jumping 0.14 percentage points — as bond investors reacted to the government’s U-turn on its plans to raise income tax in the Budget on November 26.
Chancellor Rachel Reeves and Prime Minister Sir Keir Starmer decided to rip up their tax plans for the Budget last week, fuelling investor fears that the government was unable to take tough fiscal decisions.
“The near-term fate of the gilt market is now very much in the hands of Reeves,” said Ben Nicholl, a senior fund manager at Royal London Asset Management.
If Reeves can “stick to the fiscal rules, cover the fiscal black hole credibly, show that debt is on a sustainable downward trajectory, and enact policies that bring down inflation, then gilts could have a strong finish to the year,” Nicholl added. “If not, then gilts could be in for a rocky ride.”
The pound was largely unchanged against the dollar at $1.316 in early London trading.
Market anxiety was stoked before the tax U-turn last week by a bungled Downing Street briefing that sought to head off speculation about a leadership challenge to Starmer but instead heightened it.
Martin Harvey, fixed income portfolio manager at Wellington Management, said the episode had raised “additional questions for the bond market because it highlights the political challenges associated with fiscal consolidation”.
“Even if the Budget at the end of November is deemed a success, the gilt market will continue to be sceptical about long-term sustainability and risk premia will remain relatively high,” Harvey added.
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Advancing Binding Free Energy Predictions at Evotec: RBFE, ABFE, and FMO
Accurately predicting protein – ligand binding affinities is central to drug discovery, guiding compound prioritization and reducing experimental costs. At Evotec, we apply and develop a range of physics-based methods to address this…
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No matter who sits out, South Africa find a way to win: Kagiso Rabada
South African pacer Kagiso Rabada, who missed the first Test against India here due to a rib injury, is in awe of his team’s ability to rebound from setbacks and “find a way to win” no matter who is left out.
The reigning World Test…
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Ultra loyal Verizon customer got a “slap in the face” as a gift for 25th anniversary
After spending 25 years with Verizon, a customer got what they described as a “slap in the face”.It’s a calendar
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Who is Talha Anjum, the Pakistani singer who waved the Indian flag at his Nepal concert recently? – Firstpost
The singer tweeted- “My heart has no place for hate. My art has no borders. If me raising an Indian flag sparks controversy so be it.”
Pakistani singer Talha Anjum has been making a lot of noise on social media amid his Nepal concert. The…
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TDK Ventures’ Sauvage named chair of GCV Leadership Society –
Nicolas Sauvage plans to promote best practices in corporate venture capital by launching a certificate for CVC professionals.
Nicolas Sauvage, president of TDK Ventures, has been appointed as chair of the Global Corporate Venturing Leadership Society for 2026, taking over the helm from Bill Taranto and Arvind Purushotham.
Sauvage set up TDK Ventures, the investment arm of Japanese technology company TDK, in 2019 and has subsequently built a team with offices in Silicon Valley, London, Bangalore and Tokyo. It launched a third $150m fund last year, taking its total assets after management to $500m.
He is keen to use the chair position to explore ways to help develop the global CVC community, including bringing recognition and certification for industry practitioners.
Maija Palmer
Maija Palmer is editor of Global Venturing and puts together the weekly email newsletter (sign up here for free).
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India’s Adani to set up 3.2GW coal-fired capacity
Indian private-sector firm Adani Power will set up a 3,200MW greenfield thermal power plant in the country’s northeastern Assam state.
Bombay Stock Exchange-listed Adani Power, India’s largest private sector power generator, will invest 480bn rupees ($5.42bn) to set up this ultra super critical power plant in Assam, the company said on 14 November.
Adani Power emerged as the successful bidder by offering the lowest tariff of Rs6.30/kWh in a tightly contested bidding process, it said.
The plant will be set up under the Design, Build, Finance, Own and Operate (DBFOO) model. Coal linkage for the power plant has been allocated under coal allocation policy of the federal government.
The project will have four units of 800MW each and will be commissioned in a phased manner between December 2030-December 2032, Adani said. Adani has a current operating capacity of 18.15GW from 12 thermal power plants and one solar plant and aims to reach a generation capacity of 42GW by 2032.
The project award coincides with India’s aim to boost its overall generation to power its economic growth and provide round-the-clock electricity to all households in coming years.
The award is also in line with India’s plans to add 80GW of new coal-fired generation capacity by 2032 to meet an anticipated growth in India’s power demand over the next decade. But bulk of these additions are expected to be based on domestic fuel, limiting prospects for imported coal.
The project, along with other under construction and existing power plants, could buoy domestic coal demand and absorb surplus supplies, at a time when state-owned coal producer Coal India (CIL) aims to bulk up its output.
CIL, which meets more than 80pc of India’s coal needs, plans to raise its production in the April 2025-March 2026 financial year to 875mn t, up by 12pc from the year earlier and lift it further to 1bn t in the 2026-27 financial year.
The coal producer also aims to further raise the output to 1.04bn t in 2027-28, 1.08bn t in 2028-29 and 1.13bn t in 2029-30. The plans are part of India’s efforts to meet most of its coal demand through domestic sources and reduce non-essential coal imports.
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Ariana Grande, Sydney Sweeney, Tom Cruise and More
The Academy of Motion Picture Arts and Sciences presented Honorary Oscars to actor and producer Tom Cruise, choreographer and actor Debbie Allen and production designer Wynn Thomas at the 16th Governors Awards on Sunday at the Ray Dolby…
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