We have put together stories from our coverage on science from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. ‘No quick wins’: China has the world’s first operational thorium nuclear reactor Chinese scientists have achieved a milestone in clean energy technology by successfully adding fresh fuel to an operational thorium molten salt reactor, according to state media reports. 2. China tests non-nuclear hydrogen bomb, science paper shows Chinese scientists used a 2kg bomb to generate…
Day: April 23, 2025
China invites European countries to form united front against Trump tariffs
China’s top diplomat Wang Yi has accused Washington of weaponising tariffs, and urged Europe to join hands with Beijing to defend the multilateral trading system, in separate calls with the British and Austrian foreign ministers. Advertisement Speaking to Britain’s Foreign Secretary David Lammy on Tuesday, Wang said the US had used tariffs “as a weapon to launch indiscriminate attacks on various countries”, violating World Trade Organization rules and harming the interests of other economies. The practice “regresses state-to-state relations to the law of the jungle”, Wang said, adding that it…
Tesla’s Optimus humanoid robot hit by China’s rare earth export controls
Tesla’s production of Optimus, a robot that promises to take over household chores, has been disrupted by China’s curbs on rare earth exports, introduced by Beijing earlier this month in an escalating trade war with Washington. Advertisement Speaking on the company’s earnings call on Tuesday, CEO Elon Musk said production was impacted by the “magnet issue”. While weeks of delays are expected as exporters grapple with tighter permit requirements for the key ingredients, Tesla is one of the highest-profile buyers so far to flag the direct consequence of the change.…
Nomura’s top banker says traders’ ability to go ‘max risk’ is now higher
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The British banker tasked with overhauling Nomura’s global investment operations after a $2.9bn hit from the collapse of Archegos has said his traders are finally closer to being able to go “max risk”. Christopher Willcox told the Financial Times the “boring, foundational, basic stuff” done since he took over as head of Nomura’s trading, investment banking and international wealth management businesses meant he was increasingly confident of taking bold, high-stakes…
The Chinese factory jobs Trump wants to bring back
US President Donald Trump’s announcement this month of “liberation day” tariffs drew disbelief from America’s trading partners and mockery from Chinese internet users. Viral, artificial intelligence-generated videos depicting American workers sweating over trainer and smartphone assembly lines circulated on Chinese social media, after Trump claimed that “jobs and factories will come roaring back” to the US as a result of the tariffs. The videos highlighted that there is little chance of the US replicating the labour force advantages that turned China into the world’s factory over more than two decades…
China and Brics will ‘defend’ global order as Trump withdraws, Brazil says
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China and its partners in the Brics group of developing countries will increasingly stand up for international co-operation as the US withdraws under President Donald Trump, a top Brazilian diplomat said. “China and developing nations are today the main defenders of the multilateral system,” President Luiz Inácio Lula da Silva’s top foreign policy adviser Celso Amorim told the Financial Times in an interview. “What’s fundamental is to have rules which are…
What would a US tariff on chips look like?
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Chip War’ The US government will be “taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN”, President Donald Trump recently declared. Given his repeated promises to impose a tariff on imported chips, we must assume some action is coming. But what type, and to what end? According to trade data, the US imports around $30bn in chips annually, largely from south-east Asia.…
BP’s race to cut costs
Tesla’s first-quarter adjusted profits dropped 39 per cent and the IMF has downgraded outlooks for G7 nations and big economies such as China and India. Plus, we take a look at whether BP can turn things around to catch up with its rivals. Mentioned in this podcast: Elon Musk to prioritise Tesla over White House role as profits slump IMF warns of rising US recession risk and defends Fed policy Vladimir Putin offers to halt Ukraine invasion along current front line Will going back to basics restore BP’s fortunes? Donald…