FT News Briefing Sunak’s early election gamble
May 23, 2024
Rishi Sunak's surprising declaration of a July 4 election raises eyebrows and shifts the political landscape in the UK. Meanwhile, Nvidia's astonishing 262% revenue surge highlights the skyrocketing demand for AI chips. Fraud allegations surrounding the Adani Group reveal discrepancies in coal transactions that could shake Indian politics. In a bid to combat urban malaria, Djibouti prepares to release genetically engineered mosquitoes, showcasing innovative solutions in public health amidst environmental crises.
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Snap Election
- UK Prime Minister Rishi Sunak called a snap general election for July 4th.
- This surprised many, as it's earlier than the expected autumn election date.
NVIDIA's Success
- NVIDIA saw a massive 262% revenue increase due to record AI chip sales.
- They also announced a 150% increase in their quarterly cash dividend.
Adani Coal Fraud
- The Adani Group is accused of selling low-quality coal as high-quality fuel.
- This inflated prices, defrauding an Indian state power provider.