Chinese executives are relocating manufacturing to avoid US tariffs, wealthy foreigners in the UK plan to leave, Brazilian financial markets are struggling. FT's Tim Bradshaw discusses Nvidia's potential crash like dotcom darlings.
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Chinese companies in Malaysia to avoid US tariffs, UK wealthy foreigners leaving due to tax changes.
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Chinese companies seeking refuge from US tariffs in Malaysia
Chinese companies are exploring opportunities in Malaysia as a strategic move to evade US tariffs. The executives have engaged with Malaysian government officials to secure support and potentially deflect tariff impacts on their businesses. This engagement places Malaysia in a delicate position as it values its alliance with the US while also fostering ties with China, exemplified by Premier Li Qiang's recent visit.
Wealthy foreigners leaving the UK due to tax changes
The UK's decision to end the Non-Dom regime has prompted wealthy foreigners to reconsider their residency in the country, affecting tax implications. The regime, created in 1799, exempted individuals with foreign property from certain taxes, attracting investment but also facing criticism for pushing property prices up. The impending changes have spurred departures, with individuals like Rishi Sunak's wife opting to pay tax on global earnings for fairness.
Challenges facing NVIDIA's market performance and sustainability
NVIDIA's market volatility and concerns surrounding a potential bubble raise questions about its long-term success. The company's reliance on AI growth and competition from in-house alternatives pose challenges to sustaining its market position. To address these obstacles, NVIDIA seeks to diversify its growth sources by engaging governments for AI initiatives and developing an App Store platform for enhanced chip utilization, aiming to avoid the fate of past tech giants like Cisco.
Chinese executives are trying to avoid US tariffs by relocating manufacturing, a growing number of wealthy foreigners in the UK are planning on leaving the country, and Brazilian financial markets have been performing poorly. Plus, the FT’s Tim Bradshaw explains whether Nvidia is on a crash course similar to some of the dotcom darlings from the 2000s tech bubble.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.