FT News Briefing Russia-China pipeline deal stalls
Jun 3, 2024
Russia and China are stuck in negotiations over a gas pipeline, highlighting Moscow's dependency on Beijing. Meanwhile, far-right parties in Europe are connecting with younger voters. Tesla faces challenges as its shareholders struggle with voting rights. Internal strife at OpenAI led to significant leadership resignations, sparking debates on AI safety versus innovation. The tech world grapples with balancing rapid advancements and public trust, as companies form new committees to address these pressing issues.
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Russia-China Gas Deal Stalls
- Russia needs China's gas market after losing European buyers due to the war.
- However, China is driving a hard bargain, demanding low prices and smaller purchase commitments.
Far-Right Appeal to Young Voters
- Young Europeans, surprisingly, show increased support for far-right parties.
- These parties' "anti-establishment" stance resonates with young people facing uncertain times.
Tesla Shareholder Voting Issues
- Technical issues may prevent many Tesla shareholders from voting in the upcoming election.
- This is problematic as retail investors own a significant portion of Tesla, and board approval for Elon Musk's pay package is on the ballot.