FT News Briefing Who to turn to when the world is crumbling
Oct 25, 2023
Microsoft sees a surprising resurgence in Azure growth, sending its shares soaring. Meanwhile, the UN calls out violations of international law amid the crisis in Gaza. Environmental advocates warn the EU about flawed hydrogen funding while companies increasingly seek advice from former diplomats to navigate rising geopolitical tensions. With predictions of potential global conflict, businesses are reshaping strategies and supply chains to address these risks, reflecting a significant shift towards incorporating geopolitical insights into their operations.
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EU Energy Projects
- Environmental campaigners criticize the EU's energy project list, citing concerns about funding for hydrogen infrastructure.
- They argue that the focus on hydrogen benefits gas companies and advocate for renewable power solutions.
Gaza Crisis
- UN Secretary-General Guterres denounces violations of international law in Gaza, calling for a halt to Israeli strikes.
- He emphasizes civilian safety amid escalating casualties and destruction, urging all parties to de-escalate.
Geopolitical Risk Management
- Businesses are increasingly seeking advice from former diplomats and spies due to rising global instability.
- This trend reflects a shift towards a more unstable world, prompting companies to carefully assess their global exposures.