FT News Briefing Venezuela’s leader starts another disputed term
30 snips
Jan 13, 2025 A potential gas boom looms in the US, with new construction aimed at powering the AI industry. Meanwhile, Venezuelan officials face new sanctions as Nicolás Maduro begins a controversial third term amid allegations of election fraud. In the UK, a £1.5bn class action lawsuit against Apple starts in court, stirring interest. On the investment front, private equity may soon be allowed in retirement accounts, raising questions about risks and returns for savers navigating between private and public market investments.
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US Gas Boom Fueled by AI
- The US natural gas industry is predicted to grow significantly, with up to 80 new power plants expected by 2030.
- This growth is driven by the increasing power demands of AI data centers, raising concerns about US climate targets.
Venezuela's Disputed Term
- Nicolás Maduro begins his third term as Venezuelan president amidst Western sanctions and contested election results.
- The sanctions, while a strong message, may not significantly impact Maduro's regime due to existing sanctions.
Apple's UK Legal Battle
- Apple faces a £1.5 billion class-action lawsuit in the UK over alleged App Store monopoly practices.
- The lawsuit claims Apple abused its market dominance by forcing developers to use the App Store and charging high commissions.