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[ad_1] Stay informed with free updatesSimply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox.The era of Bund scarcity is “definitely over”, said a senior German official, as the Eurozone’s safest borrower increases sales of its benchmark debt to fund a defence and infrastructure spending spree.Tammo Diemer, an executive board member at Germany’s finance agency who oversees its sovereign debt issuance, pointed to the increasing availability of German bonds in the secondary market following the end of quantitative easing. “Scarcity of Bunds is definitely over,” he told delegates at the Financial Times’ Global Borrowers & Bond…

[ad_1] Coralogix, an Israeli startup offering a full-stack observability and security platform, has raised $115 million at a pre-money valuation of over $1 billion, almost doubling in three years from its last round in 2022. With the influx of cash, the startup is looking to expand its engineering base in India and develop its AI agent. The all-equity and all-primary Series E round is led by California-based venture growth firm NewView Capital, with participation from the Canada Pension Plan Investment Board and NextEquity, the venture firm founded by former Apple executives Avie Tevanian and Fred Anderson. Data observability has become…

[ad_1] The tech industry talks a lot about how AI is going to transform work. Legal startup Crosby, which just came out of stealth with a $5.8 million seed round led by Sequoia, is perhaps the most extreme example of what’s coming that we’ve seen to date. Crosby isn’t just making AI software for lawyers — although it is doing that. Crosby is an actual law firm using AI to provide legal services at a speed never before possible. Rather than selling tech to lawyers, Crosby has hired lawyers who use its internally developed AI software. It sells contract-review legal…

[ad_1] Hong Kong CNN  —  As the metal gangway is lowered, the crew gets to work securing the ship to the dockside – their bright orange jumpsuits dwarfed by the vast pink container ship behind them. Once the ONE Modern vessel is safely attached, three crane drivers begin a race against the clock to unload and reload more than 700 containers from the Port of Hong Kong, in less than 10 hours. For the myriad companies across the globe in the same boat, there’s a bigger race at stake: the massive operation to get goods out of China and into…

[ad_1] Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Norway has launched the world’s largest full-scale operation of industrial carbon capture and storage, ploughing billions of dollars of subsidies into the venture to trap the emissions of highly polluting products such as cement.The first shipment of carbon dioxide left Heidelberg Materials’ plant in Brevik in southern Norway this month by ship, and will be injected in reservoirs under the North Sea in August by the Northern Lights consortium of oil groups: Equinor, Shell and TotalEnergies.The cost of the Longship project…

[ad_1] A blank rectangle of a building sits next to a highway, facing an endless Wyoming prairie. It’s painted the greenish-grayish-brown that Disneyland imagineers use on stuff they don’t want people to notice. But the nine semitrailer-size green boxes nestling like nursing puppies into the building’s long sides are a giveaway. They’re giant heat exchangers meant to chill the stacks of black, pizza-box-shaped computers inside, squeezing electrons through silicon to make everything from streaming video to cryptocurrency.This data center is one of several in Cheyenne. These buzzing hives of circuitry run the modern digital economy — and manage the unprecedented…

[ad_1] Stay informed with free updatesSimply sign up to the Oil myFT Digest — delivered directly to your inbox.The International Energy Agency has predicted that global oil supplies will substantially outstrip demand this year even as the escalating conflict in the Middle East raises fears of disruptions.Global oil production is expected to rise by 1.8mn barrels a day in 2025 to 104.9mn b/d, outstripping forecast demand of 103.8mn b/d and leading to a rise in oil inventories over the course of the year, the intergovernmental energy advisory body said in its annual report.“In the absence of a major disruption, oil…

[ad_1] New York CNN  —  Champion eater Joey Chestnut is returning to the Nathan’s Famous Fourth of July Hot Dog Eating Contest after being banned last year. “This event means the world to me. It’s a cherished tradition, a celebration of American culture, and a huge part of my life,” he said in an X post Monday. Chestnut had been a staple at the hot dog eating contest that takes place at Coney Island every Fourth of July. The Major League Eating organization, which oversees the eating contest, barred Chestnut from the event in 2024 after he struck a deal…

[ad_1] New York CNN  —  At Home, a popular home goods retailer with 260 stores across 40 US states, has filed for bankruptcy, citing the backdrop of tariff increases and a slowdown in consumer spending. The Dallas-based company announced Monday that it had entered an agreement with its lenders that “will eliminate substantially all” of its roughly $2 billion in debt and provide $200 million in fresh funding to keep At Home operating while it navigates the Chapter 11 process. Brad Weston, At Home’s CEO who joined the company last year, said in a statement that the company is “operating…

[ad_1] Stay informed with free updatesSimply sign up to the Central banks myFT Digest — delivered directly to your inbox.Central banks expect to keep buying more gold this year, and anticipate their holdings of US dollars will fall over the next five years, according to a survey of global monetary authorities.Geopolitical concerns, sanctions risk, and worries about the status of the US dollar have driven global central banks to make record purchases of bullion. Gold recently overtook the euro to become the world’s second-largest reserve asset, behind the US dollar. Gold prices have surged 30 per cent since January and…