Average age of first time buyer climbs to 34

US chip giant Nvidia will supply more than 260,000 of its most advanced artificial intelligence (AI) chips to South Korea’s government, as well as Samsung, LG, and Hyundai. The companies will all deploy the AI chips in factories to make everything from semiconductors and robots to autonomous vehicles and meant that South Korea can “now…

There are 1,160 businesses in the UK steel industry, directly supporting 40,000 other firms, according to government figures., external Tata Steel at Port Talbot in Wales was once the UK’s largest virgin steel producer but it turned off its blast furnace in September 2024, saying it was losing £1.7m a day. An agreement with the…

South Korean companies will be “very hesitant” about investing in the US following a massive immigration raid at a Hyundai plant in the state of Georgia last week, President Lee Jae-myung has said. More than 300 South Koreans who were arrested in the raid are due to return home on Friday. Their departure had been…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark has lost a £1.4bn tax fraud case at the High Court in London in a blow to the country’s efforts to recover monies from the sprawling “cum-ex” scandal. The Nordic country’s tax authority had…