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Abu Dhabis Adnoc in deal talks over oil refinery at centre of US sanctions
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…
Nationwide fined £44m for inadequate crime controls
Nationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…
The ‘toughest crop’: Can tech help cardamom farmers?
Priti GuptaTechnology Reporter, Mumbai Getty Images Beautiful but delicate, cardamom is a demanding crop “People often think cardamom is a lucrative crop – it may be. But it’s also the toughest crop a farmer can cultivate,” says Stanley Pothan, who has been farming cardamom in the southern Indian state of Kerala for decades. Prized for…
ChatGPT to carry adverts for some users
Zoe KleinmanTechnology editor Getty Images Adverts will soon appear at the top of the AI tool ChatGPT for some users, the company OpenAI has announced. The trial will initially take place in the US, and will affect some ChatGPT users on the free service and a new subscription tier, called ChatGPT Go. This cheaper option…
