global competition

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

Nvidia surged in late trading after delivering another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world's most valuable chipmaker.

Minutes from the Federal Reserve's latest gathering show most officials remained more worried about the risk of cutting interest rates too soon than keeping them high for too long and damaging the economy.

Beth Hammack had been billed as one of the most likely candidates to break into Goldman Sachs Group Inc.'s all-male top tier. Now, she's calling it quits after 30 years at the Wall Street giant.

A vote on the Israel-Hamas war triggered chaos in the UK's House of Commons with the Scottish National Party walking out in protest and Prime Minister Rishi Sunak's Conservatives also refusing to cast their ballots.

Why a $2.3 billion rail project spanning three African countries is critical to boosting adoption of electric vehicles. 

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Silicon Valley legend Intel was the semiconductor chip industry’s global leader for decades. Lately it’s fallen behind, just as the US is recognising the importance of chips to economic and national security. Now, Intel is trying to turn itself round. The FT’s Richard Waters explains its plans and the many challenges it will face in order to reclaim that stature. 

Clip from CNN 

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For further reading:

Can Intel become the chip champion the US needs?

Can Intel come back? 

Intel: Chips Act subsidies may impede a return to former glory

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On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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There are similarities between the two economies set to be the fastest-growing this year—but their paths to greater prosperity will not look like those that came before. One of Australia’s most important river systems is in trouble, and a logjam of millions of dead fish is just one sign. And what to do with the abandoned luxury yachts of Russia’s super-rich.

For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer

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