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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is co-founder and executive chair of firstminute capital, Founders Forum and Founders Factory The future is written by entrepreneurs. Europe needs more of them to choose it as a place to grow and scale in a world of shifting alliances and economic challenges.Yet, a recent investment experience highlighted a critical weakness in achieving that: the fragmented and burdensome regulatory environment that stifles not just our start-ups but innovation and growth across the entire European economy.We were excited to make a small…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU is set to impose minimal fines on Apple and Facebook owner Meta next week under its Digital Markets Act, as Brussels seeks to avoid escalating tensions with US President Donald Trump. According to people familiar with the decisions, the iPhone-maker is expected to be fined and ordered to revise its App Store rules, following an investigation into whether they prevent app developers from sending consumers to offers outside its platform. Regulators will also close another investigation into Apple, which was…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An initial public offering is like a gummy bear rescued from behind a sofa cushion. It may be sweet and delicious, but it also tends to come with a film of miscellaneous detritus. The would-be consumer must decide how much is too much.CoreWeave, a US data centre operator and the year’s biggest tech IPO to date, has fallen foul of this not-quite-scientific test. On Thursday, it sharply downsized what would have been a $32bn listing to $23bn and cut the amount of…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nintendo is set to catapult its long-awaited Switch 2 games console into the teeth of a global trade war, betting a reshaped supply chain can help it overcome the impact of US tariffs and that a built-up machine can match the runaway success of its predecessor.Eagerly anticipated for years by console fans, Nintendo is expected to unveil the key details about its new gaming machine on April 2 — dubbed “liberation day” by Donald Trump, who intends to announce “reciprocal tariffs” on…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese technology giant Tencent is taking a €1.2bn stake in a new spin-off from Ubisoft, as the struggling French games developer attempts to shore up its balance sheet. The deal values a new subsidiary that will run Ubisoft’s top franchises — including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six — at about €4bn. Shenzhen-based Tencent, one of the world’s largest video games companies by sales, will own about a quarter of the new unit, with Ubisoft controlling the remainder.  Yves Guillemot, Ubisoft’s co-founder…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Imagine this set-up for a new stock market listing. A transformational new technology has sparked an infrastructure spending boom. Entrepreneurs from outside the tech industry have spotted the opportunity to borrow heavily to build a new type of infrastructure company, narrowly focused on feeding the new demand. With Wall Street hungry for pure-play ways to invest in the new technology, the conditions for an IPO would seem opportune.That could be a description of CoreWeave, the wholesaler of AI computing power. Its shares…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Well, there it is:CoreWeave is planning to slash the size of its initial public offering and bring in Nvidia as an anchor investor, another sign of wavering investor demand for artificial intelligence infrastructure on Wall Street.The cloud computing provider will formally set the price of its shares later on Thursday and is expecting to pare back its offering to around $1.5bn, according to people close to the matter. CoreWeave had initially targeted raising $4bn and dropped that figure to $2.7bn when it began…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CoreWeave is planning to slash the size and value of its initial public offering and bring in Nvidia as an anchor investor, another sign of wavering investor demand for artificial intelligence infrastructure on Wall Street.The cloud computing provider will formally set the price of its shares later on Thursday and is expecting to pare back its offering to about $1.5bn, according to people close to the matter. CoreWeave had initially targeted raising $4bn and dropped that figure to $2.7bn when it began a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fusion energy start-up Marvel Fusion has raised €113mn in new funding as Germany steps up its efforts to compete in the global race to create zero-carbon power by combining atoms.The Munich-based company has completed a series B funding round with investment from the venture arm of Swedish private equity group EQT, Siemens Energy and the European Innovation Council, according to its founder Moritz von der Linden.The new funding for Marvel’s laser-based technology is one of the largest investments to date in Europe’s…

Imagine a caravan maker. It sells caravans to a caravan park that only buys one type of caravan. The caravan park leases much of its land from another caravan park. The first caravan park has two big customers. One of the big customers is the caravan maker. The other big customer is the caravan maker’s biggest customer. The biggest customer of the second caravan park is the first caravan park.Sorry, not caravans. GPUs. As Tabby Kinder and Rob Smith wrote last week for MainFT:CoreWeave . . . which leases computing capacity to tech groups building artificial intelligence models, is gearing up for the…