Danielle Myles

German states’ push to halt global minimum tax hits setback Discontent rising among European firms as their US and Chinese peers sit out the reform

Finance ministers in three of Germany's biggest states failed in their attempt to get the country to suspend the 15% global corporate minimum tax until issues regarding the US exemption are resolved. But it's laid bare growing discontent over the reform on.ft.com/4mRDRkY #Hesse #Bavaria #NRW #tax

Tax diplomacy will hit FDI Using fiscal policy as political retaliation is a direct risk to investment flows

The US has transformed tax into a point of leverage in international affairs. Its 'revenge taxes', which were dropped in return for an exemption from the global corporate minimum tax, shows tax diplomacy can decide investors’ fate. A new (excellent) column by @jchaisse.bsky.social on.ft.com/3Wv7DB2

Mixed signals put US FDI at a crossroads The government is rolling out the red carpet for investment, then showing it the door

The US government is rolling out the red carpet for investment one minute, then showing it the door the next. fDi's Americas columnist Didi Caldwell of GLS Consultants gives her take on the cracks she sees forming in the US's longstanding FDI appeal on.ft.com/46TYt6e

Middle East SWFs to intensify push into Asia Region’s funds accelerate their turn east in pursuit of tech, growth and geopolitical hedges

The Gulf's #SWFs are laying the groundwork to ramp up their investment in Asia. Poaching top CFOs, opening offices in India and China, and striking multi-billion dollar MOUs with the region's state-backed investors. Insights from @reziemba.bsky.social and others

on.ft.com/4pRvzMF

White House equity grabs deepen pivot to state capitalism Canadian Lithium Americas the latest firm targeted by Trump’s interventionist agenda

The US government is taking a 5% stake in Canadian firm Lithium Americas, and another 5% in the Thacker Pass mine it is developing in Nevada alongside General Motors.

My deep dive into this growing trend towards American state-managed capitalism on.ft.com/4gRGdPt #ThackerPass #LithiumAmericas

Economic Security Watch | Newsletter launch fDi’s new bulletin on how protectionism and geopolitics are reshaping international business.

Economic Security Watch is live!!

My new newsletter brings you the latest analysis on how policymaking spurred by geopolitics and protectionism is reshaping international trade and investment.

Sign-up here www.fdiintelligence.com/esw

For more details, see our launch video on.ft.com/4nVHnLT

Next-generation aftercare must come first Technology, geopolitics and talent are reshaping IPA strategy and priorities

Aftercare is the unsung hero in the world of Investment Promotion Agencies. But it is key to making investment stick. As Lars Lin Villebaek of #Copenhagen Capacity argues in this op-ed, #geopolitics, we #tech and #talent mean IPAs must transform their approach to #aftercare on.ft.com/42P0FdJ

Cyber hit to Jaguar Land Rover’s suppliers unprecedented Extended shutdown of UK carmaker reveals local economic exposure to corporate cyber attacks

Supplier shutdowns and lay-offs following Jaguar Land Rover’s cyber attack have become a wake-up call over the exposure of local economies to vulnerabilities in multinationals’ cyber defences. Experts say the fallout makes it among the worst attacks in 10 years on.ft.com/480xMyU #JLR #cyberattack

SWFs must build nations, not monopolies The most successful funds focus more on global competitiveness than balance sheets

Sovereign wealth funds are having a renaissance. As they are launched (Indonesia), revamped (Greece), planned (US) or gain their footing (UK) these SWFs must focus on building runway for private capital. And avoid vanity portfolios and complacency. Op-ed by Anshu Vats:
on.ft.com/48vdD45 #SWF

Trump admin ‘has backed down’ on Chinese tech, says senator Democrat Catherine Cortez Masto worried by Nvidia export deal, and wants outbound investment screening law

I spoke with Democrat Senator @cortezmasto.senate.gov from Nevada about her bills to curb risks from China's rise as a tech power. The outbound investment screening programme isn't enough (she wants it in law) and the Nvidia chips sales deal creates "concerns" about Trump admin
on.ft.com/4njjfmK

Hyundai-LG raid exposes gap in FDI job goals ‘Mother factory’ strategy requires home country specialisms hard to transfer to US workers

The US the #immigration raid on the $4.3bn Hyundai-LG battery plant reveals a gap in policymakers’ bid to use FDI as a vehicle for job creation and knowledge transfer. The deported workers were doing jobs it's infeasible for US workers to do. #Hyundai #Georgia #LGES #ICEraid

on.ft.com/4n9zxOR

We must face China’s rare earths 2.0 moment Western reliance on Chinese cellular IoT modules can spiral into another pernicious addiction

Governments have finally woken up to the threat of China's control of rare earths. Yet they and the private sector remain oblivious to an equally serious, if not broader, dependency: on Chinese CIMs. Charles Parton, of
@congeostrategy.bsky.social, has a stark warning in this oped

on.ft.com/48hlbau

Supreme Court lawsuit bedevils EU tariff deal approval Brussels lawmakers must decide on a White House pact facing doubts over its legal basis

With the Supreme Court fast-tracking cases claiming Trump's tariffs are illegal, EU lawmakers that must approve the bloc's US trade deal face tough questions. Will they green-light a pact based on punitive levies when there is credible proof they're illegal? This deal could unravel on.ft.com/4mVEFpF

Trump’s Google threat reawakens EU ‘bazooka’ possibilities Backlash over €2.95bn fine and new DST attacks stir support for using anti-coercion tool

Calls have resurfaced for the EU to debut its Anti-Coercion tool against the US, following #Trump’s threats to retaliate for its rules governing big tech and €2.95bn fine against #Google. Insights from @bernd-lange.bsky.social @mariepierrev.bsky.social @barryandrewsmep.bsky.social on.ft.com/428MuQL

LatAm is Saudi’s new geopolitical gem Non-alignment and critical minerals help the country’s diversification and soft power play

Non-alignment and critical minerals make Latin America fertile soil for Saudi's diversification and soft power play. But Carlos Cruz-Infante in Santiago argues Saudi will face sustainability and other obstacles in what remains unfamiliar territory #Suadivision2030 #Vision2030
on.ft.com/467PJc5

US law enforcement raids $4.3bn Hyundai-LG factory Hundreds detained in immigration crackdown at landmark EV battery project in Georgia

US immigration authorities have raided and detained 100s of workers at a $4.3bn EV battery plant being constructed by a Hyundai-LG joint venture in Georgia. The highest profile example of FDI being caught in the crosshairs of Trump's immigration crackdown. But won't be the last on.ft.com/3HNjdnI

European firms’ confidence in China “very low” EU chamber president: existing firms stay, but new investors are holding back

EU firms' confidence in #China is at historic lows, head of the EU's chamber of commerce tells me. Its booming economy once made firms willing to navigate market access barriers like discrimination and opaque rules. But slowing growth means that is not necessarily the case anymore

on.ft.com/45NKjnM

Bhutan’s offer moves from mountains to machine learning A US investor in its AI ecosystem has put the nation’s digital economy on the investment map

Bhutan has been taking incremental but bold steps to advance its digital economy and #AI sector. The journey of one early investor, America's iMeritDigital, reveals the potential and lingering challenges for the country's budding innovation ecosystem. Op-ed by Invest #Bhutan here on.ft.com/4289a3l

US appeals court rules Trump tariffs illegal | What now? Importers and foreign governments left in limbo awaiting appeal to country’s top tribunal

A US appeals court striking down Trump's liberation day tariffs promises to set up a Supreme Court showdown for the unorthodox trade policies. But what does it actually mean for the US importers and foreign governments scrambling to cut trade deals? on.ft.com/3VuigUi @asiapolicy.asiasociety.org

Cfius non-notified deals uptick puts investors on notice FDI watchdog reviewing more closed transactions coincides with order to unwind China deal

Cfius's review of non-notified deals picked up last year, a finding that came to light 1 month after Trump ordered the unwind of a five-year old deal which hadn't been filed. The stakes for investors considering sidestepping FDI screening have been raised on.ft.com/45OVXi8

The UK’s new opportunity to attract VC investment Fresh firepower will let state-backed investors blaze new trails in luring venture capital

The UK's bid to attract more institutional investment is boosted by a gov pledge to expand state-backed investors' financial firepower by 40%. The Department for Business and Trade's Jack Conway claims t presents a unique opportunity to attract VC funds on.ft.com/3JdVE7N

Cfius filings decline hides new age of US FDI scrutiny Investigations continue apace under a national security policy deterring its target deals

The number of transactions screened by the US’s foreign investment watchdog continued to fall in 2024, as investors reassessed their options for closing mergers and acquisitions without triggering national security hurdles. on.ft.com/45oaSyq #Cfius

Record Canadian FDI projects defy tariff turmoil Service sectors, USMCA exemption and stability see US neighbour defy Trump’s trade storm

#Canada has fought off headwinds from US tariff uncertainty to attract a record number of #FDI projects over the first half of the year, buoyed by an uptick in investment into services, a greater focus on #USMCA paperwork and its much-after stability on.ft.com/41y71gW #tariffs #Trumptariffs

Próspera close to clinching its first private city in Africa Governance platform behind troubled Honduras project to launch on continent on new terms

Investors using the charter city platform behind the pioneering & troubled Próspera Roatan project in Honduras are speaking to a dozen governments across Africa about launching private cities there. The first is tipped to be announced by year-end on.ft.com/41p9xpP

Tariffs urge correction for Costa Rica’s currency The colon is choking the real economy and threatening the country’s export model

The US lifting reciprocal tariffs against #CostaRica to 15% is made all the worse by its overvalued currency. Cesare Zingone of Zeta Group argues that the central bank must step in to devalue the colon, or it risks exporters shutting down and SEZ operators reassessing the country on.ft.com/4m5cy78

Trump’s tariff deals have $1.5tn in FDI window-dressing Foreign governments have been drawn into the showmanship and murky pledges of US investment

The White House says it won $1.5tn in FDI via tariff deals in the past 10 days, which its partners contest. Tariffs have flung foreign govs into the same territory as corporates: knee-deep in inflated US FDI announcements that wont materialise. My take on the EU, Japan and SK deals on.ft.com/40KHKQq

US businesses suing Trump over tariffs say trade pacts ‘hardly relief’ The SMEs fighting the White House policy embody the levies’ broader hit on the real economy

The US importers suing the #Trump administration over tariffs shared with me their stories — about the existential risks it presents for some, and the fact a 15% cut rate for the EU is still a fivefold increase. Their stories embody the hit being felt by the real economy at large on.ft.com/3U2S3vy

Watt’s next? Why grids are the next frontier for FDI Investment in energy infrastructure is needed for net zero and energy security

With green energy FDI soaring, the bottlenecks in Europe's clean power transition aren’t in generation but transmission infrastructure. Europe needs investment in these assets to unlock stranded renewable capacity, writes our regional columnist Martin Kaspar.

on.ft.com/3Uy4rUi #FDI #greenenergy

The time is now for tourism economic free zones New industry alliance urges more countries to follow Indonesia and Latin America’s lead

The need for free zones focusing on tourism is greater than ever. UN #Tourism and World FZO have formed an alliance to promote this concept, which is already gaining traction in #Indonesia, #LatinAmerica and #China. Martín Gustavo Ibarra has more in this oped here 👇🏼 #freezones

on.ft.com/46vrVko

Is Danantara’s early $16bn splash just a paper victory? Doubts linger over Indonesia’s five-month old SWF but mega bank loan could lift credibility

Winning the buy-in of major foreign investors over its first five months has helped Indonesia's new #SWF #Danantara shake off some early scepticism. But a real credibility boost hinges on it closing a $10bn loan with international banks — the biggest ever in south-east Asia on.ft.com/4mwB6pB