Three Ideas to Beat the Heat, and the People Who Made Them Happen

South Korean investigators are attempting to arrest President Yoon Suk Yeol for alleged treason and abuse of power following his failed imposition of martial law, leading to a stand-off at his residence with supporters rallying outside. Yoon was impeached by parliament last month and faces questioning over possible insurrection, with analysts urging acting president Choi Sang-mok to resolve the situation. The political turmoil has impacted South Korea's economy, prompting officials to consider an extra budget...

Nvidia shares surged 171% in 2024, creating newly minted billionaires like Tench Coxe, who is now worth $5.4 billion as Nvidia's third-largest individual shareholder. Board members Mark Stevens and Harvey Jones also became billionaires, with Stevens worth $9.3 billion and Jones holding a $1 billion stake. Nvidia's stock jump has also made long-term employees millionaires, with 76% being millionaires and one-third worth over $20 million, despite the company's intense work culture noted in a Bloomberg...

The Federal Reserve raised interest rates in 2022-23 to the highest levels in over a dozen years, but both consumers and businesses managed to withstand the increased borrowing costs without significant negative effects. Despite the hikes, there was no significant collapse in spending or investment, indicating a surprising resilience in the face of higher interest rates. This unexpected outcome suggests a strong underlying economy that can weather changes in monetary policy. Full Article

UK house prices in 2025 are expected to see varying rates of growth across different regions. According to Savills, Scotland and northern English regions will experience the fastest rise, while the South West and East of England will see slower growth. In contrast, Hamptons predicts London will lead the UK's house price growth in 2025 and through 2027, as the housing market enters a new cycle with varying rates of growth across regions. Full Article

FT Editor Roula Khalaf's weekly newsletter, Unlock the Editor’s Digest, features Tesla's first drop in vehicle deliveries in over a decade, with fourth-quarter figures missing analysts' estimates and shares falling 5%. The company delivered 495,570 vehicles in the quarter, below expectations, resulting in an annual drop in deliveries for the first time since 2011. Despite a higher-than-expected quarterly profit in October, Tesla's chief executive Elon Musk predicted a 20-30% increase in vehicle sales by 2025....

Roula Khalaf, Editor of the FT, highlights the damaging gaps in the UK's jobs data that may have wider implications for the country's statistics, as a top lawmaker warns of economic policymakers "flying blind" due to failures in data collection. Dame Meg Hillier raises concerns about under-investment in systems, drawing parallels with the Bank of England's issues, and emphasizes the need for a solution to the data gaps to address challenges such as lacklustre growth...