Elon Musk’s xAI nears $9.3bn equity and debt deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence company xAI is nearing a $9.3bn debt and equity deal, as investors looked past the billionaire’s spat with President Donald Trump that had complicated the capital raising efforts. Investors have placed…

Read More

India’s coal champion reopens dozens of mines

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Coal India, the world’s largest coal-producing company, is reopening more than 30 mines and launching up to five more on greenfield sites this year, saying the country’s renewables sector is yet unable to meet its…

Read More