UK lithium group warns it could go bust without £10mn cash injection
Cornish Lithium is one of the few British groups aiming to produce metal vital for electric car battery production
Batteries
Germany’s global supply chains under scrutiny over forced Chinese labour
Germany’s new due diligence law is attracting complaints about abuse of Uyghur workers in carmaking plants
Electric vehicles
Ryan Reynolds and RedBird Capital to invest in Alpine F1 team
Hollywood actor among those taking a 24% equity stake in Renault-backed racing team
Mergers & Acquisitions
Bundesbank may need recapitalisation to cover bond-buying losses
German audit office’s report could make it harder for European Central Bank to carry out similar programmes
Central banks
Aston Martin switches to start-up Lucid for batteries
US start-up will take a 3.7% stake in Aston as UK carmaker ditches previous deal with Mercedes-Benz
Electric vehicles
Japanese chip player JSR gets buyout proposal from state-backed fund
Potential deal involving semiconductor equipment maker comes as Tokyo takes firmer stance in ‘chip wars’
Mergers & Acquisitions
Investors still need to adjust to a world of higher interest rates
Markets may no longer be able to rely upon monetary policy as an inevitable shock absorber
Central banks
US shale oil and gas producers pull back after commodity price drop
Dallas Fed posts score of zero for business activity growth in the second quarter among 150 companies in its region
Shale Oil & Gas
TikTok turns to south-east Asia to drive new growth
Viral app’s parent ByteDance targets large Indonesian market but faces growing regulatory scrutiny around the world
Ecommerce, Social Media
Turkey unwinds measures designed to increase lira holdings
Central bank calls move ‘first step’ towards a more conventional monetary policy
Central banks