McKinsey checks in on for whom the bell tolls
Robot-free* insights
Artificial intelligence
Vodafone and CK Hutchison agree UK mobile merger
Companies must convince regulators that deal to create country’s largest operator will not hurt consumers
Mergers & Acquisitions
Banks alarmed at threat of EU crackdown on cross-border access
JPMorgan, Goldman Sachs, HSBC, Citigroup and Morgan Stanley among those concerned at approach from Brussels
Financial & markets regulation
EVs may become personal power plants for owners
Pick-up trucks can keep a home running for three days in a hurricane or even feed energy back into the national grid
Electric vehicles
Brussels hits Google with fresh charges over ad technology
European Commission says forced sale is only remedy
Advertising
The Lex Newsletter: Rishi Sunak should power up UK gigafactory plan
PM’s battery strategy cannot match US financial firepower but it could target gaps in support
Electric vehicles, Batteries
M&C Saatchi warns of tough trading
Ad agency cites ‘challenging’ conditions in its advertising and media operations
Advertising
Australia’s central bank to reimburse almost 1,200 underpaid staff
RBA’s reputation has been damaged by ‘embarrassing’ rate guidance and response to rising inflation
Central banks
Reddit: profits, not protests, will determine IPO success
User revolts are unlikely to hit the company’s valuation
Social Media
Microsoft-Activision Blizzard deal temporarily blocked by US judge
Federal Trade Commission had asked the court to stop $75bn acquisition from closing while it pursues a challenge
Mergers & Acquisitions