Renault/Ampere: corporate giants cut loose their energy transition lifeboats
EV manufacturer Ampere may ultimately be worth more to its parent as a division than a demerger
Mergers & Acquisitions
US dollar to maintain dominance over next decade, say central banks
OMFIF survey points to only ‘gradual’ decline in dollar’s share of global reserves, despite calls for alternatives
Central banks
‘Entrenched inflation’ drives 4mn Nigerians into poverty, says World Bank
President Bola Tinubu’s agenda offers opportunity to boost growth and reduce hardship levels, says lender
Central banks
Yen slide fuels speculation over government intervention
Japanese authorities promise to ‘respond appropriately’ if currency drop becomes excessive
Central banks
Brookfield offers to buy insurer American Equity for $4.3bn
Deal would end tension with Canadian asset manager amid consolidation wave in annuities industry
Mergers & Acquisitions
Aston Martin lays out plan to quadruple profit within five years
Luxury car maker seeks to boost margins and increase sales with electric push
Electric vehicles
Wise pre-tax profits triple on higher interest rates
Shares surge as UK fintech expects benefits from monetary tightening to continue
Fintech
US electric vehicle start-up Lordstown Motors files for bankruptcy protection
Struggling company accuses Taiwanese group Foxconn of reneging on commitments
Electric vehicles
Superforecasting with AI promises the best of all future worlds
Technology is the answer, now what was the question?
Artificial intelligence
Swiss regulators need to face up to Credit Suisse failures
As the country prepares for the challenge of supervising an enlarged UBS, rule changes are not the answer
Financial & markets regulation