Credit Suisse fined $388mn over Archegos collapse
Regulators criticise ‘extremely serious’ failings of risk management at defunct Swiss bank
Financial & markets regulation
Memo to Sadiq Khan: here’s how to redesign Ulez
Properly structured road pricing is critical to improving air quality in big cities like London
Electric vehicles
Antony Blinken & Gina Raimondo: To shape the future of AI, we must act quickly
The US is committed to leading on the governance of the technology
Artificial intelligence
Drones hit Moscow buildings and weapons store in Crimea
Russia says all drones were ‘neutralised’ but attack is fourth time capital has been targeted since May
Drones
Twitter/X: maverick rebrand leaves Musk with a cross to bear
Replacing one’s brand risks annoying and confusing customers, and the direct financial cost can be high
Social Media
Repatriation flights begin for tourists stranded on Rhodes
Greek authorities battle against blazes in four different areas of the country
Travel & leisure industry
Posco/EVs: leap in Korean battery stocks will end with metal fatigue
South Korean group’s core business remains steel, which is vulnerable to weak global demand
Batteries
The green treasure chest buried in Ukraine
Up to $11.5tn worth of minerals needed for the energy transition are located in the country
Renewable energy
Bain Capital buys Gautam Adani’s stake in shadow bank
Indian billionaire offloads shares in lending business to focus on core enterprises
Mergers & Acquisitions
Shares in Martin Sorrell’s S4 Capital tumble after profit warning
Guidance follows disappointing results from US-based advertising agencies Interpublic and Omnicom
Advertising