Central banks must not be blind to the threats posed by CBDCs
The challenge is to make digital currencies viable without letting them displace private payments altogether
Central banks
Transformers: the Google scientists who pioneered an AI revolution
Their paper paved the way for the rise of large language models. But all have since left the Silicon Valley giant
Artificial intelligence
Rome turns to Bank of Italy veteran to keep seat on ECB board
Piero Cipollone emerges as favourite candidate to succeed Fabio Panetta
Central banks
Ocado and AutoStore settle three-year row over ecommerce tech
Online grocer and its Norwegian rival had been embroiled in an intellectual property dispute
Ecommerce
Slowdown in US shale patch spreads to oil services industry
Companies report hit to earnings as drilling decreases in America’s energy heartland
Shale Oil & Gas
Lars Windhorst discloses multimillion loss on sale of Hertha Berlin football club
Private equity group 777 bought the struggling team for a fraction of the financier’s original €374mn investment
Travel & leisure industry, Mergers & Acquisitions
Five of the best electric motorboats
These non-combustion-engined craft are volts in the blue
Electric vehicles
The lamestream media missed a very funny economics story
Anonymity and identity in the Age of Posting
Digital Media
EU tightens rules on leverage for private credit funds
Restrictions come amid worries about financial stability risks posed by fast-growing $1.5tn industry
Financial & markets regulation
Private equity veteran Guy Hands to step down from Terra Firma
Executive cites The Beatles in memo that brings an end to three-decade career
Mergers & Acquisitions