Harrods to launch private members’ club in Shanghai
Luxury department store targets growth from ultra rich in China
Luxury goods
Ford shares sink as price cut for electric truck deepens EV price war
Discounts on F-150 Lightning models facilitated by lower battery costs and increased plant capacity
Electric vehicles
UK watchdog proposes tougher rules on ‘finfluencers’
FCA says new consumer duty will be applied to social media posts
Social Media, Financial & markets regulation
Gresham House: London quote proves unsustainable for green funds
UK market is losing another growth company in a sector the government is keen to promote
Mergers & Acquisitions
AI risks deepening unequal access to legal information
The technology makes it even more pressing that the justice system address transparency issues
Artificial intelligence
Twitter: uncreative destruction poses balance sheet challenge to Musk
Raising cash by selling new shares or securing a debt-for-equity swap would require a reduction in valuation
Social Media
European luxury stocks tumble after Richemont suffers US slowdown
Owner of Cartier falls 9% and drags down rivals following slower sales in sector’s biggest market
Luxury goods
Searchlight Capital buys UK asset manager Gresham for £470mn
Shares in London-listed group soar more than 50% after agreeing to takeover by US firm
Mergers & Acquisitions
Sudan’s descent into violence poses new threat to volatile Sahel region
Spillover from conflict risks creation of a corridor of instability stretching from the Red Sea to the Atlantic
Terrorism
Why Vodafone’s megamerger could have a 3.9% problem
Many mobile companies add an identical surcharge to bills, attracting the attention of regulators
Mergers & Acquisitions