FirstFT: European carmakers backed to beat cheap Chinese EVs
Also in today’s newsletter, the latest drone attack on Moscow and Blackstone’s Breit sells property to finance AI push
Electric vehicles
Pressure mounts on UK financial regulator to overhaul bank rules for politicians
Grant Shapps and Richard Tice say they have had difficulties with accounts as fallout over Farage ‘debanking’ continues
Financial & markets regulation
European car industry can withstand cheap Chinese EVs, Bruno Le Maire says
French finance minister backs new subsidies that will take into account producers’ emissions
Electric vehicles
What’s wrong with tech giants riding the AI wave
It is dysfunctional for the same companies to dominate another innovation surge
Artificial intelligence
Energy groups mount campaign against tough US clean hydrogen rules
Oil majors and utilities seek tax credits for projects powered in part by fossil fuels
Renewable energy
Drones strike towers in Moscow’s business district
Area is home to many leading Russian companies, such as VTB Bank and Norilsk Nickel
Drones
Hearing loss: AI devices should pass cool aid test
Adding hearing enhancement to the capabilities of earbuds and headphones would be smart if technology permits
Artificial intelligence
Sky wins court order to block illegal streaming of hit shows and football
Directive is designed to protect a broader range of content
Digital Media
Can Starling Bank make tech its business?
Company has to replace chief executive Anne Boden and decide on its strategic future
Fintech
Luxury sector slows after ‘bonkers’ post-pandemic spending spree
Consumers more choosy as economic weakness and end of revenge buying hits groups from LVMH to Kering
Luxury goods