ECB raises interest rates back to highest-ever level
Ninth consecutive increase comes as central bank warns prices are still rising too fast
Central banks
Running a bank is more of a high-wire act than ever
The NatWest-Farage row shows political intervention will continue until banking governance becomes more muscular
Financial & markets regulation
The White House’s war on methane
Also in today’s newsletter, IRA lures European solar manufacturer to new US facility over German expansion
Renewable energy
Emerging market bonds: peers show Powell better turn of speed
Investors have started taking note of the best-performing fixed income investments so far this year
Central banks
Meta: $88bn asset stack sets vast payback challenge
Efforts to monetise VR have been poor and there is no timeline for breaking even
Social Media
ITV looks to sell more content to US if Hollywood strikes continue
Media group going through the ‘worst advertising recession’ since the financial crisis
Advertising
Turkish inflation forecast to more than double to 58% by end of year
Central bank has doubled interest rates in past two months but many economists say more must be done
Central banks
Barclays profits hit by drop in dealmaking
Improvement in retail business offsets tougher quarter at investment bank
Investment Banking
Federal Reserve raises US interest rates to highest level in 22 years
Central bank implements quarter-point increase as inflation concerns linger
Central banks
BNP Paribas earnings boost clipped by charges
Litigation and restructuring costs at eurozone’s biggest bank curb strong momentum
Investment Banking