Stellantis to deepen cost cuts to fend off Chinese carmakers’ ‘invasion’ in Europe
Fiat owner posts record first-half revenues but chief executive warns Chinese EVs are 25% cheaper
Electric vehicles
Amazon proposes changes to appease UK competition regulators
US tech giant addresses CMA concerns with proposed measures for third-party sellers on its marketplace platform
Ecommerce
PacWest/Banc of California: how banks can be rescued without government-brokered windfalls
Beverly Hills-based regional lender is valued at just $1bn — but at least its shareholders aren’t stuck with zero
Mergers & Acquisitions
Out of office: the rise of the ‘workcation’
Companies including Google and Citibank are allowing staff to work from other locations in summer
Work-life balance
Greek wildfires and your holiday rights
Holidaymakers heading to Rhodes and Corfu this summer could struggle to get a refund
Travel & leisure industry
The Lex Newsletter: tech’s magnificent seven ride to the rescue
Top technology groups are leading the US market rally but AI development offers both potential and pitfalls
Artificial intelligence
Top tech companies form group seeking to control AI
Anthropic, Google, Microsoft and OpenAI team up to establish best practices but critics argue they want to avoid regulation
Artificial intelligence
Aston Martin losses narrow on sales boost
Business stuck in the red because of higher spending on sports cars and electric model
Electric vehicles
Rolls-Royce shares surge after upgrade in profit forecast
Turnaround plan starts to bear fruit as FTSE 100 engineering group delivers improved performance
Aircraft manufacturing
Matt Moulding’s THG in talks to buy business newspaper City AM
Acquisition would mark a departure for London-listed ecommerce group
Mergers & Acquisitions