Extreme renting: Santorini’s teachers forced to rough it in Airbnb haven
Tourists flocking to Greek islands and Italian cities are pricing out public sector workers and students
Travel & leisure industry
Green energy groups step up training to close skills gap
Demand surges for workers that can install and maintain heat pumps, solar panels and electric vehicle chargers
Renewable energy
Better (IPO) late than never?
Plus, buyout groups pass distressed portfolio companies to competitors’ credit funds and Blackstone sells private equity to everyday millionaires
Mergers & Acquisitions
Better: over hyped Spac deal has shaky foundations
Merger values mortgage lender at a pre-transaction equity value of $6.9bn
Mergers & Acquisitions
Brain implants give a voice to people who cannot speak
Scientists use electrodes and AI programs to turn thoughts into speech via a lifelike avatar
Artificial intelligence
US regulators to vote on tougher rules for private funds
SEC proposes biggest shake-up of private equity, real estate and hedge funds in more than a decade
Financial & markets regulation
Vanguard share class monopoly faces challenge with unique filing
US investment boutique hopes first application for mutual fund share classes of ETFs will gain approval
Financial & markets regulation
BlackRock’s support for climate and social resolutions falls sharply
Asset manager blames proposals that are ‘overreaching’ or ‘simply redundant’
Financial & markets regulation
The Lex Newsletter: AI translation may supersede AI-aided language learning
But when it comes to fluency, can Duolingo trump an experienced and dedicated teacher?
Artificial intelligence
Ofgem fines Morgan Stanley £5.4mn for WhatsApp violations
UK energy regulator says US bank failed to keep records of traders’ discussion of energy deals on personal phones
Financial & markets regulation