‘Higher-for-longer’ rate debate to dominate Jackson Hole meeting
Rate-setters’ caution remains ahead of annual gathering, despite recent dip in inflation
Central banks
The red flags surrounding Arm’s IPO
Plus, Microsoft-Activision Blizzard make a big concession and the SEC’s brewing crackdown on private capital
Mergers & Acquisitions
Supply chain shortages delay tech sector’s AI bonanza
Server production hampered by tight stocks of Nvidia processors and other components
Artificial intelligence
Property with perks: rich homebuyers embrace the branded residence
Apartments adjacent to hotels have access to in-room services and other luxury facilities
Luxury goods
UK to proscribe Wagner group within weeks, say government insiders
Move comes after criticism that ministers have delayed cracking down on paramilitary network’s activities
Terrorism
Teva Pharma: generics titan attempts to put the stopper in legal problems
Drugmaker enters into deferred prosecution agreement with the US Department of Justice over criminal price-fixing scandal
Mergers & Acquisitions
BASF signs long-term LNG deal with Cheniere of the US
German companies are rushing to ink agreements with American exporters after the country abandoned Russian gas
Shale Oil & Gas
Crypto has ‘amplified financial risks’ in emerging markets, central banks warn
Currency’s appeal as a low-cost solution for countries with high inflation is ‘illusory’, says BIS
Financial & markets regulation
Engineer Wood Group lifts guidance after ‘significant contract wins’
Move comes despite UK oil engineering company posting 26% fall in first-half operating profits
Mergers & Acquisitions
23andMe: DNA testing kit company needs drug discovery
Money for research will be required but salvation may come from a partnership with GSK
Mergers & Acquisitions