Meta’s Twitter rival Threads unravels
Other charts of the week: Tube ridership, European wolf population, scrutiny of savings and mortgage rates and voters’ opinions on nationalisation
Social Media
Multinationals turn to generative AI to manage supply chains
Geopolitical tensions and new laws requiring companies to monitor environmental and human rights abuses in their supply networks drive interest
Artificial intelligence
Korea battery materials maker onshores China supply chain to win US subsidies
Posco’s battery materials chief says company is targeting the growing EV market
Electric vehicles, Batteries
Disney turns to gambling
Also in this week’s newsletter: a tale of two football takeovers, and Wiegman’s challenge
Travel & leisure industry, Mergers & Acquisitions
Hollywood calls time on golden era of cheap streaming
Top studios turn screws on customers with price rises that rival expensive cable TV bundles
Digital Media
Bonds are no longer the safe option
In 2023, US equities have wiped the floor relative to the government IOUs
Central banks
Business travel recovery stalls as companies look to cut costs and emissions
Industry has previously been able to rely on big companies paying high prices for flexible bookings
Travel & leisure industry
Owner of UK holiday resort Center Parcs races to seal sale
Advisers to Brookfield try to fashion consortium from remaining bidders
Travel & leisure industry, Mergers & Acquisitions
Long-awaited auditor report slams governance at Lebanon central bank
Report describes an institution mired in opaque practices, bad governance and lacking adequate risk management
Central banks
Investors brace for turbulence as Fed balance sheet shrinks by $1tn
Central bank will continue shedding Treasuries at a time of significant US government borrowing
Central banks