Meta disbands protein-folding team in shift towards commercial AI
Move to terminate scientific project comes as Facebook parent prioritises moneymaking AI products over blue-sky research
Social Media, Artificial intelligence
Tesla CFO and company veteran Zach Kirkhorn quits
One of Elon Musk’s closest lieutenants will be replaced by accounting chief Vaibhav Taneja
Electric vehicles
PayPal pushes deeper into crypto payments with stablecoin launch
US group unveils PayPal USD in bid to boost take-up of digital currency payments
Fintech
Toshiba: memory lapse leaves investors eager to forget
Buyout will end the succession of turnaround plans with their empty promises to shift away from conglomerate’s legacy businesses
Mergers & Acquisitions
KKR invests in German satellite group OHB
Deal for more than a third of company signals growing US private equity interest in Europe’s space sector
Space industry
Dissecting the Bank of Japan’s ETF splurge
Why isn’t the Topix toppier?
Central banks
Siemens Energy warns of €4.5bn loss from ailing wind turbine division
German group lays bare scale of problems at one of Europe’s largest wind turbine businesses
Renewable energy
The humble heat pump blows a green wave across Europe
Governments grapple with challenges of scarce supply and high costs in bid to cut carbon emissions
Renewable energy
Beijing’s tougher regulations thwart Big Tech’s electric dreams
Overcapacity and EV-maker bankruptcies have led to a throttling back on the issuance of production licences
Electric vehicles
Inconvenient truths about the green transition
Getting rid of carbon and forced labour in clean energy supply chains is costly but necessary
Renewable energy