London Stock Exchange Group teams up with Microsoft to develop AI models
UK exchange operator says it is working with US group in effort to harness new technology
Artificial intelligence
Worldcoin/Altman: lowballing for eyeballs will not brake AI juggernaut
Start-up has raised far less in funding than OpenAI, and is yet to present a convincing business model
Fintech
Citi investment bank head Paco Ybarra to leave after 36 years at lender
Departure of top executive comes amid restructuring by chief executive Jane Fraser
Investment Banking
Separating the haves and have-yachts
Among the UHNW, big-boat buying has been on the slide
Luxury goods
Rolls-Royce profits surge on global travel rebound
Chief executive reports ‘good progress’ as group reports fivefold increase to £673mn
Aircraft manufacturing
ECB dove says inflation battle can be won without more interest rate rises
Fabio Panetta argues maintaining rates for extended period will avoid risk of damaging economy
Central banks
Nintendo: Mario movie means Switch keeps on giving
The console is old but its enduring popularity means the group saves on development and marketing costs
Travel & leisure industry
A ‘revival’ in US nuclear industry’s fortunes?
Also in today’s newsletter, deadline on US clean hydrogen guidelines looms
Renewable energy
GAM urges shareholders to accept Liontrust takeover as outflows rise
Activist investors say the offer undervalues the Swiss asset manager’s potential as deadline looms
Mergers & Acquisitions
Miu Miu’s very good year
Long referred to as “Prada’s little sister”, Miu Miu’s growth is now outpacing Prada’s as it bets on accessories and China
Luxury goods