Hundreds of UK flights cancelled after air traffic control fault
Airlines warn of continued delays after five-hour ‘technical issue’ led to severe restrictions across the country
Travel & leisure industry
BYD’s first-half profits surge despite price war in Chinese car market
Warren Buffett-backed group cements its dominance of domestic electric vehicle sector
Electric vehicles
Didi/Xpeng: EV deal will help both companies speed up profit goals
Tie-up will give carmaker and ride-hailing group a better shot at profitability
Mergers & Acquisitions, Electric vehicles
Eurozone money supply shrinks for first time in 13 years as lending slows
Data will feed into ECB debate over whether it should pause rate rises for first time since July 2022
Central banks
The growing fiscal drag of the BoE’s QE indemnity
Trigger warning: central bank accounting
Central banks
Chinese ride-hailing group Didi to sell self-driving car unit to Xpeng
Da Vinci autonomous driving project faced difficulties obtaining production licence from Beijing
Mergers & Acquisitions, Electric vehicles
China drives Asian lead in global offshore wind as Europe loses top spot
Surge in 2022 installations as Beijing boosts renewable energy while companies in EU run into difficulties
Renewable energy
John Kerry urges oil and gas chiefs to bring climate change plans to UN summit
US climate envoy urges the industry to commit to renewable energy investment and emissions cuts by 2030
Renewable energy
The private capital overhaul arrives
The SEC argues sophisticated investors need protection, too
Financial & markets regulation
US oil pipeline boss ties future to natural gas in pursuit of Oneok merger
Chief of Magellan Midstream sees ‘challenging’ petroleum outlook but strong demand elsewhere
Shale Oil & Gas, Mergers & Acquisitions