Chelsea FC raises $500mn from Ares
Premier League club joins forces with US alternative asset manager as it looks for ways to boost revenue
Travel & leisure industry, Mergers & Acquisitions
BYD: China’s cheap EVs charge up Japanese market
Release of Dolphin model will test loyalty to domestic carmakers
Electric vehicles
The Lex Newsletter: TikTok wants to be Amazon for Gen Z
Social media group is branching out into ecommerce but the US is not the only country with concerns about the app
Ecommerce, Social Media
Cost of UK’s new fleet of armed drones jumps 40%
First of 16 US-made Protector aircraft will enter service late next year as price rises to £1.8bn
Drones
WhatsApp launches in-chat payments service for businesses in India
Parent company Meta seeks to tap its messaging service’s biggest market to boost revenue
Ecommerce, Social Media, Fintech
Can hot IPOs revive the market?
Plus, the CMA takes its power and western companies fret over lost Russian profits
Mergers & Acquisitions
Monzo clients rush to sign up for BlackRock offering
New service will offer online retail bank customers access to three multi-asset funds of funds
Fintech
Emerging AI risks require vigilance from in-house legal counsel
Privacy and accuracy concerns are front of mind for chief legal officers as companies experiment with the technology
Artificial intelligence
US Federal Reserve set to hold rates at 22-year high
Central bank officials will debate how much more to restrain economy at Wednesday meeting
Central banks
UK robotic surgery group raises $165mn
Cambridge-based CMR Surgical aims to break ‘near-monopoly’ held by US group Intuitive Surgical
Artificial intelligence