Elon Musk and the privatisation of defence
Governments have abdicated responsibility as billionaires become geopolitical actors
Space industry
Volkswagen weighs up ending Polo production in Europe
Future of small car in doubt because of rising cost of petrol engines and falling price of electric vehicles
Electric vehicles
Electric vehicle uptake faces major obstacles, despite rosy projections
Also in today’s newsletter, extreme weather spells trouble for Asian textile producers
Electric vehicles
Public confidence in Bank of England’s inflation strategy hits record low
Central bank receives worst rating since 1999 ahead of vote on new interest rate rise
Central banks
SEC charges Stoner Cats in latest move against NFTs
Plus, updates on Binance and Three Arrows
Financial & markets regulation
How social media killed the protest
For a certain kind of activist, politics has been reduced to pure performance
Social Media
Miami firm 777 Partners agrees to buy Everton football club
Deal marks the latest American investor to buy into the English Premier League
Travel & leisure industry, Mergers & Acquisitions
EU warns of ‘possible’ Chinese retaliation over electric car probe
Brussels is wary that Beijing could target specific sectors in individual countries of the bloc
Electric vehicles
The financial replication crisis revisited
Academic aggro
Fintech
Will higher interest rates leave economic scars?
Two new studies argue that even if they depress inflation, they could hurt innovation and growth
Central banks