Big Law follows private sector into space race
DLA Piper is the latest firm to open a practice group dedicated to the rapidly growing industry
Space industry
FirstFT: ‘The beginning of the end’ of fossil fuels
Also in today’s newsletter, Norway’s oil fund becomes top UBS shareholder and US Republican megadonors seek anti-Trump champion
Renewable energy
Orsted faces reckoning over big bet on US offshore wind industry
Danish company raced into American market but faces multiple challenges
Renewable energy
Italian sell-offs: state will keep fingers in many pies
But we are firmly in the realm of tinkering while Rome burns
Mergers & Acquisitions
Metro Bank admits capital relief delayed
UK challenger lender has spent years seeking approval to use internal models to cut charges
Financial & markets regulation
Gstaad Guy, the man who turned a lifestyle parody into a luxury brand
His Insta alter egos lampoon the ultra wealthy. So why are the people he mocks begging him for more?
Luxury goods, Social Media
Generative AI exists because of the transformer. This is how it works
The technology has resulted in a host of cutting-edge AI applications — but its real power lies beyond text generation
Artificial intelligence
The Barclay family, the banks and the billion-pound debt
How a decade-long effort to restructure loans extended to the reclusive businessmen’s empire culminated in Lloyds Banking Group seizing control of a national newspaper
Mergers & Acquisitions
World at ‘beginning of end’ of fossil fuel era, IEA says
Global demand for oil, natural gas and coal expected to peak before end of 2030
Shale Oil & Gas, Renewable energy