Silver Lake moves to take talent agency Endeavor private
Value of Ari Emanuel’s group jumps to $14bn as it says it is exploring strategic alternatives
Travel & leisure industry, Mergers & Acquisitions
AI task force sets out scenario of increased UK joblessness and poverty by 2030
Rishi Sunak seeks to reassure on threats posed by advances in technology ahead of summit
Artificial intelligence
Morgan Stanley chooses Ted Pick to replace James Gorman as CEO
Head of investment banking and trading was one of three internal candidates
Investment Banking
Meta reports strong revenue growth as advertising rebounds
Facebook and Instagram parent says it expects expenses to rise next year as it invests in metaverse and AI
Social Media
Athens’ tourist trade is a growing headache for residents
An uncontrollable boom in visitors to the Acropolis and its environs is disrupting daily life
Travel & leisure industry
Payments/Worldline: rough reckoning for sector suffering a tale fail
Digital company blames softer sentiment, particularly in Germany, for its poor performance
Fintech
Surging UK premiums for electric vehicle insurance pose risk to widespread adoption
Difficulties in sourcing spare parts and specialist labour drive sharp rise in costs
Electric vehicles
German regulator to ease draconian growth cap on bank N26
BaFin to allow Berlin-based start-up to 60,000 new clients a month, up from 50,000
Financial & markets regulation
Boeing cuts forecast for 737 Max deliveries after quality lapses
Defence business takes almost $800mn in charges amid struggles with Trump-era Air Force One deal
Aircraft manufacturing
Carnival told to compensate cruise passenger who caught Covid in landmark ruling
World’s biggest cruise company was ‘negligent’ in its handling of outbreak, says judge
Travel & leisure industry