Why the EU is moving to endorse a ‘humanitarian pause’ in Gaza
Also in this newsletter: How the bloc plans to step up defence of its clean tech sector
Renewable energy
China’s EV sector burns bright but cannot offset property’s woes
The ‘high-quality consumption’ Beijing seeks requires difficult structural reforms
Electric vehicles
ECB set to pause rate rises as focus shifts to shrinking balance sheet
Investors say further increase unlikely given near-stagnation of eurozone economy
Central banks
IEA warns energy companies against banking on strong oil demand
Risks stemming from over-investment in fossil fuels have ‘evolved’, says energy watchdog
Shale Oil & Gas, Renewable energy
Why Chevron is inking the biggest deal in its history
Plus, Orcel strikes his first deal at UniCredit and the crisis at Atos begins to snowball
Mergers & Acquisitions
China surveillance group SenseTime sees bid to diversify stymied by US chip curbs
Hong Kong-based AI company faces ‘end of the road’ for data centre ambitions
Artificial intelligence
Novo Nordisk and Eli Lilly hoover up smaller obesity drug groups
Biotech acquisitions this year intended to cement position as market leaders in weight-loss field
Mergers & Acquisitions
Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’
The $53bn deal has sparked speculation that BP and Shell may feel forced to respond
Mergers & Acquisitions
WPP-owned media agency sacks Shanghai-based executive facing bribery claims
Dismissal follows police raid of GroupM China’s offices and questioning of executive and two former employees last week
Advertising
Chevron/Hess: supermajor builds bulk for long game with $60bn buy
Chevron is banking on Hess’s output spiking ever upwards in coming years, as it is projected to do
Mergers & Acquisitions