UK SFO opens criminal probe into collapsed funeral care provider
Safe Hands went into administration last year with £70.6mn in outstanding claims
Financial & markets regulation
ExxonMobil agrees to buy shale group Pioneer in $59.5bn deal
Acquisition is biggest in oil supermajor’s history and expected to herald wave of consolidation
Shale Oil & Gas, Mergers & Acquisitions
SOMA’s new supremo says QT is going swell
The journey from ‘abundant’ to ‘ample’
Central banks
Chinese Tesla rival Xpeng suspends executive over alleged corruption
The carmaker suspended the vice-president following an internal investigation
Electric vehicles
Czech minister warns over attacks by newspaper co-owned by Daniel Křetínský
Jozef Síkela accuses billionaire of using his media assets to criticise government’s acquisition of gas pipeline operator
Mergers & Acquisitions
European investors count the cost of US ‘meme stock’ clean-up
Banks and fund managers face shorter window to finalise deals as US reforms its securities market
Financial & markets regulation
US auto salvage industry braces for impending bounty of junk EVs
Companies that wrench apart and shred old cars prepare for ‘fundamental shift in recycling’
Electric vehicles, Batteries
Private equity’s borrowing binge faces scrutiny
Plus, Warburg Pincus sticks to its buyout roots and the UBS/Credit Suisse lawsuits pile up
Mergers & Acquisitions
Elon Musk’s vision for free speech on X tested by Israel-Hamas war misinformation
Platform’s owner contends with a wave of false or misleading content that has alarmed EU officials and advertisers
Social Media
Why China ‘de-risking’ brings its own business risks
Professor’s briefing: companies must consider the implications of shifting supply chains
Business education