How Silicon Valley reunited Sam Altman and OpenAI
With the AI start-up’s future in peril, venture capitalists mounted an extraordinary campaign to reinstate the charismatic CEO
Artificial intelligence
South Korean EV battery makers lay off workers and scale back investments in US
LG Energy Solution and SK On slowing their expansion in response to sluggish demand
Electric vehicles, Batteries
Nissan set to build two new electric models at its Sunderland plant
Japanese carmaker expected to invest £1bn and allay any uncertainty over future of its UK factory
Electric vehicles
AI and quantum research at centre of UK science and tech announcements
Government to boost spending on computing power by £500mn to develop artificial intelligence
Artificial intelligence
UBS chief Sergio Ermotti calls for tougher sanctions on negligent bankers
Banker urges greater power for Swiss regulators in wake of Credit Suisse collapse
Financial & markets regulation
New low-carbon generating schemes exempted from UK windfall tax
Move is one of several steps taken by the government aimed at boosting investment in clean energy
Renewable energy
Bob Diamond’s Atlas Mara sued over Zambian bank deal
Lawsuit against lender co-founded by ex-Barclays chief alleges breach of acquisition terms
Mergers & Acquisitions
UK sales of EVs forecast to halve on back of higher interest rates and lower fuel costs
OBR expectations suggest car industry will miss government sales targets next year
Electric vehicles
Enel: capital light strategy will help swerve borrowing trouble
The new Enel looks much more like an old-style utility than a pioneering investor in renewables
Renewable energy
European Commission fines Rabobank €26.6mn over bond trading cartel
Deutsche Bank avoids penalty of almost €156mn after revealing existence of collusion
Financial & markets regulation