Binance crypto exchange hit with US criminal charges
Anti-money laundering and sanctions breaches alleged in case unsealed in federal court
Financial & markets regulation
OpenAI directors in talks with Sam Altman on rejoining board
Effort to unify generative artificial intelligence group follows pressure from staff and investors
Artificial intelligence
Federal Reserve officials showed little urgency to raise interest rates further
But minutes from November meeting of US central bank also reveal consensus that policy must remain ‘restrictive’
Central banks
Telegraph auction paused while Lloyds reviews RedBird IMI offer
Former minister David Davis among those calling for greater scrutiny of proposed deal
Mergers & Acquisitions
France signals willingness to loosen new rules on EV sales with UK
Paris seeks to defuse row with London over post-Brexit tariffs within ‘coming weeks’
Electric vehicles
Siemens Energy plans €400mn in cuts at struggling wind turbine business
Move comes after group was forced to accept €15bn state-backed rescue package
Renewable energy
Stellantis and China’s CATL in talks over European battery plant
Agreement reflects pressure carmaker is under to lower the cost of its electric vehicles
Electric vehicles, Batteries
China approves $69bn Broadcom-VMware merger
Beijing clears regulatory hurdle holding up tech deal as trade tension eases with Washington
Mergers & Acquisitions
BoE governor warns markets not to expect UK inflation to fall quickly
Andrew Bailey says investors are underestimating the ‘potential persistence’ of price growth
Central banks
Emerging economies deserve praise for their monetary policy moves
Central banks in advanced markets have lessons to learn from Latin America and Asia, though caveats should be noted
Central banks