Cost and infrastructure concerns put brake on electric vehicle growth
Mass-market consumers hold off purchases amid high interest rates and patchy charging station coverage
Electric vehicles
Managing Climate Change
As world leaders meet in Dubai for COP28, success will depend on whether there is a global agreement to dump all fossil fuels.
Renewable energy
Occidental Petroleum emerges as lead contender to buy CrownRock
US oil producer seeks assets in prolific Permian field as sector consolidates
Mergers & Acquisitions
Encouraging vital voices to speak up in the boardroom
Group dynamics can deter members from speaking out, so how do we empower them?
Business education
Microsoft will have observer role on OpenAI’s new board
Key investor in generative AI start-up seeks to strengthen corporate governance after week of tumult
Artificial intelligence
Online-only bank N26 expects profit next year after customer limit eased
Berlin-based start-up halves losses after investing in fraud prevention and anti-money laundering controls
Fintech
Elon Musk delivers diatribe against advertisers over X boycott ‘blackmail’
Outburst by social media platform’s billionaire owner comes during chaotic interview following antisemitism controversy
Advertising, Social Media
Why are US banks hoarding liquidity?
Bank reserves should in theory be declining with QT, but they’re not
Central banks
Cigna and Humana in deal talks to create US health insurance giant
Any combination would likely encounter tough antitrust scrutiny
Mergers & Acquisitions
Farfetch shares plunge despite talk of founder taking it private
Online luxury retailer tells investors past forecasts ‘should no longer be relied upon’
Ecommerce, Luxury goods