ByteDance’s virtual reality division announces restructuring and staff cuts
Move by TikTok owner reflects downturn in a market that has been eclipsed by AI boom
Virtual and Augmented Reality
N26 to withdraw from Brazil as German fintech ditches overseas ambitions
Online bank to focus on Europe in effort to reduce losses
Fintech
Bowlero: selling boozy strikes turns into roll-up opportunity
The bowling alley operator is relying on food, drink and music to help fill its lanes
Travel & leisure industry, Mergers & Acquisitions
Short sell bans: Korea’s blunt market tool has a political aim
Market curbs are often welcomed by retail investors who sometimes see short sellers as vultures
Financial & markets regulation
FRC further dilutes long-awaited UK corporate governance reforms
Accounting watchdog said move was designed to protect ‘economic growth and competitiveness’
Financial & markets regulation
French AI start-up Mistral emerges as latest target of investor frenzy
Six-month-old group is in funding talks that value it at between €1.5bn and €2bn amid high interest in its models
Artificial intelligence
Should we believe what central bankers are saying?
There has been a lot of talk in recent weeks — not all of it was informative
Central banks
LG branches out from TVs and dishwashers to launch AI-run ETF
Conglomerate is partnering with SoftBank-backed quantitative manager to test a large-cap fund
Artificial intelligence
Albemarle warns of losing lithium market share to China as prices fall
World’s biggest producer has scaled back its growth plans at a time when Chinese rivals pursue development
Electric vehicles
Man United investors left in the dark over club’s fate, says top shareholder
UK fund manager Nick Train lashes out at ‘extraordinarily convoluted’ sales process on FT’s Money Clinic podcast
Travel & leisure industry, Mergers & Acquisitions