Ørsted: ill wind blows no good for developer that bungled estimates
Investors need to take a long, hard look at the performance of senior management
Renewable energy
US, China and 26 other nations agree to co-operate over AI development
Signatories at inaugural UK summit pledge in ‘Bletchley Declaration’ to ensure the technology is developed in ‘human-centric’ way
Artificial intelligence
The BoJ is, or isn’t, playing a blinder
Deutsche Bank sees danger for the yen
Central banks
Microsoft pioneers standard use of generative AI but at a fee
Software group’s Copilot release will test companies’ willingness to pay a high price for the technology
Artificial intelligence
The Lex Newsletter: UK’s battered wind energy sector will renew itself
Despite recent setbacks, the pressure to decarbonise will spur clean energy investment
Renewable energy
Virgin Media O2 cuts revenue guidance as consumers curb spending
UK telecoms group warns customers are less willing to upgrade or buy new phones
Mergers & Acquisitions
US House panel seeks ban on federal purchases of Chinese drones
Latest congressional move comes amid mounting fear of Beijing’s security threat
Drones
Atom takes valuation hit as it raises £100mn in new equity
Digital bank valued at £362mn in latest funding round, down from £435mn last year
Fintech
Ørsted shares tumble after company ditches two US wind projects
Danish developer will take a charge of $4bn as challenges at its US business deepen
Renewable energy
US Federal Reserve set to hold rates steady at 22-year high
Central bank meets as Israel-Hamas war and surge in bond yields complicate inflation battle
Central banks