ECB warns of tougher fines for banks that ‘drag their feet’ on fixing flaws
Top official points out need to supervise climate and systemic risks
Central banks, Financial & markets regulation
CATL/Duke Energy: too wired into markets to become the next Huawei
Finding alternatives to Chinese suppliers could mean added costs for US buyers
Batteries
AJ Bell profits up after boost from interest earned on customer cash
UK investment platform says gilts have been very popular this year
Fintech
Yen leaps to three-month high as traders bet on BoJ rate rise
Central bank governor Kazuo Ueda fuels speculation of end to negative rates with comments to parliament
Central banks
Digital advertising is still far too murky
Platforms must open up and let marketers see where their ads are being placed
Advertising, Social Media
COP28 shines spotlight on nuclear power
Also in today’s newsletter, a new documentary on how Biden’s landmark climate law changed the world
Renewable energy
UAE’s top AI group vows to phase out Chinese hardware to appease US
Abu Dhabi-backed G42 says it ‘cannot work with both sides’ and retain access to American-made AI chips
Artificial intelligence
Arctos takes stake in Paris Saint-Germain to value club at more than €4bn
Qatari owners bring in sports-focused US private equity group
Travel & leisure industry, Mergers & Acquisitions
UK regulators propose more robust oversight of banks’ cloud computing providers
Bank of England launches consultation on new rules governing tech groups supplying critical IT services
Financial & markets regulation
China’s CATL denies ‘espionage threat’ accusations
Electric-vehicle battery maker’s technology disconnected from US military base
Batteries