KPMG restructuring spin-off Interpath falls to £10mn loss
Private equity-backed business hit by rise in staff and financing costs
Mergers & Acquisitions
Eurozone banks ‘greenwash’ loans to big polluters, ECB says
Lenders are ‘reluctant to disrupt’ relations with large CO₂ emitters
Financial & markets regulation
Tui considers delisting from London
Anglo-German tour operator has been approached by investors over listing structure
Travel & leisure industry
Europe’s far right surges in race for next year’s EU elections
Also in this newsletter: the final stretch in the EU’s race to regulate AI
Artificial intelligence
Apple moves towards India-made iPhone batteries in push away from China
Tech giant wants suppliers to build key component in India as part of broader effort to diversify supply chain
Batteries
Société Générale to become first big bank to list a stablecoin
French lender launches trading of token fully backed by euros on Bitstamp exchange
Fintech
Economists see Fed keeping rates at 22-year high until at least July
FT-Booth survey respondents think US central bank will remain more hawkish than market expects
Central banks
Return of rich tourists and weak yen helps Japan escape luxury downturn
Country has remained a bright spot for top-end spending despite slowdown in many other markets
Luxury goods
A failed property empire sheds its party planners and jet crew
Plus, bankruptcy protections face a Supreme Court test and Toyota fuels rising hopes of a governance revolution in Japan
Mergers & Acquisitions
GitLab: AI tools are key to raising net retention rates
The technology can help software development company expand the range of services clients buy
Artificial intelligence