LNG pioneer Charif Souki leaves Tellurian with $8mn after ousting
Co-founder of US gas export developer failed to repeat previous success at Cheniere Energy
Shale Oil & Gas
Ørsted to press ahead with world’s largest offshore wind farm in North Sea
Hornsea 3 project off the Yorkshire coast will be able to supply power for about 3.3mn homes.
Renewable energy
Latvia’s ex-central bank chief sentenced to 6 years’ jail for corruption
Ilmārs Rimšēvičs guilty of taking bribes and a fishing trip to Russia from a commercial bank
Central banks
UK to sign post-Brexit financial services deal with Switzerland
Agreement will make it easier for corporate and wealthy clients in the two markets to do business with each other
Financial & markets regulation
BASF names China head Markus Kamieth as chief executive
German chemicals group has been grappling with high costs, low demand and falling earnings, especially in Europe
Chemicals
AI machine cannot be called an inventor, rules UK court
Ruling ends long-running case as judges conclude that an ‘inventor’ must be a ‘natural person’
Artificial intelligence
General Atlantic in talks to buy UK infrastructure investor Actis
US private equity firm is seeking to diversify and grow its asset base ahead of possible listing
Mergers & Acquisitions
Bonus cap raises uncomfortable choice for Europe’s banking lobby
Souring relations with European Commission over such an unpopular issue would risk progress on bigger regulatory battles
Financial & markets regulation
Elon Musk’s X in political advertising push to offset revenue falls
Plans for new political ads team to hit $100mn in sales ahead of US presidential election are met with industry scepticism
Advertising, Social Media
There is more to AI regulation than safety
Recent debates about the technology also concern the kind of civilisation we want to create for ourselves
Artificial intelligence