Shorter US settlement times have European ETFs rushing to be ready
Moving to a one-day settlement cycle is likely to increase costs for the continent’s asset managersFinancial & markets regulation
Vinted weighs €200mn share sale as sustainable fashion booms
Europe’s top online marketplace for used clothes is working with Morgan Stanley to consider its optionsEcommerce
Microsoft: early investment in generative AI pays off
Rapid cloud expansion meant it exceeded predictions of slowing growth across the businessArtificial intelligence
Microsoft’s edge in AI pays off while Google tries to catch up in the cloud
Big Tech giants deliver contrasting performances in latest earnings reportsArtificial intelligence
Alphabet revenue beats forecasts despite softer than expected cloud growth
Google parent’s shares fall after earnings report leaves investors underwhelmedArtificial intelligence
Kering sales slump casts doubt over Gucci reboot
French group says margins will remain under pressure as it spends to revive brandsLuxury goods
GM’s Cruise driverless vehicles banned from California roads
Decision deals a blow just months after regulators cleared the way for robotaxis to operate in San FranciscoDriverless vehicles
US states accuse Meta of ‘manipulative’ practices towards young users
Dozens of attorneys-general bring action against Facebook and Instagram-parent over years of alleged ‘harmful’ featuresSocial Media
GM says strike has cost $800mn as 5,000 more workers walk out
United Auto Workers target lucrative factory for Suburban and Escalade models in widening actionElectric vehicles
Spotify swings to profit after cutting costs and raising prices
Audio streaming service adds 6mn subscribers in latest quarter, above Wall Street forecast of 4mnDigital Media