US Steel puts itself up for sale after receiving unsolicited bids
Offers ranged from possible acquisition of the whole company to specific assetsMergers & Acquisitions
Daily Mail owner confirms interest in Telegraph auction
DMGT joins a long list of potential bidders in an expected September sale of UK media groupMergers & Acquisitions
Korea battery materials maker onshores China supply chain to win US subsidies
Posco’s battery materials chief says company is targeting the growing EV market Electric vehicles, Batteries
Multinationals turn to generative AI to manage supply chains
Geopolitical tensions and new laws requiring companies to monitor environmental and human rights abuses in their supply networks drive interestArtificial intelligence
Meta’s Twitter rival Threads unravels
Other charts of the week: Tube ridership, European wolf population, scrutiny of savings and mortgage rates and voters’ opinions on nationalisationSocial Media
Disney turns to gambling
Also in this week’s newsletter: a tale of two football takeovers, and Wiegman’s challengeTravel & leisure industry, Mergers & Acquisitions
Hollywood calls time on golden era of cheap streaming
Top studios turn screws on customers with price rises that rival expensive cable TV bundlesDigital Media
Bonds are no longer the safe option
In 2023, US equities have wiped the floor relative to the government IOUs Central banks
Business travel recovery stalls as companies look to cut costs and emissions
Industry has previously been able to rely on big companies paying high prices for flexible bookingsTravel & leisure industry
Long-awaited auditor report slams governance at Lebanon central bank
Report describes an institution mired in opaque practices, bad governance and lacking adequate risk managementCentral banks