Ukraine strikes Russian naval vessel in first attack on oil exports
Moscow downplays scale of damage caused by drone strike on infrastructure in NovorossiyskDrones
WPP cuts revenue forecast as US spending slows
Ad agency lowers guidance as tech companies reduce marketing spendAdvertising
Live News: Maersk predicts long and deep contraction in global trade
Mergers & Acquisitions
Australian regulator blocks ANZ bank’s takeover of Suncorp
ACCC says mergers between smaller lenders preferred to strengthen competition against ‘big four’Mergers & Acquisitions
Chinese deal activity in US slumps to lowest level in 17 years
Geopolitical tensions and national security issues curb enthusiasm for merger and acquisition investmentsMergers & Acquisitions
Vegan products are the wild west of ‘wackaging’
Hey, have you heard the one about the overfriendly oat milk?Advertising
AI frenzy tests Big Tech’s newfound cost discipline
Investment in the burgeoning technology is increasing, but there is uncertainty as to when it will start to pay offArtificial intelligence
Hedge funds lose $6bn betting against cruise lines and hotels
Shares in Carnival, Royal Caribbean and Airbnb have surged as consumers keep spendingTravel & leisure industry
Pay UK households to accept new power lines, report urges
Move could help ease resistance to network projects in drive to wean country off fossil fuels, adviser saysRenewable energy
KKR in talks to buy publisher Simon & Schuster for more than $1.6bn
Paramount has been shopping the company since regulators blocked proposed deal with Penguin Random HouseMergers & Acquisitions