Ferrari lifts profit outlook as buyers pay out to personalise their supercars
Spending on high-margin features such as custom paint jobs offsets continued cost inflationLuxury goods
Arm/SoftBank: chip sector multiple would mean $32bn IPO valuation
Need for more computing power is growing as companies bet on generative AI applicationsArtificial intelligence
Airbus forms joint venture in bid to replace International Space Station
Plane maker and US start-up Voyager join race to build commercial alternatives before ISS is decommissionedSpace industry
Latin America’s central banks set to declare victory in war on inflation
Hard-fought battles with price pressures in the 1980s and 1990s meant rate-setters acted fast when costs soared Central banks
Should an AI bot making $1mn really be the next Turing test?
‘Artificial capable intelligence’ that finds its own route to wealth could have considerable consequencesArtificial intelligence
Air traffic controllers shortage dents airlines’ post-lockdown recovery
Delays and reduced schedules highlight structural problems that will not be easy to fix Travel & leisure industry
Michael Klein: I just want you Spac for good
Plus, BT’s new boss confronts a big turnaround effort and the dealmaking slowdown hits the UK’s elite corporate law firmsMergers & Acquisitions
UK to back plans to speed up construction of power networks
Ministers set to endorse report on how to cut delays to upgrading electricity systemRenewable energy
Cheshire investment group heads for $1.6bn NY listing with Michael Klein
Deal for CorpAcq based in north-west England shows how far Spac sponsors are having to spread their netMergers & Acquisitions
Sarah Breeden appointed deputy Bank of England governor
Internal appointment will lead UK central bank’s work on financial stabilityCentral banks