Japan’s biggest power company seeks investors to boost renewables
LNG importer Jera needs ‘huge investment’ to make renewables and hydrogen into significant business linesRenewable energy
Reach blames digital sales drop on changes in Facebook’s news distribution
UK publisher reports drop in pre-tax profits from £32mn last year to £6.7mn Digital Media
Apollo embraces its softer side
Plus, a private equity who’s who gathers in China and one of Deutsche Bank’s most troubled acquisitions finds light at the end of the tunnelMergers & Acquisitions
Sam Altman’s vision for AI puts him on collision course with government
OpenAI chief is leading projects he thinks will prepare the world for artificial general intelligence, but is attracting regulatory scrutinyArtificial intelligence
US security officials scrutinise Abu Dhabi’s $3bn Fortress takeover
Cfius previously intervened on SoftBank’s acquisition of the US investment firm Mergers & Acquisitions
EY’s US general counsel quits
Resignation comes as firm nears conclusion of investigation into failures related to the handling of a staff cheating scandalFinancial & markets regulation
Bank of Japan must respond to increasingly sticky inflation
Accommodative monetary policy stance no longer makes sense Central banks
UK to tighten rules over illegal content on internet platforms
Social media and adtech groups to be given more responsibility for policing scams and what is seen by childrenAdvertising, Social Media, Digital Media
Telegraph results boost sale prospects for new owners Lloyds
Surging profits will be used for basis of bids that could fetch between £400mn-£700mnMergers & Acquisitions
LVMH becomes late addition to running order of Paris Olympic sponsors
Deal with luxury group will help bridge budget gap for organisers of 2024 games Luxury goods