US money market funds face fees to deter a ‘dash for cash’ repeat
Divided Securities and Exchange Commission adopts rule targeting ‘prime’ funds in $5.4tn industry Financial & markets regulation
Lebanon central bank deputy calls for urgent replacement of departing governor
Salim Chahine says successor to Riad Salameh must be named soon to avoid further slide in the volatile poundCentral banks
Elon Musk launches xAI in challenge to dominance of ChatGPT owner
Tesla boss formally enters artificial intelligence race in effort to catch up with OpenAI and rivalsArtificial intelligence
BP to make €6.8bn investment in German offshore wind power
Licence win seen as sign of energy major’s commitment to growing its renewables businessRenewable energy
All hail older workers
Why forward-looking employers are investing in the over-50s, plus the Office Therapy advice columnWork-life balance
Egypt announces $1.9bn sale of state assets
First significant privatisations aimed at raising foreign currency revenue to shore up its poundMergers & Acquisitions
Hipgnosis: discordant feedback gives Merck a tough gig
Song fund has a steep and persistent valuation discountMergers & Acquisitions
Microsoft and Activision exploring changes to $75bn deal, says UK regulator
Restructured transaction could trigger a fresh antitrust probe, says Competition and Markets AuthorityMergers & Acquisitions
Microsoft-Activision ruling represents setback for FTC chair Lina Khan
Competition watchdog has sought to prevent Big Tech from expanding its market powerMergers & Acquisitions
Illumina hit with record €432mn fine for ignoring EU concerns over Grail deal
US gene sequencing company proceeded with acquisition of cancer test developer even as regulators were probing dealMergers & Acquisitions