India gears up for multibillion-dollar battery subsidies
Authorities in New Delhi seek to accelerate large coal consumer’s transition to clean energyRenewable energy, Batteries
ECB’s Fabio Panetta to become head of Italy’s central bank
Rome could face battle with smaller eurozone nations to choose his replacementCentral banks
Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds
Firm said it would shift funds to rivals following sexual assault claims against its founderMergers & Acquisitions, Financial & markets regulation
Lordstown Motors: EV maker’s ruin is among Spac blowbacks that will endure
Start-up is one of several companies that burnt through cash raised via special purpose acquisition companies Electric vehicles
Kering/Creed: posh perfume buy embraces luxury gap doctrine
€5bn market for ultra-pricey brands is expanding at 15 per cent a year, three times faster than rest of fragrance marketMergers & Acquisitions
Renault/Ampere: corporate giants cut loose their energy transition lifeboats
EV manufacturer Ampere may ultimately be worth more to its parent as a division than a demergerMergers & Acquisitions
US dollar to maintain dominance over next decade, say central banks
OMFIF survey points to only ‘gradual’ decline in dollar’s share of global reserves, despite calls for alternatives Central banks
Yen slide fuels speculation over government intervention
Japanese authorities promise to ‘respond appropriately’ if currency drop becomes excessiveCentral banks
‘Entrenched inflation’ drives 4mn Nigerians into poverty, says World Bank
President Bola Tinubu’s agenda offers opportunity to boost growth and reduce hardship levels, says lender Central banks
Brookfield offers to buy insurer American Equity for $4.3bn
Deal would end tension with Canadian asset manager amid consolidation wave in annuities industryMergers & Acquisitions