Siemens Energy shares drop 30% on wind turbine problems
Energy group withdraws profit guidance for the yearRenewable energy
Italian oil major Eni buys Neptune Energy for $4.9bn
Carlyle-backed group in European sector’s biggest cash deal for almost a decadeMergers & Acquisitions
British retail sales grow as consumers spend on summer goods
Volume rose 0.3% between April and May, exceeding economists’ forecastUK retail sales
KKR’s €22.5bn Telecom Italia offer gets tested
Plus, a German tech entrepreneur cashes in and Singapore’s GIC bolsters its bets on US private assetsMergers & Acquisitions
Investors at risk in absence of adequate US crypto regulatory regime
SEC rulebook makes it difficult to register as a securities exchangeFinancial & markets regulation
Eddie Wu prepares to run tech empire built with mentor Jack Ma
Alibaba co-founder to take the reins and preside over its break-upEcommerce
Central banks’ battle with inflation enters a new phase of ‘pain’
Economists warn that recession will be the price of hitting 2% goalsCentral banks
TikTok operating chief Pappas to step down after five years
Shake-up comes as social media platform faces mounting regulatory pressure in USSocial Media
Germany locks in more US natural gas as it shuns Russian supply
State-owned group formed from Gazprom assets to purchase 2.25mn tonnes annually for 20 yearsShale Oil & Gas
PayPal/KKR: payment group finds willing buyer for its specialist assets
Buyout group’s purchase of loans gives the online company some breathing roomMergers & Acquisitions