Canada’s Alpha Auto to buy UK dealership Lookers for £465mn
Board backs deal with privately owned groupMergers & Acquisitions
Northvolt receives $400mn funding from Canadian pension fund
Investment Management Corporation of Ontario to boost Swedish battery start-up’s international expansionMergers & Acquisitions
What is happening with Abramovich’s frozen cash?
Plus, Italy strips China’s Sinochem of its powers at Pirelli and Manchester United’s billionaire owners must make a decisionTravel & leisure industry
Adobe’s $20bn deal to acquire Figma under threat from EU investigation
Transaction faces lengthy antitrust probe in Brussels as global watchdogs signal concern over market consolidationMergers & Acquisitions
Abu Dhabi’s ADQ held talks to acquire Lazard
Move underlines oil-rich emirate’s ambitions to acquire a western financial services companyMergers & Acquisitions
Asset managers pressure tech companies over possible AI misuse
Financial firms worried about liability for human rights issues associated with the burgeoning technologyArtificial intelligence
Alibaba replaces longtime chief and chair in management shake-up
Head of Taobao and Tmall shopping sites to succeed Daniel Zhang, who will focus on cloud businessEcommerce
The bull run in emerging market currencies can extend
Dollar strength has masked outperformance against other developed economies’ currenciesCentral banks
Will a Bank of England rate rise be enough to calm UK markets?
Traders and economists hoping for clues to how the central bank will tackle persistent inflation and spiralling mortgage rates Central banks
UK warned against being ‘overly reliant’ on Chinese EV batteries
Badenoch speaks out as deal between Tata and China’s Envision for Britain’s second big factory expected soonElectric vehicles, Batteries