EU offers battery makers €3bn to jump start electric vehicle industry
Subsidy is part of a deal with the UK to postpone tariffs on EV trade Electric vehicles, Batteries
KPMG restructuring spin-off Interpath falls to £10mn loss
Private equity-backed business hit by rise in staff and financing costsMergers & Acquisitions
Eurozone banks ‘greenwash’ loans to big polluters, ECB says
Lenders are ‘reluctant to disrupt’ relations with large CO₂ emittersFinancial & markets regulation
Tui considers delisting from London
Anglo-German tour operator has been approached by investors over listing structureTravel & leisure industry
Europe’s far right surges in race for next year’s EU elections
Also in this newsletter: the final stretch in the EU’s race to regulate AIArtificial intelligence
A failed property empire sheds its party planners and jet crew
Plus, bankruptcy protections face a Supreme Court test and Toyota fuels rising hopes of a governance revolution in JapanMergers & Acquisitions
Return of rich tourists and weak yen helps Japan escape luxury downturn
Country has remained a bright spot for top-end spending despite slowdown in many other markets Luxury goods
Economists see Fed keeping rates at 22-year high until at least July
FT-Booth survey respondents think US central bank will remain more hawkish than market expectsCentral banks
Société Générale to become first big bank to list a stablecoin
French lender launches trading of token fully backed by euros on Bitstamp exchangeFintech
Apple moves towards India-made iPhone batteries in push away from China
Tech giant wants suppliers to build key component in India as part of broader effort to diversify supply chainBatteries