FDIC hires law firm to investigate allegations of ‘toxic atmosphere’
US banking regulator’s chair says it will not ‘turn a blind eye’ to report of harassment and discriminationFinancial & markets regulation
AI robot uses meteorite from Mars to help make oxygen from water
Chinese experiment raises hopes for viability of mission to red planet and planetary colonisation Artificial intelligence
UK M&A laws: tweak government has no power to rally animal spirits
Nervous tinkering will have little impact on deals and stock market valuationsMergers & Acquisitions
The Block sold to Foresight Ventures in deal worth $70mn
Singapore venture capital group takes 80% stake in crypto media groupDigital Media, Mergers & Acquisitions
General Atlantic takes controlling stake in Joe & the Juice
Private equity firm agrees deal that values Danish sandwich chain at about $600mn Travel & leisure industry, Mergers & Acquisitions
German car parts supplier Continental to cut thousands of jobs
Group aims to save €400mn as it battles to remain competitive in electric vehicle eraElectric vehicles
Exxon to begin producing lithium to feed surging battery demand
Biggest western oil producer to extract the metal from Arkansas starting in 2027 for use in EVs and energy storageBatteries
Battery recyclers set to take centre stage
Governments count on metals recycling boom for energy securityBatteries
Brazil’s sinking city weighs on Latin America’s largest petrochemicals producer
Despite earlier payouts Braskem still faces legal action over geological disaster that forced tens of thousands to evacuate Chemicals
Carmakers step up EV discounts in bid to stem global demand slowdown
Sharp deceleration in sales growth as mainstream buyers’ appetite proves weaker than expectedElectric vehicles