
Meta buys Manus in a landmark AI agency deal worth over $2bn. The Singapore-based startup’s general-purpose agent technology could redefine how AI works — but success depends on whether Meta can turn autonomy into measurable business value.

December’s US M&A docket favoured scale, infrastructure, and control decisively. Netflix’s $82.7bn Warner Bros. deal set the tone, while IBM paid up for Confluent’s data-streaming backbone. ServiceNow’s $7.75bn Armis move underscored platform-driven security consolidation. Private equity returned via Clearwater Analytics, and Alphabet’s Intersect purchase highlighted power as an AI constraint.

European M&A ended 2025 with disciplined, strategically focused December deals. Orange’s €4.25bn move for full control of MasOrange set the tone. Sanofi and Sweden’s Sobi paid for pipeline clarity, Harman bought German ADAS capability, and Prada’s Versace acquisition underlined that European luxury consolidation remains firmly alive.

December reshaped UK dealmaking, from energy divestments to takeovers worldwide. BP’s Castrol carve-out set the tone, while Smiths, Petrofac, SolGold, and International Personal Finance highlighted continued appetite for UK assets. The month revealed how capital is being deployed — selectively, strategically, and with little tolerance for ambiguity.

China’s ByteDance is preparing to spend $22.7 billion on AI infrastructure in 2026. The TikTok owner’s planned investment underscores Beijing’s determination to stay competitive in artificial intelligence amid US export controls and intensifying Western capital commitments.

Automation is racing ahead of security controls. As AI agents join corporate networks, experts warn that 2026 will test enterprise resilience. ExtraHop’s Jamie Moles says governance, visibility, and culture will define whether businesses stay ahead or get blindsided.

Business Quarter Issue 2 closes 2025 with perspective for leaders. The Q4 edition reflects on a demanding year marked by complexity. It examines leadership craft, organisational resilience, market discipline, and shifting expectations. All with an eye on planning calmly for 2026. Without easy answers, but with clarity and intent intact.

Trang Do is on a mission to redefine modern jewellery. Her London-based brand, Kimjoux, fuses craftsmanship, ethics and emotional depth to create “modern heirlooms” — pieces designed to carry stories, not status. Guided by purpose and personal connection, Kimjoux treats jewellery as legacy, blending artistry and authenticity in equal measure.

Tesla’s November sales slump marks more than a U.S. policy hiccup. Across Europe, its once-dominant market share is eroding fast. The company’s 2025 trajectory suggests a deeper challenge — competition, sentiment, and an ageing product lineup. EV fatigue may be setting in.

Resilience, not technology, defines Marie-Claire Dwek’s leadership at Newmark today. From losing her home in the 1990s crash to returning as CEO of a once-struggling engineering firm, she has turned Newmark Security into a growing, service-led listed business built on human capital protection, recurring revenue, and a promise to herself.