Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A small Italian pension fund is set to play a crucial role in Monte dei Paschi di Siena’s hostile bid for rival Mediobanca after it ploughed almost 70 per cent of its total European equities allocation into the Milanese bank. Enasarco, the private pension fund for trade agents with €9.8bn in assets, built a 2.52 per cent stake in Mediobanca this year, documents reviewed by the Financial Times show. The move, which has prompted accusations of government interference in the takeover bid…

One thing to start: Law firm Quinn Emanuel has sued a listed 3D printing company, claiming it was short-changed on a $30mn fee for winning a legal battle over a troubled merger.More BCG fallout: Two top Boston Consulting Group executives will leave their leadership roles in the wake of revelations about the firm’s work in Gaza.And harsh words from Jamie Dimon: The JPMorgan Chase chief executive warned European leaders they had a competitiveness problem and are “losing” the battle to rivals the US and China. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is…

Britain’s energy regulator is carrying out special monitoring of the National Grid as the company faces questions over whether it is doing enough to maintain key electricity networks.The FTSE 100 company is undergoing quarterly reviews by Ofgem in relation to investment in its network of high-voltage cables, where refurbishment work has been set back by problems including supply chain delays.The reviews began last year, before the fire in March at a National Grid substation that led to the closure of Heathrow airport and thrust the company into the spotlight. The resulting power cut knocked out Europe’s busiest hub for 24…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldGoogle will heavily discount cloud computing services for the US government, as the Trump administration pressures technology groups to slash prices on long-standing, lucrative contracts.The agreement comes after Oracle last week cut a deal with the government, including a 75 per cent discount on some software contracts for a limited period and “substantial discounts” on its wider cloud computing contracts.Google’s cloud contract is likely “to land in a similar spot”, according to a senior official at the General Services Administration…

The country has staged a powerful recovery in the 10 years since it faced near economic collapse Source link

Andreessen Horowitz has had enough of Delaware and is moving a unit’s incorporation out west Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThere are many reasons to feel confused by current American policy. US President Donald Trump keeps issuing “final” tariff threats — then backing down.The White House wants to create industrial jobs — but is gutting the Inflation Reduction Act that was doing just that, mostly in red states. Scott Bessent, Treasury secretary, wants dollar dominance, but has presided over a 10 per cent fall in its value. And so on.However, if you want to feel more baffled, look at markets.…

British advertising group hopes Cindy Rose will revive its fortunes as AI shakes up ad land Source link

After a three-month pause, US president threatens punitive levies on governments and commodities Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India is on track for a record year in initial public offerings after the value of primary listings reached their highest year-to-date level on the back of interest rate cuts and strong domestic demand for equities.The amount raised in primary public flotations so far this year has hit $6.7bn, compared with $5.4bn over the same period last year, making India the world’s biggest IPO market outside the US, according to Dealogic data. Several highly anticipated listings, including Tata Capital’s expected $2bn flotation,…