Author: Arabian Media staff
One thing to start: Apollo Global Management has told graduates that it will delay recruiting for junior associates until next year, after a stand-off between Wall Street banks and private equity firms over how they secure young talent.And another thing: Credit Suisse’s former global head of asset management was accused by a board member of the now-defunct bank of giving a “false picture” of its funds tied to Greensill Capital, London’s High Court has heard.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign…
Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system Source link
Absence makes the heart grow fonder — and that seems to be the case with European demand for funds that invest in artificial intelligence. According to Morningstar, the largest market for funds that invest in AI and big data are in Europe, even as the major players are mostly in the U.S. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starbucks shares received the equivalent of a triple shot espresso jolt when the company named Brian Niccol to spearhead a rebound last August. Ten months on, the caffeine buzz is fading amid growing signs that a turnaround of its core US business will take longer and be trickier than initially thought.Selling a stake in its China business could perk up the coffee giant’s shares again. Niccol told the Financial Times that Starbucks was considering bringing in a minority investor and had received…
Image: Dubai Airports Dubai saw a surge in passenger traffic over the Eid al-Adha holiday, with authorities reporting more than 629,000 travellers crossing through its borders. The figures reflect the emirate’s position as a global transit and residence hub. Major General Talal Al-Shanqeeti, assistant DG of the Air Ports Sector, affirmed that the figures recorded during the Eid holiday reflect Dubai’s steadily growing position as a preferred travel hub for passengers from around the world — thanks to the seamless coordination on the ground and the activation of smart systems across all entry points. “We have made it a priority…
The world’s leading artificial intelligence companies are stepping up efforts to deal with a growing problem of chatbots telling people what they want to hear.OpenAI, Google DeepMind and Anthropic are all working on reining in sycophantic behaviour by their generative AI products that offer over flattering responses to users.The issue, stemming from how the large language models are trained, has come into focus at a time when more and more people have adopted the chatbots not only at work as research assistants, but in their personal lives as therapists and social companions. Experts warn that the agreeable nature of chatbots can…
Fake McDonald’s lobbies Putin to block return of western companies Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bangladesh has signalled it could agree financial settlements with tycoons accused by Muhammad Yunus’s interim government of funnelling money out of the country.Central bank governor Ahsan Mansur, who is leading the Bangladesh government’s asset recovery effort, told the Financial Times that settlement was “one of the options” it could pursue in less serious cases.Mansur also said he aimed to raise as much as $100mn to finance future international litigation aimed at reclaiming funds from business and political figures tied to the regime…
Image: Dubai Media Office Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, met with executives from leading UAE-based space startups as part of efforts to expand the country’s private-sector-driven space economy. Sheikh Hamdan, who also serves as Chairman of the UAE’s Supreme Space Council, stressed the importance of long-term investment, innovation, and strategic public-private collaboration in cementing the UAE’s position as a global space hub. “The private sector is leading the space scene in the UAE, reaffirming the maturity of national investments that have been established…
Office space is increasingly in demand in London as financial companies reverse pandemic working policies Source link