Author: Arabian Media staff
Confusion over how the media giant plans to restructure its debt following a spinoff of cable channels like CNN and TNT have rattled the market for its bonds. Source link
Stablecoins, a fast-growing type of cryptocurrency, are in focus thanks to both new legislation that is making progress in the U.S. Senate and Circle’s well-received debut as a public company last week. Source link
It’s bullish when insiders invest their own money into their companies — especially when those executives and directors have a record of savvy timing. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.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. Private equity groups had increasingly been hiring recent graduates with start dates two years later, allowing them to first complete a training programme at an investment bank. But the practice had become a source of friction with Wall Street’s top banks, with JPMorgan Chase telling its incoming investment…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.WhatsApp has joined a legal challenge against the UK government’s demand to force Apple to create a “back door” in its security systems, as the Meta-owned group becomes the first Big Tech company to intervene in the case. Will Cathcart, who runs WhatsApp, on Wednesday blasted the UK’s “secret order” that he said undermined the security of British citizens. “This case could set a dangerous precedent and embolden nations to try to break the encryption that protects people’s private communication,” he said.The…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Medical supplies group PPE Medpro breached a multimillion-pound state contract when it supplied “unsafe” equipment during the Covid-19 pandemic, the High Court heard on Wednesday.Lawyers for the government alleged the company — which was recommended for government contracts by Conservative peer Baroness Michelle Mone — had supplied £122mn of kit that was unfit for use. A large proportion of the 25mn medical gowns supplied by the company were not sterile and not adequately packaged, they said on the opening day of the…
The concept of value investing was pioneered in the U.S. roughly a century ago. But lately, the approach has had far more success abroad. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.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. Eric Varvel, who left Credit Suisse in 2022 after more than 30 years, was accused by Andreas Gottschling, the former chair of the bank’s risk committee, of misrepresenting the findings of a report into funds linked to Greensill Capital, the supply-chain finance firm that collapsed in scandal.The allegation…
Four health-coverage options for Medicare beneficiaries who are hitting the road. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Stellantis-backed Leapmotor has said that setting minimum prices for Chinese electric vehicles in Europe would prevent it bringing affordable small cars to the continent, even if the EU-Beijing plans lead to the lifting of tariffs.Cao Li, senior vice-president of the Chinese carmaker, said “a commitment to a minimum price . . . wouldn’t be a favourable measure for small cars”. The company said in Hong Kong on Wednesday that its small European models were “definitely” priced below the range currently being discussed by China and the EU.Beijing…