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...Gordon is one of the leaders of its North American PE unit, while Marshall is co-head of its European buyout business....
...The US Congress has passed legislation that will fund key US agreements with Pacific Island nations, in an outcome that will spark relief across the Indo-Pacific after previous delays undermined efforts...
...Unambitious: Europeans are “less hard-working” than Americans, Norway’s state oil fund boss told the FT, with the gap between the continents widening....
...Chart of the week Record inflows into US money market funds in 2023 have triggered a multibillion-dollar fee bonanza for the asset management industry, which for years treated the product as a loss leader...
...“We have, as a movement, been strategic when it comes to leveraging our strength,” Liz Shuler, leader of the American Federation of Labor and Congress of Industrial Organizations, told the FT....
...Record inflows into US money market funds in 2023 have triggered a multibillion-dollar fee bonanza for the asset management industry, which for years treated the product as a loss-leader....
...The idea behind Pillar II was to have something that you could accomplish more in the short term. So they’ve been pushing hard on Pillar II....
...two pals even run a sort-of-company together — an “immersive, futuristic, fantasy-based” AI-powered MMORPG called The RoyaLand that was apparently inspired by the passing of Her Majesty Queen Elizabeth II...
...Americans eager to invest in bitcoin can now do so via highly regulated products, rather than having to buy bitcoin directly on offshore crypto exchanges that have controversial compliance histories....
...“While we were waiting for a decision on American support, the Russian army managed to seize the initiative on the battlefield,” Zelenskyy said in a video message....
...funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action against the US bank to recoup money stuck under Washington’s sanctions regime....
...Chart of the day Top golf clubs in south Florida have started charging high six- and seven-figure joining fees in response to a post-pandemic influx of wealthy Americans eager for tee time....
...Fink described the mismatch between what Americans were saving and what they would need as “a problem so big and urgent that government and corporate leaders [need to] stop business as usual [and] step out...
...China on Wednesday protested against funds in the legislation for more military assistance to Taiwan, part of the bill’s $8.12bn Indo-Pacific portion....
...China’s President Xi Jinping met US chief executives including Chubb’s Evan Greenberg and Qualcomm’s Cristiano Amon today in Beijing as American business leaders sought to mend ties frayed by geopolitical...
...European nations, fearing new US support for Ukraine was dead, rushed to find alternative funds for Kyiv. Ukrainian military leaders warned that they were running out of ammunition....
...Trump II will be even worse than Trump I, their friends in Washington warn: no more adults in the room, weakened checks and balances, hardened Republicans all around....
...It averaged $4.1bn in 2023, and was held in cash, money market funds, Treasury bills and reverse repo at a holding company level....
...forces without additional American support....
...Hermes, whose global emerging markets fund is overweight Chinese equities....
...At Stud Country, there are “leaders” and “followers” rather than traditional men-women pairing. “What makes it queer is the partner dancing,” says Salisbury....
...Johnson has been searching for a politically viable path to move the funds through Congress without inflaming hardline Trump allies and other Republicans who have taken a more isolationist stance on American...
...Latin American leaders from across the political spectrum have condemned Ecuador’s actions, and the US, EU and the UN have all joined a chorus of criticism....
...The real fun will come when the Democrats begin demanding a tax cut and suggest cutting those same programmes in order to fund it....
...Credit Suisse had abandoned the North American wealth market in 2016. Expanding business in the US is a key priority for Khan....
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