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...Other recent partner-level exits include Solomon’s longtime lieutenant, Jim Esposito, Beth Hammack, co-head of the bank’s financing group and the former head of its consumer and wealth division Stephanie...
...In today’s newsletter: Tiger Global goes on the offensive Financiers pay homage to a Rothschild Dimon and debt at a packed Miami conference Tiger Global reflects on a ‘solid recovery year’ Chase Coleman...
...He succeeds Jonathan Lavine, who will become chair of the group. The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...“In a way it’s an arms race,” Russell Hardy, chief executive of Vitol, the world’s biggest oil trader, told the FT Commodities Global Summit in Lausanne this month....
...This compares with global air passenger volumes, which are only likely to exceed pre-pandemic levels this year, according to trade group Airports Council International....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic mining blocks....
...“Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation,” he added....
...The Houthi rebel group claimed responsibility for the attack on Wednesday evening local time....
...His view was there are no signs of a global economic recovery and telecom operators are becoming more cautious in their spending....
...At 75 per cent, the recovery rates within the GEMs data set surpass those reported for Moody’s Global Loans at 70 per cent, Moody’s Global Bonds at 59 per cent, and JPMorgan Emerging Market Bonds at 38 per...
...China’s industrial activity jumped 7 per cent at the start of the year, boosting hopes of an economic recovery after a period marked by deflation, low consumer confidence and a property cash crunch....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Plus, global stock market concentration has risen to its highest level in decades....
...Google is among the Big Tech groups investing tens billions of dollars to develop generative AI products that have the potential to transform technology and other industries....
...A McKinsey global survey of autonomous vehicle executives, published this month, revealed an industry in a state of flux....
...The search group had been testing generative AI software internally for several months by then....
...There was a global economic slowdown and trade issues with China. And the Powell Fed reduced rates three times in 2019, even though GDP growth was still positive, though slowing....
...It has had a decent recovery — the bloc’s gross value added rose 3.9 per cent in the four years to the third quarter of 2023 — but this is left in the dust by the US’s stellar rebound....
...A deep-pocketed challenge against a sport with longstanding traditions, a small roster of star players and a big global audience....
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