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...The chipmakers are also holding on to their used equipment in China over concerns that they may need them if Washington tightens export controls further, forcing them to use less sophisticated tools....
...Any deal over the debt would also need the dissolution of the British Virgin Islands holding company....
...On the same day, the group created a new holding company registered in London, moving its headquarters from the Cayman Islands, according to the filings....
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
Also in today’s newsletter: Taylor Swift’s place in football, golf’s changing of the guard, and more
...There are sections on Berlin, China and Cuba, as you’d expect, but also Iran, Guatemala, Angola and even the Marshall Islands....
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MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
Chinese tech giants are hogging scarce cloud resources to develop generative AI models as US restrictions bite
...Shein has gone from near zero to holding nearly a fifth of the global fast-fashion market, including the largest share in the US in less than four years....
Plus, F1’s valuation race hots up, multiclub ownership divides the Premier League, and more
...Wall and a colleague became directors after A&M was appointed in November by a Cayman Islands court to oversee the liquidation of BPGIC Holdings, the holding company that is the majority owner of Brooge....
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
Shares in China’s most valuable company and gaming rival NetEase suffer dramatic falls on threat to revenues
Motor racing expands its audience in America on the back of Netflix docu-series and successful races in Miami, Austin and Las Vegas
Regulators act to ease concerns after new industry guidelines cause big sell-off
...Rybolovlev became a collector of valuable artwork after selling his holdings in Russian potash fertiliser producer Uralkali for $6.5bn in 2010....
CF Fertilisers, Ineos and Liberty Steel awarded allowances for sites that had stopped operating
...In 2017, the island also handed control of its southern Hambantota port to China on a 99-year lease....
...Companies House documents show that San Simeon Investments, a British Virgin Islands company owned by Central Group, arranged the shareholder loan....
Australian insurer says Tokio Marine and Marsh McLennan should also be liable if legal case is lost
...Its remaining holding is worth about $2.3bn. BYD’s net profit more than doubled to Rmb21.37bn ($3bn) in the first nine months of 2023, compared with the same period a year earlier....
Geely-owned division lost $353mn in six months, as it lines up reverse merger on to New York’s Nasdaq
...They added that Moutai was a “core holding” in China’s consumer sector amid what they described as an “uncertain macro environment”....
...The strike, involving as many as 900 workers, is being held in protest against plans by the department store’s owner, 7&i Holdings, to sell the 10-store Sogo & Seibu chain to the US investment fund Fortress...
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