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...Additional reporting by Andy Lin in Hong Kong and Hannah Murphy in San Francisco...
...The fund, raised by the group’s Brookfield Infrastructure Partners arm, is the largest-ever dedicated to investing in assets such as airports, toll roads, pipelines and natural gas export plants....
...Paul Murphy is head of the FT investigations team Follow @FTMag to find out about our latest stories first...
...RedBird IMI, the US-based investment group run by Jeff Zucker and Gerry Cardinale, has emerged as frontrunner to buy All3Media, the UK TV and film production business behind Fleabag and Call The Midwife....
...(AI) road map”....
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...The metaphor I use for this is that it’s like driving down the road and approaching a car crash up ahead. We all know you shouldn’t look, right? But everybody peeks....
...Reddit said it would use a “directed share programme” to allocate shares to longtime users — or “redditors” — and will also sell stock to the broader retail investment community through apps such as Robinhood...
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
...“EVs are still a clear part of the product road map. That hasn’t changed....
...Bain is down about this, saying: . . . as of January 2024, approximately 14,500 funds across the industry were on the road seeking $3.2 trillion in capital and only $1 closed for every $2.40 targeted, marking...
...The weaker outlook has also hit iron ore prices, said Harry Murphy Cruise, assistant director and economist at Moody’s Analytics....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...Its boss, Sir John Armitt, warns that the UK faces yawning infrastructure deficits after four decades during which average UK investment in things such as roads and railways has been the lowest in the G7...
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...This constrained investment in innovation and management, sometimes leading to higher costs later, he added....
...“When you see a fork in the road, take it” is not good personnel advice....
...Tsinghua’s Zhang said companies leveraging China’s existing hardware and software — “road-level intelligence” — would reduce costs, accelerate deployment and, importantly, make the roads safer....
...Belt and Road abroad Belt and Road Forum shows China recalibrating after 10 years...
...Further up the coast from Kampot, the new canal would allow easy access to and from the Sihanoukville Special Economic Zone, a recipient of significant Chinese Belt and Road Initiative investment, and the...
...Brookfield, which manages $850bn in assets, is best known for investing in real estate and traditional infrastructure assets such as ports and toll roads....
...Its private equity owners preached that Hertz’s investment in EVs and their related charging infrastructure would be revolutionary, even entailing autonomous vehicles down the road....
...Their deaths, including Walter Scott, Thomas Murphy and David “Sandy” Gottesman, have forced Berkshire to bring in a number of new overseers....
...Yet, much like EVs, autonomous vehicles have suffered a reality check following years of investment and hype....
...In February 2022, Thomas Murphy, 96, stepped down from the board and died three months later. Another director, David Gottesman, died in September last year at 96....
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