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...Others were turned off by the group’s concentrated customer base of mining operations and paper pulp mills, industries that face uncertain futures because of technological change....
...“Paper and candle wax were some of the materials around us that we wanted to explore, elevate and give new value to,” says Christian Hammer Juhl....
...Employment at US iron and steel mills more than halved between 1990 and 2022, to just 83,200 jobs, according to the labour department....
...TMTG became a publicly listed company after merging with a cash-rich Spac called Digital World Acquisition Corp, several of whose founders have taken legal action....
...“That’s one of the great debates that you can read about in the paper every day.”...
...In a paper this month, the CMA said it had found an “interconnected web” of more than 90 partnerships and investments involving the same six Big Tech groups — Google, Apple, Microsoft, Meta, Amazon and chipmaker...
...Martin Gruenberg spoke to the Financial Times as his agency issued a paper detailing how it would handle the collapse of a global systemically important bank (G-SIB) such as Credit Suisse....
...The trial comes 10 months after he was extradited to the US, forcing him to live under house arrest and 24-hour surveillance in San Francisco....
...TMTG has gained one-third in value since it began trading on Tuesday after its merger with Digital World Acquisition Corp....
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...“We expect to see growth slowing globally with the US well positioned to withstand a run-of-the-mill recession should one materialise.”...
...US market....
...On PBS in the US from March 17 Find out about our latest stories first — follow FTWeekend on Instagram and X, and subscribe to our podcast Life and Art wherever you listen...
...While shares initially surged — boosting the former president’s paper wealth by billions of dollars — they have since slumped....
...About $10bn* of held-to-maturity assets mature every quarter and get replaced with short-term Treasury paper paying about 5 per cent interest....
...That partly explains why WestRock trades at 6 times multiple of ebitda, compared to 8 and 10 times for International Paper and Packaging Corp of America, respectively....
...It could help to scupper the rise of the “paper mill”, an estimated $1bn industry in which unscrupulous researchers can buy authorship on fake papers destined for peer-reviewed journals....
...Hovenkamp wrote the textbook on US antitrust, and recently published a timely paper on breaking up Big Tech....
...a few social misfits and the engineers checking over the mill machinery....
...The papers presented on Monday are the work of IBM and partners including the Los Alamos National Laboratory, University of California, Berkeley, and the University of Tokyo....
...Established in an old paper mill, it is powered by a nearby river and its remote heat warms the people who live in the surrounding town of Kajaani....
...It then bought the US steel mills of ArcelorMittal and AK Steel, its two big customers. “They’ve been incredibly aggressive,” said Fitch Ratings analyst William Van Meerbeke....
...When US President Joe Biden gets more engagement than him on a tweet about the Super Bowl, Musk has a spectacular tantrum....
...The banks that helped finance the deal — Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Société Générale — have been stuck with the debt tied to the acquisition, and are nursing paper...
...But those paper losses, which were raising fears over earnings this year, do not appear to be moving the shares of regional lenders this quarter....
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