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...In today’s newsletter: Britain’s biggest water utility circles the drain Elliott’s stuck in an AC Milan fight Byju’s investors try to oust its founder Britain’s biggest water utility circles the drain...
...The town was built on impervious soil, which means water does not drain away readily, but its problems are part of a crisis unfolding around the world....
...Even as the property group circled the metaphorical drain — its stock all but certain to be wiped out — SoftBank found itself on the hook for another $1.5bn....
...He does not plan to contribute to the “japa syndrome” — as the brain drain of young Nigerians emigrating for jobs is known....
...Intel also made headway in plugging the cash drain that led it to report negative free cash flow of more than $9bn in the first quarter....
...These help water drain when there is too much and allow it to be stored when there is too little....
...But the excitement may drain as quickly as the charge of an electric car in cold weather. Chinese competitors including BYD and CATL have grown market share rapidly in recent years....
...Those potential sales drain cash flow during ageing....
...But spreads exploded on Friday as SVB went down the drain....
...That simplicity means less power consumption — and less overheating and battery drain for servers and devices. Equally as important has been the low cost for clients to use Arm’s design....
...The DAC venture is likely to drain Oxy’s cash flow until it becomes financially viable. But it is a sign that at least one of America’s oil producers sees climate change as a business opportunity....
...“The fact is that the Marine Corps was unable to maintain the pace of the offensive and for sure lost the initiative a long time ago.”...
...With the probable departure of around half the 7,500 employees, an experience and capacity drain is inevitable. (A class action suit was immediately brought to challenge the lay-offs.)...
...But it has become a major headache and a drain on lenders’ own coffers as investors have stuck to the sidelines this year, for fear of further volatility to come....
Investors should also question whether the executive’s departure is a sign of trouble at the top
...over mortgage market turmoil (FT) Blackstone in talks to buy Emerson Electric assets (Bloomberg) HSBC taps JPMorgan for potential Canada exit (Reuters) Allen & Overy, Linklaters suffer worst talent drain...
...Some in the industry warn a sudden brain drain could leave Twitter’s systems and user security vulnerable. “One person can leave and the system would be replaceable....
...Their challenge is to ensure that the ad-supported option does not drain away too many full-price customers, while also reaching enough people to attract advertisers....
...A hedge that was supposed to support the profitability of one of Peabody Energy’s Australian mines has become a drain on the resources of the world’s biggest private-sector coal producer....
...Russian tech industry faces ‘brain drain’ as workers fleeA Russian tech industry trade group has estimated that between 50,000-70,000 tech workers had left the country by late March, with many leaving for...
...Energy drain The punishing effects of the war in Ukraine are set out in the IMF’s latest round of forecasts, unveiled ahead of the spring meetings taking place this week, writes Sam Fleming....
...The main cause is often human action, such as overfarming and excessive irrigation, which erodes soil and drains aquifers....
...Natural Order Acquisition Corp, a Spac looking to buy a plant-based protein food and drink company, started trading on Nasdaq late last year....
...It urges the Intel board to consider getting out of the production business and criticises its brain drain....
...(FT, Apple, Acast) Drain the Swamp The Trump administration heralded the rise of a new group of lobbyists close to the real estate mogul....
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