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...It is unclear what assets he may still have access to via a series of opaque family trusts controlled by his mother in Austria and Liechtenstein....
...Management of the division was taken over by Thomas Coesfeld, the 33-year-old scion of Bertelsmann’s owners, the Mohn family, last year....
...Another creditor said they had repeatedly sought clarity on huge money flows from Signa Development to other Signa Group entities, as well as entities controlled by Benko’s private family foundation, but...
...A Signa Group company transferred more than €300mn to two entities controlled by the family of its Austrian founder René Benko before the collapse of the property giant, according to financial documents...
...“Easy Wins” (4th Estate) by Anna Jones is out now Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...Non-farm payrolls figures published by the Bureau of Labor Statistics on Friday surpassed economists’ expectations of 200,000 new jobs....
...Damerau said he had lost €25mn investing in Ukraine under Yanukovych, having financed a wind farm in Crimea that at the time was the largest onshore project of its kind in Europe, and that corrupt officials...
...The two Austrian organisations — the Benko Family Foundation, controlled by his mother, and the Laura Foundation, named after his daughter — had been assumed to look after most of Benko’s personal wealth...
...Since the beginning of 2023, the final US non-farm payrolls number has been downgraded from the first estimate seven times....
...Biden responded to the figures by hailing what he described as “continued steady and stable growth” while adding that “costs are too high for working families”....
...Meanwhile, Ant’s parents have built themselves a modern house on the farm. The Earps are one of a number of people who’ve gone back to an old family farm or estate to try to make a go of it....
...Countering such efforts is hard, Beste said, and indicated the extent to which Russia has moved on from the days of running infamous “troll farms”, which employed real people to spread dissent, often in...
...Adriana Kugler, a governor and labour market economist, who holds a vote on the US central bank’s rate-setting committee, said last week’s non-farm payrolls figures were among the reasons why it was wise...
...His father died in 1944, but his family moved to Palestine after the second world war....
...Benko — whose personal wealth was once estimated by Forbes at $6bn — and his two family foundations in Austria have also declared themselves insolvent....
...The non-farm payroll figures for February surpassed economists’ predictions of 200,000 new jobs and indicated that the US services sector remains strong....
...“The assets are believed to have been primarily used to finance the lifestyle enjoyed by the accused and his family,” said the prosecutor....
...of inner-city construction projects and luxury addresses — from designer shopping precincts to 5-star hotels — which Benko once boasted was rivalled in prestige only by the holdings of the British royal family...
...A top Federal Reserve official has insisted that the US’s strong labour market continues to cool, in a sign that January’s stunning non-farm payrolls figures may not derail rate-setters’ plans to cut borrowing...
...Bowman said on Friday afternoon, just hours after the publication of January’s stunningly strong non-farm payrolls figures, that there was “a risk that continued labour market tightness could lead to persistently...
...The non-farm payrolls figure was up from a revised figure of 173,000 in November, according to the Bureau of Labor Statistics, and beat economists’ expectations for 170,000 additions....
...It is unclear how much money remains in his opaque family trusts, however, which are held in his mother’s name in Austria and Liechtenstein....
...The non-farm payrolls figure was stronger than expected and marks an increase from 150,000 the previous month....
...Data for January’s non-farm payrolls, a crucial measure of the US economy’s labour market, showed 353,000 jobs were created last month — almost double forecasts....
...during his term in the White House in 2017, and limit government spending, while Biden is planning to raise taxes on big businesses and the wealthiest households to reduce deficits, offer tax credits to families...
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