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...With a fortune originally made in banking in the mid-19th century, the aggressive, buccaneering approach of the early buyout groups was anathema to their way of doing business: one focused on good corporate...
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...But while these companies are raising large sums for a European start-up, the scale of the gap with the US is daunting. OpenAI’s latest deal talks could value the company at $86bn....
...There are three reasons for this: firstly, Ireland has been spectacularly rich before, during the “Celtic Tiger” boom of the mid-1990s to mid-2000s....
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...Yet Fritz Hansen, the company that first produced them — and still does today — is not a household name outside its native Denmark, despite a back catalogue that resembles the pantheon of mid-century modern...
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...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
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