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...German media giant Bertelsmann is interested in doing a deal to dramatically scale up its music business BMG, whose artists include Kylie Minogue and Rita Ora, following a series of setbacks that curbed the group...
...The two entities controlled by Benko’s family trusts were not part of this group, the complaint asserts....
...in favour of a tightly knit group of investors based in Austria....
...That would make it the second large IPO this month to price below its target range, following KKR-owned healthcare group BrightSpring last week. Read more here...
...The group also allegedly smuggled a special laser, with military applications, bought using funds from the MSS, to China without it being declared, according to the prosecutor....
...US apparel retailer Express has filed for chapter 11 bankruptcy, as the struggling mall brand tries to rightsize its business that has suffered from weak demand and tough competition from e-commerce retailers...
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...The loan was extended in the summer of 2023, at a period when the WKStA believes it was already clear to Benko the Signa Group was financially in trouble....
...“The problem over the past 50 years was not globalisation, it was globalism,” says Ian Bremmer, the founder of Eurasia Group....
...The haircut underscores the distress in the European commercial property market — in which Signa Group companies must now sell assets — and raises fresh questions over the opaque way the sprawling group...
...In January the FT reported on huge unexplained flows of money between Signa-group entities and Benko’s Austrian foundations, which had raised alarm bells for creditors as they gained information of the group...
...Munich’s state prosecutor is looking into allegations of money laundering at the Signa Group, René Benko’s collapsed luxury property empire....
...But the frankest account of why a women’s membership group was needed in the ETF industry — and why it helps to have men in the room — comes from Ross, an industry veteran who was behind the SPDR launch....
...As a result, “all these terror groups have a lot of space to manoeuvre”....
...sam.jones@ft.com Letter in response to this article: Vienna was at the centre of global crisis once before / From Dr John Doherty, Vienna, Austria...
Petrus Advisers disputes short seller’s report after Swiss group’s shares plunge
...Mandiant said the Russian hacking group known as APT29, sometimes called “Cozy Bear”, was responsible....
...The athletic apparel group said it expects operating profit of €700mn for 2024, up from previous estimates of €500mn....
...Profits at Bertelsmann, Europe’s largest media group, rose 25 per cent in 2023, despite a series of setbacks brought by competition authorities which upended the group’s plans for strategic expansion....
...SNB to cut rates at the September and December meetings taking the policy rate to 1 per cent, where we think it will remain throughout 2025 and 2026,” said Adrian Prettejohn, an economist at the research group...
...delegation for the “Neutrality Initiative” handed in a petition of 130,000 signatures to government officials in Bern on Thursday, making a national vote on a constitutional amendment proposed by the campaign group...
...In disclosing previously classified intelligence, senior US officials said Chinese and Russian groups were working to jointly produce drones inside Russia....
...It will take “decades” for Germany’s manufacturers to reduce their dependence on China, according to the chief financial officer of software technology group Siemens, highlighting the quandary facing western...
...One person said Europe had sanctioned three Chinese groups since the invasion, in comparison to more than 100 by Washington....
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