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Franco-Israeli billionaire under pressure to sell assets to pay down Altice debt
Sportswear maker says restructuring expected to result in pre-tax charge of more than $400mn
...“This is not a complex derivative-type strategy, the risks of which are unknown,” Kerr argues....
Drug regulator’s decision is the first step towards a new round of jabs as cases rise in the US
New Brunswick company controls country’s largest petroleum refinery and other fuel assets
Streaming platform expects boost from ‘paid sharing’ service later in the year
This week’s deal is one of the most striking illustrations yet of the growing influence of the PIF — and raises speculation about where the firepower of $650bn fund will be aimed
...Alex Kerr, economist at consultancy Capital Economics, said the 0.5 per cent fall in gross domestic output between June and July, and the decline in the composite PMI index, which averages services and manufacturing...
Warren Buffett’s conglomerate bet big on takeover that has encountered regulatory pushback
US home goods retailer says it does not have enough cash to repay debts of more than $1bn owed to the bank
...Kraken, which is legally known as Payward Inc., will pay just under $363,000 to the Office of Foreign Assets Control and invest $100,000 in improving its compliance tools, after the agency alleged that the...
...Chief operating officer David Cruickshank will take her place. Scott Sheffield is retiring as head of shale giant Pioneer Natural Resources. Allen & Overy has promoted 36 new partners....
Divestment by GameStop chair caps frenzied week for struggling homeware retailer
Electric carmaker’s move comes as its shares struggle amid a market downturn
Bob Martin, a former executive at Walmart, is taking over the retailer in the interim
...Additional reporting by Alex Barker in London and Simeon Kerr in Dubai...
Tech billionaire cements control over luxury hotel group after deal with Prince Alwaleed
...The cost of Malcolm Kerr’s key raw material has surged like never before as the global supply chain crisis has rocked his business....
...“We expected the recovery would be choppy and unpredictable,” said Derek Kerr, American’s chief financial officer....
Didi crackdown fuels questions over how much the company and its bankers knew before its IPO
Bankers had to deliver news to angry chairman that investors valued oil group at well below $2tn target
...Laying early claims to the FT in-house bragging rights are Simeon Kerr in Dubai, with an average return of 33 per cent, Anna Gross in Paris on 29 per cent, Leo Lewis in Tokyo on 22 per cent and London-based...
...But chief financial officer Derek Kerr forecast it will keep burning $30m a day in the first quarter and that earnings will be lower....
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