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...At least one Singapore-based bank has stopped issuance, said one person familiar with the market. DBS, Singapore’s biggest bank, said it had no AT1 issuance plans....
...Seven-time Formula One champion Sir Lewis Hamilton is to join Ferrari in time for the 2025 season, ditching the Mercedes team that has powered his record-breaking career....
...“People are living in a building that’s in foreclosure and they’re still selling it,” one broker marvelled. “Can you believe that?”...
...In December 2020, the group acquired a third of the Mercedes Formula One team....
...Additional reporting by Mercedes Ruehl in Singapore and Andrew Edgecliffe-Johnson in New York...
...And ever since he had wanted to drive one. He still has the letter. “The last car I bought, just to put things in perspective, was a Mercedes V-Class, to put all the kids and the dog in it.”...
...He’s seen many ups and downs since then — the oil price shock of the 1970s, the upheaval of German reunification in 1990, the global financial crisis of 2008. But nothing like this....
...And Singapore joined the calendar in 2008. In total, there were six races in Asia a decade ago....
...Over years of patient stakebuilding, the Chinese car group has built a sprawling empire that covers investments in Mercedes-Benz, Lotus and Polestar....
...Need to know: business Volkswagen, BMW and Mercedes were accused of using forced labour in their Chinese supply chains in one of the first official complaints under a new German law....
...Here’s how that works: In 2008, Amazon bought Audible, an audiobook platform. Today, Audible is a monopolist with more than 90 per cent of the audiobook market....
...Hong Kong and Singapore are trying to change that, DD’s Kaye Wiggins and the FT’s Mercedes Ruehl, Leo Lewis and Chan Ho-him report....
...After the 2008 crash, they were ubiquitous on the outskirts of Belfast, graveyards of neighbourhoods that never came to be. Some of Wright’s vision has been achieved....
...At this point, it's only been one, a close call in one other race. But we're getting back towards the front. In 2017, Liberty Media became F1's new owners in an $8bn deal....
...“The joke is, ‘When does a Russian get a new Mercedes? When the ashtray’s full.’ They like brands,” Dezer told Hiten Samtani of The Real Deal, a leading property publication, in 2021....
...Additional reporting by Mercedes Ruehl...
...You have to go back to 2009 for a season in which Mercedes or Red Bull didn’t win the constructor’s championship. Brawn GP, who were bought by Mercedes, won that year and Ferrari won in 2008....
...And one of their largest investors is pulling out.”...
...Argentine entrepreneur Mercedes Caamaño, 32, has seen the numbers first hand....
...a big one.”...
...After the removal of Indianapolis from the calendar in 2008, F1 did not return to the US until 2012....
...Follow John Reed and Mercedes Ruehl on Twitter: @JohnReedwrites and @mjruehl...
...Shares rose 7 per cent to 905.26p by mid-morning on Wednesday after jumping as much as 11 per cent at one point....
...But good times rarely last forever, as illustrated in this Big Read from the FT’s Chloe Cornish, Jyotsna Singh and Mercedes Ruehl....
...One bad deal and one instance of bad judgment can upset the apple cart,” said the head of equity capital markets for India at one western bank. “Valuation is going to be very difficult.”...
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