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...Anglo American’s key South African shareholders are open to a takeover offer from BHP, despite government concerns that the miner’s £30bn-plus proposal is bad for Africa’s most industrialised economy....
...General Atlantic and CVC have paused multimillion-dollar stake sales in companies operating US fast food brands in Indonesia and Malaysia as protests and boycott campaigns over the Israel-Hamas war disrupt business...
...Microsoft took a board seat and 4 per cent stake in London Stock Exchange Group as part of a 10-year partnership....
...US private equity firm Thoma Bravo has agreed to take UK cyber security company Darktrace private in a transaction valuing the company at £4.3bn, marking the latest high-profile takeover of a London-listed...
...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...How much benefit users will see in terms of extra choice is still an open question....
...to open a North American production facility?...
...“That could mean a race to the bottom when it comes to production fees.”...
...“It creates an equity culture so that partners are focused on how to grow the equity value of the business and not just their own individual book of business.”...
...In the previous month, industrial production grew 4.5 per cent year on year and retail sales rose 3.1 per cent year on year....
...One can measure this change either by the average yearly growth rate or, as in our case, by calculating how long it would take for the world’s production to grow tenfold....
...Hundreds of millions in tax relief was awarded to the UK’s creative industries in the chancellor’s Spring Budget to encourage production, and included extra relief on business rates for studios and expenditure...
...France’s Cac 40 added 0.2 per cent, Germany’s Dax gained 0.1 per cent, while London’s FTSE 100 rose 0.4 per cent....
...Beijing cautiously backs expansion Tsinghua’s Zhang, who is also a former Baidu executive and leads the development of the company’s open-source driverless car software, Apollo, is calling for government...
...The company’s turbine business will focus on Europe and the US from now on, it said, with production capacity due to be ramped up at key sites in Denmark, France and Germany....
...Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association. That is 200mn more than the pre-pandemic high set in 2019....
...However, industrial production is still down 4.9 per cent from a year ago and down nearly 8 per cent from a peak before the coronavirus pandemic....
...The smaller Gemini Nano is matched against systems such as the smallest version of LLaMa 2, Facebook’s open-source model, making it capable of being run on a mobile device....
...Swedish kind of website and next day, they open up an Austrian website . . . They are a bunch of (expletive)ing pirates....
...The company’s shares have quintupled in value since chief executive Tommy Eklund took the reins in 2020, with its market capitalisation at about $4.6bn on Tuesday....
...Loans do offer higher yields than HY bonds, around 9.4 per cent, but I think a fair portion of that is probably compensation for loss provisioning....
...For Big Tech, “‘open’ is a four-letter word”, he says. It is finally time for advertisers, if not regulators, to enforce such openness. john.thornhill@ft.com...
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...“We recognise training large models can be water-intensive, and is one of the reasons we are constantly working to improve efficiencies,” Open AI said when asked for comment....
...At the open, that valued Anglo at £31.1bn, or £25.08 per share, but with BHP shares down 2.4 per cent at pixel time it’s now slightly less....
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