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...Property etc . . . this is my main business,” Burke told Wen in October 2018 after an initial meeting in Zurich....
...The company was set up to develop the site by South Tees Development Corporation, which retained a 10 per cent ownership after the share transfer to entities controlled by Chris Musgrave and Martin Corney...
...Sceptical analysts point out that the convergence of returns is more about privately owned companies struggling than SOEs improving. “Let’s say you have a bull market. Will you buy an SOE? No....
...The Shanghai-based company, which defaulted on its offshore debts in July 2022, said it would “oppose the petition vigorously and continue to work towards an offshore restructuring that maximises value for...
...Signa’s total debt — spread across an unconsolidated network of more than 1,000 companies built up over the past decade by Benko — remains unknown, but Stapf’s disclosures will fuel concerns among creditors...
...“Holding a majority stake in the new entity allows TikTok to lead the ecommerce business with little to no interference from its local shareholder,” he said....
...Unsurprisingly, this group is led by another co-founder, Rolly Van Rappard, who will chair the listed entity when it’s public....
...The ByteDance-owned company has agreed to invest $1.5bn in Tokopedia, the ecommerce unit of Indonesia’s GoTo, in return for a controlling stake of 75.01 per cent, writes the Financial Times’ William Langley...
...Readers looking to go deeper should read the full investigation from DD’s Robert Smith and the FT’s Jennifer Williams and Clara Murray....
...To that end, his company’s US unit is a separate legal entity, with an independent share structure, rather than having the status of being a subsidiary of the Chinese business....
...The company also reported an annual net loss of $58mn, an increase from the $50.5mn it lost in 2022. All of TMTG’s revenues come from Truth Social, so let’s see how that’s doing....
...CIA Director William Burns has argued that, for the US, the answer is “not to decouple from an economy like China’s, which would be foolish, but to sensibly de-risk and diversify by securing resilient supply...
...“There are certainly takeaways from this ruling for other applicants,” said William Julié, a Paris-based lawyer who has represented individuals who have been placed under sanctions....
...Jim Skea, head of the UN’s Intergovernmental Panel on Climate Change, told an FT conference last week the world was in “unknown territory”....
...“It was a place with a central business district where no one lived, then light industrial and then the suburbs, but that is now changing,” he says....
...A €200mn bond, held by an unknown investor, and issued by Signa Prime, is due to be repaid on Thursday....
...It’s a bit of an unknown,” he added....
...“The subsequent changes could very well come from bottom-up demands of an increasingly Chinese business community in Hong Kong . . ....
...The ding-dong between OpenAI and Elon Musk, one of its founders, continued as the company released emails that showed Musk had supported its plan to create a for-profit entity, contrary to allegations in...
...William Blair and the Perella entities declined to comment. The other companies did not immediately respond to a request for comment....
...During her trip in July, Yellen told an audience in Beijing there was “ample room” for US and Chinese companies to boost trade and investment, despite security tensions....
...Emanuel, Endeavor’s chief executive, said his company would consider a number of options but ruled out a sale of its interest in TKO, the new entity that combined UFC and WWE....
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...unlicensed money-transmitting business....
...In a court document filed by prosecutors and seen by the Financial Times, they allege that an unknown person “acting under the guidance and in the interests” of Pioneer Point agreed with Machado that he...
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