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US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
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...While the bulk of Greensill Bank’s €3.5bn deposits were covered by an insurance scheme, the collapse inflicted severe losses on a number of small towns and municipalities who had about €500mn of uninsured...
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...War in Ukraine: Russian forces closing in on the town of Avdiivka are an early test for Kyiv’s new top general, as well as for an army running short of supplies and men....
...Launched on the Jewish holiday of Simchat Torah, the assault began in the early hours with thousands of rockets fired at Israeli towns and cities....
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...Smith said, however, that it was “too early” to say whether Microsoft would invest in that effort....
...The Army Corps of Engineers will work with the US Coast Guard to remove the collapsed bridge from the bow of the ship....
...Media companies Walt Disney and Fox Corp also report as well as technology groups Alibaba, PayPal and Uber....
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...Donald Trump is set to appear at a separate town-hall meeting hosted by Fox at the same time....
...“It allows for more natural, informal conversation, whereas interactions in Zoom or Teams can feel very formal,” explains Smith, an instructional designer at Durham who came across Gather Town at a conference...
...Here’s more on the Des Moines town hall and Trump’s appearance on Fox....
...Semafor was founded by Ben Smith, the former BuzzFeed editor, and Justin Smith, the former chief executive of Bloomberg Media....
...Israel-Hamas war: Conditions in Rafah are dire as hundreds of thousands of Palestinians fleeing Israel’s Gaza offensive are being pushed to the town bordering Egypt....
...The activist hedge fund run by Jeff Smith argued at a conference yesterday that News Corp’s stock market valuation “does not make sense” and called for a spin-off of its online property listings division...
...Robert Smith is an FT capital markets correspondent Follow @FTMag to find out about our latest stories first...
...“We believe the message is clear that the status quo is no longer acceptable,” Smith added....
US buyout groups consider joining thriving market for UK corporate pension deals
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