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...It is building a facility in Penang, but some US lawmakers already want to restrict American companies from collaborating on RISC-V projects....
...US chipmaker Broadcom will complete its acquisition of cloud software company VMware on Wednesday, the two companies announced after China approved the $69bn deal....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...“The Russians’ strategy is to show it is much more resilient to casualties than Ukraine,” said Oleksandr V Danylyuk, head of the Centre for Defence Reforms, a think-tank in Kyiv....
...In his most recent letter to shareholders, Buffett again extolled the virtues of insurance “float” or the premiums that policyholders pay to Berkshire insurance companies such as Geico....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...casualty....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...With his own work off limits in China and recently censored in Hong Kong, Ai is coruscating about western museums such as the Pompidou, Tate and the V&A that have been paid millions by state-owned companies...
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...The iPad is the main casualty....
...Turned out it wasn’t a plague ship, but an early casualty of Covid — she had “retired” in 2020....
...According to real estate services and investment company CBRE, prime rents for apartments in Amsterdam fell by 3.3 per cent in the year leading up to the fourth quarter of 2020....
...Authorities faced rare public protests in 2015 against air pollution and ash generated by the Vinh Tan 2 thermal power plant in Binh Thuan Province....
...The companies declined to comment....
...There are other clues that Compass does not see that elusive V-shaped recovery....
...The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright and stakes in many of America’s largest banks — and industrials....
...(FT) Recovery, brought to you by the letter V, or maybe W Mapping economic output to familiar shapes makes a good deal of sense....
...Even SoftBank executives have been casualties. Read more about the FT’s investigation into Wirecard here. Alcohol is the new area of competition in India....
...Stanley Druckenmiller, a former hedge fund manager, said that “the excitement of reopening is allowing a lot of these companies that have been casualties of Covid to come back and come back in force”....
...Speaking at the FT’s Global Boardroom event, he said: “I am not convinced that we are going to have a V-shaped recovery. I think it will be more like a U.”...
...This reflects the strong performance of large tech and healthcare companies of late that happen to dominate the benchmark....
...According to data from CB Insights and Willis Towers Watson, between 2012 and the first quarter of 2019, there were 627 deals involving investment in property and casualty insurtech companies....
...All of this follows Konstantin Strukov’s Uzhuralzoloto Group of Companies buying into POG in February....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
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