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Revolut Ltd
Revolut board frustrated by fintech company’s response to audit warning
...It was possible that true revenues could be higher than stated because some transactions could be missing, or lower because BDO had to resort to procedures such as checking sample transactions meaning problems...
March 30, 2023
News in-depthMacau
Macau roars back as gamblers return to ‘Las Vegas of the east’
...“People will spend where they need to spend,” he said from outside the newly opened Londoner resort — a labyrinthine edifice in the style of the Palace of Westminster containing several hotels and a 351,000...
March 31, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
LexElectric vehicles
Evergrande’s EV troubles reflect BYD’s squeeze of Chinese rivals Premium content
...The unit’s troubles are more bad news for its struggling parent, China Evergrande, with more than $300bn of debt: it had been regarded as one of the last-resort options to secure cash amid the property group...
January 8, 2024
South Korean business & finance
Luxury car sales plunge as buyers put off by Seoul’s neon licence plates
...“People will frown at the sight of supercars with green plates in entertainment or shopping districts or golf resorts,” he said....
April 19, 2024
HTSI
The Aman look comes home
...Few at the luxury resort would have noticed the billionaire’s request as being unusual....
November 30, 2023
FT News Briefing podcast11 min listen
The scramble for a new EU leader
...Mentioned in this podcast: Chinese companies resort to repurposing Nvidia gaming chips for AI How Charles Michel’s parliament plan fires up the EU’s top job battle How a Post Office drama galvanised Britain...
January 10, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Artificial intelligence
China offers AI computing ‘vouchers’ to its underpowered start-ups
...Over the past two years, the Biden administration has tightened China’s access to crucial AI chips, leading companies to stockpile ahead of bans, repurpose Nvidia gaming chips or resort to the black market...
March 4, 2024
Due Diligence
Is private equity’s $3tn problem starting to ease? Premium content
...CVC’s notoriously competitive dealmakers will be hoping they can avoid the fate of some of their peers who have had to resort to buying back companies that struggled after they were taken public....
March 12, 2024
Scoreboard
Roger Federer’s lesson for Tiger Woods Premium content
...The Trump family’s luxury Scottish golf resort made its first profit since the acquisition almost a decade ago....
January 13, 2024
Blackstone Group LP
Blackstone sells stake in €4bn Spanish hotel chain to GIC
...It now has 73 hotels across the Canary Islands, the Balearic Islands, Italy, Greece and Portugal. Recent new openings include an all-inclusive resort in Mallorca....
October 31, 2023
Rocco Forte Hotels Ltd
Saudi Arabia buys 49% of Rocco Forte’s luxury hotel chain
...Last year, it bought minority stakes in luxury hotel groups Aman Resorts and Habitas....
December 4, 2023
News in-depthBYD Co Ltd
Wang Chuanfu, the driving force behind BYD’s rise
...Contracting other companies for hardware or services is a last resort, so much so that an executive once told car reviewers the company made everything on the vehicle “except the tyres and the windscreen...
January 4, 2024
Sam Bankman-Fried
Bankman-Fried knew FTX wasn’t ‘bulletproof’ months before collapse
...resort where he lived with Bankman-Fried in a $35mn penthouse....
October 5, 2023
Sam Bankman-Fried
FTX co-founder says Bankman-Fried firm was ‘taking customers’ money’ for years
...On Thursday, another former FTX employee, Adam Yedidia, described a conversation with Bankman-Fried on the grounds of the luxurious Bahamian resort where they both lived, in which he said the FTX founder...
October 6, 2023
LexCathay Pacific Airways Ltd
Cathay Pacific: a chance to regain altitude as turbulence subsides Premium content
...Posts about sunny beach resorts and lost luggage are increasingly common on social media feeds. Such hints of a travel rebound have rekindled investor interest in depressed airline stocks....
July 14, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
News in-depthGina Rinehart
Australia’s ‘iron lady’ Gina Rinehart takes a big bet on lithium
...Known as a supporter of Donald Trump, Rinehart has appeared among the former US president’s close circle at events at his Mar a Lago resort in Florida....
October 20, 2023
Travel & leisure industry
MGM China leads casino operator recovery in Macau
...MGM China and Melco Resorts revealed the best recovery, even though both reported revenues last year were down more than 75 per cent on 2019....
March 10, 2023
Sovereign bonds
Why the US *should* care about sovereign creditor lawsuits
...In short, the US government wants creditors to be able to threaten a resort to their legal remedies without allowing an actual resort to those remedies to become a quick and easy path to a preferential recovery...
November 1, 2023
The Big Read
The condo king betting that Miami’s Covid-era boom is here to stay
...Related bought the parcel in 2014 for $57mn and began developing a 60-storey condo tower with Auberge Resorts. It shelved the plan three years later as the high-end condo market softened....
December 3, 2023
News in-depthGambling industry
Casino mecca Macau gambles on becoming a global tourist attraction
...to 90:10 in the post-Covid era, said Hoffman Ma, an executive at Success Universe, which has invested in SJM’s Ponte 16 resort....
January 8, 2023
Travel & leisure industry
Macau casinos mount comeback as mass-market players return
...Apart from its Galaxy and StarWorld casinos on Macau, the group has a shareholding in rival Wynn Resorts and is seen as better adapted to the current environment where the focus is on the mass market....
May 22, 2023
Donald Trump
Trump’s Scottish golf courses trapped in lossmaking bunker
...The two Scottish resorts also received more than £1mn in financial support from the government during the lockdowns....
February 2, 2023
McDonald's Corp
European asset managers take on McDonald’s over antibiotics
...Antibiotics originally designed only for animals were increasingly being used as “last resort” treatments for humans, she said, underlining the risks to the global population if they were rendered ineffective...
May 21, 2023
Telegraph Media Group Ltd
Telegraph titles set to be sold after Lloyds calls in receivers
...Lloyds’ Bank of Scotland unit said in a statement: “The decision to appoint receivers is an act of last resort and follows numerous discussions with B.UK’s parent company, Penultimate Investment Holdings...
June 7, 2023
Cineworld Group PLC
CVC and Elliott table bids for part of struggling Cineworld chain
...CVC holds stakes in the Six Nations international rugby tournament and UK holiday park operator Away Resorts, having previously owned Sky Bet and Formula One....
March 27, 2023

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