Hints and tips:
...Robert ArmstrongA lot of chip companies in Japan. Katie MartinA whole lot of chips. So the index went through 39,000 last week. Bank of America is saying it’s gonna hit 41 by the end of this year....
...Need to know: Global economy Sultan Al Jaber, the president-designate of COP28 and head of the Abu Dhabi National Oil Company, promised to “supercharge” global climate finance, finalise a $100bn fund to...
...So that’s given them a significant petrodollar windfall, which, you know, obviously gives them surpluses to put into their sovereign investment funds, the sovereign wealth funds, et cetera....
...It was 7,000 words, so even 2,000 words longer than the also rambling and angry historical essay he wrote about Russia and Ukraine last year....
...The SEC charged the United States Oil Fund, the exchange traded product at the centre of last year’s sub-zero oil market meltdown, and its partner United States Commodity Funds, for “misleading statements...
...On Sunday, China’s foreign ministry released a scathing 25-page white paper entitled “The state of Democracy in the United States”, which almost exclusively cited American sources on money’s grip over US...
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...Timur Kulibayev had risen through Kazakhstan’s state energy company, then became first deputy chairman and, in 2011, chairman of the $80bn sovereign wealth fund that oversaw all the state’s business interests...
...After shedding 22.2m jobs at the start of the pandemic in March and April, according to the Bureau of Labor Statistics, US employers quickly rehired 7.5m people to work in May and June, including 503,000...
...But in the past two weeks, Delta has announced 17,000 early retirements and United sent furlough notices to 45 per cent of its US employees. Or look at the action of banks....
...However, the increasing and on-going spread of COVID-19 in the US has increased investor debate about the sustainability of the V with US states now needing to slow or reverse some of their reopening plans...
...The Public Investment Fund, the Saudi sovereign wealth fund, is leading a £300m takeover of Newcastle United (a deal that awaits approval by the English Premier League)....
...Malaysia maintains 1MDB fight Malaysia is targeting a settlement of between $2bn and $7.5bn with Goldman Sachs over the bank’s involvement with the 1MDB state investment fund, Zafrul Aziz, finance minister...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...But at a scientific level, whether it be in academics in China, academics in the United States, or in industry in either country, I have to say that we are very much engaged with both of those....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Supreme Court ruled to end the separation of students by race in the landmark Brown v Board of Education case in 1954....
...The dramatic growth of the fund manager — last year it took in more money than rivals BlackRock and Fidelity combined — has raised questions about its influence on corporate America....
...The purpose of a company, it says, “is to engage all its stakeholders in shared and sustained value creation”. Multinationals, it adds, must do nothing less than “improve the state of the world”....
...Instead, the Netherlands does prevention: each inhabitant is meant to have a risk of just one in 100,000 of drowning in a flood in any given year....
...The resolution passed on August 7, with a unanimous vote in the House of Representatives and only two opponents in the Senate....
...They have invited over 7,000 of them to participate in this year’s conference, which got under way in Las Vegas on Thursday....
...“Turkey would do well not to test @POTUS Trump’s resolve to see Americans who are wrongfully imprisoned in foreign lands returned home to the United States.”...
...Mohammad Barkindo, Opec’s secretary-general, similarly warned that the Nopec legislation “would not serve the interests of the United States”....
...Instead, she increased state intervention, helping to cause the worst recession in Brazilian history, with a 7 per cent contraction in gross domestic product in 2015-16....
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