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Golf
‘Billionaires’ playgrounds’: the $1mn fees upending Florida’s golf clubs
...The state estimates that almost two-thirds of the money that moved to Florida in 2022 alone came from New York. “We are post-snowbird....
April 10, 2024
Cryptocurrencies
Tether crypto token increasingly favoured by money launderers, UN warns
...Tether is pegged to the US dollar and allows traders to move in and out of crypto trades, unlike cryptocurrencies such as bitcoin that are not pegged to hard currencies and are predominantly used for speculation...
January 15, 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
Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...Developers have invested billions of dollars in the global market for voluntary carbon credits, which are meant to represent a tonne of CO₂ removed from or kept out of the atmosphere....
April 21, 2024
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...Cabernet dominates Napa Valley but is a pretty heterogeneous category and can be hundreds of dollars a bottle....
April 20, 2024
Donald Trump
Trump posts $91.6mn bond as he appeals defamation verdict
...The decision left Trump searching for hundreds of millions of dollars to deposit with the court, or risk his assets — including his New York properties — being seized by state authorities, while he awaits...
March 8, 2024
FT Magazine
Battle for the American West
...Eshelman made his fortune — hundreds of millions of dollars, according to Forbes — in pharmaceuticals....
April 13, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Sovereign bonds
New York moves to rewrite law on sovereign debt default recovery
...New York lawmakers have moved to limit how much creditors can recover from defaulted sovereign debt in the state’s jurisdiction, proposing to rewrite the law that governs about half of the foreign currency...
March 6, 2024
United Talent Agency Inc
Hollywood power broker splits with UTA over $950,000 ‘special expenses’ fund
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
March 13, 2024
Artificial intelligence
Booming AI demand threatens global electricity supply
...Developers are looking to build sites in growing areas such as the US states of Ohio and Texas, regions of Italy and eastern Europe, Malaysia and India, according to analysts....
April 17, 2024
Cryptofinance
New York regulators threaten crypto’s festive spirit Premium content
...While we’re on the subject of the IRS, the tax agency was blasted by bankrupt exchange FTX this week for chasing billions of dollars in tax liabilities from the collapsed trading venue....
December 15, 2023
News in-depthShale Oil & Gas
Permian Basin deal wave heralds new phase in shale oil revolution
...Today, as a multibillion-dollar wave of consolidation washes over the Permian Basin — the engine room of America’s oil industry — that landscape has been transformed....
February 14, 2024
Middle Eastern finance
Abu Dhabi steps in to ease Egypt’s currency crisis with $35bn investment
...The first tranche of investment, due in a week, will be a $15bn payment, including $5bn from a prior deposit by the United Arab Emirates in the Central Bank of Egypt....
February 23, 2024
News in-depthProperty sector
China property woes leave Los Angeles with a billion dollar tower of graffiti
...“No one wants to have the largest public housing project in the state of California next to” the Crypto.com Arena, where the Lakers, LA Clippers and Los Angeles Kings ice hockey club play, he said....
February 17, 2024
Tesla Inc
Tesla asks shareholders to approve move to Texas and ratify Musk’s pay
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
April 17, 2024
US immigration
New York files $708mn lawsuit over migrants bussed from Texas
...The bus companies had earned millions of dollars in revenue by assisting Abbott, the filing claimed, violating a New York law that requires those who bring “a needy person from out of state” to “convey such...
January 4, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
News in-depthDonald Trump
Trump’s legal woes add new twist to Wall Street tower’s tangled story
...He poured tens of millions of dollars into a gut renovation that raised its ceilings, narrowed its columns and upgraded its elevators and communications equipment....
March 12, 2024
News in-depthArtificial intelligence
US seeks alliance with Abu Dhabi on artificial intelligence
...The Biden administration is proactively encouraging US tech groups to seek artificial intelligence deals and partnerships in the United Arab Emirates, seeking to cultivate an alliance that would provide...
April 20, 2024
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...The global insurance sector is expecting billions of dollars of claims after the Dali container ship struck the Francis Scott Key Bridge on Tuesday, including for repairing damage to the bridge and paying...
March 28, 2024
Donald Trump
Donald Trump ordered to pay more than $350mn in New York fraud case
...the United States.”...
February 16, 2024
Space industry
Are investors prepared for *checks notes* nuclear war in space?
...And the actor, naturally, was the United States of America....
February 23, 2024
ReviewFilm
Amazon workers come together in Union at Sundance Film Festival — review
...Don’t expect a boosterish celebration, however: Maing and Story’s observational film is a warts-and-all document of scrappy 21st-century labour action in all its uncertainties against a multibillion-dollar...
January 23, 2024
Space Exploration Technologies Corp
Musk to make another break with Delaware by moving SpaceX to Texas
...Two other Musk companies — X and xAI, the artificial intelligence start-up for which he is seeking to raise billions of dollars — are incorporated in Nevada....
February 15, 2024
Maritime accidents and safety
Biden administration warns of lengthy disruption at Baltimore port
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
March 28, 2024
Gaming
Can Grand Theft Auto VI match its $7.7bn predecessor?
...The first official trailer for GTA VI launched this week, announcing a release window of 2025. The game will be set in the state of Leonida, a fictionalised Florida....
December 6, 2023
Donald Trump
Donald Trump to face first criminal trial next month in ‘hush money’ case
...’s alleged attempts to subvert the election results in the state....
February 15, 2024

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