One of Susquehanna’s richest bets was purchasing a 15 percent stake in TikTok’s parent company, #ByteDance, in 2012;
according to the Wall Street Journal, Yass’ personal stake in the company is about seven percent.
The labels have already started to appear in some shops for some products, and the Food & Drink industry fears that such labelling will deter both customers & #investment in the UK's food/drink sector.
Recent headlines suggested customers took the view that this indicated sub-standard goods, whatever the actual quality....
A group of 32 investors managing $7.3 trillion in assets have urged the G20 group of wealthier countries to align agricultural subsidies with their climate and nature goals by the end of the decade, a statement seen by Reuters showed....
"A large majority of [EU] member countries rejected the idea of splitting the costs of the #networks with content providers" due to "the lack of a fact-based approach or evidence of an #investment gap, the risk of driving up prices and the risk to net neutrality. “Let’s not overreact to non-existent market failure,” reportedly argued Germany." (Politico)
If you're think the key to economic success is productivity growth then the lagging expansion of productivity in the UK (and the EU) will be a concern.
Most notably while the global financial crisis hardly impacted US productivity growth, for the UK/EU, after 2008, slow(er) productivity growth has resulted in a growing productivity gap.
Is the US is benefitting from more investment, the status of the dollar as reserve currency or more state stimulus, or all three?
'The way you make [disruption] less costly in the long run is by spending more money upfront to build a more robust & resilient system in the first instance.... But the do-nothing option costs a lot more money over a longer period'!
We now have data for #Germany; #GDP has shrunk by 0.3%.
But before the #brexiters starting rubbing their hands, like the UK's figure, this is well within the margin of error to potentially be revised upwards into growth (just like the UK, minuscule 'growth' could end up as a small negative move).
We might also be best to be looking at other figures, like levels of #investment or balance of trade...
Both of which suggest Germany's problems look temporary, while the UK's looked baked-in
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Hmmm.... interestingly #AndyBurnham has decided to reduce emissions in #Manchester by using a carrot not a stick.... out goes the plan for a clean air charging zone, to be replaced by major investment in #pubictransport to encourage people out of their (commuter) cars.
It'll be interesting to see how this plays out, as many cities have plans for new zones to cut emissions.... if Burnham's pivot gets results, might we see a ramping up of #investment in (and subsides for) public transport?
For two consecutive quarters, generative #AI dealmaking at the earliest stages has declined, dropping 76% from its peak in Q3 2023 as wary investors sit back and reassess following the initial flurry of capital into the space.
#TrumpMedia merger wins investor approval, netting #Trumppotential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.
A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal#debts.
PH's biggest bank BDO thinks charter change is not necessary to attract foreign investments. The move is also unpopular among Filipinos with 74% saying the Constitution should not be amended. Others believe that the real motive of charter change is to lift the one-term limit of the president.
Clean energy spending set to reach twice that on fossil fuels, IEA reports
"#Investment in #CleanEnergy technologies will climb to $2 trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency."
Investor pressure group urges G20 to reform agricultural subsidies (www.reuters.com)
A group of 32 investors managing $7.3 trillion in assets have urged the G20 group of wealthier countries to align agricultural subsidies with their climate and nature goals by the end of the decade, a statement seen by Reuters showed....
Vanuatu Faces Visa Requirement Permanently as EU Targets Citizenship By Investment (CBI) Schemes (www.stvincenttimes.com)
The EU Commission is proposing today to permanently re-introduce the visa requirement for citizens of Vanuatu....