Top private equity buyout groups have been unable to sell Chinese portfolio companies for the second year in a row, as they struggle to cash out of their earlier investments in the world’s second-largest economy. Ten of the biggest buyout firms with investments in China including KKR, Blackstone and CVC had zero publicly disclosed complete … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A US security contractor that guarded aid distribution at deadly Gaza sites is preparing to recruit hundreds of personnel as it seeks new business under Donald Trump’s peace plan for the devastated enclave. … Read more
“Manchester has always been Labour,” was Angeliki Stogia’s response to suggestions the party was now only a “distant third” in the Gorton and Denton by-election race. “We are constantly on the doorstep and acting on what people tell us,” the party’s candidate said in an Instagram video where she rebutted critical social media comments. Yet … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europeans’ great geopolitical awakening has been to realise, first, that they depend on other powers in many near-existential ways, and second, that those powers are increasingly willing to use their strangleholds to bend Europe to … Read more
Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. Breitling’s private equity owners have slashed the valuation of the Swiss watchmaker to as little as half its 2023 level, as performance has faltered under CVC and Partners Group’s joint ownership. The two … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elite New York M&A advisory boutique Centerview Partners has settled a lawsuit from a former analyst who was fired after saying she needed eight to nine hours’ sleep per night. The bank has reached an … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US President Donald Trump has called on Netflix to sack former Democratic national security official Susan Rice from its board or “pay the consequences”, as the streamer battles to acquire Warner Bros Discovery. … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Arab and Muslim states have reacted with outrage after the US ambassador to Israel told an interviewer that it “would be fine” if Israel took over a huge swath of the Middle East. … Read more
Governments around the world are unlikely to renege on trade pacts signed with Donald Trump over the past year despite a Supreme Court ruling that many of the tariffs imposed by the US were illegal, according to international analysts and legal experts. Sectors such as autos and steel were not affected by the Supreme Court … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump will raise his new global tariff rate to 15 per cent from 10 per cent, a day after the US Supreme Court struck down the backbone of his economic plan. … Read more