For the third consecutive quarter, BlackRock’s assets under management reached a record high on Friday; driven by sharp increases in the company’s exchange-traded funds inflows
Category: WORLD NEWS
Multilateral banks can lend an additional $500b before cash shortages and downgrades. – Fitch
After reviewing its standards for assessing supranational institutions, Fitch stated in research released on Wednesday that twelve of the biggest multilateral development banks could extend
Global economy to suffer losses of $14.5tr from geopolitical strife over 5 years. – Lloyd’s of London.
A hypothetical geopolitical battle that affects supply chains may cost the world economy $14.5 trillion over five years, according to insurance market Lloyd’s of London
FTX to use $16.5b in assets to repay 98% of customers in a model case of Chapter11 bankruptcy.
On Monday, the court approved FTX’s bankruptcy plan, enabling it to use the $16.5 billion in assets it has collected since the fall of the
The US spent $17.9b in unprecedented military support to Israel since the Gaza war began.
A report for Brown University’s Costs of War project was released on the anniversary of Hamas’ attacks on Israel. It states that since the war
Blackstone’s new Asia PE fund will raise at least $10b and focus on India.
The largest alternative asset manager in the world, Blackstone Inc., has begun to raise its third private equity (PE) fund with an emphasis on Asia,
Meta AI Movie Gen that creates audio-rich video to rival OpenAI and ElevenLabs.
The owners of Facebook, Meta said on Friday that it has developed a new artificial intelligence model called Movie Gen. It claims that this model
ChatGPT maker OpenAI raises $6.6b fresh funds as it departs from its nonprofit foundation.
The maker of ChatGPT, OpenAI, announced on Wednesday that it raised $6.6 billion in venture capital investments, marking a larger departure from its nonprofit beginnings.
IOC’s Japanese sponsors Toyota, Bridgestone, and Panasonic terminate contracts.
The three main Japanese sponsors of the International Olympic Committee, Toyota, Panasonic, and Bridgestone, are ending their relationships. Due to this, the IOC is now
Equinix JV to raise $15b to build U.S. “hyperscale” data center infrastructure.
Equinix, a data center business, announced on Tuesday that it is launching a joint venture with GIC, a sovereign wealth fund in Singapore, and the
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