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,
MTN Group and Airtel Africa will share networks in Nigeria and Uganda, given high 5G connection costs.
To reduce costs while simultaneously expanding service coverage, MTN Group and Airtel Africa announced on Wednesday that they had reached an agreement to share mobile
Warren Buffett’s US toymakers given the nod to sue China’s Alibaba for the sale of allegedly fake Squishmallows.
A New York judge has ruled that Alibaba must respond to a case brought by a US toymaker who claims the Chinese e-commerce behemoth's internet
Solar powers Africa with providers making brisk businesses, where 600m still lack electricity.
On a continent whose governments have long battled to solve some of the worst infrastructure in the world and the challenges of climate change, companies
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
World Bank grants Nigeria a $1.57b loan to tackle out-of-school children, health and power.
As part of a new initiative to assist Nigeria’s health and education sectors and contribute to the country’s sustainable energy supply, the World Bank authorized
The 3 largest U.S. oil companies disclose payments of $42b to foreign governments in 2023.
Regulatory filings last year reveal that the three biggest U.S. energy exploration companies paid foreign governments about $42 billion, nearly eight times the amount they
Thailand’s pension fund may invest $11.6b in global private assets as part of strategic overhaul.
An executive told reporters that as part of a strategic reorganization to address its low returns amid growing demand from an aging population, Thailand’s failing
Global actively managed ETF assets exceed $1 trillion, driven by innovation and easier regulations.
Thanks to laxer rules and a surge in product innovation, assets in actively managed exchange-traded funds (ETFs) reached a record $1 trillion globally at the
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