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,
IMF warns Nigeria that $5 billion swap deal with the UAE lender is opaque and complex.
Nigeria plans to borrow up to $5 billion through a derivatives arrangement with First Abu Dhabi Bank, but the IMF issued a warning on Tuesday
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
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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