Category: Business

New York, May 2025 – The New York City Retirement Systems has finalized a $5 billion sale of a portion of its private equity portfolio to Blackstone Inc., marking one of the largest limited partner (LP)-led secondary transactions ever completed with a single buyer. The transaction is part of a broader strategic realignment of the […]

After more than a decade of conflict and severe economic stagnation, lifting the punitive measures will encourage long-term recovery and peacebuilding in Syria, Amy Pope, IOM Director-General, said in a statement. “The lifting of sanctions sends a powerful message of hope to millions of displaced Syrians, both within the country and across the region,” she said. […]

Introduction Financial inclusion is often discussed in the context of individual access to banking and credit, but its impact on startups is just as critical—if not more so. While major corporations benefit from established investment channels, emerging businesses face overwhelming barriers, especially in regions with rigid financial systems and excessive bureaucratic hurdles. A no-frills, low-bureaucracy […]

JP Morgan Chase is spearheading a substantial $7.1 billion financing package for a cutting-edge artificial intelligence (AI) data center in Abilene, Texas. This facility, leased to Oracle, is a pivotal component of the Stargate project—a $500 billion initiative aimed at bolstering the United States’ AI infrastructure.(Financial Times) Project Overview The Abilene data center is being […]

A German consumer rights organization, Verbraucherzentrale NRW, has been unsuccessful in its attempt to secure a court injunction preventing Meta Platforms from utilizing Facebook and Instagram user posts to train its artificial intelligence (AI) models. The Cologne court ruled against the injunction, allowing Meta to proceed with its plans within the European Union .(Reuters) Meta […]

May 25, 2025 The recent wildfires that swept through Los Angeles have left a trail of destruction—and a multi-billion dollar financial toll on the global insurance industry. European insurers, in particular, are reporting substantial losses, with ten of the continent’s major companies facing a collective hit of at least $3.5 billion, according to CNBC estimates. […]

May 26, 2025 President Donald Trump announced Sunday that he has agreed to postpone a planned 50% tariff on European Union imports until July 9, following what he described as a “very nice call” with European Commission President Ursula von der Leyen. Speaking to reporters at Morristown Municipal Airport in New Jersey, Trump said von […]

Argentina has approved a $2.5 billion investment by Anglo-Australian mining giant Rio Tinto to expand its Rincon lithium project in the country’s Salta province. This marks the first project sanctioned under Argentina’s new Incentive Regime for Large Investments (RIGI), introduced to attract foreign capital into the mining sector. (Buenos Aires Times, Rio Tinto) Project Overview […]

Montana has done something that many states and the United States Congress have debated but failed to do: it has just enacted the first attempt to close the dreaded, invasive, unconstitutional, but easily fixed “data broker loophole.” This is a very good step in the right direction because right now, across the country, law enforcement […]

Uganda has announced the discovery of approximately 31 million metric tons of gold ore, estimated to be worth over $12 trillion. This significant find is poised to transform the nation’s economic landscape, attracting global attention and investment. Strategic Investment by Wagagai Mining To harness this newfound resource, the Ugandan government has partnered with Wagagai Mining […]