Truong My Lan, a 68-year-old property magnate and founder of the Van Thinh Phat Group, has appealed her death sentence for embezzling billions of dollars from the Saigon Commercial Bank (SCB). In a poignant final statement before the court in Ho Chi Minh City on Tuesday, Lan pleaded for mercy, insisting that her primary focus […]
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Intense discussions around climate finance have dominated this year’s COP, but sourcing funding is only one part of the puzzle. Now that there is a new global funding target, it is time to focus squarely on how the money will be disbursed and to whom. Historically, not nearly enough climate finance has made it […]
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As the global community grapples with the twin crises of poverty alleviation and climate change, the conversation around a “just transition” has become more urgent. At the core of the challenge lies the fact that climate change does not impact everyone equally. For vulnerable communities, its effects are more severe, often compounding their existing challenges. […]
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As the demand for faster, more secure AI solutions intensifies, decentralized AI startups are becoming a major focus for investors, capturing a rapidly increasing share of venture capital. These startups, which leverage blockchain and cryptography to distribute AI workloads across a decentralized network of computing resources, have seen an impressive surge in funding. According to […]
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Blackstone has forged a significant partnership with EQT Corporation, a major player in the natural gas production industry, in a $3.5 billion joint venture to acquire a non-controlling stake in a portfolio of midstream energy assets. This deal marks a major move for Blackstone as it expands its footprint in the energy sector, particularly in […]
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Once hailed as Europe’s flagship battery manufacturer, Northvolt‘s sudden bankruptcy has sent shockwaves through the industry, leaving a trail of financial devastation. The company’s collapse, which saw it file for Chapter 11 bankruptcy protection in the U.S. on Thursday, has raised concerns not only for its investors but also for Europe’s broader ambitions to establish […]
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The Ontario Teachers’ Pension Plan (OTPP) is negotiating the sale of its stakes in five major European airports, valued at approximately £3.5 billion ($4.4 billion). The portfolio, which includes airports in London, Birmingham, Bristol, Brussels, and Copenhagen, has garnered significant attention from institutional investors as the travel sector continues its post-pandemic recovery. Here’s a detailed […]
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A recent report by the Center for Global Development, the Population Council, and the World Bank, Pathways to Prosperity for Adolescent Girls in Africa shows that over 50% of African girls aged 15 to 19 are out of school, married, or have a child. Yet, most policymaking around adolescent girls ignores this reality and continues […]
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Warren Buffett, the centibillionaire CEO of Berkshire Hathaway, has made another significant contribution to charitable causes, donating approximately $1.1 billion worth of Berkshire Hathaway stock. In a letter to Berkshire Hathaway shareholders published Monday, Buffett provided updates on his extensive philanthropic commitments and shared details about his revised estate planning, reinforcing his long-standing goal of […]
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As Finland stands on the edge of Europe, the echoes of the Russia-Ukraine war have significantly shifted its investment landscape, particularly in the realm of defense technologies. Once known for its strong historical stance of neutrality, Finland has been forced to reconsider its position in the wake of Russia’s full-scale invasion of Ukraine in February […]
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