(From the FT Big Read) Private equity: higher rates start to pummel dealmakers:
News brief:
The higher interest rates have been affecting the private equity market.
Earlier this year, Carlyle Group appeared to be close to taking over a healthcare software company, Cotiviti, for $15bn...
Summary of the news:
On the evening of Tuesday 9th October, a fire broke out in the parking lot of Luton Airport, which quickly turned into a blaze. The fire caused extensive damage to numerous cars and the parking lot infrastructure. As a result, 125 flights were suspended, and even though some...
Testing my commercial awareness with a discovery I made today:
Balconi Snack (not sponsored) ALL IMAGES ARE FROM GOOGLE and are just to help your understanding of the story.
An hour ago, I got up for a quick snack (a Balconi latte bar) and discovered that where they usually have a mini...
Disney Announces $60 Billion Investment in Theme Parks Over the Next Decade
News Briefing (from FT)
After Disney's recent announcement of plans to invest $60 billion in theme parks over the next 10 years, shares fell by 3%.
But I think this is a good decision.
Pros:
1) Strong Performance of...
This could impact law firms in various ways.
Firstly, this demonstrates another big tech crackdown. With regulators putting more obligations on big tech and becoming more active in enforcement, firms with big tech clients would need advice on how to comply with obligations, pre-empting future...
Apple just can't catch a break.
The new iPhone 15 comes with USB-C charging port rather than Apple's unique lightning connector. This new feature is not Apple's own decision but rather forced on it by the EU's policy that requires all phone manufacturers to adopt a common charger by December...
Hi all, hope you're well and staying commercially aware.
The Market Maker podcast on Spotify and Apple is a really good place to hear a financial perspective and a breakdown of current events in markets.
Yesterday they had a podcast explaining the Arm IPO. They talked it through quite well...
[Wilko Update] BBC: Poundland owner to take on up to 71 Wilko stores
Yesterday evening, Pepco, the owner of Poundland, announced they would take control of 71 Wilko leases after the chain collapsed. The stores will be rebranded into Poundland stores by the end of the year. While Wilko staff...
They've changed the process. It is now just an online application of your details and work experience etc. Then you are invited to take an SJT test. The video interview is included in the SJT but you have unlimited time to prepare. It is supposed to ask two video interview questions right at the...
WeWork Renegotiating Almost All Leases Globally
The NY Times article explained that as the future of WeWork looks more and more bleak, it has decided to renegotiate all of its leases and pull out of underperforming locations. This is to reduce WeWork's costs in terms of leasing office space.
A...
I emailed grad rec and they said "You have until the application deadline to complete your application and video questions, meaning you will be able to leave the page and prepare. For the video assessment, please note that while you have unlimited preparation time, your recorded response is...
Hi I don't know where to find the information of the change in A&O application process. Can someone tell me what to expect once I send off the online application of my details? Thank you.
I've been keeping up with the streaming industry for a while as I enjoy Netflix quite a bit and a recent story that caught my attention was Netflix moving into the mobile gaming industry.
A BBC Article explained that Netflix was into the mobile gaming industry and using some of its popular...
Yes! and for anyone that needs suggestions the Wake up to money Podcast is quite good at covering many topics in an hour ! and Business Daily has some relevant eps from time to time as well.
1. Summarise the article in 2 sentences.
The article reports how Google's attempt to rival Chat GPT with its own AI bot, Bard, failed after an advert showed the AI giving an incorrect answer. Investors responded by wiping $100bn off Alphabet's market value.
2. Can you think of any other...
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