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Inflation, Berkshire, Vivendi, China and More
The global financial landscape has been abuzz with significant developments across various sectors. From central bank decisions to major investment moves, here’s a roundup of the latest news making waves in the financial world. World Central Banks Signal Victory Over Inflation Is In Sight [WSJ] The recent decisions by the European Central Bank, the Bank
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Milestone in the Fight Against Financial Crime: The Creation of AMLA
In a significant development, the Council and the EU Parliament have reached a provisional agreement on the establishment of the new European authority for countering money laundering and financing of terrorism (AMLA). This groundbreaking authority, a pivotal aspect of the anti-money laundering package, is designed to safeguard the EU’s financial system and its citizens against
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The Ups and Downs of Foreign Investment in Fortenova by UAE Private Investor Saif Alketbi
When Saif Alketbi acquired a significant stake in Fortenova, Croatia’s largest private employer, it was heralded as a momentous foreign direct investment from the Gulf. However, the journey since then has been far from smooth for Mr. Alketbi. His acquisition of a 43% stake in Fortenova and the purchase of SBK ART LLC from Sberbank
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Senate Investigation Uncovers Private Equity’s Impact on Healthcare
Last week, Senators Sheldon Whitehouse (D-R.I.) and Chuck Grassley (R-Iowa) launched an investigation into the secretive world of private equity and its influence on healthcare, particularly focusing on the impact of financial transactions on patient care in hospitals owned by private equity firms. Private equity investors have heavily invested in healthcare acquisitions, with reports from
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The High-Stakes Defamation Trials of Giuliani and Trump
The defamation trials of Rudy Giuliani and Donald Trump have garnered the attention of the nation as they enter court proceedings laden with drama and pivotal legal confrontations. The trials are emblematic of the broader societal and political currents that continue to shape the United States in the wake of a contentious election and its
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U.S. Consumer Inflation, Citadel, Choice Hotel, Bernie Madoff Victims and Crispin Odey
The recent economic landscape has seen fluctuations in consumer inflation and market expectations, coupled with notable developments in the corporate sector. From U.S. consumer inflation to Citadel’s profit returns, the following highlights shed light on the evolving economic conditions. U.S. consumer inflation showed a slight easing last month, primarily attributed to the drop in gas
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Kazakhstan Bolsters Investment Policy to Accelerate Economic Growth
Kazakhstan has taken a significant step in its efforts to attract investments and accelerate economic growth with the signing of a landmark decree by President Kassym-Jomart Tokayev. The decree, initiated on 4 December, empowers the Investment Promotion Council (Investment Headquarters) with unprecedented authority, granting it the power to make binding decisions on central and local
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EU Secures Fishing Agreements with Norway and the UK for 2024
Late on Friday, December 8th, the European Union sealed crucial fishing agreements with Norway and the United Kingdom for the year 2024. These agreements signify a significant step in ensuring sustainable fisheries management and providing stability for the respective fleets and operators. The agreement with the UK encompasses 85 total allowable catches in the Northeast
The Business Press 