New York hedge fund approached by Warner shareholder to buy CNN
Standard General’s Soo Kim in talks over purchasing or investing in WBD’s television networks
Private equity’s ‘steady eddy’ gets rocked
Plus, Monzo shareholders protest CEO change and Tricolor executives face fraud charges
Rocket Internet accused of marking down start-up stakes to ease buyouts
Shareholder’s claims of impairments put billionaire investor Oliver Samwer’s stewardship back in the spotlight
Elliott gears up to list Barnes & Noble and Waterstones in London or US
US investor close to appointing advisers for booksellers’ IPO next year
How a Swiss compromise could save UBS billions
A proposal from a cross-party group of politicians could break the deadlock with the country’s biggest bank
Andersen Group shares soar 47% in IPO by alumni of Enron auditor
Former Arthur Andersen partners raised $176mn after pricing shares at top of range
Planning your next holiday? Here’s how to spot and avoid greenwashing
Vincent Gerbouin/PexelsMore of us than ever are trying to make environmentally responsible travel choices. Sustainable travel is now less niche and more mainstream, with 93% of travellers in one survey
saying they would consider sustainable choices.
Russia’s war economy is not collapsing, but neither is it stable
Russia’s wartime economy is getting weaker as the war in Ukraine approaches its fourth anniversary, according to a recent report by PeaceRep, a research group led by the University of Edinburgh. The report, Against the Clock? Why Russia’s War Economy is Running Out of Time, finds that Russia is being forced to spend aggressively on the war, while its earning abilities have dropped significantly.
Cinven CEO and CFO step down amid risk of ban over price gouging
Regulator considers whether to ask court to ban pair after firm was fined over drugs sold to NHS
IFDP Paper: Inequality and Asset Prices during Sudden Stops(Revised)
Sergio VillalvazoThis paper studies the cross-sectional dimension of Fisher's debt-deflation mechanism that triggers endogenous Sudden Stop crises-i.e., episodes with large reversals in the current account. Analyzing microdata from Mexico, we show that this dimension has macroeconomic implications that operate via opposing effects. First, an amplifying effect by which households with high leverage fire-sale their assets during crises, increasing downward pressure on asset prices.
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