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Next weekend’s G7 summit in Hiroshima is, in part, a dealmaking retreat for leaders of different status. Each participant’s standing derives from some combination of their country’s size, GDP and military might, plus the leader’s charisma and electoral prospects. The biggest beast at the summit is always the American president. Lowly pack members like Giorgia
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Jeffrey Katzenberg has vowed to deliver “all the resources” Joe Biden needs for his 2024 re-election campaign as the Hollywood studio executive and prominent Democratic donor shrugged off concerns about the president’s political prospects. In a relentlessly upbeat interview, the co-chair of Biden’s campaign, who plays an important role in the fundraising effort, said he
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European stocks rose at the open on Thursday, buoyed by an overnight rally on Wall Street, as traders awaited an expected interest rate rise from the Bank of England. Europe’s region-wide Stoxx 600 gained 0.6 per cent, recovering from two consecutive days of losses, while France’s Cac index rose 0.9 per cent. Indices were tracking
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A good deal of scoffing has been blowing its way across the Atlantic towards Britain in recent days. For some Americans, the pomp and pageantry of King Charles III’s coronation seemed to all be a bit grandiose and nostalgic for a 21st-century democracy. “Hard to take this seriously,” tweeted a prominent American political scientist during
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In today’s newsletter US prosecutors prod Icahn Enterprises China cracks down on due diligence Big Law’s Gen-Z dilemma Can Wall Street’s most feared bruiser take a punch? When short seller Hindenburg Research released its report on Icahn Enterprises last week, we wrote in DD that most of Wall Street would be watching. It turns out
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More than three months after short seller Hindenburg Research accused Indian tycoon Gautam Adani’s conglomerate of engaging in stock price manipulation and accounting fraud, the company argues that its profits are proof of the strength of its business. “It’s unfortunate we had to go through this politicised, malicious report,” said Adani Group chief financial officer
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The US has for the first time transferred seized assets from a sanctions-hit Russian oligarch to send to Ukraine for the reconstruction of the war-ravaged country. The authorisation came on Wednesday from attorney-general Merrick Garland, who said additional moves of this kind would be forthcoming. “While this represents the United States’ first transfer of forfeited
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More than 2,500 EU-derived regulations are set to remain on the UK statute book beyond the end of this year, the government has announced, in a climbdown welcomed by business groups but criticised by Tory Brexiters. Kemi Badenoch, the UK trade secretary, confirmed that the “sunset” clause in the Retained EU Law Bill, which mandated
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Audits carried out by the Chinese arms of KPMG and PwC contained an “unacceptable” number of flaws, US inspectors said on Wednesday, as they vowed to expand examinations of large accounting firms in the country. The Public Company Accounting Oversight Board found multiple deficiencies in all four of the audits it examined by KPMG Huazhen,
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