Latest in Europe Overhauls Funding
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Would Trump really go to war with Europe for Greenland?
Also in this newsletter: French and German business spar over green rulesFinancial Times - Jan. 9 -
Anthropic in Talks for $2 Billion Funding Round
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.The New York Times - Jan. 8 -
U.S. Funding Dispute With World Anti-Doping Agency Boils Over
After the Biden administration withheld funding to the agency, saying it had lost confidence in its ability to police elite athletes, WADA removed the United States from its board.The New York Times - Jan. 8 -
Taxpayer Advocate urges Congress to preserve IRS funding for service, technology
The National Taxpayer Advocate has urged Congress to preserve IRS funding for taxpayer service and technology amid Republican scrutiny.CNBC - Jan. 8 -
EU leaders warn Trump not to meddle with Europe’s borders
Comments from German Chancellor Olaf Scholz and French foreign minister follow US president-elect’s Greenland threatsFinancial Times - Jan. 8 -
Active mutual funds struggle to beat large-cap stock benchmarks — again
Professional stock pickers in the mutual-fund industry had a tough time in 2024 beating indexes that passively track U.S. large-cap equities, according to BofA Global Research.MarketWatch - Jan. 8 -
Chinese airlines rush into Europe as western carriers retreat
Ability to keep flying over Russia helps three big state-owned carriers undercut European rivalsFinancial Times - Jan. 8 -
NASA overhauls plan to bring samples from Mars back to Earth
NASA on Tuesday announced an overhaul to its plan to collect samples from Mars and return them to Earth.NBC News - Jan. 7 -
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
The Amazon-backed OpenAI rival was valued at $18 billion last year.The Wall Street Journal - Jan. 7 -
Meta Drops Rules Protecting LGBTQ Community as Part of Content Moderation Overhaul
The changes included allowing users to share “allegations of mental illness or abnormality when based on gender or sexual orientation.”The New York Times - Jan. 7 -
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.ABC News - Jan. 7 -
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Europe leaders criticise Musk attacks
Although some of Europe's leaders have found favour with the billionaire, others are worried by his interventions.BBC News - Jan. 7 -
Anthropic in talks to raise funding at $60 billion valuation
AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.CNBC - Jan. 7 -
Hims & Hers donates $1 million to Trump's inauguration fund
OpenAI CEO Sam Altman and Meta both announced $1 million donations, and Amazon and Apple CEO Tim Cook have also reportedly contributed.CNBC - Jan. 7 -
The first step for the Democrats to win again: A party overhaul
The playbook we’ve used for decades must be discarded, and power brokers who haven’t had a big win since 2012 should not be who we look to for solutions.The Hill - Jan. 7 -
No 'overhaul': Jags fire Pederson, keep Baalke
The Jacksonville Jaguars fired head coach Doug Pederson but retained GM Trent Baalke on Monday, the team announced.ESPN - Jan. 6 -
Minneapolis Promises Police Overhaul in Deal With Justice Department
With only two weeks left in the Biden administration, officials hurried to finalize a plan in the city where George Floyd was murdered.The New York Times - Jan. 6 -
Trump backtracks from 'one big, beautiful bill' to fund his agenda
After nearly derailing a spending bill last month, Trump continues to shake up business on Capitol Hill, shifting positions on how Republicans should fund his policies.ABC News - Jan. 6 -
Nicolas Sarkozy goes on trial accused of receiving illegal funding from Gaddafi
Former French president alleged to have received millions of euros from Libyan dictator’s regime to fund campaign. Nicolas Sarkozy has gone on trial over allegations he received millions of euros ...The Guardian - Jan. 6 -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - Jan. 6 -
Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investorsFinancial Times - Jan. 6 -
Europe is not a business backwater
Comparisons with the US stock market undersell the continent’s companies and their potentialFinancial Times - Jan. 5 -
Is Europe dream a reality for Bournemouth?
Bournemouth are on a club-record unbeaten run in the Premier League and are just three points off the top four, so could the dream of European football become a reality?BBC News - Jan. 4 -
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Syria's New Islamic Government Creates Controversy With Education Overhaul
Documents released this week by the new government in Syria spur concerns about whether it will seek to impose a conservative Islamic worldview.The Wall Street Journal - Jan. 4 -
Europe readies for scattergun defence-spend bonanza
Sickly economies and budgetary pressures likely to hit proposals and any increase will be thinly spreadFinancial Times - Jan. 4 -
Streeting to unveil extra funding for English hospitals that cut waiting times fastest
Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’Financial Times - Jan. 4 -
USB-C Is Now the Law of the Land in Europe
Apple has already pulled devices to comply with the European Commission’s new Common Charger Directive.Wired - Jan. 3 -
Rugby overhauls laws mid-season with Premiership to follow Champions and Challenge Cup changes
The Champions and Challenge Cups will adopt four new law trials midway through the pool stage of the competition, with the Premiership following suit later this month for the 11th round of league ...Yahoo Sports - Jan. 3 -
Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - Jan. 3 -
China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for creditFinancial Times - Jan. 3 -
Ken Griffin's flagship hedge fund at Citadel climbs 15.1% in 2024
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.CNBC - Jan. 2 -
Hedge funds Citadel and Millennium gain 15% in 2024
Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industryFinancial Times - Jan. 2 -
Europe needs to tackle its red tape problem
Complex overlapping rules and burdensome reporting requirements are strangling EU growthFinancial Times - Jan. 2 -
Ukraine halts supply of Russian gas to Europe
Ukraine ends agreement to allow gas to flow through its pipelines, with European supplies set to be tested as cold weather forecast later this week. Ukraine has halted Russian gas supplies to ...The Guardian - Jan. 1 -
Ukraine stops transport of Russian gas to Europe
Ukraine has halted the transportation of Russian gas supplies through the country after a prewar transit deal expired at the end of last year, the nation's energy minister confirmed. Ukraine ...The Hill - Jan. 1 -
US investors in China venture funds race to comply with new tech rules
Financial institutions rush to secure assurances their money is not being used to develop Chinese technologyFinancial Times - Jan. 1
