Private Credit Firms Awash
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Private Equity Warms Up to Clean-Energy Tax Credits
Private-equity firms are beginning to tap a nascent market for clean-energy tax credits, betting on a boost to returns from helping project developers get better terms for the tradable credits.The Wall Street Journal - World -
How are universal credit rules changing?
People claiming universal credit and working under 18 hours a week will have to look for more work.BBC News - Top stories -
Cindy Chao Credits Her Success to Perseverance
The jewelry brand is turning 20, boosted by expanding its focus increasingly toward Asian clients.The New York Times - Lifestyle -
Water firm 'fallen short' on parasite outbreak
Susan Davy says South West Water will "not stop working until the situation has been resolved".BBC News - Top stories -
Water firm criticised over 'scary' outbreak
A caretaker from Brixham says it is "probably the worst ailment" he has had in his adult life.BBC News - Top stories -
Water firm's response to outbreak contemptible - MP
South West Water says some 16,000 homes and firms are affected but it is clearing the contamination.BBC News - Top stories -
Chinese Firms Face Authoritarianism at Home and Hostility Abroad
The experience of TikTok’s owner, ByteDance, in Beijing and Washington shows how much the ground has shifted for China’s entrepreneurs.The New York Times - Business -
Now everyone hates private equity I’ll buy some
And I’ve found a way to do it that avoids the insane feesFinancial Times - World -
Private tour inside St. Peter's Basilica in Vatican City
Join Norah O'Donnell for a rare, private tour inside St. Peter's Basilica in Vatican City, the largest church in the world. Watch Sunday's 60 Minutes for a wide-ranging conversation with Pope Francis and tune in Monday, May 20, for a Primetime ...CBS News - Top stories -
European private equity groups forced to keep assets longer
Some firms are struggling to exit investments made when the industry boomed while interest rates were lowFinancial Times - Business -
What private equity ownership could look like in the NFL
A move to allow private equity firms to invest in NFL teams would represent a large shift in how the league has historically operated.ESPN - Sports - NFL -
Too Many Credit Cards? Here's How Visa Plans to Change That
The credit card company plans numerous technological innovationsthat will widen payment options and reduce the number of cards people carry in their wallets.Inc. - Business -
US green energy push expected to generate $47bn market in tax credits
Oil companies, banks, private equity and others partner with renewables developers to offset liabilitiesFinancial Times - World -
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business -
Law firms probe best ways to win a head start on using AI
Legal innovators in the Asia-Pacific region are racing to show how they will adapt to the latest techFinancial Times - World -
Wanted: Japanese firms’ policy advice on AI, trade and crypto
Legal expertise based on experience in government and industry is in demand to help shape regulationFinancial Times - World - Japan -
Grand Theft Auto maker firms up GTA 6 release date
The latest instalment of the hugely popular series will be released in autumn 2025, its publisher says.BBC News - Top stories -
UK engineering firm Arup falls victim to £20m deepfake scam
Hong Kong employee was duped into sending cash to criminals by AI-generated video call. Business live – latest updatesThe British engineering company Arup has confirmed it was the victim of a deepfake fraud after an employee was duped into sending ...The Guardian - World - United Kingdom -
Post-Brexit border checks forecast to cost UK £4.7bn, says NAO
Watchdog says says repeated delays have caused unnecessary costs and strategy lacks a ‘clear timetable’. The government expects to have spent at least £4.7bn on introducing post-Brexit border controls, which have been repeatedly hit by delays, the ...The Guardian - World - United Kingdom -
Half of venture firms will ‘fade or fail,’ prominent VC forecasts
As many as half the venture-capital firms will fade or fail, says a prominent player in that space.MarketWatch - Business -
'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.CNBC - Business -
‘We had no idea what private equity was about’: Japanese chipmaker CEO on buyout bosses
Fumiyuki Kanai came to value KKR as a tool for change ahead of country’s biggest IPO in five yearsFinancial Times - Business -
Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
Americans are increasingly falling behind on their credit card payments, recent reports show.CNBC - Business -
1 in 5 credit cards are maxed out: 5 ways to lower your balance
If you're dealing with maxed-out credit card accounts, these strategies can help cut down on what you owe.CBS News - Top stories -
Four minors found working at Alabama poultry plant run by same firm found responsible for Mississippi teen's death
Four minors were allegedly found working at an Alabama slaughterhouse run by the same firm found responsible for the death of a Mississippi 16-year-old in 2023.NBC News - Top stories -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.The Wall Street Journal - World -
Trex, a maker of weatherproof decking, will invest $450 million to boost capacity and give the company a firm footing in the South, bucking forecasts for a decline in home-improvement spending.
Trex, a maker of weatherproof decking, will invest $450 million to boost capacity and give the company a firm footing in the South, bucking forecasts for a decline in home-improvement spending.The Wall Street Journal - World -
‘Our prenup stirred up resentment’: My husband, 62, lives in my home. I pay for his credit card, car loan, vacations and groceries. Now he wants to pool our assets.
“He has $1.2 million invested. I have close to $5 million in investments.”MarketWatch - Business -
‘I racked up $45,000 in credit-card debt doing home repairs’: Should I refinance my $1.5 million house — or take out a personal loan to pay it off?
“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”MarketWatch - Business