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Abu Dhabi-backed fund pulls out of deal to take over UK's Telegraph newspaper group
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Abu Dhabi, once an untapped desert city, sees its first brewery open as UAE relaxes its alcohol laws
In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab EmiratesABC News - World -
FirstFT: Investors pull money from Starwood $10bn property fund
Also in today’s newsletter, Shein switches IPO plans from New York to London and Pfizer hopes to settle thousands of lawsuitsFinancial Times - World -
Crypto Startups Pull $2.4 Billion in Venture Funding in First Quarter of 2024
Data from Pitchbook shows a 40 percent jump in investments in crypto startups from the last three months of 2023.Inc. - Business -
Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.CNBC - Business -
Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.NBC News - Top stories -
US to pull troops out of Niger by mid-September: Pentagon
The U.S. military will pull all of its assets out of Niger by mid-September, the Pentagon announced Sunday, after days of talks with the country’s military junta finalized a timeline. A group of military leaders executed a coup in Niger last year, ...The Hill - Politics -
Diplomatic crisis deepens as Spain pulls out Argentina envoy
Yahoo News - World -
Pension funds need ‘compelling’ returns from UK nuclear projects to invest
Potential investors tell Jeremy Hunt regulatory clarity also essential before backing new power plantsFinancial Times - World - United Kingdom -
Are consumers pulling back on spending? It depends which CEO you ask
With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers.NBC News - Top stories -
Are consumers pulling back on spending? It depends on which CEO you ask
Companies like PepsiCo have warned about a weak low-income consumer, while Delta Air Lines and Chipotle have benefited from their high-income customer bases.CNBC - Business
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Lai Ching-te is inaugurated as Taiwan's president in a transition that is likely to bolster island's ties with the U.S.
Lai Ching-te is inaugurated as Taiwan's president in a transition that is likely to bolster island's ties with the U.S.ABC News - World -
China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inauguration
China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inaugurationABC News - World - China -
Nepal's prime minister wins confidence vote in parliament, his fourth since taking office
Nepal’s prime minister will continue leading his shaky governing coalition after winning his fourth vote of confidence in two years on MondayABC News - World -
Ireland's top diplomat concerned over slow pace of justice in peacekeeper's killing
Ireland’s top diplomat has expressed concerns about the slow progress of criminal proceedings against several Lebanese men charged with the killing of an Irish peacekeeper in LebanonABC News - World -
Iranian President Ebrahim Raisi, supreme leader's protege, dies at 63 in helicopter crash
Iranian President Ebrahim Raisi has diedABC News - World - Iran