Sapphire Sport Starts $181 Million Venture Fund as Sector Grows
Investors in the firm’s second fund include Adidas, Sinclair, MSG and several team owners.
Bloomberg Business
Americans Like the Supreme Court More — But Still Not That Much
Public perception of the US Supreme Court has crept back up since bottoming out last year when the court eliminated constitutional abortion rights, according to a new Marquette Law School poll.
China Says Covid Deaths, Severe Cases Drop By More Than 70%
The number of Covid-related deaths and severe cases at Chinese hospitals have declined by more than 70% from peak levels reached in early January, according to the Chinese Center for Disease Control and Prevention.
Traders Bet BOE Will Cut Rates Before Year-End to Shore Up Economy
Traders are betting the Bank of England will reverse course and cut its key interest rate later this year to shore up a flagging economy.
BNP Frankfurt Office Raided by Prosecutors in Cum-Ex Probe
BNP Paribas SA’s Frankfurt offices were raided by German prosecutors as part of their vast investigation into the controversial Cum-Ex scandal that has swept up Wall Street’s biggest banks.
Luxury London Real Estate Draws Most Mideast Buyers in 4 Years
Middle Eastern buyers of prime real estate in central London hit a four-year high in the second half of 2022, when they took advantage of the weak pound and relaxed covid restrictions, according to property consultant Knight Frank LLP.
GAM Seeks Turnaround Plan as Fifth Annual Loss Looms
GAM Holding AG said it will post its fifth straight loss and pushed the publication of its 2022 results to April as the asset manager scrambles to come up with a strategy to turn around its business.
Microsoft Resolves Networking Issues That Caused Cloud Outages
Microsoft Corp. has resolved widespread problems with its online services, including Outlook and Teams, that it attributed to networking issues.
Private Equity’s Loved Assets Turn Problem Children in Downturn
The private equity industry is waking up to a reckoning after more than a decade of stratospheric growth fueled by cheap debt and a relentless flow of investor capital.
Twitter Sued in Germany Over Vetting of Antisemitic Posts
Twitter Inc. was hit by a lawsuit in Germany by an anti-hate speech organization and a European group of Jewish students in a bid to force the platform to remove antisemitic content.
