Coral Tree Buys Digital Jukebox Music Provider AMI From Gores Group
Private equity firm Coral Tree Partners has purchased the digital jukebox service provider AMI Entertainment Network from Gores Group.
Bloomberg Business
Ghana’s Surprise Inflation Surge to 50.3% Points to Rate Hike
Ghana’s inflation rate jumped more than expected in November fueled by a slump in the cedi, raising pressure on the central bank to continue increasing borrowing costs next month.
ECB to Allow Staff to Work Remotely for About Half of the Time
The European Central Bank will let staff work remotely for 110 days a year — roughly half their time.
Meta Accused in Lawsuit of Amplifying Hate Speech in Africa
Meta Platforms Inc. has been accused of amplifying hate speech and inciting violence on Facebook in Africa, in a lawsuit filed in Kenya’s high court that’s calling for about $2 billion in restitution.
Billionaire Agarwal Struggles to Get Backers for $19 Billion Chip Unit
Billionaire Anil Agarwal is struggling to find financial backers for a planned semiconductor factory in India with an investment of as much as 1.54 trillion rupees ($18.6 billion), according to people familiar with the matter.
UK, EU Seek to Clinch Northern Ireland Brexit Deal by February
European Union and British officials are seeking to unlock an agreement on their post-Brexit trade relationship by February and put to rest a contentious dispute that’s overshadowed relations since the UK left the bloc three years ago.
Michael B. Jordan Teams Up With Billionaire Bill Foley to Buy Stake in AFC Bournemouth
A group including billionaire Bill Foley and Hollywood actor Michael B. Jordan has bought AFC Bournemouth, marking the latest entry of American investment in UK football and a rare Black stakeholder in the country’s top league.
Olaplex’s ‘Broke My Hair’ Problem Is a TikTok Cautionary Tale
The hair-care brand pitched investors on social media buzz, but it’s now being plagued by online complaints. The company says its products are safe and effective.
BlackRock Is Becoming the Republican Bogeyman for ESG
Ron DeSantis labels the asset manager “woke,” while activist investors question the urgency of the Wall Street giant’s ESG campaign.
England Will Ban Single-Use Plastic Cutlery to Protect Oceans
The UK government will imminently announce an oceans-protection package to ban single-use plastic cutlery in England, people familiar with the plans said.
