Portugal’s Plan for Sale of Carrier TAP to Be Approved Next Week
The Portuguese government will approve the plan for the privatization of state-owned airline TAP SA at a cabinet meeting next week, Prime Minister Antonio Costa said.
Bloomberg Business
Tony Blair Says Britain Can Carve Out Economic Niche as AI Hub
Former UK Prime Minister Tony Blair said Britain can carve out an economic niche as a hub for innovation in artificial intelligence, saying the AI revolution is the most important issue facing policymakers.
Brunswick Prep School Is Borrowing to Expand Campus and Housing
An elite boys’ prep school located in hedge-fund capital Greenwich, Connecticut, is borrowing money to finance expansion and faculty housing.
Revolut Delays Filing Full-Year Results for Second Time in a Row
Revolut Ltd. has a three-month extension to publish its annual accounts, marking the second year in a row the UK’s largest fintech has needed more time.
Barclays’s Hengster Sees 2024 Deals Rebound as Financing Returns
Mergers and acquisitions will pick up in the first half of next year as confidence returns to the leveraged finance market, according to Ingrid Hengster, Barclays Plc’s Chief Executive Officer for Germany.
Lula Has a Date With Zelenskiy in NYC Despite Past Acrimony
After a disappointing video call and an awkward snub at the Group of Seven, Brazil’s Luiz Inacio Lula da Silva and his Ukrainian counterpart Volodymyr Zelenskiy finally have a date.
DWS CEO Hoops Says Inflows Solid as 2023 Recovery Continues
DWS Group Chief Executive Officer Stefan Hoops said the asset manager continued to see strong inflows in July and August, bolstering the firm’s rebound after after almost €20 billion flowed out last year.
World Debt Surges to Record $307 Trillion, Rises as Share of GDP
Global debt climbed by $10 trillion in the first half of 2023, resuming its upward march as a share of the world economy after falling for close to two years as inflation surged, according to the Institute of International Finance.
Erdogan Stays Defiant On Delay to Sweden’s Bid to Join NATO
Turkish President Recep Tayyip Erdogan and a top aide said approval for Sweden’s bid to join the North Atlantic Treaty Organization has yet to be discussed in parliament amid ongoing concerns related to a Kurdish militant group.
Berkshire Shows Unusual Risk Appetite in Wildfire Court Fight
Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon.
