Getty Images The dam collapse in 2015 destroyed many villages and engulfed homes Mining giants BHP and Vale have signed a deal with the Brazilian government to pay nearly $30bn (£23bn) in compensation for the Mariana dam collapse in 2015 that caused the country’s worst environmental disaster. Brazilian President Luis Inacio Lula da Silva attended … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US judge has blocked the $8.5bn deal between Tapestry and Capri that would have put some of America’s largest fashion brands under one roof, in a big win for antitrust regulators. Judge Jennifer Rochon’s … Read more
Boeing had a challenging day that was expected to improve on Wednesday night. However, it did not as more than 32,000 striking factory workers rejected Boeing’s latest contract offer after the company reported a $6 billion loss for the quarter. With production at Boeing’s facilities in the Pacific Northwest halted, the company’s bargaining power seems … Read more
Spark Capital led the round and was joined by Index Ventures and others. PRIVATE EQUITY DEALS – Thoma Bravo is in advanced talks to acquire Anaplan, a San Francisco-based planning software maker, for more than $10 billion, according to Bloomberg. Anaplan was taken private by private equity firm Vista Equity Partners in 2016 for $4.5 … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing has reported a $6 billion loss for the third quarter and has stated that it will continue to experience financial difficulties next year. The new chief executive, Kelly Ortberg, has warned that the company … Read more
Amid Warren Buffett’s $132 Billion Warning to Wall Street, He Can’t Stop Buying Shares of These 4 Unstoppable Stocks Arguably no money manager is more closely followed on Wall Street than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Aside from being an open book and willingly sharing the traits he looks for when putting … Read more
Bitcoin nearly reached $70,000 on Monday due to a surge in inflows into exchange-traded funds for the largest digital asset, along with optimism surrounding the outlook for US regulations. The cryptocurrency saw a 1% increase before leveling off at $68,720 as of 11 a.m. in Singapore. Other smaller tokens like Ether and Solana traded within … Read more
“ KIND is a company that focuses on providing healthy snacks that are good for your body, taste buds, and the world. Daniel Lubetzky, the founder and chief impact officer of KIND, shared with Fortune in a recent interview. Having grown up in Mexico City, Lubetzky’s father was a Holocaust survivor with minimal education. After … Read more
BlackRock’s Bitcoin ETF Gobbles Up $1B This Week, Fidelity Leads Among Ethereum ETFs with $31M Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) ETF has attracted over $1 billion in inflows this week alone, which has helped propel the apex crypto … Read more
Get the latest updates for free Sign up now for the War in Ukraine myFT Digest and receive updates directly in your inbox. The United States is prepared to offer up to $20 billion as part of a G7 loan to Ukraine, which will be repaid using profits generated from Russia’s frozen assets, according to … Read more