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Gambling technology group Playtech has received a third takeover approach, from a company controlled by the former F1 boss Eddie Jordan. The approach puts Jordan in competition with Playtech’s second-biggest shareholder Gopher and Aristocrat, an Australian slot machine developer. Playtech said late on Wednesday that JKO Play Limited, a consortium led by Jordan and a

Cryptocurrency trading site Crypto.com reportedly is paying $700 million in a 20-year deal to hang its name on the leading indoor sports and concert venue in Los Angeles, currently called the Staples Center. The new name is planned to debut on Christmas Day 2021, when the arena’s prime tenant, the Los Angeles Lakers of the

A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021. Bing Guan | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) Rivian’s blockbuster initial public offering last week pushed the total exit value for U.S. public-market listings this year

Nvidia said on Wednesday that it still believed its proposed acquisition of Arm would benefit the British chip design company’s customers and the industry at large, just a day after the UK launched a national security investigation into the deal. The US chipmaker’s remarks came ahead of a call with Wall Street analysts late on Wednesday to discuss

US and UK authorities have said Iran is conducting an “ongoing” campaign of ransomware and other cyber attacks on US critical infrastructure and Australian organisations that began in March. In a joint statement, the FBI and the Cybersecurity and Infrastructure Security Agency together with the UK and Australian cyber security centres said that Iranian government-sponsored

Key Takeaways Analysts estimate adjusted EPS of RMB 12.11 ($1.90) vs. RMB 17.97 in Q2 FY 2021. Annual active consumers in China are expected to rise YOY. Revenue is expected to rise at its slowest pace in five quarters amid a regulatory crackdown on the tech industry by Chinese authorities. Alibaba Group Holding Ltd. (BABA),

(Click here to subscribe to the new Delivering Alpha newsletter.) Private equity is one of the few asset classes that’s been able to outperform even public equities during the bull market. And the sector is reaping the benefits of that outperformance with 529 firms in the space raising an aggregate equity volume of $1.4 trillion over a

US policymakers and other financial experts have escalated calls for reforms to the $22tn market for US Treasury securities to protect it from future shocks after recent episodes of chaotic trading. The world’s most important government bond market was thrown into disarray in March last year when investors spooked by the start of the coronavirus

German car parts supplier Continental has parted company with its chief financial officer with immediate effect after becoming aware of “shortcomings” in an internal investigation relating to the 2015 diesel emissions scandal. Wolfgang Schäfer, who had been in his role since 2010 and was also responsible for the group’s compliance, law and intellectual property division,

One of the great misconceptions about credit card debt is that the cards themselves are bad. The truth is, they’re really not. Rather, it’s the effect of double-digit interest rates that make them so toxic to our personal finances. The exponential growth of an account balance quickly causes purchases we thought we’d easily pay off over a few months

Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Upgrade, the fintech start-up that turns credit card balances into installment loans, has closed a fundraising round that values the company at $6.28 billion, CNBC has learned. The company raised $280 million in its

The Scottish government has been forced to disclose that the value of the taxpayer guarantee it provided to metals magnate Sanjeev Gupta’s business was £586m, following a near two-year freedom of information battle with the Financial Times. The amount was the total gross guarantee provided when Gupta’s GFG Alliance bought an aluminium smelter in Lochaber,

Hello from Washington, where President Joe Biden is fresh from a virtual meeting with Chinese premier Xi Jinping. Trade was raised, a senior administration official told reporters, before adding: “I wouldn’t say that it in any way sort of dominated the conversation.” Meanwhile, inflation is the number one preoccupation among economic types in Washington, and the subject

Editor’s note: Below you’ll find the week 64 release of the NYC Recovery Index, originally published November 9, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index broke its record-setting streak, falling just over six points to a score of 78 as of Oct. 30, after three

The view from SpaceX’s Crew Dragon spacecraft Endeavour of the International Space Station, as well as the company’s Crew Dragon spacecraft Resilience, as the capsule approached to dock on April 24, 2021. NASA TV The Russian military has destroyed a defunct satellite, showering low Earth orbit with shrapnel and causing astronauts to shelter on the

The chief executive of an American call centre technology company advised by former UK prime minister David Cameron has been accused of sexual harassment and assault by a former employee. Tatiana Spottiswoode, a law student at Columbia Law School, told members of Congress on Tuesday that she had felt pressured into a sexual relationship by

Singapore’s non-oil domestic exports showed robust growth in October, signalling an upbeat outlook for fourth-quarter economic growth as the city-state opens up after ditching a zero-coronavirus strategy.  Exports rose 4.2 per cent in October month-on-month, a faster pace than the previous month’s 1 per cent increase in what analysts described as a strengthening of momentum.

In this article WMT CNBC’s Jim Cramer said Tuesday that Walmart shares should not be lower — characterizing the move as a Wall Street problem and not an indication of anything wrong with the retail giant’s quarterly results. Shares of Walmart opened down more than 1% and slid further on the notion that the company

Contributions to individual retirement accounts can be made for the previous year up to the tax-filing deadline of the current year. But the tax deductions for 401(k) plan contributions and most other salary-deferral retirement plans usually apply only to the calendar year in which they are actually withheld from the taxpayer’s paycheck. The following significant differences

Joe Biden and Xi Jinping have agreed to hold talks aimed at reducing tensions, as US anxiety grows at China’s expanding nuclear arsenal and its recent test of a hypersonic weapon. Jake Sullivan, US national security adviser, said the US and Chinese presidents had discussed the need for nuclear “strategic stability” talks in their virtual

Shell has been threatened with an exit penalty by Dutch opposition parties after the energy company’s decision to end its dual share structure and move its tax base to the UK triggered a political backlash in the Netherlands. Tom van der Lee, an MP from the Dutch green party, told the Financial Times that he would

The embargo on U.S. trade with Cuba was put into place in 1960 and, after a brief thaw under one president that promptly refroze with the next, there it stays today. That said, for many years the travel embargo has had so many holes in it that plenty of U.S. citizens have gone back and

Mark Huband was not a journalist who could ‘report a story and then forget about it” © Courtesy of Marceline Huband Mark Huband, who has died aged 58, was a foreign correspondent, poet and business intelligence executive who stood as a Labour party candidate in the UK’s 2019 general election. He published eight books on

Cathay Pacific is looking at asking pilots to live outside of Hong Kong for several months, as the airline is forced to consider more radical measures to operate under the city’s strict Covid-19 quarantine policy. Hong Kong’s approach, which business chiefs have warned could cripple the economy, is the latest threat to the city’s de

Some people consider “early retirement” to mean leaving the workforce at age 55, but most of us do not take this path. Unless you’re lucky enough to have a full pension and benefits that kick in that early—such as full military retirement or from work as a police officer or firefighter—you’ll probably need to work

Temasek, Singapore’s state-backed investor, is pushing further into agriculture technology as the city-state turns to lab-grown meats and milks to achieve greater food security. The fund has invested over $8bn in the sector, including in more than 30 start-ups, almost a quarter of which have achieved a valuation of more than $1bn. Life-science and agribusiness

Google created a task force to deter Android users from downloading the popular game Fortnite outside of its Play Store, Epic Games alleged in a court filing made public on Monday. The move helped Google lock in fees from the game but contradicted the idea of Android being an “open” platform, according to the legal

Thinking about purchasing an investment property? Real estate has produced many of the world’s wealthiest people, so there are plenty of reasons to think that it is a sound investment. Experts agree, however, that as with any investment, it’s better to be well-versed before diving in with hundreds of thousands of dollars. Here are the factors

Nato’s secretary-general has called on Moscow to ease tensions with Ukraine and be transparent about its military activities as he warned of “unusual concentrations” of Russian troops near the country’s borders. Nato has been monitoring a “significant” build-up of Russian military forces, Jens Stoltenberg said in a news conference, as he vowed to be “clear

Wall Street stocks slipped on Monday as shares in several 2021 high-flyers including Tesla and Nvidia pulled back from their recent peaks. The blue-chip S&P 500 share index inched lower, while the technology-focused Nasdaq Composite fell 0.2 per cent. Tesla had fallen more than 4 per cent by afternoon trading in New York, leaving it