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With 45 investors supporting the business, including Invesco, Experian Ventures, and Softbank Vision Fund, the proposed fine puts a dent in the company’s reputation following its July US$2bn 5-year Softbank-backed digital infrastructure plan to expand into Indonesia. Following the merger between Grab and Uber in late March 2018, Grab swiftly became the dominant player...

We, mortals, are left to the whims of politicians when it comes to inheritance taxes. It is a morbid thought, a toss-of-the-coin-countdown to when you think you may kick the bucket (KTB). However, Chancellor Javid made some musings over cutting inheritance tax (IHT) at the recent Conservative Party Conference. Or at least he shared...

Private equity firms are divided on the stability and growth trajectory of China-based portfolio company investments. Uncertainty is ruling this space, but General Atlantic CEO Bill Ford remains positive and is looking at China long-term. About 55% of General Atlantic’s portfolio is invested outside the United States, with about 10% in China, reports CNBC.

This week the world’s first revenue-generating drone airline, yes that’s a thing now, was launched by UPS and approved by the US Federal Aviation Administration through an industry-first Part 135 Standard certification, UPS reported. Last Friday, UPS subsidiary, UPS Flight Forward Inc., launched the first drone delivery flight by any company under Part 135 Standard at...

Transforming a challenge into a solution is something my mother has often succeeded in. One of my first memories of this trait occurred on a rainy day in 1979. Head tilted chin in hand, a look of forlorn on my freckled cheeks, Mom walked into the kitchen and found her kindergartner sulking and counting raindrops. The family...

The EBRD has launched the first-ever dedicated climate resilience bond, raising US$ 700m with the issuance. BNP Paribas, Goldman Sachs, and Skandinaviska Enskilda Banken AB acted as joint bookrunners, which saw demand from approximately 40 investors in 15 countries. The proceeds from the five-year bond will be used to finance the...

This week global advisory and insurer, Willis Towers Watson (NASDAQ: WLTW), launched in tandem with governments including the UK and Jamaica, the Global Commission on Adaptation and the World Economic Forum, a private-sector led Coalition for Climate Resilient Investment. The definition of climate-resilient infrastructure investment will need more explaining or at least more fine-tuning,...

Signs that family offices will keep overall portfolio allocation in private equity at or slightly above 15% are expected to continue as interest rates stay low and uncertainty and volatility in global public markets and geopolitics prevail into 2020. This allocation away from the traditional asset classes of equities and fixed income improved...

Business investment in the UK had fallen by 0.5% in 2019 Q2, and had now declined in five of the past six quarters, according to The Bank of England’s Monetary Policy Committee (MPC) meeting ending on 18 September 2019, which also voted unanimously to maintain Bank Rate at 0.75%. Contacts of the Bank’s Agents had continued to report...

BANKSY (B. 1975) Morons (Sepia) screenprint in colours, 2007, on Somerset wove paper, signed in pencil, numbered 69/300, published by Pictures on Walls, London, with their blindstamp Photo Source: Christies