58 h. ago Carlyle raises $20bn to scoop up ageing private equity stakes

Secondaries market has boomed in recent years as pension funds and endowments seek to exit investments

Economics

9 d. ago Why Intel investors have embraced an interventionist White House

Plan to take equity stake in chipmaker seen as signal of stronger backing for company as a national chip champion

Economics

2 w. ago US pursuing stake in struggling chipmaker Intel, commerce secretary says

Trump administration looking to convert funding from Chips Act into equity in the semiconductor manufacturerThe US government is pursuing a stake in Intel, the US commerce secretary said on Tuesday, confirming reports of discussions between officials and the company that have circulated for the better part of a week.The Trump administration wants to convert funding from the Chips and Science Act, which funds research and manufacturing of semiconductor chips in the US, into equity in the struggling tech company, according to Howard Lutnick. Continue reading...

Politics

2 w. ago SoftBank invests $2bn in Intel; proposed new UK property tax ‘could cut cost of buying expensive homes’

Washington reportedly considering 10% stake in US chipmakerGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Japan’s SoftBank has agreed to invest $2bn (£1.5bn) in Intel, the struggling US chip company, while the Trump administration is reportedly considering a 10% stake in the business by converting Chips Act subsidies into equity. That would make Washington Intel’s largest shareholder.Semiconductors are the foundation of every industry. For more than 50 years, Intel has been a trusted leader in innovation. This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role. Continue reading...

Economics

2 w. ago Two Carnival cruise guests drown at new Bahamas resort on same day

Deaths of Americans aged 74 and 79 occurred at Celebration Key, a private destination for Carnival cruise passengersTwo US nationals in their 70s apparently drowned in two separate incidents on Friday at a new resort in the Bahamas, according to officials.The deaths happened at Celebration Key, a $600m private destination created for Carnival Cruise Line passengers that launched in July about 100 miles (160km) off the coast of Florida. Continue reading...

Events

3 w. ago Lammy refers himself to watchdog after fishing illegally with JD Vance

Foreign secretary reports ‘oversight’ to Environment Agency after failing to acquire necessary rod licence David Lammy has referred himself to the environment watchdog after going fishing with JD Vance without the required licence during the US vice-president’s trip to the UK.The foreign secretary hosted Vance and his family at Chevening House in Kent last week, where the pair fished from the property’s private lake. Anglers aged 13 and over must hold a rod licence to fish for freshwater species such as carp in England and Wales. Lammy failed to land a catch, but “all of my kids did”, Vance said. Continue reading...

Events

3 w. ago Families of people dying too young to access pensions not spared in inheritance tax raid

Taxing pensions of anyone who dies before 55 - the minimum age to access private pots - has been decried as 'unbelievably unfair' and 'abhorrent' by some money experts.

Economics