Luxury executives say sector holding up despite tariffs
The wealthy are still buying, industry leaders said at Semafor’s Business of Luxury event Wednesday.
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NA beverages, GLP-1s an ‘existential threat’ to beverage business, José Andrés Group CEO says
The group’s global head, Sam Bakhshandehpour, said such trends hurt hospitality brands that largely depend on alcohol sales.
Elon Musk’s pay deal is a better model for CEO compensation
Musk's $1 trillion pay package, which gives bigger rewards for real, long-term success, makes more sense than current short-term compensation structures.
OpenAI, Anthropic usage data shows economic divide
New reports added fresh data to the worldwide debate over the AI's economic impact and testing the companies’ own predictions.
Abu Dhabi AI firm MGX lands stake in US chipmaker Altera
Altera makes semiconductors that can be reprogrammed after they leave the factory, making them useful in robots, cloud servers, and telecom hardware.
Saudi's PIF partners with pension fund for aircraft leasing unit
Pension fund Hassana has been taking an increasingly prominent role backing global fund managers that commit to investing in Saudi Arabia.
Macquarie, Carlyle held takeover talks to create alts giant
Merger talks, which would have created a $1 trillion asset manager, fizzled this summer as Carlyle shares continued sharp rise.
Saudi renews bid to be Middle East fintech leader with Riyadh conference
At a packed exhibition hall this week, more than 1,000 investors and executives from mostly US and Chinese firms mingled with local startups.
Telecoms giant MTN holds data center talks with US, European firms
Africa has fallen behind wealthier regions in the global rush to build the digital infrastructure required for AI.
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