This article is part of Bain’s 2024 Technology Report. It wasn’t so long ago that private equity investors were convinced the slide in tech dealmaking would reverse itself by mid 2024. Stable, if not falling, interest rates would combine with aging portfolios and the industry’s mountains of dry powder to prod the market forward again. It hasn’t turned out that way. While deal markets bottomed out in the year’s first half, private investors continue to wrestle with heavy uncertainty about when central bankers may finally ease rates. That, coupled with choppy growth prospects for many software-as-a-service…
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The steel industry has initiated drastic changes to cut carbon emissions and become a climate warrior. Greening steel industry: Anthropogenic CO2 emissions have increased atmospheric concentrations to unsustainable levels, impacting the planet’s climate. It is estimated that CO2 levels in the atmosphere are about 50% higher than the 280 ppm of pre-industrial times. The use of fossil fuels for power generation, transportation, and other industrial applications has resulted in the release of about 37 gigatonnes (Gt) of CO2 annually, leading to global warming and erratic weather conditions. There is a need to accelerate the reduction of global greenhouse gas emissions…
Nvidia CEO Jensen Huang.I-Hwa Cheng/AFP/Getty ImagesUS stocks reached new records on Tuesday, led by gains in Nvidia.A weak consumer confidence reading caused indexes to briefly drop early morning.Emerging market stocks notched their highest level in two years on China’s stimulus plan.US stocks kept up their winning streak on Tuesday, with indexes pushing higher to new records.The gains weren’t locked in from the start, however, as early-morning economic data briefly drove the S&P 500 and Nasdaq index into the red.Investors reacted with dismay after the latest consumer sentiment reading, with confidence among US consumers logging its largest one-month drop in more…
(Reuters) – The U.S. is investigating several companies, including German software developer SAP SE (ETR:) and Carahsoft Technology, for potentially conspiring to overcharge government agencies over the course of a decade, Bloomberg News reported late on Tuesday. The U.S. Department of Justice (DOJ) lawyers have been investigating since at least 2022 whether SAP illegally conspired with the IT solutions provider to fix prices on sales to the U.S. military and other government entities, the report said, citing federal court records filed in Baltimore. SAP, Carahsoft, and the DOJ did not immediately respond to requests for comment outside regular business hours.…
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s former Transport Minister S. Iswaran has pleaded guilty to receiving gifts while in office, as proceedings began on Tuesday in the first graft trial involving a minister in this Asian financial hub. The case, which charges Iswaran with receiving favours that included tickets to English Premier League soccer matches and to the Singapore Formula 1 Grand Prix, has gripped the wealthy city-state, which prides itself on having a well-paid and efficient bureaucracy as well as strong governance. Iswaran, who joined the cabinet in 2006, is the first Singaporean minister to be tried in…
Image source: Getty Images I’m searching for the best FTSE 100 recovery shares to buy for next year. And Burberry Group (LSE:BRBY) is near the top of my list after its recent share price collapse. Should I buy it for my portfolio? Here’s my view. On the rack I take Warren Buffett‘s advice to “never invest in a business you cannot understand” extremely seriously. It’s why I’ve never previously considered buying Burberry shares for my portfolio. It might be my age, or because I don’t understand fashion. Regardless, I don’t know what makes its products better or worse than other…
Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. For this episode, I’m tackling carbon credits with my guest Mahesh Ramanujam, CEO of Global Network for Zero and formerly the president & CEO of USGBC. For Ramanujam, carbon credits are a necessary bridge to achieving net zero in commercial real estate and the world. Not everyone shares that view, so we talk about why carbon credits have a public relations problem and the need for greater transparency and more verification. “Our work is to really make the invisible visible…
Choosing the right gold investment matters, even with the price of gold continuing to climb. Getty Images After reaching a new all-time high of over $2,600 per ounce yesterday, gold prices have continued to surge. Less than 24 hours later, the price of gold is now sitting at nearly $2,660 per ounce. That may seem surprising, given that gold is typically a long-term investment, but the precious metal has hit numerous record highs so far this year, with gold prices up nearly 29% year-to-date. In turn, gold has become an increasingly attractive asset for investors.If you’re considering joining the gold…
(Reuters) – Australia’s federal court has imposed a record A$12.9 million ($8.89 million) fine on top U.S. asset manager Vanguard’s local unit for making misleading claims about its ethical and green investment options, the country’s securities watchdog said on Wednesday.The Australian Securities & Investments Commission (ASIC) said the court found Vanguard Investments Australia misled investors about its “ethically conscious” bond index fund. The fund said it screened issuers to exclude those with operations in some sectors such as fossil fuels, when that was not always the case, ASIC added.”Approximately 74% of the securities in the Fund by market value were…
By Christoph Steitz FRANKFURT (Reuters) – When labour unions step into the ring with Volkswagen (ETR:) executives on Wednesday to fight over job security and plant closures, it will mark the toughest test yet for the most powerful figure at the automaker behind its CEO: Daniela Cavallo. But the 49-year-old Italian-German will also appear a formidable opponent for managers, having risen through the ranks to become the first female head of the company’s works council, styling herself as a defender of the “Volkswagen family”. The negotiations start less than a month after Volkswagen said it might close plants in Germany…