Sotheby’s strikes $100mn debt deal with KKR backed by auction fees
Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi Source link
World News
Read More
Trump’s ‘Board of Peace’ held talks with DP World over Gaza reconstruction
Proposal examined having Emirati company manage supply chains and logistics as part of US plan for devastated enclave Source link
JPMorgan to invest in Europe and UK in expanded $1.5tn security initiative
Bank’s 10-year plan will help companies in defence, energy and other critical sectors raise funding Source link
In the age of AI, recruiters need to rethink their jobs
The more upmarket the staffing service, the better the chances of weathering the change Source link
The big short meets private credit
Wall Street banks have started trading credit default swaps against private credit funds run by Blackstone, Apollo and Ares Source link
Private credit funds strained as borrowing costs edge higher
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending Source link
MSCI boots Indonesian tycoon-owned stocks from indices
Index provider delays decision on whether to downgrade south-east Asia’s largest economy to frontier market Source link
How Orbán’s loss paves way for EU to reopen talks on Israel sanctions
Also in this newsletter: Farming under fire in Ukraine Source link