world
Blue Owl calls off merger of its two private-credit funds after announcement rattles stock
Blue Owl has decided to call off the merging of two of its private-credit funds after the deal caused some angst among investors, according to sources. Source link
From $1 trillion spending to F-35s, U.S.-Saudi pledges aren't done deals yet
The leaders signed a defense cooperation pact and held discussions about the sale of American F-35 fighter jets to the kingdom. Source link
Porsche reveals all-electric Cayenne SUV, 'most powerful' production vehicle ever made by sports car company
Porsche on Wednesday revealed a new all-electric version of its Cayenne SUV as the “most powerful” production vehicle ever made by the sports car company. Source link
Larry Summers resigns from OpenAI board after release of emails with Epstein
Details about Summers’ communications with sex offender Jeffrey Epstein were made public last week. Source link
Target cuts profit outlook as shoppers look for deals, make fewer store trips
Target is gearing up for the holidays and trying to snap an approximately four-year sales slump. Source link
Blip, dip, pullback or the beginning of the end? Global investors weigh in on equities sell-off
Once asset light businesses have morphed into capex-heavy hyperscalers, leading to investor concern. Source link
Dutch halt state intervention at Chinese-owned chipmaker Nexperia, paving way for exports to resume
The development appears to bring an end to a bitter dispute between the Netherlands and China. Source link
CNBC's The China Connection newsletter: China’s homegrown games capture overseas players as its cultural influence expands
In a big year for Chinese cultural exports, a new video game is the latest to win a global audience. Source link
Hong Kong IPO boom offers lifeline to China-invested private equity firms looking for exits
A nascent revival in Hong Kong initial public offering market offered a long-awaited release valve for private equity firms sitting on aging China portfolios. Source link
UK inflation cools to 3.6% in October, boosting chance of a Christmas rate cut
Economists polled by Reuters had expected a rate of 3.6% in the twelve months to October, down from 3.8% in September. Source link