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The $1 Billion Question: Why Global Buyout Funds Are Exiting China Data Centers
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. **Key Takeaways** 1. **Strategic De-risking:** Foreign private equity firms are systematically divesting from China’s data center sector, signaling a broader strategic recalibration driven by escalating political and regulatory risks associated with overseas ownership…
Inter Miami's Billion-Dollar Homage: An Unprecedented Honour for Messi
This represents a singular distinction for the footballer who has claimed the Ballon d’Or award eight times. Inter Miami has revealed plans to christen a section of their forthcoming new stadium in honor of Lionel Messi. The Major League Soccer club is poised to relocate to the Nu Stadium in the coming week, with their inaugural home game of the new MLS season scheduled for April 4 against…
The $1 Billion Spark: British Scientist Ignites Europe's AI Powerhouse
Remain knowledgeable with complimentary updates Just register for the Artificial intelligence myFT Summary — sent straight to your email. David Silver, a prominent AI researcher from Britain, is gathering $1 billion for a nascent firm with the aspiration of forging “beyond-human intellect,” in a financing arrangement orchestrated by Sequoia Capital, which would mark Europe’s most substantial…
Disney to invest $1bn in OpenAI, allowing characters in Sora video tool | Business
Walt Disney has announced a $1bn equity investment in OpenAI, enabling the AI startup’s Sora video generation tool to use its characters. Users of Sora will be able to generate short, user-prompted social videos that draw on more than 200 Disney, Marvel, Pixar and Star Wars characters as part of a three-year licensing agreement between OpenAI and the entertainment giant. The agreement – a…
Man United net debt breaks $1bn after active summer window
Manchester United’s net debt has broken the $1 billion barrier for the first time due to summer borrowings for player recruitment, taking the club’s overall debt to its highest level since the Glazer family takeover in 2005. In the club’s first-quarter accounts published Thursday, United’s noncurrent borrowings — debt mountain built since the Glazers’ leveraged takeover — were reported at £481…
Would Trump’s $1bn lawsuit against the BBC hold up in court? | Donald Trump News
United States President Donald Trump has threatened to sue the British public broadcaster, the BBC, for $1bn in the latest of a series of actions he is taking against major news outlets. Trump’s lawyers said the BBC violated Florida defamation law by editing a video clip in a 2024 Panorama documentary – aired just one week before the November presidential election – to give the impression that he…
Pakistan navy seizes drugs worth nearly $1bn in the Arabian Sea | Crime News
Narcotics worth more than $972m seized in two separate operations carried out within 48 hours. Published On 22 Oct 202522 Oct 2025 Click here to share on social media share2 Share The Pakistani navy, operating as part of the Saudi-led Combined Maritime Forces (CMF), has seized nearly $1bn worth of narcotics from two vessels sailing through the Arabian Sea. The CMF, the naval network overseeing…
Africa: FIFA Invests Over $1bn in African Football, Says Infantino
FIFA President Gianni Infantino has announced that more than USD 1 billion has been invested in African football since the launch of the FIFA Forward Programme in 2016. Speaking at the 47th CAF Ordinary General Assembly in Kinshasa, Democratic Republic of Congo, Infantino reaffirmed FIFA’s commitment to developing football across the continent and inspiring Africa’s youth. He told delegates from…
