In 2023, mergers and acquisitions (M&As) slowed by 18 percent, year on year, to $3 trillion worth, a pace not seen since 2013, thanks to inflation, rising interest rates, and fears of a recession, data service Dealogic reported.
Category: 9 January 2024
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U.S. VENTURE CAPITAL FUND-RAISING PLUMMETED 60 PERCENT IN 2023
Venture capitalists’ (VCs’) attempts to raise funds to invest in new and young companies brought in only $67 billion last year, the least since 2017 and 60 percent less than in 2022, which was a peak year, according to the National Venture Capital Association.
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ISRAEL KILLS SENIOR ADVISER IN IRAN’S REVOLUTIONARY GUARD OUTSIDE DAMASCUS
A top Iranian military official was killed in an Israeli Christmas strike in Syria, prompting Tehran to say the “savage Zionist regime will pay for this crime.”
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TOP TREND 2024 EV GO FU: 2023 EV SALES WERE A DEBACLE
Millions worth of subsidies—with some of that money drawn from government medicare programs—couldn’t prevent EV sales from getting stuck in a ditch in 2023.
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THIS WEEK IN SURVEILLANCE
Controlling and restricting travel is becoming a more open objective of the green energy transition, also known to readers of these pages as the Degrowth agenda.
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FIREFIGHTERS STRUGGLING TO COPE WITH HARD-TO-EXTINGUISH LITHIUM-ION BATTERY FIRES
On the last day of 2023, firefighters were finalizing a plan to extinguish a lithium-ion battery fire aboard the Genius Star XI, a 13,000-ton cargo ship en route from Vietnam to San Diego.
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AMAZON BUYS INTO PERPLEXITY AI, AS FOUNDER ADMITS AI SEARCH ENGINES CONTAIN INTERNET POISON PILL
AI powered search engine startup Perplexity AI has gained backing by Amazon’s mega billionaire founder Jeff Bezos.
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BLOCKCHAIN BATTLES
The European Union is following in the footsteps of China in the issuance of a digital currency that will monitor and exert control over commercial interactions of citizens there in unprecedented ways.
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DEATH OF JOURNALISM: LOCAL NEWS BLOODBATH CONTINUES AS MORE PUBLISHERS CLOSE UP SHOP
A newly released Northwestern University study found that 2023 was another tough year for journalism jobs, especially in local newspapers that closed at a rate of 2.5 a week.
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ALTERNATIVE BITCOIN INVESTMENT: BITCOIN BACKED SECURITIES
They’re being called Bitcoin Depository Receipts (BDRs). They represent a way for investors to gain exposure to bitcoin, by investing in securities backed by the world’s dominant cryptocurrency.