Franklin Templeton to list $1.7bn of Uzbekistan state assets
Fund manager aims to put central Asian state on global investors’ radar with privatisation drive
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Trump’s tariffs: ‘It feels like Covid 2.0. So many things are getting disrupted’
Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices
“In a lot of ways it feels like Covid 2.0. So many things are getting disrupted so quickly.” Like so many businesses across Donald Trump’s America, Matt Katase’s craft brewery, Brew Gentleman, is having to contend with a bafflingly uncertain trading environment.
The brewery’s chief operating officer, Alaina Webber, says: “For the first time, as a company in operation going on 15 years, we’ve started to get explicit emails that say: ‘On this existing order, you are now going to see a 30%, then to a 130% increase.’”
Tesla denies search for new boss to replace Musk
The electric car firm says a report that it is hunting for a successor is “absolutely false”.
The US economy: standing strong at the precipice
A good GDP report, but change is on the way
Time for lenders to insist on more protection in finance deals
Recent turmoil across capital markets should be seized on to shift the balance of power on debt covenants
Norway’s oil fund aims to save $400mn of trading costs using AI
Fund is one of the world’s biggest equity investors making 46mn trades a year