The delusion of private equity IRRs
The dumbest PE performance metric still bamboozles some investors
Economic news
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Legal & General merges divisions and cuts jobs across asset management
Move comes amid FTSE 100 company’s wider restructuring in push to acquire more private assets
US debt fears put dollar on track for worst week since tariffs sell-off
Greenback falls 1.7% amid concerns over impact of Trump’s tax-cutting bill
Can satellites keep companies honest on emissions?
Academics argue governments should use satellite data to hold companies accountable for pollution
Japan inflation climbs at fastest rate in more than 2 years
High food prices pile pressure on central bank and unpopular Ishiba government