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Indonesia’s Danantara bets a new $6B SOE can save a textile industry from Trump tariffs and foreign competition | Fortune
Indonesia plans to establish a new state-owned enterprise (SOE) to rejuvenate its struggling textile and garment industry and shield it from fallout from U.S. President Donald Trump’s tariffs.The decision, announced on Jan. 14 by Airlangga Hartato, Indonesia’s coordinating minister...
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‘We are an n of 1’: Palantir hails ‘incredible’ earnings as stock rockets nearly 8% after hours | Fortune
Palantir Technologies declared, “We are an n of 1” in the artificial intelligence software market on Monday, as the data analytics group reported yet another set of record quarterly results, sending its shares surging nearly 8% in late trading.Investors cheered a...
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Oracle said it was ‘highly confident in OpenAI’s ability to raise funds and meet its commitments.’ Cue the stock fall | Fortune
Oracle opened the day higher on plans to raise $50 billion for AI infrastructure. It closed lower after reminding investors who that infrastructure is for.The company said Sunday night that it planned to raise up to $50 billion in...
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Why Bitcoin is in a bear market: Analyst points to 3 factors after currency swoons below $75,000 | Fortune
It’s February and many traders are feeling a chill that feels a lot like crypto winter. Bitcoin dropped below $75,000 on Sunday, the latest in a series of slides that have dragged down the original cryptocurrency since last autumn. ...
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‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture | Fortune
Gen Z founders chasing their big break are facing a modern-day Catch-22: protect their mental health or sacrifice work-life balance in pursuit of success. Shark Tank investor and millionaire Kevin O’Leary has clear advice for Gen Z founders weighing how...
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Denmark’s generous child care and parental leave policies erase 80% of the ‘motherhood penalty’ for working moms
For many women in the U.S. and around the world, motherhood comes with career costs.Raising children tends to lead to lower wages and fewer work hours for mothers – but not fathers – in the...
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30 years after the founding of ‘Silicon Alley,’ New York’s tech scene is so big it has no center | Fortune
Good morning. It seems oddly fitting that a New York fire marshal essentially shut down a massive party to celebrate “30+ years of Silicon Alley” on Friday night, and that my son, 20, responded to that news by asking,...
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Kennedy Center to close for 2 years for renovations after a wave of canceled shows due to Trump adding his name to the building...
President Donald Trump said Sunday he will move to close Washington’s Kennedy Center performing arts venue for two years starting in July for construction.Trump’s announcement on social media follows a wave of cancellations since Trump ousted the previous leadership and added...
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Trump’s plan to make housing affordable is faltering | Fortune
President Donald Trump’s bid to put home ownership in reach for more Americans is sputtering, just weeks after it launched. With voters signaling that pocketbook issues are top-of-mind ahead of the November midterm elections, the White House has floated a...
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JPMorgan should ‘threaten’ UK over banker tax, Mandelson told Epstein
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lord Peter Mandelson told Jeffrey Epstein in 2009 that the boss of JPMorgan should “mildly threaten” Britain’s chancellor over a tax...
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Musk’s X office in France raided by Paris prosecutor
The Paris prosecutor says its cyber-crime unit is conducting a search of X's offices.
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