Kushner’s Fund Accumulates Millions in Fees, Yet Yields No Profits to Date Jared Kushner’s private equity fund has notably amassed millions of dollars in management fees, despite failing to generate any profits for its investors, a recent investigation reveals. This financial dynamic raises significant questions about the fund’s performance and the assurance of returns for stakeholders. The fund, Affinity Partners, was launched following Kushner’s tenure as a senior adviser in the Trump administration. Market analysts and investors had high expectations for the fund, attributing potential success to Kushner’s extensive network and influence. However, to date, despite collecting substantial fees from…
Author: BRICS+ News Services
Youths Called on to Strengthen BRICS Cooperation In the rapidly evolving global landscape, the importance of international collaboration has never been more crucial. Against this backdrop, young people from BRICS nations—Brazil, Russia, India, China, and South Africa—are being urged to play a pivotal role in enhancing cooperation among these countries. The BRICS Alliance: A Brief Overview Formed in 2009, BRICS is an association of five major emerging economies, distinguished by their significant influence on regional and global matters. The alliance was initially conceived as BRIC, comprising Brazil, Russia, India, and China, with South Africa joining in 2010 to complete the…
Investec Expands to Dubai, Targeting South African and UK Expats Investec, a prominent international specialist banking and asset management group, has recently inaugurated a new office in Dubai. This strategic expansion aims to cater to the growing financial needs of expatriates from South Africa and the United Kingdom residing in the Middle East. The move signifies Investec’s commitment to broadening its global footprint and enhancing its service offerings to a diverse clientele. Background and Market Context Founded in 1974 in South Africa, Investec has grown into a global financial leader with a strong presence in Europe, Southern Africa, and Asia-Pacific.…
Escalation in the Middle East: Hezbollah Launches Rockets into Israel Following Aggression Wednesday, 25 September 2024 In a dramatic escalation of violence in the Middle East, Lebanese militant group Hezbollah launched roughly 40 rockets into northern Israel early Wednesday morning. The Israeli army reported that some rockets were intercepted by their defense systems, while others landed in open areas, causing fires but no reported casualties. Context of the Conflict The latest confrontation is part of a broader pattern of escalating violence between Israel and its regional adversaries. Hezbollah’s rocket attack was in direct response to Israeli military actions in South…
Miami Tops UBS List for Highest Real Estate Bubble Risk, São Paulo Least at Risk Among Global Cities Miami, a city renowned for its sun-drenched beaches and dynamic culture, is now distinguished by a less enviable title: the highest risk of a real estate bubble among major global cities. This conclusion comes from the annually published UBS Global Real Estate Bubble Index, which scrutinizes property markets in 25 leading cities worldwide. Inflation and Interest Rates Shape Real Estate Markets The UBS report for 2023 noted a slight decrease in the overall risk of real estate bubbles for the second year…
Global Financial Markets Roil as China Unveils Comprehensive Economic Boost In a significant move aimed at countering economic challenges, China recently unveiled a comprehensive set of measures designed to bolster its economy. This announcement has had far-reaching implications, causing ripples in global financial markets and influencing currency valuations worldwide. China’s Economic Landscape China, the world’s second-largest economy, has been grappling with a myriad of economic issues over the past few years. From the trade war with the United States to the impact of the COVID-19 pandemic, the country’s economic growth has faced substantial headwinds. The slowdown has prompted the Chinese…
[ The African Development Bank (AfDB) has approved a grant of $67 million to Madagascar to support the country’s efforts in improving its infrastructure. The grant aims to enhance the nation’s economic development and promote sustainable growth. Madagascar, an island country located off the southeastern coast of Africa, has been facing challenges in terms of infrastructure development due to limited funding and resources. The grant from AfDB will be used to fund various projects, including the construction of roads, bridges, and other essential infrastructure. The funding comes at a crucial time for Madagascar, as the country continues to recover from…
Egypt’s External Debt Falls by 8.4 Percent to $153.86 Billion in Five Months: Implications for the Economy In a notable financial development, Egypt’s external debt has declined by 8.4 percent, reaching $153.86 billion over the past five months. This reduction marks a positive shift for the nation, which has been striving to stabilize its economy amid various challenges. Understanding the Context Egypt, the most populous Arab nation, has been heavily reliant on external borrowing to fund its ambitious infrastructure initiatives and support its expanding population. However, the accumulation of debt has raised concerns about the country’s long-term financial health and…
Title: Political Barriers Hindering India’s Ambitions in Semiconductor Manufacturing, Cautions Karnataka IT Minister Priyank Kharge In a recent address, Karnataka IT Minister Priyank Kharge has underscored significant political challenges that are obstructing India’s ambitions to become a global player in semiconductor manufacturing. His cautionary remarks come at a crucial juncture, as the country has been struggling to establish a substantial presence in the global semiconductor market, a sector crucial to technological advancement and economic growth. India’s Semiconductor Aspirations India’s aspiration to break into the semiconductor industry is not new. The global semiconductor market, a behemoth valued at over $500 billion,…
Ukrainian Diplomat: "Crimean Bridge Must Come Down" – A Call for Justice at The Hague As geopolitical tensions continue to simmer in Eastern Europe, a striking statement has emanated from a recent hearing at The Hague. A Ukrainian diplomat has made an unequivocal plea for the demolition of the Crimean Bridge, a symbol of Russian annexation of Crimea, stating, "Crimean Bridge must come down." The Context of Annexation To grasp the significance of this statement, it is essential to revisit the recent history that has strained relations between Ukraine and Russia. In 2014, Russia controversially annexed Crimea, a move that…