American investor and entrepreneur, Thrive Capital founder
A travel feature on Yerevan, Armenia, exploring Republic Square, the Dancing Fountains show, and the city’s heritage from Tamanian’s design to recent tourism growth linked to direct flights from London.
Canada and the United States have resumed intensive talks to avert steep US tariffs that could take effect this week. Ottawa has offered concessions, including removing a retaliatory auto tariff, while Washington has pressed provinces to lift bans on US alcohol and pushed demands on market access and content rules for autos. Negotiators are still finalising details.
Nvidia has announced memorandums with six Wall Street firms to assemble about $500 billion to finance AI infrastructure — data centres, GPU clusters and related compute — for customers that lack cash or credit. Executives are pitching compute as an investable asset class while analysts warn depreciation risk and competition from China could erode collateral value.
President Trump has publicly backed FIFA president Gianni Infantino after UEFA, CONCACAF and the AFC accused him of "breaking trust through deception" over a shelved plan to sell stakes in a new commercial arm. Infantino has retained support from CAF and CONMEBOL while several national federations have withdrawn endorsement ahead of the 2027 election.
Barclays has analysed five tech shakeups to identify traits of surviving software firms. Winners tend to have healthy margins, strong cash flow, low debt, and high productivity, allowing them to adapt amid industry shifts. The study suggests financial strength and operational discipline may outpace rapid growth in guiding resilience.
OpenAI unveils a privacy-centric safety monitoring approach, while Anthropic maintains a 30-day data retention policy for its covered models, prompting enterprise concerns and competitive tension in the AI safety space.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.
FIFA president Gianni Infantino is facing intensified scrutiny as UEFA, CONCACAF and AFC demand accountability over a private-investment plan for World Cup assets. CAF backs Infantino, while Ireland withdraws support amid governance concerns. Motsepe says decisions should come from elections, not behind closed doors.
The global football federation is confronting a fracturing alliance as three major confederations call for a review of Gianni Infantino’s leadership amid a shelved plan to sell World Cup commercial rights; New Zealand withdraws support, while Caf and Conmebol back Infantino for a fourth term. The next months will determine Infantino’s fate at the Rabat congress.
Infantino is facing a leadership crisis as CONCACAF, UEFA and AFC push for his resignation amid a failed World Cup privatization plan. He is meeting Dominican officials while allies seek to rally support and counter moves to unseat him ahead of the March 2021 presidential election. FIFA has not commented on ongoing requests for change.
European football federations convene in Monaco as UEFA seeks assurances after Infantino's investor plan was aborted. The talks aim to prevent a boycott, clear the path for the Under-20 Women’s World Cup in Poland, and set a course for Infantino’s re-election battle in March 2027.
TWG Global faces federal investigations into affiliated-party loans across its insurers, prompting questions about liquidity and potential impacts on its sports assets, including the Dodgers and Lakers. The company denies fraud and reiterates that its major franchises are not for sale, as regulators review financing and related transactions.
Buss siblings vote to sell Lakers stake; Jeanie Buss seeks court order to block the sale and preserve her governance role. The dispute centers on a 17.8% family stake valued at about $12.5 billion, with legal fights looming over fiduciary duties and 2017 court orders.
Josh Kushner has issued his first public statement on the collapsed FIFA Forward Enterprise proposal, saying he still supports its aims but would not have invested had he known how the process would unfold. UEFA has filed US court papers seeking document production and depositions from Kushner and Thrive as it prepares possible criminal mismanagement claims against FIFA president Gianni Infantino.
UEFA has escalated pressure on FIFA president Gianni Infantino after revealing a criminal mismanagement complaint in Switzerland related to a failed bid to sell future World Cup profits to private investors. The move follows a broader backlash from FIFA member bodies amid concerns over a $4.2 billion investment plan that would have paid out to federations. Infantino has not indicated he will step down, and election remains scheduled for March 2027.
The KNVB has stated it no longer has confidence in FIFA President Gianni Infantino and is calling for a broader governance overhaul. It proposes an International Summit to decide what kind of FIFA the world wants, ahead of Infantino’s 2027 re-election. AP News reports similar concerns among UEFA members, while discussions involve potential changes to distribution and decision-making structures.
The FFF has withdrawn its support for Gianni Infantino amid concerns over FIFA’s governance and plans to sell World Cup stakes. UEFA and other confederations join in pressing for reform as Infantino plans to stand again in 2027.
FIFA President has reaffirmed plans to seek a fourth term in 2027 despite mounting criticism from UEFA and other confederations over the failed FFE plan to privatise World Cup profits. Nominations close 18 November ahead of the Rabat congress.
FIFA president Gianni Infantino has faced renewed scrutiny as FairSquare’s complaints persist, with European bodies pressing for transparency and a fresh external review of the FFE plan. UEFA and others are seeking documents, while Infantino remains intent on a fourth term, with candidacies due next month.
US private equity firm Clearlake Capital has moved close to buying Todd Boehly and Mark Walter’s stakes in Chelsea, valuing the club at about £5bn. The deal follows Mark Walter’s attempt to raise cash to repay insurers amid a US federal tax-fraud investigation; Clearlake already controls day-to-day operations and will obtain full ownership if partners consent.
New ownership has outlined aggressive plans to lift the Lakers’ value to $30 billion within a decade, backed by higher ticketing, media rights and international growth. The sale from the Buss family to Joshua Kushner and Bob Iger has triggered a valuation surge and renewed speculation about the franchise’s long-term health.
The FIFA president has apologized to the FIFA Council for missteps in a private World Cup sell-off plan that was later scrapped. European critics demand documents and clarity ahead of the March presidential election, with UEFA pressing for answers to 42 questions by November 2.
The Lakers sale has moved forward with Josh Kushner and Bob Iger securing terms, and investor interest remains high as the NBA board reviews the deal. Public reporting indicates Walter has sold or is arranging to sell the team and Sparks assets, with ongoing chatter about funding and board approvals.