FT News Briefing A power shift in Lebanon
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Jan 14, 2025 Goldman Sachs is diving into the private credit sector, signaling a bold move in finance. In Lebanon, the appointment of Nawaf Salam as prime minister is a pivotal change, marking a shift away from Hezbollah's influence. Joseph Oun’s election as president brings hope amidst political instability, but challenges loom large in the reconstruction efforts costing over $8 billion. Meanwhile, Amazon is racing to enhance Alexa using cutting-edge generative AI, facing complex hurdles in accuracy and monetization.
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Goldman Sachs and Private Credit
- Goldman Sachs is creating a new unit focused on private credit funds.
- This move aims to both compete with and serve private credit firms, who are playing an increasing role in corporate financing.
Power Shift in Lebanon
- Lebanon has a new prime minister, Nawaf Salam, and a new president, Joseph Oun.
- These selections signal a potential weakening of Hezbollah's political influence in Lebanon.
Independent Leadership
- Lebanon's new president and prime minister are viewed as independent figures.
- This marks a departure from the previous political landscape, dominated by Hezbollah.