FT News Briefing Milei elected president of Argentina
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Nov 20, 2023 Javier Milei's election as Argentina's president marks a radical shift in the nation's politics, aiming to dismantle decades of Peronist influence. Meanwhile, investors are reshaping the venture capital landscape by pivoting towards private equity to support struggling startups. In Bangladesh, the heavy reliance on liquefied natural gas is raising concerns about energy sustainability. The discussion also touches on the urgent shift needed toward renewable energy to tackle climate change challenges.
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Milei's Upset Victory
- Argentinians voted for Javier Milei, a radical libertarian economist.
- This win rebukes the Peronist movement's 30-year dominance.
OpenAI CEO Turmoil
- OpenAI's board abruptly fired CEO Sam Altman, causing upheaval.
- Microsoft, a major investor, explored reinstating Altman.
Startup Buyout Trend
- Investors are shifting from minority venture capital stakes to full buyouts of startups.
- This move reflects a private equity approach, focusing on profitability over high valuations.