FT News Briefing Tuesday, June 18
Jun 18, 2019
Qatar's sovereign wealth fund is ramping up investment efforts in North America and Asia. Meanwhile, Pfizer's strategic $11.4 billion acquisition aims to enhance its cancer treatment lineup. The tension between the US and Iran is rising as Iran threatens to breach nuclear deal terms, risking military conflict in the Persian Gulf. Plus, there's insight on the UK Conservative Party leadership and Facebook's digital currency ambitions.
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US-Iran Tensions Escalate
- Tensions between the U.S. and Iran have escalated dramatically since the U.S. withdrew from the 2015 nuclear deal.
- Iran's threat to breach the deal's terms raises stakes and could lead to a military conflict.
Qatar's Sovereign Wealth Fund Ramps Up Investments
- Qatar's sovereign wealth fund (QIA) is reviving its aggressive investment strategy.
- QIA is targeting North America, Asia, and emerging markets, focusing on healthcare, industrial, and tech sectors.
European Private Equity Firms Raise Megafunds
- Top European private equity firms are raising megafunds earlier than anticipated.
- They aim to secure capital before a potential economic downturn makes fundraising harder.