FT News Briefing Wagner group’s Prigozhin presumed dead
Aug 24, 2023
Yevgeny Prigozhin's presumed death in a plane crash raises questions about the future of the Wagner group and Russia's military dynamics. NVIDIA experiences a massive revenue surge due to AI demand, leaving Wall Street impressed. Meanwhile, U.S. regulators are tightening rules on private fund disclosures, posing challenges for the industry. In Thailand, political upheaval unfolds as former PM Thaksin Shinawatra faces jail time, and discontent brews within the newly-opposition Move Forward party amid ongoing economic struggles.
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Prigozhin's Death
- Yevgeny Prigozhin, leader of the Wagner Group, reportedly died in a plane crash.
- This follows his failed coup attempt against Moscow in June.
New SEC Rules on Private Funds
- The SEC voted to impose stricter rules on private funds, affecting how they interact with investors.
- These rules enhance transparency and standardize disclosures, but some commissioners oppose them.
NVIDIA's Success
- NVIDIA's revenue more than doubled due to high demand for AI semiconductors.
- This surge also boosted their share price significantly.