FT News Briefing Sequoia Capital to spin off its China business
Jun 7, 2023
Tensions between Washington and Beijing are rising as Sequoia Capital separates its China business. The UK plans to remove Chinese surveillance cameras from sensitive areas, reflecting growing security concerns. A devastating dam collapse in Ukraine has led to widespread flooding and evacuations. Plus, a game-changing merger between the PGA Tour and LIV Golf is set to shake up the sport. Tune in for insights on these pressing geopolitical and financial shifts.
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Sequoia's Spinoff Signals U.S.-China Investment Shift
- Sequoia Capital is spinning off its China business due to rising U.S.-China tensions.
- This signals a potential trend of U.S. firms reducing China investments.
Dam Destruction Impacts Ukraine War
- The destruction of the Kakhovka dam in Ukraine has caused widespread flooding and displacement.
- This catastrophe may give Russia a military advantage by hindering Ukraine's counteroffensive.
PGA Tour and LIV Golf Merge in Surprise Deal
- The PGA Tour and LIV Golf, backed by Saudi Arabia, have announced a surprising merger.
- This deal ends litigation and involves significant Saudi investment in the PGA.