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Sunseeker made loss in Covid year – but orders stand at £400m
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Sunseeker s sales fall by 54% and reports substantial loss | News | International Boat Industry
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With Thomas Barrack Facing Federal Charges, What Happens to His Hollywood Ventures?
Barrack’s Hollywood ties are mostly in the past but included an aborted plan to bail out The Weinstein Company
Diane Haithman | July 21, 2021 @ 4:53 PM
Then-Miramax chairman Thomas Barrack with stars Rob Lowe, Gwyneth Paltrow and Fred Savage at Hollywood Walk of Fame in 2015 (Getty Images)
Former Colony Capital CEO Thomas Barrack, a longtime ally of Donald Trump who was Tuesday arrested on seven federal criminal charges, has long had ties to Hollywood beyond his home in Santa Monica.
A decade ago, the 74-year-old private equity real estate investor partnered with construction magnate Ronald Tutor and the Qatar Investment authority to buy Miramax from Disney for $660 million. He served as chairman of company, mostly signing licensing deals for the 700-film library of Oscar-winning titles without producing much new content.
Xi Jinping Casts Communist Party as China s Savior on Centenary of Founding
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There is pressure to resolve the fate of China’s bad debt manager Huarong
Six months after President Lai Xiaomin was found guilty of corruption and executed, Huarong Asset Management, the fate of China’s biggest bad debt manager, is no clearer and its commitment to Beijing is growing.
One of the four state-owned asset management companies created in 1999 to clear the debts of the banking sector after the Asian financial crisis, the turmoil in Huarong has deepened since Lai’s death.
The failure to release its financial accounts for 2020 and the lack of Rmb1.7tn ($ 261 billion) in assets on the balance sheet has caused major uncertainties in the $ 22 billion in bonds the group sold to international investors.