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Blackstone closes its largest Asia private equity fund at over $13 billion
Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle. "Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes," Joe Baratta,...
EU auditors flag weak oversight of €527 million Balkans transport fund
The European Commission lacked effective tools to monitor progress and relied on international lenders to oversee progress made in the transport sector in the Balkans, leading to the release of funds beyond the level of work completed, according to EU auditors. The European Union has invested €527 million into a flagship fund designed to better connect the Western Balkans to the bloc's transport network. However, more than a decade after the initiative was launched, EU auditors warn that the...
Could native forests be Cement Australia's 'sustainable' fuel option?
Concerns native forests could be Cement Australia's 'sustainable' fuel option as it moves away from coal Mon 1 Jun 2026 at 7:14am In short: Cement Australia will update a coal-fired kiln in Tasmania to supplement its fossil fuel use with alternative fuel sources such as used tyres and sustainable wood waste. But conservationists say the wood waste, if sourced from native forest logging, could offset the environmental benefit. What's next: The six-week site upgrade at the Railton kiln in...
Does being in a 'safe seat' influence whether your hospital gets an upgrade?
Does being in a 'safe seat' influence whether your hospital gets an upgrade? Mon 8 Jun 2026 at 6:45am In short: Advocates say regional hospitals in so-called "safe seats" are being overlooked for funding due to a lack of political appetite from the state government. There are active campaigns to secure funding for public hospitals at Mildura, West Gippsland, Hamilton and Daylesford.
Regional town loses only GP and adds to critical shortage across WA
Medicare bulk-billing model forces Kalbarri Doctors Surgery closure, director says Wed 3 Jun 2026 at 8:02am In short: Kalbarri Doctors Surgery has announced it will be closing its doors. The shock closure comes just under a year after another doctor's surgery temporarily closed in the neighbouring Midwest town of Northampton for similar reasons. Residents will now have to drive more than 100 kilometres to see a GP.
Cyprus to rebuff calls from Northern frugals to slash EU budget
BRUSSELS — Cyprus’ Council presidency is set to turn down Germany’s demands to slash the EU’s next seven-year budget, four EU diplomats told POLITICO. Nicosia, which is set to unveil new budget figures by June 10, is resisting pressure from the EU’s wealthier countries to cut spending on farmers’ subsidies and payments to poorer regions — a move that would irk frugal Northern EU members. However, if the plan goes ahead, it would be a win for Southern and Eastern European...
Global equity fund inflows at 3-week high as AI optimism boosts sentiment
Global equity fund inflows at 3-week high as AI optimism boosts sentiment June 5 : Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand. According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the largest amount since May 13. Dell and HP reported blockbuster results and rallied 42.6 per cent and 7.1 per cent,...
UK Government to spend £1.3bn to support ‘spectacular’ Universal theme park in Bedford
UK Government to spend £1.3bn to support ‘spectacular’ Universal theme park in Bedford The resort set to become the UK’s most popular tourist attraction when it opens in 2031, with millions expected to visit each year - Bookmark - CommentsGo to comments The name and logo for the UK’s Universal theme park have been officially unveiled, coinciding with the announcement of a significant £7.3 billion investment into the project by the American company and the Government. The new attraction will...
Scientists reverse anxiety by fixing a tiny brain circuit
Scientists reverse anxiety by fixing a tiny brain circuit - Date: - June 3, 2026 - Source: - Universidad Miguel Hernandez de Elche - Summary: - A newly identified group of amygdala neurons appears to play a central role in anxiety and social behavior. Restoring normal activity in this tiny brain circuit reversed anxiety and social deficits in mice, revealing a promising new target for future treatments. - Share: Scientists have identified a specific brain circuit that appears to play a major...
Two reasons for optimism after Tuesday's whipsaw market sell-off
With CPI inflation data in the morning and software giant Oracle reporting earnings after the bell, Wednesday presents a big test for a U.S. stock market trying to find its footing after its worst day in a year and a nail-biting whipsaw session on Tuesday. There's reason for optimism, judging by bullish options flows around stocks that do better when interest-rates stay lower, and call-buyers who are prepared for the biggest move in Oracle since Covid. First, inflation: despite economists...