Major Australian Ports Reopen After Cyberattack Halts Operations

Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 13, 2023 12:47 am ET|WSJ Pro SYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure. Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems … Read more

Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. “Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial … Read more

TPG Gains on Stepped Up Deal Activity

TPG Gains on Stepped Up Deal Activity

Nov. 7, 2023 6:25 pm ET|WSJ Pro Buyout firm TPG boosted its deal activity in the September quarter, defying a broader slowdown and notched two significant sales, including an exit from its 13-year investment in Hollywood talent company Creative Artists Agency. That transaction helped bolster the firm’s distributable earnings, a closely watched performance metric that … Read more

Granite Creek Capital Raises $300 Million for Growth Investments

Granite Creek Capital Raises 0 Million for Growth Investments

Nov. 7, 2023 6:30 am ET|WSJ Pro Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright. Chicago-based Granite Creek said it wrapped up its third fund above the $250 million … Read more

Japan Unlikely to Fall Back to Zero Inflation, BOJ Governor Says

Japan Unlikely to Fall Back to Zero Inflation, BOJ Governor Says

Nov. 5, 2023 9:26 pm ET|WSJ Pro NAGOYA, Japan—Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases. “The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle … Read more

Detroit Revs Up Venture-Capital Deal Making

Detroit Revs Up Venture-Capital Deal Making

Oct. 25, 2023 6:00 am ET|WSJ Pro An unlikely city sits near the top of a venture-capital list: Detroit. Long a symbol of industrial decline, the Motor City ranked second, ahead of destinations such as Berlin and Miami, in a PitchBook Data report on venture-capital ecosystems worldwide that have shown the most growth, scoring high … Read more

Johnson & Johnson Considers Ditching Texas Two-Step for Third Talc Bankruptcy

Johnson & Johnson Considers Ditching Texas Two-Step for Third Talc Bankruptcy

Oct. 20, 2023 5:22 pm ET|WSJ Pro Johnson & Johnson is exploring a new bankruptcy filing for its talc-related liabilities using a different corporate structure than the Texas Two-Step filings that failed twice before to resolve those mass claims in chapter 11, according to people familiar with the company’s plans. The healthcare-products company said on a … Read more

Cyberattacks Intensify on Israeli and Palestinian Human Rights Groups

Cyberattacks Intensify on Israeli and Palestinian Human Rights Groups

Oct. 20, 2023 1:24 pm ET|WSJ Pro Hackers have stepped up efforts to take down the websites of Israeli and Palestinian humanitarian groups since Hamas attacked Israel on Oct. 7.  The spike in cyberattacks on Israeli human rights organization B’Tselem has reached levels similar to activity seen during the conflict between Israel and Hamas in 2014, said Roy … Read more

Dutch Consumer Group Sues Amazon Over Data Tracking

Dutch Consumer Group Sues Amazon Over Data Tracking

Oct. 18, 2023 12:50 pm ET|WSJ Pro A consumer-rights group in the Netherlands sued Amazon on Wednesday over its alleged practice of tracking website visitors’ online activity, using recently expanded legal provisions allowing class actions. The lawsuit, filed in a Dutch court by Stichting Data Bescherming Nederland, or SDBN, said Amazon is violating the European Union’s privacy law by … Read more

Accolade Partners Raises $325 Million to Back Venture Funds Led by Women, Minorities

Accolade Partners Raises 5 Million to Back Venture Funds Led by Women, Minorities

The investment firm led by Joelle Kayden has collected $325 million to invest in venture and growth-equity funds run by minority and female managers.  Source link