Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Private Equity] Indonesia has approached U.S. private equity giants Blackstone and Carlyle to be a part of its new sovereign wealth fund. The Indonesian government aims to raise $15 billion, of which Indonesia will provide $5 billion as seed funding.
Over60: F.T. Exclusive
[Cloud] Amazon Web Services (AWS), the internet infrastructure arm of Amazon, was down for several hours on Wednesday morning in North America. The company did not announce a reason for the outage but hinted at increased error rates.
Over60: The Verge, TechCrunch
[M&A] Marc Benioff's Salesforce is holding preliminary talks with Slack over a potential acquisition. Slack's share price soared by 22% after the news broke. An announcement is expected next week from both parties.
Over60: Business Standard
[Stimulus] Rishi Sunak's U.K. government spending review has revealed that the government borrowing for this year would touch £394 billion. The chancellor also announced that unemployment during the second quarter of 2021 could touch 7.5%.
Over60: Bloomberg Quint
[Cryptocurrency] The price of Bitcoin crashed by 13% on Thursday, after touching an all-time high of $19,510 per coin. Other cryptocurrencies slipped by double-digit figures as well. The crash was attributed to traders' profit-booking, although many analysts are still bullish on the crypto's long-term prospects.
Over60: Economic Times
If this was useful to you, subscribe here. We thrive on subscriber feedback. Feel free to reach out to us here.
Team Under60
Create your profile
Only paying subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to log in.